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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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The recovery of energy demand in 2021 was compounded by adverse weather and energy market conditions—notably the spikes in natural gas prices—which led to more coal being burned despite renewable power generation registering its largest growth to date. billion tonnes.

Emissions 370
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. Nearly all of the change in CO 2 emissions in 2019 arose in the electric power sector.

2019 273
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Soletair demo plant produces renewable hydrocarbon fuel from CO2 captured from the air

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VTT Technical Research Centre of Finland and Lappeenranta University of Technology (LUT) are beginning testing of the Soletair demo plant, which uses air-captured carbon dioxide to produce renewable fuels and chemicals. Phase 1: Renewable energy. The system produces high-purity hydrogen gas at elevated pressures.

Renewable 244
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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

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BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. Aqueous CO 2 electrolysis with base-metal catalysts. 2020.01.002.

Gasoline 321
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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. The Middle East becomes the world’s second-largest gas consumer by 2020 and third-largest oil consumer by 2030, redefining its role in global energy markets. Mobility and oil. —WEO-2013.

Oil 275
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VTT and Neste to build integrated Power-to-Liquids demo facility; CO2 capture, green hydrogen and e-fuels production

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E-fuels offer a way to expand the carbon-neutral transport fuel pool beyond biomass-based renewable fuels to replace fossil fuels in existing internal combustion engines. VTT will provide the fuel synthesis unit and technology and Neste carries out upgrading of the synthetic crude oil into fuel products fulfilling the specifications.

Building 186