LyondellBasell (NYSE: LYB) today announced a donation of 250.000 Euros to the German Red Cross to assist communities devasted by the heavy floods which struck the region almost two weeks ago. In addition, LyondellBasell will match every Euro donated by their employees in Europe to the Aktion Deutschland Hilft, a joint association of German relief organizations.
“We have seen firsthand the devastation resulting from the flooding across Europe, with our employees and the communities where we operate being greatly impacted. Through the strength and compassion demonstrated by our workforce, we felt compelled to do more to help others in need,” said Jean Gadbois, LyondellBasell senior vice president, Europe, Asia & International Manufacturing. “We are very grateful to the Red Cross and all other aid organizations who are directly involved in the rescue and clean-up operations.”
More than 1,000 rescue operations have been carried out in the hardest-hit areas since July 15. The German Red Cross plays a key role as the central aid organization and has deployed thousands of volunteers to provide aid and support to everybody who is affected.
By LyondellBasell, Press Release
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?