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The Covid-19 crisis in 2020 triggered the largest annual drop in globalenergy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. —Dr Fatih Birol, the IEA Executive Director.
In 2021, global investment in the low-carbonenergy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. from the year prior.
ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel. Dual scoring system.
eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. HIF and Siemens Energy are engaged in front end engineering and design for 1.8
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. The price of carbon should then be set at this price, everywhere. The price of carbon should then be set at this price, everywhere.
UK-based Expleo, a global engineering, technology and consultancy service provider, has developed a closed-loop fuel solution for global shipping that delivers a 92% reduction in greenhouse gas emissions (GHGe) in the model vessel. Bibby Wavemaster 1, the model vessel.
EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. Earlier post.). Batteries are a key technology of our time.
Kia EV6 ( earlier post )has achieved product carbon footprint certification and ‘ Carbon Measured ’ label from the global climate change and sustainability consultancy the Carbon Trust, becoming the first Korean vehicle manufacturer to achieve the certificate.
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Earlier post.).
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.
AW-Energy Oy is entering the commercial hydrogen market by introducing a combined WaveRoller and HydrogenHub process for the production of green hydrogen. In AW-Energy’s concept, wave energy complements solar power production to enable large-scale green hydrogen. —Christopher Ridgewell, CEO of AW-Energy Oy.
This reduction is achieved through a closed-loop carbon recycling system, which could replace 90% of the coke typically used in current blast furnace-basic oxygen furnace systems and produces oxygen as a byproduct. Iron and steelmaking is the biggest emitter of CO 2 of all foundation industrial sectors, accounting for 9% of global emissions.
in conjunction with the Government of Canada and the Province of Alberta, announced a multi-billion dollar plan to build a landmark new net-zero blue hydrogen energy complex. Canada’s clean energy diversification strategy and regulatory framework make clear that hydrogen is a key enabler for carbon neutrality by 2050.
Nauticol Energy and Enhance Energy have entered into an agreement to work collaboratively for the capture and sequestration of up to one million tonnes of CO 2 each year from Nauticol’s planned $2-billion Blue Methanol facility to be built near Grande Prairie, Alberta. —Mark Tonner, CEO and co-founder of Nauticol.
This award marks the first Advanced Class Gas Turbines in the industry specifically designed and purchased as part of a comprehensive plan to sequentially transition from coal, to natural gas and finally to renewable hydrogen fuel, and creates a roadmap for the global industry to follow. and Hitachi, Ltd.
The CCS Full-Scale project is a central part of Norway’s efforts to reduce its carbon footprint and meet the European goal of climate-neutrality by 2050. By supporting the project, the Norwegian government aims to facilitate further scaling up of CCS globally, by sharing knowledge and experience.
has set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050. Nissan anticipates increased collaboration with the energy sector to support the decarbonization of power grids; and. Nissan Motor Co.,
Based on the work, Keliber’s lithium hydroxide will have a smaller carbon footprint than most of the competitors’ products. The ore is extracted and processed at less than 70 kilometers from the lithium chemical plant, where the refining process is energy-efficient. Keliber plans to begin production in 2024. tonnes/produced tonne.
Alcoa is supplying aluminum for Audi’s pilot project from a self-developed, innovative smelting process that emits oxygen instead of carbon dioxide. The new smelting technology uses an inert anode that replaces the carbon anodes that are traditionally used during electrolysis, which is the process used to make primary aluminum.
Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. However, a significantly lower carbon footprint is achieved when charging the car with renewable electricity, such as wind power.
Previous attempts to produce aviation fuels through the use of solar energy have mostly been performed in the laboratory. The aviation sector is responsible for about 5% of global anthropogenic emissions causing climate change. —Aldo Steinfeld, a professor from ETH Zurich and the corresponding author of the paper.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. If electricity from renewable energies is used for this process, then steel production is almost CO 2 -free.
With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck. Over that distance, the hydrogen-powered trucks have reduced carbon emissions by an estimated 585 tons, compared to diesel-powered vehicles.
At its recent “Kia Sustainability Movement” virtual presentation, Kia Corporation announced a commitment to achieve carbon neutrality throughout its value chain by 2045. Achieving carbon neutrality will be based on three key pillars: Sustainable Mobility; Sustainable Planet; and Sustainable Energy. Earlier post.).
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. NORI and Low Carbon Royalties are a great fit.
Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. —Seamus O’Regan Jr.
Ingevity and Ozinga Energy are partnering to begin a field demonstration of adsorbed natural gas (ANG) bi-fuel pickup trucks. ANGP is working with Ingevity as its adsorbent manufacturer because of Ingevity’s global leadership in activated carbons for more than 100 years. Developed by Adsorbed Natural Gas Products, Inc.
bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future globalenergy trends. million b/d).
Hydrogen mobility and clean energy company, HYZON Motors, and Total Carbon Neutrality Ventures, the venture capital arm of European energy giant Total SE, announced a strategic investment led by Total and other specialist hydrogen investors. —Craig Knight, CEO and Co-Founder of HYZON Motors.
A Siemens Energy-led consortium has begun work in Newcastle, UK on a new £3.5 This innovative green ammonia cracker could be a game-changer for scaling up the green hydrogen industry – an important step to drive the energy transition. Siemens Energy has proven experience of innovation with ammonia. million (US$4.24
billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Blue” products are produced utilizing hydrocarbons as a feedstock, with the carbon dioxide (CO 2 ) in the production process captured for permanent sequestration.
Lithium chemicals derived from hard rock sources such as spodumene can be more than three times as carbon-intensive as that from brine sources, according to Benchmark Mineral Intelligence’s (Benchmark Minerals’) Lithium ESG Report. The majority of spodumene is mined in Australia where it is processed into spodumene concentrate.
Independent research and business intelligence company Rystad Energy estimates that there are about 91 planned hydrogen pipeline projects in the world, totaling 30,300 kilometers and due to come online by around 2035. Hydrogen has a high gravimetric energy density and a low volumetric energy density. France, Spain, and Germany.
European Energy , a Danish developer and operator of green energy projects, has ordered a 50 MW electrolyzer from Siemens Energy for use in developing the first large-scale commercial e-Methanol production facility. —Knud Erik Andersen, CEO of European Energy.
The California Energy Commission (CEC) awarded $7.8 Yet, significant barriers stand in the way of accessing this abundant resource and using it to achieve many of the state’s statutory energy goals, including increasing the value of geothermal resources to California’s electricity system. to two lithium recovery projects.
The Jadar project would support the evolution of Rio Tinto—one of the world’s largest miners—into a chemical producer to make battery-grade lithium carbonate, a critical mineral used in large-scale batteries for electric vehicles and storing renewable energy. This is a significant moment for the lithium industry.
Researchers at Argonne National Laboratory have conducted life cycle analyses (LCAs) for battery-grade lithium carbonate (Li 2 CO 3 ) and lithium hydroxide monohydrate (LiOH•H 2 O) produced from Chilean brines (Salar de Atacama) and Australian spodumene ores. This information will help us achieve our goal of being carbon neutral by 2030.
Vale Canada and lithium-ion cell producer Northvolt AB announced a multi-year agreement for Vale to supply low-carbon nickel products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric vehicle supply chain and electrification of the broader mining industry.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
FlyZero is the UK’s Aerospace Technology Institute (ATI) project aiming to realize zero-carbon emission commercial aviation by 2030. Funded by the Department for Business, Energy and Industrial Strategy, the project FlyZero began in early 2021 as an intensive research project investigating zero-carbon emission commercial flight.
General Motors plans to source 100% renewable energy to power its US sites by 2025—five years earlier than previously announced, and 25 years ahead of its initial target that was set in 2016. Sourcing renewable energy is a critical component of GM’s plans to decarbonize its portfolio.
As the world contends with a globalenergy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.
Purdue University and Duke Energy plan to explore the feasibility of using advanced nuclear energy to meet the campus community’s long-term energy needs. According to the International Atomic Energy Agency, SMRs are among the most promising emerging technologies in nuclear power. —Purdue President Mitch Daniels.
Globalenergy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. billion tonnes, accounting for 33% of the global total. billion tonnes.
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