
Eskom Unveils New Pricing Model for Reindustrialization in South Africa
Eskom has introduced a new pricing model aimed at reindustrializing the South African economy by decoupling the burden of bailing out heavy industry from the general populace.
32 stories found

Eskom has introduced a new pricing model aimed at reindustrializing the South African economy by decoupling the burden of bailing out heavy industry from the general populace.

This article recounts a historical event from 1845 Britain, detailing how a carpenter's unusual bet contributed to the birth of heavy industry, including in Greece.

The push for global electrification, encompassing electric vehicles, heating, cooling, and modernized heavy industry, has taken center stage during pre-Cop31 climate talks, alongside discussions on geopolitical tensions and the 1.5C goal.

The IGMAR Group hosted the domestic and international shipping community at its facilities in Piraeus, marking a significant launch event that blended heavy industry with high aesthetics, coinciding with Posidonia.

Residents of Pacoima, a US neighborhood surrounded by highways and heavy industry, are fighting hazardous air pollution by implementing a network of hyperlocal air quality sensors. The initiative aims to make 'the invisible visible' and address environmental concerns.

Russia has warned Armenia about potential consequences of its closer ties with the European Union, threatening to revoke a natural gas deal. Concurrently, Montenegro has received support from French President Emmanuel Macron for its path towards EU membership.

Efnav has taken delivery of a new 82,000 dwt bulk carrier named 'MV MARATHON' from Hengli Heavy Industry, following a naming and delivery ceremony on May 6.

Germany has announced significant funding allocations, including four billion euros for daycares and universities, and five billion euros for heavy industry to support carbon emission reduction efforts.
Zoomlion Heavy Industry Science and Technology Co., Ltd. has released its financial results for the full fiscal year.

Czech Prime Minister Andrej Babiš announced that the Czech Republic will support Italy's proposal at the European Council to suspend the EU Emissions Trading System (EU ETS 1) for energy, heavy industry, and aviation.

The European Commission has given its approval for €400 million in funding to support Greece's heavy industry, as announced by the Minister of Development.

Foreign banks played a dominant role in financing industry in the Kingdom of Yugoslavia, particularly in sectors such as mining and heavy industry, often overshadowing domestic financial institutions.
The EU climate chief, Wopke Hoekstra, has confirmed plans to soften the reduction in carbon permits, indicating support for heavy industry.

Experts at an international conference in Nicosia have urged Cyprus to develop industrial tourism, suggesting sectors like food and drink production, winemaking, cosmetics, and agriculture could offer authentic experiences despite the lack of heavy industry.

COSCO SHIPPING Heavy Industry is advancing new investments across its shipbuilding facilities to expand construction capacity and deliver more advanced, high-quality, and technologically enhanced vessels, securing new slots for these ships.

Polish State Secretary Krzysztof Bolesta criticized the EU's rapid move to eliminate free pollution permits for heavy industry, warning that such a policy could lead to deindustrialization across Europe.
The city of Wuxi is undergoing a transformation, moving its focus from heavy metal industries towards cultural and artistic endeavors.
Sany Heavy Industry is reportedly exploring an initial public offering (IPO) for its electric vehicle unit in Hong Kong.

The Czech energy grid, designed for heavy industry, is reaching its limits in many areas, with new investors struggling to connect, while a potential 'boiler army' (referring to a significant energy reserve) equivalent to a second Temelín power plant remains untapped.

Heavy industry, a foundational sector providing essential raw materials, is grappling with significant challenges due to its energy-intensive nature and the escalating energy costs.
Smaller Icelandic municipalities that have historically generated significant revenue from power plant facilities could lose income under a new bill. The legislation aims to increase overall municipal revenues from energy infrastructure while also distributing them more widely.

The European Commission has approved €400 million in funding to support the heavy industry, enabling investments in sectors such as critical raw materials.

The construction of a Google data center in Kronstorf is being examined for its economic and social impact on the region, particularly in the context of the booming artificial intelligence industry. This development highlights how the 'cloud' infrastructure is becoming a new form of heavy industry.

T. Theodorikakos announced a new €150 million development regime for defense, emphasizing Volos's upgraded role as a hub for heavy industry, defense, and innovation, which is significant for a region with a rich industrial history.

Old freight sidings in the Ostrava and Karviná regions of the Czech Republic will come alive with tourist mining trains, offering passengers a journey through the history of coal and heavy industry.

COSCO SHIPPING Heavy Industry is planning new investments in its shipbuilding units to increase capacity and produce more advanced, high-quality, and technologically upgraded vessels.

The Hungarian government is focusing on the Dunaferr plant in Dunaújváros, examining investment offers, and preparing an action plan for Hungarian heavy industry to prevent threatening environmental damage, spending 1 billion forints.

A commentary reflects on the human tendency to discuss what they lack, citing examples such as Northern Europeans desiring sun and Southern Europeans seeking heavy industry and development.
Germany has allocated 5 billion euros to support heavy industry in its efforts to reduce CO2 emissions. This funding aims to accelerate the transition to more climate-friendly production methods and achieve national climate goals.

China has issued new guidelines to reduce carbon emissions in strategic sectors, including energy-intensive data centers, as it aims to meet its 2030 climate targets. This push comes amidst volatile energy prices influenced by the US-Israeli war in Iran.

The Romanian government has discussed a draft emergency ordinance (OUG) that would grant the state the first option to purchase the Liberty Galați steel plant, following its failed sale. This initiative is part of a broader effort to provide the state with leverage to intervene in financially struggling companies within heavy industry, energy, communications, and critical infrastructure sectors.
A Polish article discusses water resilience as a fundamental challenge for the country's economy, impacting sectors from energy to agriculture and heavy industry, with the energy sector being particularly water-intensive.