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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Electra uses renewable energy to refine low-grade iron ores into high-purity iron through electrochemical and hydrometallurgical processes. This material will be used in the steelmaking process to offset other high-quality metallics that come with higher greenhouse gas emissions.

Carbon 293
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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In addition to its regional and temporal scope, this study is distinct from earlier LCA literature in four key aspects: This study considers the lifetime average carbon intensity of the fuel and electricity mixes, including biofuels and biogas.

Hydrogen 418
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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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Electra has raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced.

Coal 360
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Rice study finds using natural gas for electricity and heating, not transportation, more effective in reducing GHGs

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Rice University researchers have determined a more effective way to use natural gas to reduce climate-warming emissions would be in the replacement of existing coal-fired power plants and fuel-oil furnaces rather than burning it in cars and buses.

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ORNL study finds best current use of natural gas for cars is efficient production of electricity for EVs

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However, they also noted, high PTW efficiencies and the moderate fuel economies of current compressed natural gas vehicles (CNGVs) make them a viable option as well. If CNG were to be eventually used in hybrids, the advantage of the electric generation/EV option shrinks. Their open access paper is published in the journal Energy.

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Genscape reports January US coal-fired power generation up 8.9% above January 2012 levels; higher demand with cold-snap, higher gas prices, lower nuclear

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Genscape reported that January 2013 coal-fired power generation in the US surged 8.9% This increase to 140,080 GWH resulted from higher demand for electricity, higher gas prices, and lower levels of generation from nuclear plants and renewable technologies. above January 2012 levels. Power demand started out 2013 up 3.2%

Coal 210