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Aemetis, a renewable fuels company focused on negative carbon intensity products ( earlier post ), has signed a 10-year, 450-million-gallon renewable diesel supply agreement with an industry-leading travel stop company, which is expected to generate more than $3 billion in revenue. Combined with $2.1
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.
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.). 22 CCR § 66260.10
General Motors and GE Renewable Energy signed a non-binding Memorandum of Understanding (MoU) to evaluate opportunities to improve supplies of heavy and light rare earth materials and magnets, copper and electrical steel used for manufacturing of electric vehicles and renewable energy equipment.
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. It is instructive to note that a NOC, and not an independent oil company, has the most ambitious green strategy of them all. 2 Total SA.
The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.
Neste and CIM, part of NOVEN Group in France, the leading independent French group of companies providing oil storage and supply services, are collaborating to enable the supply of Neste MY Sustainable Aviation Fuel into France. We have also announced the expansion of our Rotterdam renewables refinery.
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.
Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project , entering into a long-term Power Purchase Agreement (PPA) with Statkraft. FFI undertook a Scoping Study across Norway to identify potential locations for the development of renewable energy and port facilities.
Neste and Kinder Morgan are transforming existing terminal assets into what can be considered green infrastructure, which will ultimately enable more American businesses and cities to power their fleets and supply chains with renewable fuels and other products. More than 1 million gallons of SAF have been supplied into SFO to date.
MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. Marathon Petroleum Corp.
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 program runs from 2 March to 30 April 2021, while supplies last. 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.
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.
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.
bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. To be a member, a company must have significant power footprint (i.e.
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. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.
Chevron Corporation and Renewable Energy Group announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 REG was a founder of the renewable fuels industry and has been a leading innovator ever since. billion, or $61.50 Total enterprise value of $2.75
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. DeepGreen Metals Inc., Source: DeepGreen. Earlier post.)
Cummins will supply a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde’s new hydrogen production plant in Niagara Falls, New York. Linde will leverage its existing liquefier and distribution infrastructure to supply existing and new customers. The plant is expected to start up by 2025.
Neste announced its final investment decision on additional renewable products production capacity in Singapore in December 2018. Integrated SAF supply chain to Singapore Changi Airport. Neste is also supplying SAF to various fuel marketing companies, broadening its availability outside its own airport network.
British Airways and Phillips 66 Limited have entered into a multi-year supply agreement for sustainable aviation fuel produced at the Phillips 66 Humber Refinery, making the airline the first in the world to use SAF produced in the UK. The SAF will be supplied to British Airways to power a number of its flights from early 2022.
A green tariff agreement with the Tennessee Valley Authority is expected to supply up to 100 megawatts of solar energy per year, or the amount of electricity consumed by 18,000 United States households annually. The energy will be supplied by a solar farm in Lowndes County, Mississippi, currently under development by Origis Energy.
Denmark-based Everfuel A/S has signed a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for collaboration on hydrogen supply to a new zero-emission shipping solution. Everfuel is well-positioned to provide maritime fueling solutions across Scandinavia and Europe.
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.
Leading Australian energy infrastructure company Jemena has signed a new deal to supply Australia’s emerging zero emission vehicle industry with renewably generated green hydrogen. billion company that owns and manages some of Australia’s most significant gas and electricity assets. —Frank Tudor. Jemena is an $11.5-billion
Molicel ), a supplier of lithium-ion battery cells, entered into a memorandum of understanding for Molicel to manufacture and supply the battery cells for Archer’s production electric vertical takeoff and landing (eVTOL) aircraft, Midnight. TCC is the first listing company in Taiwan stock market.
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. As such, it is a mobility solution that doesn’t need long additional developments.
Bolivian micro-mobility and clean energy startup MOBI has partnered with American direct lithium extraction company Energy Exploration Technologies Inc. Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. EnergyX) ( earlier post ).
Neste and All Nippon Airways (ANA), Japan’s largest and a 5-Star airline, are entering a sustainable aviation fuel (SAF) supply agreement. ANA will become the first airline to use SAF on flights departing from Japan; the agreement also represents Neste’s first SAF supply to an Asian airline. million tons of SAF annually by 2023.
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. The production capacity will be 20,000 barrels/day, equivalent to the annual supply of 1.1
In a livestreamed briefing on batteries and carbon neutrality, Toyota Chief Technology Officer Masahiko Maeda said that the company will invest ¥1.5 billion) in the development of a battery supply system and research and development by 2030. trillion (US$14.3 million units.
ANGI Energy Systems, a Vontier company announced a strategic collaboration with Nikola Corporation to support Nikola’s plan to create the largest North American open-network of commercial hydrogen refueling stations by providing technically advanced hydrogen fueling dispensers, under Nikola’s HYLA brand. Earlier post.)
Loop Energy, a hydrogen fuel cell company providing solutions for the commercial vehicle markets, announced that Skywell New Energy Vehicles Group (Skywell) received index approval from China’s Ministry of Industry & Information and Technology (MIIT) for a zero-emission public transport bus powered by Loop Energy’s fuel cell systems.
Neste will supply the Air France-KLM Group with more than 1,000,000 tons (approximately 1.26 The Air France-KLM Group (AF-KLM) and Neste expanded their existing cooperation with this new strategic partnership for the supply of Neste MY Sustainable Aviation Fuel to the Group.
Ørsted, the world’s leading offshore wind developer, together with the major industrial companies in the North Sea Port cluster, have launched the SeaH2Land vision for a gigawatt scale project to reduce carbon emissions in the Dutch-Flemish industrial cluster with renewable hydrogen.
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 natural gas.
General Motors and Shell, through its wholly owned subsidiary MP2 Energy, LLC, are collaborating to provide comprehensive energy solutions programs to GM’s customers and supply chain partners, including fixed-rate home energy plans backed by 100% renewable energy resources. of EV charging. of EV charging.
DCC plc, an international sales, marketing and support services group, has partnered with Oberon Fuels, the leading producer of renewable dimethyl ether (DME) ( earlier post ), to advance the design, construction and operations of multiple renewable DME production plants in Europe.
From 2022 onwards, the company will purchase electricity in Germany which comes exclusively from renewable sources. A green power supply contract ensures the purchase of electricity from renewable energy sources at all times. The first Mercedes-Benz locations are already being supplied with this CO 2 -free electricity.
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.
Westinghouse Electric Company launched its newest nuclear technology, the AP300 small modular reactor (SMR), a 300-MWe (900MWth) single-loop pressurized water reactor. Flexible performance provides a proven capability to stabilize modern renewable heavy electric grids, including fast load change capabilities to support variations in demand.
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