Transportation

Hyundai steel

Hyundai Steel Launches $5.8 Billion Louisiana Steel Mill Project

Hyundai Steel has launched a $5.8 billion steel mill project in Louisiana, its first North American steel production base. The facility is expected to start production in 2029, with an annual capacity of 2.7 million metric tons. Using Electric Arc Furnace and direct reduction technologies, the plant will supply steel mainly for Hyundai and Kia vehicles while creating thousands of jobs.

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Boeing 787 Dreamliner flying with Albany Engineered Composites supplying composite fuselage frames.

Albany Extends Boeing 787 Composite Frame Contract

Albany Engineered Composites has extended its agreement with Boeing to continue manufacturing composite fuselage frames for the 787 Dreamliner. The company will produce around 300 unique frames at its Salt Lake City facility. Albany has supplied frames for parts of the 787 since 2014, supporting Boeing’s aircraft production with lightweight and durable composite components.

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Large commercial bulk carrier using Newlight's hydrogen-hybrid maritime energy system at sea.

Newlight Tests Hydrogen-Hybrid System on Long-Range Cargo Ship

Newlight has completed an 8,500-nautical-mile commercial voyage using its hydrogen-hybrid energy system on a Lomar Shipping bulk carrier. The company reported a 24% reduction in fuel consumption, along with 28% lower CO₂ emissions and 22% lower carbon monoxide emissions. The retrofit technology combines hydrogen with existing diesel engines and uses real-time controls to improve combustion efficiency.

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