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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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Volvo Cars switches to biodiesel for ocean freight; cutting fossil CO2 emissions by 84%

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From now on, most of these seafaring journeys are made with renewable fuel instead of traditional fossil fuel. Due to the renewable fuel, CO 2 emissions are reduced by at least 84% (Well-to-Wake, WTW) compared to fossil fuel. No feedstock related to palm oil or palm oil production is used.

Volvo 370
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Bosch, Shell, and Volkswagen develop renewable gasoline with 20% lower CO2; rollout of Blue Gasoline this year

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The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven. On the road to climate-friendly mobility, we must ensure we don’t leave any technical opportunities untapped, starting with electromobility and ending with renewable fuels.

Gasoline 393
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Neste Oil to recover CO2 at its renewable diesel refinery in Singapore

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Neste Oil Singapore Pte Ltd and National Oxygen Pte Ltd (NOX), one of the one of the largest industrial gas manufacturers in Singapore, have signed an agreement to install a carbon dioxide recovery and liquefaction plant at Neste Oil’s renewable diesel (NExBTL) refinery in Singapore.

Singapore 218
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Mercedes-AMG PETRONAS Formula One Team trial of HVO100 for European land freight reduces CO2 emissions by 89%

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Hydrotreated Vegetable Oil (HVO 100) fuel is a 100% renewable fossil fuel free product derived from vegetable oils, waste oils and fats. The use of HVO100 can significantly reduce CO 2 emissions and reduce the impact of freight on local air quality by reducing NO x and particulate emissions.

Mercedes 243
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Soletair demo plant produces renewable hydrocarbon fuel from CO2 captured from the air

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VTT Technical Research Centre of Finland and Lappeenranta University of Technology (LUT) are beginning testing of the Soletair demo plant, which uses air-captured carbon dioxide to produce renewable fuels and chemicals. Phase 1: Renewable energy. The pilot plant is coupled to LUT’s solar power plant in Lappeenranta.

Renewable 244
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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The recovery of energy demand in 2021 was compounded by adverse weather and energy market conditions—notably the spikes in natural gas prices—which led to more coal being burned despite renewable power generation registering its largest growth to date.

Emissions 370