Using the worlds first green steel to make a dump truck

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https://www.nationthailand.com/business/40007908


The worlds steelmakers need a makeover. Their industry is one of the dirtiest, and its blamed for about 7% of global carbon emissions.

The biggest producers essentially rely on the same manufacturing processes they used a century ago, and now they face a reckoning. With the planet’s viability at stake because of global warming, producers know they must adapt to survive in a low-carbon future.

Sweden’s SSAB, with operations from Alabama to Shanghai, partnered with utility Vattenfall and miner LKAB to produce the first fossil-free steel by substituting green hydrogen for coal. Deliveries of the clean metal started in August, with customers including Volvo, Mercedes-Benz and Cargotec Oyj of Finland.

It all starts at LKAB’s mines deep inside the Arctic Circle. The area has one of the richest iron ore deposits in the world, and the raw material has been extracted from there since the late 19th century. The stuff is mixed with additives and rolled into pellets about the size of a marble – but heavier – and then taken by electric train to Lulea, home to the hydrogen-powered Hybrit works.

Hybrit is a venture between the companies, who are spending $232 million (2 billion Swedish kronor) on a trial run through 2024. The main building, emblazoned with the logo “Fossil-Free Steel,” is relatively small and indistinct, but the companies are drawing up an industrial-scale version for about $1.15 billion (10 billion kronor). It would be a few hours’ drive away in Gallivare and could open by 2026.

Many producers are pursuing green steel, but huge barriers remain. The technologies are limited to pilot projects capable of producing only small amounts of the alloy, and they have higher operating costs than carbon-intensive methods. Spotify Technology’s billionaire founder, Daniel Ek, is backing H2 Green Steel, a Swedish startup set to begin production by 2024.

The steel industry needs investments of $30 billion annually just to keep pace with demand over the next 30 years, according to the Mission Possible Partnership, an advocate for speeding up decarbonization in the highest-emitting industries. Making those assets net-zero compliant will require another $6 billion a year.

Hybrit’s path to green steel continues in a tent about the size of an ice hockey rink, with heaps of the pellets riding a conveyor belt to the plant. Inside, they’re heated and then shaped into bricks of sponge iron – the raw material for steelmaking. What’s unique is Hybrit’s use of green hydrogen, still a nascent technology but already central to net-zero pledges by the European Union and China.

Iron pellets await melting at the Hybrit fossil-fuel free plant in Lulea, Sweden, on Oct. 6, 2021. MUST CREDIT: Bloomberg photo by Mikael SjobergIron pellets await melting at the Hybrit fossil-fuel free plant in Lulea, Sweden, on Oct. 6, 2021. MUST CREDIT: Bloomberg photo by Mikael Sjoberg

Hybrit burns the clean fuel – and not dirty coal – to remove oxygen from the iron ore. That emits only water vapor. Hydrogen isn’t a new invention – it’s been used in zeppelins and space rockets – but producing it with renewable energy makes it virtually emissions-free. Governments and companies want to use green hydrogen to power vehicles, ships, planes and factories.

While northern Sweden is rich in renewable energy, the weather makes supplies intermittent, so the Hybrit project is assembling a storage system for green hydrogen. “The industry wants to run 24/7,” said Mikael Nordlander, a decarbonization executive at Vattenfall.

The prototype will be buried about 30 meters underground. Since spring, workers have been blasting away granite and gneiss. It’s wet, smelly and noisy. After completion, the fuel will be held in a tank about 100 cubic meters in size, equal to a couple of shipping containers. If tests are successful, the setup could be supersized to hold 1,000 times more hydrogen – enough to fill London’s Royal Albert Hall.

What comes out of the Hybrit plant is fossil-free sponge iron brickets, resembling a cluster of soap bars. They’re shipped to SSAB’s plant in Oxelosund, south of Stockholm. The first steel plates were made this summer and delivered to Volvo in August.

Volvo unveiled the first vehicle made with green steel Oct. 13. The electric dump truck weighs 8 tons, has a virtual driver and is meant for quarries and mines. “If you look into the microscope, the steel is identical,” said Lars Stenqvist, Volvo’s chief technology officer. “Going fossil-free is something many of our customers are asking for.”

Published : October 24, 2021

By : Bloomberg

Japanese carmakers plan to cut production by 1.3 million units #SootinClaimon.Com

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Japanese automakers expect production to be down by at least 1.3 million units in fiscal 2021 due to the global semiconductor shortage and the covid-19 pandemic in Southeast Asia, according to eight major manufacturers.

The cut is equivalent to 5% of the automakers’ total annual production in fiscal 2020 when they produced 23.35 million vehicles.

Under Nissan Motor Co.’s new production plan, the company will reduce its global production for October and November by about 30% from the planned level. The company did not indicate the specific number of units.

The company said it could not secure the parts needed to assemble finished vehicles due to a shortage of semiconductors and stalled production of auto parts in Southeast Asia.

At the end of July, Nissan indicated that it expected to cut production by 250,000 units in total this fiscal year, and Nissan executives said that there was a strong possibility that production would fall further due to the pandemic situation in Southeast Asia.

Seven other automakers are also cutting production for the same reason.

On Oct. 15, Toyota Motor Corp. announced it would cut global production in November by between 100,000 and 150,000 units. The automaker has announced several production cuts since August, lowering its full-year production plan from the initial 9.3 million units to around 9 million units.

In August, Honda Motor Co. lowered its forecast for global sales for the current fiscal year by 150,000 units to 4.85 million units.

The company has announced a series of domestic production cuts since August, which may further lower its sales volume forecast.

Honda has said it is minimizing the impact, but that the situation will continue to be uncertain.

Suzuki Motor Corp. expects the impact of the semiconductor shortage to continue throughout the current fiscal year, and expects to reduce production by 350,000 units, the largest among the eight automakers.

Since the second half of last year, Japan, the U.S. and China have seen rebounds in automobile demand, which had dipped following the outbreak of the COVID-19 pandemic.

If the production cuts continue, Japanese automakers might miss out on the bump in demand.

The automobile sector is a key industry that accounts for about 20% of all domestic manufacturing shipments.

From steel manufacturing to parts makers, a wide range of industries are involved in the production of vehicles, supporting Japan’s manufacturing sector.

Large-scale production cuts will have a negative impact on the performance and employment situation of such companies, potentially putting the brakes on the economy’s pandemic recovery.

Published : October 24, 2021

By : The Japan News

Thailand Startup In Post Covid Era 2022 #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40007847


The Nation Thailand and Springnews invite you to listen and discuss the direction of Thai startups in the virtual seminar.

The Nation Thailand and Springnews invite you to listen and discuss the direction of Thai startups in the virtual seminar “Thailand Startup in Post Covid Era 2022”.

• Special talk on “Startup Experience in Australia” by Allan McKinnon, Australian Ambassador to Thailand

• Seminar on the startup direction in the future by prominent entrepreneurs in Thailand

See you at our informative & exciting “Virtual Forum: Thailand Startup in the Post-Covid Era” on October 29, 2021, from 2PM to 4PM

Register: http://www.nationthailand.com/seminar/startup2022

Call (02) 338 3000 – 1 for more information.

Published : October 23, 2021

Dow Thailand announces a 100% acrylic polymer for waterborne pavement markings that offers improved safety, durability, and ease of use #SootinClaimon.Com

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https://www.nationthailand.com/pr-news/business/40007882


FASTRACK™ Technology offers affordable, water-based, quick-drying, durable coatings that improve driver safety, especially at night. FASTRACK™ Technology is now available to the Thai market.

Dow Thailand Group (Dow), has unveiled in Thailand an innovative, non-flammable, non-hazardous water-based traffic paint technology. FASTRACK™ Technology offers affordable, water-based, quick-drying, durable coatings that improve driver safety, especially at night. FASTRACK™ Technology is now available to the Thai market.

FASTRACK™ Technology is a waterborne traffic paint innovation developed in the overseas research laboratories of Dow. Excellent key features include 100% acrylic polymer technology that offers fast drying even under conditions of high humidity or low air circulation.

FASTRACK™ Technology offers excellent durability and enhanced retention of glass beads that benefits extended reflectivity and night-time visibility. It also offers low volatile content (Low-VOC) that facilitates the formulation of coatings to address stringent environmental standards. FASTRACK™ Technology, as a water-based system, offers advantages in worker health and safety and reduced air pollution. Traditional traffic paint systems have been solvent based and/or hot melt that require high energy needs (200 °C). FASTRACK™ Technology is applied at ambient conditions and spray equipment is readily cleaned with water.

Dow Thailand announces a 100% acrylic polymer for waterborne pavement markings that offers improved safety, durability, and ease of useDow Thailand announces a 100% acrylic polymer for waterborne pavement markings that offers improved safety, durability, and ease of use

Puay Koon Chia, Asia Pacific Commercial Director for Dow Coating Materials said “At Dow, we see the role of business as a catalyst for change – as a driver of innovation that protects life and the environment, while helping create business growth. In alignment with our 2025 Sustainability Goals, we try to spark sustainable innovation and create shared value by solving social problems through our own technology and expertise.”

Compared to traditional systems, FASTRACK™ Technology offers a reduction in difficult and hazardous on-site work processes. FASTRACK™ Technology is already used in countries around the world including Australia, New Zealand, China, Malaysia, Japan and South Korea. In Thailand, paints formulated with FASTRACK™ Technology is currently used on airport runways, aprons, and aircraft parking lots at some of the major airports of the country. “It’s exciting to see waterbased airport marking paints applied in Thailand… the same innovative technology being used in highway markings which started in the USA 3 decades ago” added Yan Kit Kwok, Southeast Asia Commercial Director

For more details, please go to: www.Dow.com

Published : October 23, 2021

Top 10 Most Influential Unicorn Start-ups in 2021 #SootinClaimon.Com

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https://www.nationthailand.com/business/40007865


In today’s world, start-ups are playing such a major role both internationally and domestically that they could change the very face of the global economy.

These new ventures support the IT business, which has rapidly expanded and generated a large amount of income. Google, Facebook and Youtube, for instance, began life as start-up businesses in the US.

However, not many start-up companies have seen sustained growth: as many as 90 per cent have failed to survive in the first three years.

Start-ups have the potential to reach the “unicorn” level, where they can be valued at more than US$1 billion (THB33 billion).

Despite the Covid-19 pandemic, many businesses both inside and outside the country have soared to become unicorns.

Related news:

Here is a list of the top 10 most influential unicorn start-ups in 2021:

Top 10 Most Influential Unicorn Start-ups in 2021

Published : October 23, 2021

By : THE NATION

‘Let’s Go Halves’ phase 3 spending exceeds THB100 billion #SootinClaimon.Com

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https://www.nationthailand.com/business/40007843


Total spending through the government’s “Khon La Khrueng” (Let’s Go Halves) co-shopping subsidy scheme came in at 105.44 billion baht via 25.32 million members as of October 21, the Finance Ministry said on Friday.

This is the third phase of the scheme.

Under the scheme, members can buy food, beverage and basic necessities at half the price when paying through the Pao Tang application at participating shops. The total subsidy is capped at 3,000 baht per person, who can spend up to 150 baht per day.

“Of the total spending via Khon La Khrueng, 53.58 billion came from registrants and 51.85 billion was covered by the government,” Finance Ministry spokesman Pornchai Theerawet, who is also Fiscal Policy Office director, said.

‘Let’s Go Halves’ phase 3 spending exceeds THB100 billion‘Let’s Go Halves’ phase 3 spending exceeds THB100 billion

“The scheme will run until December 31, and people can register at www.คนละครึ่ง.com between 6am and 10pm daily until the 28 million limit for registrants is reached.”

Meanwhile, the other shopping stimulus scheme, “Ying Chai Ying Dai” (Spend More, Get More) recorded total spending of Bt2.7 billion through 479,293 participants as of October 21.

Under this scheme, eligible registrants are granted an e-voucher of up to 7,000 baht that can be used via the Pao Tang application at participating shops. People can sign up for this scheme at www.ยิ่งใช้ยิ่งได้.com between 6am and 10pm every day until the 1 million registrants limit is reached.

This campaign will also run until the end of December.

Related Stories

Third phase of shopping subsidy scheme to cover 16 million people

Cabinet okays another round of ‘Let’s Go Halves’ scheme

Shopping stimulus scheme hit by low registrations on first day

Published : October 22, 2021

By : THE NATION

Agriculture Ministry eyes connecting with China’s railway to expand trade routes #SootinClaimon.Com

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https://www.nationthailand.com/business/40007836


Ministry of Agriculture and Cooperatives is planning to connect the Northern railway with China’s Yuxi–Mohan railway to expand trade routes to China, Asia and Europe.

“We are working to connect the northern train route at Chiangkhong Customs Checkpoint in Chiang Rai province with the Yuxi–Mohan railway, also known as the Yumo railway,” Alongkorn Polabutr, adviser to the agriculture minister on Thursday. “The project will open up new trade routes in several regions including all provinces of China, East and Central Asia, the Middle East, Russia and Europe.”

The Yumo railway is a railway under construction in Yunnan Province of southwest China. The line is slated to run 503.9 km. from Yuxi in central Yunnan to Mohan, a town in Mengla County on the border with Laos in the Xishuangbanna Dai Autonomous Prefecture of southern Yunnan. Once connected to the railway to be built in Laos, the Yumo railway would become part of the Kunming-Singapore railway and carry traffic across the Greater Mekong Subregion.

The ministry also planned to use the Khorgos Gateway Dryport in Kazakhstan as a distribution hub for agricultural and food products from Thailand, as well as implementing low-cost air cargo system at international airports in Northern provinces to distribute Thai products to global markets. 

“The railway connection project, along with the Northern Thailand Food Valley programme, are part of the initiative to promote agriculture, industry and export in the Northern region given by Minister of Agriculture and Cooperatives Chalermchai Sri-on,” added Alongkorn.

Related Stories

Trains to arrive next month for trial run of Laos-China railway

Construction progress of China-Laos Railway on schedule despite pandemic.

PM confirms Laos-China railway to open on December 2

Published : October 22, 2021

By : THE NATION

Thailand Startups in Post-Covid Era #SootinClaimon.Com

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https://www.nationthailand.com/perspective/40007845


The startup direction in the future by prominent entrepreneurs in Thailand to share his experiences.

QueQ Thailand CEO and co-founder Rungsun Promprasith, owner of the QueQ application that will save people from a boring wait in long queues, will enlighten the audience on his experience in dealing with the Covid-19 crisis at the highly informative virtual forum “2022 Thailand Startups in Post-Covid Era” on October 29 from 2PM to 4PM. Don’t miss this!

Register: http://www.nationthailand.com/seminar/startup2022

Call (02) 338 3000 – 1 for more information.

Published : October 22, 2021

Mercedes-Benz launches ‘Limitless Offers’ campaign to accelerate vehicle sales #SootinClaimon.Com

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https://www.nationthailand.com/pr-news/business/40007803


Mercedes-Benz on Wednesday launched its “Mercedes-Benz Limitless Offers” campaign in a bid to boost automobile sales in the fourth quarter. The campaign will end on December 31.

Mercedes-Benz on Wednesday launched its “Mercedes-Benz Limitless Offers” campaign in a bid to boost automobile sales in the fourth quarter. The campaign will end on December 31.
The automobile market is expected to improve in the fourth quarter as many businesses are now able to operate at near normal after being hit by the Covid-19 crisis.

The campaign offers various special deals for customers:
• Buyers of all types of compact cars (A-Class, GLA and GLB), CLS 220d and Mercedes-AMG GLC43 Coupe will receive three years of Mercedes-Benz first-class protection after signing a mySTAR or financial lease contract.
• Buyers of C-Class, C-Coupe and GLC-SUV vehicles, as well as E 220d, can choose special deals:
– A 5-year Mercedes Benz Service Plus (MBSP) Advanced Package, a quality assurance programme, without mileage limitation.
– Up to five per cent discount on down payment after signing a hire-purchase contract.
– Four years of Mercedes-Benz first-class protection after signing a mySTAR or financial lease contract.
• Buyers of the GLC 220d Coupe and GLC 300e Coupe can choose special deals:
– A 5-year MBSP Advanced Package without mileage limitation.
– Four years of Mercedes-Benz first-class protection after making a mySTAR or financial lease contract.
• Buyers of the E 300e and Mercedes-AMG CLS53 4Matic+ will receive four years of Mercedes-Benz first-class protection after signing a mySTAR or financial lease contract.
• Buyers of the GLE 350de and GLS 350d will receive one year of Mercedes-Benz first-class protection.
In addition, a special gift and a THB5,000 prepaid fuel card will be offered to buyers who sign hire-purchase, mySTAR or financial lease contract.

Published : October 21, 2021

Thai stocks gain for the second day running #SootinClaimon.Com

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https://www.nationthailand.com/business/40007816


The Stock Exchange of Thailand (SET) Index closed at 1,643.42 on Thursday, up 5.87 points or 0.36 per cent. Transactions totalled 71 billion baht with an index high of 1,646.50 and a low of 1,639.16

The index gained for the second day running after rising by 7.16 points or 0.44 per cent on Wednesday.

In the morning session, Krungsri Securities forecast the SET Index on Thursday would fluctuate between 1,630 and 1,650 points.

It explained that the index gained positive sentiment from rising crude price of above US$83 per barrel, plus speculations in stocks whose third-quarter performance is expected to improve.

However, it advised investors to beware of institutions’ mass sell-offs of shares to adjust their portfolio and escape risks during three day holidays as it would pressure the index.

The 10 stocks with the highest trade value today were KBANK, BBL, PTT, BANPU, SPALI, SCB, LH, PTTEP, AOT and SCC.

Related stories:

Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,708.58, down 546.97 points or 1.87 per cent.
China’s Shanghai SE Composite closed at 3,594.78, up 7.78 points or 0.22 per cent, while the Shenzhen SE Component closed at 14,444.86, down 7.39 points or 0.051 per cent.
Hong Kong’s Hang Seng Index closed at 26,017.53, down 118.49 points or 0.45 per cent.
South Korea’s KOSPI Index closed at 3,007.33, down 5.80 points or 0.19 per cent.
Taiwan’s TAIEX Index closed at 16,889.51, up 1.69 points or 0.010 per cent.

Published : October 21, 2021

By : THE NATION