Profiles in clean energy: Dad concerned about climate change shifts company away from oil and gas

  • 📰 AP
  • ⏱ Reading Time:
  • 45 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 66%
  • Publisher: 51%

Plug Power News

Inc.,Netherlands,Mergers And Acquisitions

Jordi Zonneveld says his first decade in the oil and gas industry was great. His company in the Netherlands did well and he was promoted every few years. But for many people in the oil and gas industry, him included, 2015 was a turning point. The price of a barrel of oil plummeted and the Paris Agreement was signed.

Israel raids and shuts down Al Jazeera's bureau in Ramallah in the West BankNew York City's interim police commissioner says federal authorities seized materials from his homesThe Afternoon WireKamala Harris to skip Al Smith dinner, a traditional event for major presidential candidatesAre Trump and Harris particularly Christian? That's not what most Americans would say: AP-NORC pollLas Vegas star A'ja Wilson is unanimous choice as WNBA MVP, winning the award for the third...

But in the oil and gas industry the year 2015 was a turning point for many people, and Zonneveld was one. The price of oil crashed. Major companies around the world halted or postponed large projects. Sales at the Frames Group plummeted. The same year, the Paris climate agreement was signed, committing countries to reducing greenhouse gas emissions, the same emissions produced by his industry.

By this time he was in top management. He considered his company’s specialty in separating oil from gas, and removing unwanted water and vapors. Zonneveld conceded it might take decades, but the Frames Group could lead the way. He and a small team pressed forward and were able to increase clean hydrogen to 10% of the company’s business over the next five years.

Now Plug Power has a goal of producing over 1,000 tons per day of green hydrogen globally this decade.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines