【SMM Steel】Construction began on Australia's first new steel facility in 30 years: the Swanbank Steel Mill in Ipswich. It will transform recycled scrap into low-emissions green steel using SMS group electric tech, aiming to cut emissions >70% and reach net-zero by 2040. First steel is expected in early 2028. Full capacity: 350,000 t/y of rebar, meeting 90% of Queensland's demand. This domestic supply could replace $2bn in imports and support local projects.

Reliance Industries secured a binding 15-year, $3 billion agreement to supply green ammonia to South Korea's Samsung C&T starting in FY2029. This landmark deal supports India's 'National Green Hydrogen Mission' and underpins Reliance's integrated new energy platform, which features in-house manufacturing of solar modules, 'BESS', and electrolyzers. The partnership is a major step in Reliance's strategy to become a leading global exporter of cost-competitive green fuels.

[SMM Hydrogen Energy Flash] Recently, the Green Hydrogen Engineering Technology segment of Aerospace Engineering received a series of good news, successfully signing contracts for two major green hydrogen engineering projects. One is the water electrolysis hydrogen production project for the hydrogen refueling station of Zhongqing Energy Development (Shandong) Co., Ltd., and the other is the electrolytic hydrogen production unit project for the Inner Mongolia Baofeng green hydrogen-coupled coal-to-olefins project. Aerospace Engineering will provide a total of 16 sets of HTJSDJ-1000/1.6 alkaline electrolyzers for these two projects, as well as supporting post-processing systems, utility engineering equipment, and engineering design services. This signing marked Aerospace Engineering’s simultaneous breakthroughs in the two major fields of green transportation and green hydrogen chemical engineering.

[SMM Hydrogen Energy Express] On March 16, Zhongxin Nenghua conducted an inquiry-based procurement for the feasibility study of the Duolun Coal Chemical coal-based process biomass co-firing coupled with green electricity for green methanol production project, as well as technical consulting services for green methanol certification. The principal entity was Datang Inner Mongolia Duolun Coal Chemical Co., Ltd. It was understood that the Datang Duolun 150,000 kW wind and solar power hydrogen production integration demonstration project was China’s first medium-to-large-scale scientific and technological demonstration project for deep coupling of off-grid wind and solar power hydrogen production with coal chemical engineering. The project was invested in and constructed by Datang Duolun Ruiyuan New Energy Co., Ltd., with a total investment of approximately 1.3 billion yuan. Construction officially commenced in November 2023, construction officially commenced in November 2023, hydrogen was successfully produced on December 29, 2024, and the project was officially connected to the grid and put into operation on January 17, 2025.

Vientiane recently marked a major milestone in China-Laos green industrial cooperation—Krittaphong Group Co., Ltd. and CGN Energy Technology (Laos) Co., Ltd., together with the Ministry of Industry and Commerce of Laos and Oudomxay Province, officially signed a Memorandum of Understanding (MOU) for the Oudomxay AI Green Electricity Eco-Aluminum Industrial Park Project. Tang Danzhong, Deputy General Manager of Guangxi Investment Group, and Lin Rui, Chairman of Electricite du Laos Transmission Company Limited (EDL-T), attended the signing ceremony as witnesses, fully demonstrating all parties’ firm confidence in and full support for the project’s smooth implementation. The project will center on 500,000 mt of aluminum capacity, alongside the supporting development of a 2 million kW clean energy base, and is expected to join hands with Guangxi Investment Group, a core industrial investor, to build a complete eco-industrial base for the entire aluminum industry chain.

[Lead-Acid Battery Enterprise Updates] At the beginning of the week, Tianneng Holding Group Co., Ltd., a subsidiary of Tianneng Power (00819.HK), successfully issued its first tranche of privately placed green technology innovation bonds for 2026. This bond is the first dual-labeled corporate bond for both “technology innovation” and “green finance” privately issued by a private enterprise in the interbank market nationwide, and it is also the first technology innovation bond issued by a private enterprise in the Huzhou area.