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

Green Car Congress

Occidental and Carbon Engineering are also adapting Stratos’ front-end engineering and design study for a DAC plant to be built at King Ranch in Kleberg County, which is part of the South Texas DAC Hub that was selected to receive a grant from the US Department of Energy’s Office of Clean Energy Demonstrations. Earlier post.)

Carbon 150
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030. Financials.

Oil 465
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

Oil 247
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Study recommends $10B/year US federal investment in energy RD&D and a substantial price on carbon emissions; leveraging the national labs and encouraging the private sector for a clean energy future

Green Car Congress

In addition, the report suggests that the US government as well as state and local governments should adopt a range of sector-specific policies to overcome market failures that are limiting the deployment of energy efficiency and clean-energy technologies as part of a coordinated energy strategy.

Energy 231
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Perspective: The UN Approval Process for Carbon Offsets

Green Car Congress

According to a report by the UN’s Intergovernmental Panel on Climate Change, the margin of error in measuring emissions by DOEs can be as high as: 10% for the cement and fertilizer industries; 60% for the oil, gas, and coal industries; and. United Nations Clean Development Mechanism. 100% for some agricultural processes.

Carbon 255
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Electric vehicles trends in India

Electric Vehicles India

Electric vehicles have attracted the attention of India’s policy makers as clean technology alternatives due to their multiple advantages like higher efficiency and lower air pollution in short to medium term and reduced CO2 emissions. Electric vehicles trends in India. million in pre-series A round. Electric two-wheelers.

India 88
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We visited the OLA Future Factory: Electric Scooter Manufacturing

Plug In India

The factory was quite clean. The parts are first taken through a pre cleaning process. Then you have a station where hand cleaning is done using Isopropyl alcohol. Then the parts are cleaned with de-ionized air. There are seven cleaning tanks for the frame. Nothing slips, so nothing can be taken for granted.

Future 59