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Quarter of firms looking to alternative fuels

Green Cars News

One in four business leaders have already making use of -or are considering introducing -alternative fuel vehicles to their business operations as oil prices remain stubbornly high.

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RedRock Biofuels to supply 3M gallons/year of renewable jet fuel to FedEx through 2024

Green Car Congress

FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S. Earlier post.).

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

The United States and the European Union have some of the world’s most aggressive policies for alternative fuel promotion, including volumetric mandates, lifecycle fuel-carbon-intensity requirements, and fuel-taxation schemes. The construction phase is when biofuel companies need financial certainty to attract investors.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Renewables increase from 13% of the mix today to 18% in 2035; the growth in renewables is underpinned by subsidies that rise from $64 billion in 2010 to $250 billion in 2035, support that in some cases cannot be taken for granted in an age of increasing fiscal austerity. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.

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Univ of Washington team working to make poplar coppice viable cheap, high-volume biofuel feedstock

Green Car Congress

Alternative fuels must make economic sense, the researchers stress, for biofuels to make a dent in the petroleum-driven market. We have the environmental incentives to produce fuels and chemicals from renewable resources, but right now, they aren’t enough to compete with low oil prices. Click to enlarge.