article thumbnail

Haru Oni e-fuels demo plant in Chile officially opens

Green Car Congress

E-Fuels company HIF Global, together with partners, authorities, and community representatives, celebrated the production of the first liters of synthetic gasoline at the Haru Oni Demonstration Plant in southern Chile. Chile’s Minister of Energy, Diego Pardow, headed the ceremony where a Porsche 911 was loaded with synthetic fuel.

Chile 426
article thumbnail

HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

Green Car Congress

At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) This is then made into synthetic fuel.

Chile 195
article thumbnail

LME copper prices at 9-year high

Green Car Congress

Total visible copper stocks (LME + COMEX + SHFE + Chinese bonded warehouses) amounted to just 560kt at the end of January, noted critical materials supply chain intelligence company Roskill—only 11kt more than the lowest recent stock level of 549kt in December 2019.

Price 399
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
article thumbnail

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

Green Car Congress

The cost range reflects the abundance of renewable potential, such as solar and wind power, in many African and Latin American countries, which can generate the electricity needed in the production of hydrogen fuels at much lower cost. billion in 2019. billion in 2017 to $1.6

Renewable 210
article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion, level with 2019 despite falling unit prices. Fuel-cell bus sales drove the decline, falling from $865 million in 2019 to approximately $400 million in 2020.

2020 259
article thumbnail

Climate impact of lithium-ion batteries & how to measure it 

Electric Vehicles India

However, electric vehicles basically are emission-free at least when they are powered by electricity generated from renewable sources such as wind, solar, etc. during the forecast period of 2019-2014. The production of a battery cell will need as many as 20 different materials from around the world.