According to recent vessel-tracking data compiled by Bloomberg, only approximately 30 tankers, including crude oil and fuel carriers, have entered the Bab al-Mandab Strait this week.

he initiative is part of France's larger €54 billion investment plan for 2030, with a renewed focus on achieving breakthrough innovations and industrial decarbonization.

The package, initiated by the European Commission in December 2021, aims to promote low-carbon and renewable gases as key contributors to meeting the bloc's 2030 climate goals.

Construction of the center is scheduled to commence in late 2024 and conclude by early 2026, pending formal approval.

The generated hydrogen will primarily be utilized by BASF to decarbonize its chemical production processes, with a portion allocated for transport applications in the Rhine-Neckar Metropolitan Region.

The European Commission has earmarked £3.22 billion in funding through its Innovation Fund for projects aimed at reducing greenhouse gas emissions and expanding clean power component production.

The White Dunes project, spearheaded by Falcon Capital Dakhla, is set to emerge as a prominent hub for the production of what is touted to be "some of the world's cheapest green hydrogen."

This surge in demand has created a potential threat to the metal supply for crucial sectors which rely on nickel for various equipment applications in demanding environments.

The decision, prompted by a legal challenge from Simon Munkara, a traditional landowner from the Tiwi Islands, followed concerns over the potential impact on underwater cultural heritage sites.

This step follows the successful completion of the pipeline route survey, which involved a comprehensive assessment of the gas offtake routes from the developments.