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Ecopetrol has a strategic goal to provide at least 450 million tons of fuel from renewable oil sources by 2015. Following this phase, the parties plan to move toward commercial deployment of renewable oil and fuel production. Solazyme, Inc., Solazyme, Inc., —Jonathan Wolfson, CEO of Solazyme.
The use of compressed or liquefied natural gas as a fuel for vehicles could help to displace oil and reduce greenhouse gas emissions, but to a limited extent because of the high cost of converting vehicles to use these fuels. At the same time, this would also reduce air pollutants such as oxides of sulfur and nitrogen oxides.
Currently that means burning coal, coke, fuel oil, or natural gas, often along with waste plastics and tires. To do that, they’re taking carbon capture and storage (CCS) technology already used in the oil and gas industry and bolting it onto their cement plants. plant and burying up to 2 million tonnes of CO 2 per year below the plant.
In Latin America , electric car sales reached almost 90,000 in 2023, with markets in Brazil, Colombia, Costa Rica and Mexico leading the region. Road transport electrification in Brazil could bring significant climate benefits given the largely low-emissions power mix, as well as reducing local air pollution.
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