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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030. Financials.

Oil 465
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HYREADY collaboration supports introduction of power-to-gas H2 into natural gas infrastructure

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electrolysis powered by renewable electricity) to natural gas supports the decarbonization of the natural gas system and integration of sustainable energy sources. HYREADY focuses on the consequences of H 2 added to natural gas in an existing specific network and on feasible countermeasures to mitigate these consequences.

Gas 150
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Pensana plans $125M rare earth separation facility in England

Green Car Congress

The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345
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IAEA to develop roadmap for commercial deployment of nuclear hydrogen

Green Car Congress

In order to decrease the environmental impact of the annual production of over 70 million tonnes of hydrogen, some countries are looking to renewables such as solar and wind as well as nuclear power as a replacement for fossil fuels. In the European Union, natural gas has been recently trading at around $30 per million BTUs.).

Hydrogen 170
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Tesla is officially an energy provider in Texas

Teslarati

Due to the company’s use of solar energy and energy storage systems, Tesla Energy users are more likely to avoid outages and blackouts, especially as the excess energy is stored in a Powerwall for residential or Powerpack and Megapack for commercial uses. .

Texas 145
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Will We Achieve Net-Zero Emissions By 2035? A National Clean Electricity Standard Could Be Key

EV Match

Frozen natural gas pipes in Texas. In a nutshell, this mechanism allows the government to set a standard and timeline based on technology and scientific guidelines. . … It just shows that fossil fuel is necessary.”. Credit: The Texas Tribune. The Push to Decarbonize by 2035. Projections show the U.S.

Clean 98
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Is Europe’s Nuclear Phaseout Starting to Phase Out?

Cars That Think

France can claim a qualified victory: Under current EU guidelines, at least some nuclear power will be categorized as “green.” So, incidentally, will natural gas, which the current German government actually favored.) The obvious answer might be solar and wind. Switzerland is doing the same , albeit with a hazy timetable.

France 97