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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa. billion in 2019. Yet by 2050, at least half of (net) zero fuels traded globally are expected to be moved by ships, according to the International Renewable Energy Agency (IRENA).

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. LNG imports reached 482 billion cubic meters in 2019, up 13% from 2018, and while this figure is expected to fall by around 4.2%

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Hyundai’s Hydrogen Mobility Solution wins 2020 Truck Innovation Award

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Hyundai Motor’s Hydrogen Mobility Solution has won the second International Truck of the Year (IToY) Truck Innovation Award. Hyundai Motor Company and H 2 Energy set up its joint venture (JV), Hyundai Hydrogen Mobility, in April 2019. Earlier post.)

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

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IMO environment meeting adopts mandatory energy efficiency measures for international shipping; first mandatory global GHG reduction regime for an international industry sector

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Mandatory measures to reduce emissions of greenhouse gases (GHGs) from international shipping were adopted by Parties to MARPOL Annex VI represented in the Marine Environment Protection Committee (MEPC) of the International Maritime Organization ( IMO ), when it met for its 62 nd session from 11 to 15 July 2011 at IMO Headquarters in London.

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Volkswagen & Siemens launch joint electric mobility pilot project in Rwanda

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The pilot project, which will form part of Volkswagen’s operations in Rwanda, was officially announced today by Thomas Schäfer, CEO of Volkswagen Group South Africa and responsible for the Sub-Sahara Africa Region, in the presence of the Prime Minister of the Republic of Rwanda, Right Honourable Dr. Edouard Ngirente.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Carbon Engineering’s DAC-based climate solutions utilize standardized processes and proven industrial equipment. Earlier post.)

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