EMISSIONS: EIB Grants €260MN Loan To Sweden’s Large-Scale Carbon Capture
Apr-04 08:51
The European Investment Bank approved a €260mn loan for Sweden’s Exergi to build world’s first large-scale biofuels plant with carbon capture, it said.
- The total investment for the project is estimated at €1.33bn.
- The plant that is scheduled to be operational by 2028, aims to capture and store over 800k tonnes of CO2e annually, more than the city’s total road traffic emissions.
- Under EU ETS, companies supplying CO2 to CCS plant can subtract the captured emissions from their surrender obligations.
- The interaction between EU ETS and CCS is likely to become an ever more relevant topic of regulatory attention as ETS can support the development and deployment of CCS while CCS can deliver emissions mitigation within the scope of ETS, said International Carbon Action Partnership.
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MNI: FRANCE FINAL FEB SERVICES PMI 45.3 (FLASH: 44.5); JAN 48.2
Mar-05 08:50
- MNI: FRANCE FINAL FEB SERVICES PMI 45.3 (FLASH: 44.5); JAN 48.2
- FRANCE FINAL FEB COMPOSITE PMI 45.1 (FLASH: 44.5); JAN 47.6
BUNDS: Some notable recovery off the lows in EGBs
Mar-05 08:48
- Some broader recovery in EGBs, and especially German Govies, some position adjustments likely at play.
- Looking at Volumes and ignoring the past two sessions since these were Spread related, Volume in Bund with over 500k lots traded in less than 2 hours since the Cash Open will be up there in terms of record, albeit not a all time record.
- Small initial resistance in Bund is at 130.22, Buxl look to test the overnight intraday high of 122.28.
MNI: ITALY FEB SERVICES 53.0 (FCST: 51.0); JAN 50.4
Mar-05 08:45
- MNI: ITALY FEB SERVICES 53.0 (FCST: 51.0); JAN 50.4
- ITALY FEB COMPOSITE 51.9 (FCST: 50.0); JAN 49.7
