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Chevron USA kicked off a road trip across the US Gulf Coast to showcase an innovative new gasoline blend with more than 50% renewable content. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels such as biofuels and renewable gasoline blend.
a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide. Raven SR Inc., Earlier post.).
In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. In April, the company completed the diesel hydrotreater conversion, which will ramp up to 8,000 bbl/d (120 million gallons per year) of renewable diesel production by the third quarter of 2021.
ECB Group Paraguay and Shell Trading (US) Company signed a multi-year contract that will provide more than 500 million liters (130 million gallons US) of renewable diesel and renewable jet fuel per year to Shell, one of the world’s largest energy companies. The contract is expected to run from 2024.
SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). Earlier post.).
By Jake Stones, hydrogen editor at ICIS ICIS data shows that renewable hydrogen could be sold for below €1/kg if a producer obtains the maximum support provided by the European Hydrogen Bank , according to the heads of terms for the bank published by the European Commission on 31 March. Funding is granted once hydrogen production starts.
ENGIE has taken the Final Investment Decision in the development of one of the world’s first industrial-scale renewable hydrogen projects, to be located in the Pilbara region of Western Australia. ENGIE and Mitsui intend to operate the Yuri project through this joint venture company. Yuri roadmap.
Infinium Electrofuels have the potential to help investor Amazon and other companies to decarbonize their operations and meet their net-zero carbon goals. Infinium’s proprietary Electrofuels process converts renewable power into green hydrogen, then uses this green hydrogen and waste carbon dioxide to produce net-zero carbon fuels.
Darling and Valero jointly announced that their 50/50 joint venture, Diamond Green Diesel (DGD), has received approval from both companies’ Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero’s Port Arthur, Texas refinery. billion pounds of used cooking oil annually.
Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy. The company has now concluded a thorough study phase concerning the two possible locations, Porvoo, Finland and Rotterdam in the Netherlands. Neste has existing sites in both locations.
Infinium Electrofuels technology converts carbon dioxide waste and renewable power through its proprietary process to create hydrogen-based alternatives to traditional fossil-based fuels. Earlier post.) The investment will support acceleration of Infinium’s commercial developments globally.
Montauk Renewables captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid. The company has current operations at 15 operating projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas.
DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. With the investments in DGF made by aviner & co., Chishima Real Estate Co.,
Arcadia’s technology matches home energy consumption with renewable energy sources from a variety of US wind and solar projects using renewable energy certificates, all without any installation or disruptions to their utility service. The company has set itself the goal of reducing vehicle-specific CO 2 emissions by 30% by 2025.
Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.
The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven. On the road to climate-friendly mobility, we must ensure we don’t leave any technical opportunities untapped, starting with electromobility and ending with renewable fuels.
The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. With the growth projects in Singapore and Martinez, the company targets to increase its total nameplate capacity of renewable products to 5.5 million tons in early 2024.
Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.
Sourcing renewable energy is a critical component of GM’s plans to decarbonize. The company’srenewable energy strategy is rooted in four pillars: Increasing Energy Efficiency: GM’s energy goals begin with reducing energy consumption by improving energy efficiency.
SunGas Renewables Inc. announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. SunGas Renewables anticipates BLRE will invest approximately $2 billion to construct the project at the former International Paper facility in Rapides Parish.
Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley.
billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. The company is expected to start production in the first quarter of 2026. Brazil’s Acelen will invest more than R$12 billion (US$2.44
billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. We looked at over 100 companies, many of them in the EV and renewable energy space. Scott Leonard, CEO of SOAC, will join the board of The Metals Company.
bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.
Spain-based global energy company Repsol and Talgo, a manufacturer of intercity, standard, and high speed passenger trains, will promote a renewable-hydrogen-powered train, fostering emission-free rail transport in the Iberian Peninsula.
A small dimethyl ether (DME) plant will be built either onsite or at another location, producing renewable DME from methanol for local industry. Iberdrola is developing 60 renewable and green hydrogen initiatives in eight different countries. The company has currently installed 1,122 MW of renewables (wind, solar and batteries).
This project is expected to increase GM’s use of renewable energy to more than 50% of its sourced electricity by 2023, moving GM closer to its goal of sourcing 100% of electricity from renewables in the US by 2030 at GM-owned sites.
Aurobay will become part of the new global company specializing in hybrid and low- emission powertrains being formed by Renault and Geely. Aurobay’s zero-emission engine project would be powered by a renewable fuel made from waste and make use of innovative technology to pre-heat the catalytic converter before a cold start.
Norwegian state-owned energy company Equinor and Germany-based energy company RWE have agreed to work together to develop large-scale value chains for low carbon hydrogen. Joint development of offshore wind farms that will enable production of renewable hydrogen as fuel for power and other industrial customers in the future.
Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas. Renewable power procurement.
The subsequent field trial was completed in the Permian basin with a partnering company, where the team successfully measured hydrogen concentrations three orders of magnitude above baseline. According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg
an integrated castor cultivation solution company and a subsidiary of Evogene Ltd. signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra Ag Ltd. , Initial purchase orders, valued at an aggregate of $9.1
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles. from the year prior.
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” The report was developed with input from 19 companies and organizations: Air Liquide; American Honda Motor Co., Road Map to a US Hydrogen Economy ”.
GM will be the first company to make a multi-million dollar investment in CTR’s Hell’s Kitchen project. CTR’s project resource has a total projected capacity of 1,100MW of baseload renewable power and 300,000 tonnes LCE per annum. The first stage of the Hell’s Kitchen project is expected to begin yielding lithium in 2024.
Baker Hughes’ NovaLT12 turbines can burn up to 30% hydrogen in dry low emission (DLN) mode; the company is moving toward 100% H 2 capability. Snam is among the first companies in the world to have tested the introduction of hydrogen into a high-pressure gas transportation network, first at 5% and subsequently at 10%.
While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation. The company has launched more than 20 methanol vehicles and obtained more than 256 patents for methanol technologies.
Renewable hydrogen systems manufacturer Ways2H Inc. announced the completion of a facility in Tokyo that will convert sewage sludge into renewable hydrogen fuel for fuel cell mobility and power generation. A new facility in Tokyo that will convert sewage sludge into renewable hydrogen gas for fuel-cell vehicles is nearing completion.
renewable power, producing zero emissions. This will be powered by renewable energy generated by an Ørsted offshore ? The companies anticipate the project could be ?operational When powered by renewable ?energy, transforming to an integrated energy company.?. Renewable hydrogen has to become cost ?competitive
Following the signing of a memorandum of understanding, the two companies are evaluating infrastructure initiatives to enable the use of hydrogen in the transport sector in Italy and potentially in other countries.
renewable natural gas). More than 30 stakeholders from industry, nonprofits, and academia are supporting this government-private industry effort sponsored by DOE’s Hydrogen and Fuel Cell Technologies Office in the Office of Energy Efficiency and Renewable Energy. a Quanta Services company; PSE&G; Xcel Energy; ONEOK Inc.;
Electric truck company Tevva and Vattenfall signed a Memorandum of Understanding to explore the opportunity to provide a complete zero-emission transport solution for businesses looking to reduce the overall carbon impact of their operations. Tevva is an electric truck company with optional range extension technology that allows its 7.5-19t
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