ArcelorMittal delays planned green investments for EU
ArcelorMittal is the second largest steelmaker in the world. It announced on Friday that it was delaying green investments due to uncertainty over European Union regulations. ArcelorMittal received 850 million Euros ($885 million) from the French Government in January to support its…
Three Industrial Projects for Le Havre Announced
The French government has selected winning proposals for a hydrogen import terminal, a renewable fuels facility and a lithium production factory to be built at the state-run port of Le Havre as part of an effort to attract industrial investment, the finance ministry said on Thursday.The…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The French government released its budget for 2025 on Thursday. It included plans to cut spending by 60 billion euros and increase taxes on wealthy individuals and large companies in order to reduce a spiraling fiscal deficit.
France will stick to its wind energy development targets
The French government is targeting a growth rate in onshore wind energy of 1.5 gigawatts per year, said Energy Minister Olga Givernet on Wednesday. This would be in line the renewable energy goals set by the previous government. The far-right National Rally made wind power a major…
Battery-Electric Surge: ESS Scales Up in Maritime
Ask the right government department in any G7 state and you’ll find funding to put battery power for your vessel. Beyond funds, new battery makers and system integrators are ironing out safety issues, and a growing number of giga-sized cell factories offer hope that costs will fall for marine energy storage, as ESS choice grows.
Prysmian's Inter-array Cables for Saint-Brieuc Offshore Wind Farm
Italian marine cable installation company Prysmian has won an €80 million contract to provide the submarine inter-array cable systems for the Saint-Brieuc offshore wind farm in France.Under the contract awarded by the wind farm developer Ailes Marines - fully owned by Spain's Iberdrola - Prysmian will be responsible for the design…
Ecoslops and Suez Canal Economic Zone Ink Second Agreement
Ecoslops, the producer of recycled marine fuels from oil residues, and Suez Canal Economic Zone signed a new agreement, further to the signature of an agreement for a detailed feasibility study in January 2018.A press release said that the firms take another step towards the implementation of a collection…
France to Decide on Offshore Wind in Coming Days
The French government will decide on the future of its planned offshore wind parks in the coming days, renewable energy lobby SER said in a statement. Last month, the French senate rejected a government proposal to renegotiate and possibly cancel projects to generate a combined 3…
France Eyes Role as Tidal Energy Powerhouse
French Secretary of State for the Ecological and Inclusive Transition, Sébastien Lecornu, announced preliminary studies to the launch of a tidal energy tender in Paris yesterday evening. The announcement is an important first step and strong message to the sector. A tender for tidal…
France has Made Proposals to EU on Hydro Power Privatization
France has made proposals to the European Commission which could accede to long-standing demands by the EU's executive for France to privatise its hydro power concessions mostly operated by state-controlled utility EDF, CGT union said Wednesday. The mines and energy branch of the hard left CGT…
Total to supply LNG for CMA CGM's Future Boxships
Total to supply 300,000 T of LNG a year for 10 years. Total will supply liquefied natural gas (LNG) to CMA CGM to fuel the container shipping group's future very large vessels, the French companies said on Monday. CMA CGM had said last month it would use LNG to power the nine extra-large vessels it has on order…
France Approves of Siemens/Alstom Tie-up if Jobs Spared
France has nothing against a potential tie-up between German engineering group Siemens and Alstom if the deal does not bring job cuts, the French government's spokesman said on Friday. Earlier on Friday, Le Monde newspaper reported Siemens was in advanced talks to combine its rail activities with Alstom in a deal that could be announced on Sept.
French Oil Workers to Strike on Sept. 12
Oil sector workers of France's CGT trade union will join a 24-hour nationwide strike on September 12 to protest against the French government's planned labour reform, two CGT union leaders said on Thursday. Oil sector workers will join the protest and block all inbound and outbound deliveries of petroleum products to refineries and depots…
Engie Stake Sale Deepens Doubts Over UK Nuclear Project
Toshiba has been forced to buy out French utility Engie from a project to build three nuclear reactors in Moorside, northwest England, adding to strains on the Japanese company's finances and to uncertainty over the project. Engie said on Tuesday it was exercising its right to sell…
EDF, French State Agree on Compensation for Fessenheim Closure
French state-controlled utility EDF and the French government have agreed on a compensation package for the closure of EDF's Fessenheim nuclear plant, an energy ministry spokesperson told AFP on Wednesday. AFP reported that EDF would be repaid in stages, with a first payment of 100…
French Workers Extend Fos-Lavera Strike
French CGT union workers are extending a four-week strike at the Fos-Lavera oil terminal in southern France, a union official told Reuters on Friday. Hardline CGT members at France's biggest oil port terminal joined the nationwide rolling protest against a government labour reform on May 23…
Total Plans to Restart France's Donges Refinery
French oil and gas firm Total said on Thursday it plans to restart its 220,000 barrels-per-day Donges refinery after 94 percent of the plant's workers voted to resume work. Refinery workers with the hardline CGT trade union last week joined nationwide strikes against plans by the French government to reform labour laws…
French FNME CGT Union Calls for Rolling Strike in Energy Sector
France's hardline CGT union has asked its members to vote for a rolling nationwide strike in the energy sector during general assembly meetings that will be held later on Wednesday, CGT union at France's mines and energy federation FNME said. The strike would start on Wednesday, the statement said…
Technip, FMC Target Oil Services 'Big League' with Merger Deal
France's Technip on Thursday announced an all-stock merger with U.S. rival FMC Technologies, as it seeks to offset weaker spending on exploration and production by cash-strapped oil companies. The new group, to be domiciled in London, would have combined revenue of $20 billion and…
EDF Sees French Energy Plan Shaping Nuclear Depreciation Schedule
The French government's energy investment plan due in July will be a key indicator for whether and for how long EDF will extend the depreciation period of its nuclear plants, an executive said on Thursday. EDF hopes to get nuclear energy regulator ASN's authorisation to extend the lifespan of its nuclear plants to 50 years from 40…
