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

Green Car Congress

A new propane dehydrogenation (PDH) plant coming on stream in Kallo, Belgium, in 2023, will be key to expanding OMV’s monomer position in Europe. The retail segment will be resilient but increasingly shift from fuel to e-vehicle charging, hydrogen, and convenience. The target for 2030 is to grow to 5 million metric tons a year.

Oil 465
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Volvo joins Tesla in halting EV production due to Red Sea attacks

Baua Electric

Volvo said it would halt production at its factory in Ghent, Belgium, for three days after rerouting ships to avoid potential violence. Turning ships south to travel around Africa takes much longer than cutting through the Suez Canal. If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels.

Volvo 52