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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. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.

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Successful demonstration of FlexMethanol conversion of wind power to methanol

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In Germany, BSE Engineering and the Institute for Renewable Energy Systems at Stralsund University of Applied Sciences (IRES) have demonstrated the conversion of wind power into renewable methanol. In the future, the fuel-cell-suitable crude methanol as well as the cleaned methanol will be sold industrially as e-fuel.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation. The uses of green methanol for commercial shipping have already been pioneered by Danish shipping giant Maersk.

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Carbon emissions in port of Rotterdam drop more swiftly than national average

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In the period 2016-2020, the port of Rotterdam reduced its total carbon emissions by 27%. The port’s total emissions volume combines those released by industrial production (refineries, chemical companies) and electricity generation (gas- and coal-fired power plants). The carbon emissions of Rotterdam’s industrial sector fell by 1.1

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

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GM to use wind power for more than 50% of annual vehicle output from Arlington Assembly plant

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General Motors’ Arlington, Texas, Assembly plant will soon be able to build up to 125,000 trucks a year using wind power. The 115 million kilowatt hours of renewable energy will be enough to manufacture more than half of the plant’s annual vehicle output. Renewable energy complements a robust energy efficiency program at the plant.

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UPS commits to aggressive goals for more alternative vehicles, fuel and renewable power by 2025

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UPS announced new sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources. UPS has a goal that 25% of the electricity it consumes will come from renewable energy sources by 2025—a significant increase from the 0.2%

Renewable 170