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bp ventures invests $10M in waste-to-biomethanol company WasteFuel; offtake MoU

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bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.

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List of The Best 10 Alternative Fuels for Cars that Could Replace Gasoline

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Which are the alternative fuels for cars that could replace gasoline in vehicle? Are you aware of the most commonly used fuel in automobiles? The answer is petroleum fuels. The fossil fuels are highly significant in the global economy. The worlds’ energy requirements are mostly meet by these petroleum fuels.

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Neste to receive €88M from EU toward green hydrogen and carbon capture & storage at Porvoo; SHARC

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The EU Innovation Fund will award a grant of €88 million to Neste’s green hydrogen and CO 2 capture & storage project, which aims to reduce greenhouse gas emissions at the Porvoo refinery in Finland. The project introduces carbon capture and storage (CCS) and electrolysis solutions that allow decarbonization of production at the refinery.

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Purolator to invest $1B to electrify Canadian network; 3,500+ electric delivery vehicles

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This includes a plan to purchase more than 3,500 fully electric last-mile delivery vehicles and the electrification of more than 60 terminals across Canada. Purolator expects to add more than 100 all-electric vehicles to its fleet this year and an additional 150 in 2024. Richmond, B.C.; and Québec City.

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DTM trialing lower-carbon high-performance racing fuel with Audi and Aston Martin

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The DTM has initiated a long-term development program for a emission-reduced high-performance fuel, beginning with trials at this weekend’s season finale, at the Hockenheimring (4-6 October). The special fuel, developed by long-time series partner Aral, consists of 50% high-quality renewable components derived from waste products.

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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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Well-to-Propeller GHG emissions results for marine alternative fuels. DNV GL has released a position paper on the future alternative fuel mix for global shipping. The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content.

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Pennsylvania DEP awards more than $4.4M in alternative fuels grants to 12 projects; bulk for natural gas

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million in Alternative Fuels Incentive Grants to 12 projects across the state. The bulk of the funding is flowing to natural gas projects, with additional funding for electric vehicle infrastructure and a biodiesel project. The projects are: Natural Gas. Talon Logistics Inc. liter 400 HP engine.