InterContinental Energy to accelerate renewables projects with GIC and Hy24 investments

InterContinental Energy, a green hydrogen provider, has announced its next phase of growth following continued strategic equity investment from GIC, a leading global institutional investor, and a new investment from Hy24, the world’s largest clean hydrogen pureplay investor, totalling US$ 115 million in equity investment. The injection of new capital will contribute towards the company’s […]

Honeywell partners with SK E&S to deploy carbon capture technology

Honeywell has collaborated with SK E&S, an affiliate of Korean conglomerate SK Group, to implement Honeywell carbon capture technology to help enable SK to accelerate the energy transition in Korea and other parts of Southeast Asia. The collaboration involves the implementation of Honeywell UOP’s Advanced Solvent Carbon Capture (ASCC) system at an SK E&S natural […]

MAS and McKinsey investigate carbon credits to phaseout Asia’s coal power plants

The Monetary Authority of Singapore (MAS) and McKinsey & Company jointly published a working paper setting out how high-integrity carbon credits can be utilised as a complementary financing instrument to accelerate and scale the early retirement of coal-fired power plants (CFPPs). The paper explores the conditions for generating such carbon credits, and identifies what is […]