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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. million barrels a day in 2020, down around 90,000 barrels a day from 2019.

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Neste selects Rotterdam as a location for its possible next world-scale renewable products refinery

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Neste announced in March 2020 an intention to increase its renewable products production capacity in Europe according to the company strategy. Rotterdam, in turn, benefits from the proximity of new markets for Renewable Aviation and Renewable Polymers and Chemicals as well as proximity to raw material sources.

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy. Chart: BloombergNEF.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d in 2020 driven by both OPEC (-4.3

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Study finds GWP of electrolyzed hydrogen to meet ORD’s fuel needs would be 2.5x that of fossil fuels with 2020 grid mix

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His analysis found that if electrolyzed hydrogen were to be produced using a 2020 US electrical grid mix, its use would be associated with approximately 2.5x If only incremental increases in renewable energy resources are introduced across the grid, electrolytic hydrogen will not become an environmentally sustainable solution.

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Hyundai Motor to expand XCIENT fuel cell truck entry into US market

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Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. We believe that there is no way around hydrogen to realize the energy transition towards renewables. At the 2022 Advanced Clean Transportation (ACT) Expo, Hyundai Motor will share the progress of the NorCAL ZERO Project.

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EIA: US renewable diesel capacity expected to increase significantly through 2024

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US production capacity for renewable diesel could increase significantly through 2024, based on announced projects and those that are under construction, according to the US Energy Information Administration (EIA). As of the end of 2020, we estimate US production capacity for renewable diesel totaled nearly 0.6

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