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In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. from the year prior.
The National Renewable Energy Laboratory (NREL) has released a comprehensive vision for deeply decarbonizing transportation. According to the Intergovernmental Panel on Climate Change, greenhouse gas emissions must be reduced by 50%–85% by 2050 to limit global warming to two degrees Celsius (four degrees Fahrenheit).
Global Clean Energy Holdings, Inc., GCEH will immediately commence retooling the refinery to produce renewable diesel from organic feedstocks such as vegetable oils. The balance of feedstock will be provided from various non-petroleum renewable feedstocks, such as used cooking oil, soybean oil, distillers’ corn oil, and others.
While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.
A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East. —study co-author Olivia Williams.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.
will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. and Darling Ingredients Inc.,
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. The current estimated construction cost is $1.45
Renewable energy sources are central to the energy transition toward a more sustainable future. In a new study led by the International Institute for Applied Systems Analysis (IIASA), an international team of researchers developed a novel way to store energy by transporting sand into abandoned underground mines. Dabek, P.B.,
The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate the attractiveness and effectiveness of trucking powered by clean hydrogen and the ambition to play a lead role in kickstarting the rollout of hydrogen infrastructure for transportation.
NTT Anode Energy Corporation announced a joint research and development project to study safety measures for the mass transportation of hydrogen through existing pipeline infrastructure. Verification of advantageous conditions and business establishment requirements of pipeline transportation.
To generate the renewable electricity needed to feed production of green hydrogen, Cepsa will develop a 3GW portfolio of wind and solar energy projects with an additional €2-billion investment. Cepsa is already working on the engineering and administrative processing of the project.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, says it will be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021. To fight against climate change, the transport sector needs true decarbonization.
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.
Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. billion tonnes, accounting for 33% of the global total. billion tonnes. billion tonnes.
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. 2020.01.002.
The Paris Agreement calls for global warming to be limited to 2 ?C One path to achieving this is with renewable synthetic fuels (e-fuels). Bosch outlines seven reasons why renewable synthetic fuels should be part of tomorrow’s mobility mix: Time. Renewable synthetic fuels have long since left the basic research phase.
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. —Jeremy Baines, President of Neste US.
subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyzer will be constructed on the Tweede Maasvlakte in the port of Rotterdam and will produce up to 60,000 kilograms of renewable hydrogen per day.
Oberon Fuels, producer of clean-burning dimethyl ether (DME) transportation fuel, has begun production of the first renewable DME (rDME) in the United States, and the only current commercial production of this in the world. Once delivered, rDME can be converted to renewable hydrogen at the point of use.
Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa.
Cummins will provide hydrogen fuel cell electric powertrains integrated into selected OEM partners’ heavy-duty trucks for Air Products, as Air Products begins the process of converting its global fleet of distribution vehicles to hydrogen fuel cell vehicles. Cummins and Air Products expect the demonstration phase to begin in 2022.
Safety and Transportation. The partnership enables sodium-ion battery technology to be incorporated in a range of renewable energy applications including residential energy storage, commercial micro-grids, wind turbine and tidal energy storage. Cell Infrastructure.
This strategic investment highlights the company’s commitment to decarbonizing global logistics and to becoming a net-zero company by 2040 across all business areas and all modes of transport. The purchase of fully electric trucks is supported by the German Federal Ministry for Digital and Transport with more than €4.3
Snam has the most extensive transmission network among European peers (more than 41,000 km globally) and the largest natural gas storage capacity (ca. 20 billion cubic meters globally). Today, 70% of Snam’s pipelines are already built with hydrogen-ready pipes to help contribute to the reduction of CO 2 emissions in Italy.
From now on, most of these seafaring journeys are made with renewable fuel instead of traditional fossil fuel. The first global car maker to announce such a switch, Volvo calculates it will achieve an immediate reduction in fossil CO 2 emissions from intercontinental ocean freight by 55,000 tonnes over a year.
Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9
Danish Minister for Transport Trine Bramsen, Aalborg municipal government representatives, and European media were invited to witness the first test runs of Geely methanol vehicles on Danish roads and visit the e-methanol production facility at Aalborg University.
BayoTech is committed to addressing the global need for consistent, cost-effective, low-carbon supply of hydrogen. Hydrogen possesses many attributes that will drive long-term demand as a fuel source, including its role in global decarbonization efforts. Source: BayoTech.
Phillips 66, a diversified energy manufacturing and logistics company, plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The Phillips 66 Rodeo Renewed project would produce 680 million gallons annually of renewable diesel, renewable gasoline, and sustainable jet fuel.
a designer and manufacturer of electrolyzers, recently signed a memorandum of understanding (MoU) with Black & Veatch, a global engineering, procurement, consulting and construction company, to offer a complete and integrated solution for producing large-scale green hydrogen for industrial customers. Next Hydrogen Solutions Inc.,
In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency. —EIA Acting Administrator Stephen Nalley.
Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Neste’s growth strategy is centered on renewable and circular solutions. Porvoo refinery.
The aim is to foster the growth of electrified public transportglobally through increasingly high-performance and competitive solutions. The success of these tests will be a key building block for Enel to include the Arrival Bus within its portfolio of global electrification solutions.
billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 Electrified transport. Renewable energy investment.
This investment shows our strong commitment to electrifying truck transportation. By 2030, at least 50 percent of all trucks we sell globally will be electric and by 2040, we will be a carbon-neutral company. The plant itself is powered by 100% renewable energy. —Roger Alm, President of Volvo Trucks.
From Le Havre, the blended SAF will be transported by the TRAPIL pipeline to airports where it will be used to fuel aircraft. Pipeline distribution reduces greenhouse gas emissions of the fuel transports when compared to conventional logistics by tanker trucks. We have also announced the expansion of our Rotterdam renewables refinery.
Nefoundland, Canada) reached a binding agreement on commercial terms with Pattern Renewable Holdings Canada 2 ULC (Pattern Energy) for a planned renewable energy to green fuels project at Argentia. Port of Argentia Inc. Argentia Capital Inc. ACI), the Port’s 50/50 partnership with Torrent Capital Ltd., is a signatory to the agreement.
U-Haul—the largest US retailer of propane—has purchased one million gallons of renewable propane to sell at its company-owned and -operated stores across California for the second year in row. No cost increase is passed on to U-Haul customers as a result of the renewable propane initiative. Earlier post.)
It brings together Neste’s expertise in the production and supply of renewable diesel and SAF with Shell Aviation’s world-class credentials in supplying and managing fuel around the world. The aviation industry is essential for global business, generating growth and facilitating economic recovery. million tons of SAF annually by 2023.
the company’s subsidiary for global business. The company believes that wider adoption of alternative-fuel, electric and hybrid electric vehicles in transportation will play a key role in reducing global emissions, while diversifying and expanding renewable energy solutions. Chanje Energy Inc. Ryder System, Inc.
Hyliion, a developer of electrified powertrain solutions for Class 8 semi-trucks, has formed the Hypertruck Innovation Council, a group of fleet, logistics, and transportation industry leaders that will actively support the development of Hyliion’s Hypertruck powertrain solution.
In a globalized world, sustainable and clean fuels are essential for climate-neutral logistics. While battery-electric trucks can operate efficiently within last-mile delivery, fuels from renewable energies such as hydrogen are essential for zero-emission line-haul. It transports deliveries of DHL Express’ customer Apple.
Australia-based Global Energy Ventures (GEV) and Pacific Hydro Australia Developments Pty Ltd (Pacific Hydro) have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen produced by Pacific Hydro’s Ord Hydrogen Project.
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