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Stock impact report

ArcelorMittal Offers Update on Decarbonization Goals for Europe [Yahoo! Finance]

DuPont de Nemours, Inc. (DD) 
Last dupont de nemours, inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.dupont.com
Company Research Source: Yahoo! Finance
replace several blast furnaces across its European operations to reduce carbon emissions. The host countries provided financing support for these projects, which were approved by the European Commission. The projects were based on a favorable combination of policy, technology and market developments that would encourage decarbonization investment by offsetting the much higher capital and operating costs associated with this transition strategy. This featured the ability to use natural gas until green hydrogen became competitive. The energy, market and policy situations in Europe have not moved in a favorable direction, MT noted. Green hydrogen is slowly becoming a viable fuel source, whereas natural gas-based DRI production in Europe is yet to be competitive as an interim option. Furthermore, the carbon border adjustment mechanism (CBAM) has serious weaknesses, trade protection measures must be strengthened in response to increased imports caused by China's overcapacity and custom Show less Read more
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