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DNV forecasts oil demand in transport sector to halve by 2050

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Electricity’s share in transport will grow from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report. Despite oil demand in the transport sector forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement.

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T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand

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Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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Neste and CIM collaborate to supply sustainable aviation fuel to France to support SAF blending obligations

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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.

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First hydrogen supply chain demonstration project using MCH to transport H2 starts

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The Advanced Hydrogen Energy Chain Association for Technology Development (AHEAD) has started the world’s first international demonstration operation to transport hydrogen using methylcyclohexane. In the consumer country, hydrogen is extracted from MCH by a dehydrogenation reaction and supplied as hydrogen gas. Earlier post.).

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Hapag-Lloyd will use advanced biofuels for the transport of DHL shipments

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Advanced biofuels are based on raw biological materials, such as used cooking oil and other waste products. This material is used to manufacture a fatty acid methyl ester (FAME) (biodiesel), which is then mixed with varying proportions of low sulfur fuel oil. —Danny Smolders, Managing Director Global Sales at Hapag-Lloyd.

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Indian Oil signs 10-year LNG supply contract with Total Energies | Autocar Professional

Baua Electric

In line with its strategy to grow its liquefied natural gas (LNG) business, Total Energies has, earlier this month, announced the signing of two new LNG medium- and long-term contracts in Asia. These agreements allow Total Energies to secure medium-term outlets for its global LNG supply portfolio.

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EIA: Petroleum and natural gas will be the most-used fuels in the US through 2050

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In this case—which reflects only current laws and regulations—renewable energy is the fastest-growing energy source through 2050, while petroleum remains the largest share of energy consumption throughout that period, followed by natural gas. Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022).

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