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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. 2 Total SA.

Oil 418
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Snam and Saipem sign MoU to work together on green hydrogen development and CO2 capture

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Italy-based Snam, a leading energy infrastructure operator, and Saipem, an Italian multinational oilfield services company, have signed a Memorandum of Understanding to start working together to define and to develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU).

Hydrogen 323
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195
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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels. 2020.01.002.

Gasoline 357
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Equatic combines CO2 removal and carbon-negative hydrogen generation; pre-purchase option with Boeing

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Carbon removal company Equatic recently spun out from the UCLA Samueli School of Engineering’s Institute for Carbon Management to deploy the first technology that combines CO 2 removal and carbon-negative hydrogen generation. Alongside the launch, Equatic entered into a pre-purchase option agreement with Boeing. Equatic’s Technology.

Carbon 170
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Monash/Hokkaido team produces diesel blend fuel via CO2 hydrogenation in methanol over new catalyst

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Researchers from Monash University and Hokkaido University have developed a method to produce dimethoxymethane (DMM)—a diesel blend fuel currently of great research interest—via CO 2 hydrogenation in methanol over a novel ruthenium-based catalyst. Their paper is published in the Journal of Energy Chemistry. —Akshat Tanksale.

Hydrogen 221
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BMW outlines iFACTORY production strategy; transformation to e-mobility; Plant Debrecen first CO2-free plant

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By 2030 we aim to reduce CO2 emissions from production by 80 percent compared to 2019, — Milan Nedeljkovi?. The remainder will be covered by 100% renewables, the vast majority of which will come from regional sources. The energy that powers the BMW Group’s plants around the world is sourced purely from renewables.

BMW 363