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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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In their proposed Lingen Green Hydrogen project, the two firms intend to build an initial 50 ?megawatt wind farm in the North Sea and the hydrogen produced will be used in the refinery.?. —Martin Neubert, executive vice president and CEO of offshore wind, Ørsted. ??. renewable power, producing zero emissions. west Germany.

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Statoil to build the world’s first floating wind farm: Hywind Scotland

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Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The wind farm will power around 20,000 households. Statoil is proud to develop the world’s first floating wind farm. Production start is expected in late 2017.

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Shell to build one of Europe’s biggest biofuels facilities for SAF and renewable diesel; 820,000 tonnes/year

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Royal Dutch Shell will build an 820,000-tonnes-a-year biofuels facility at the Shell Energy and Chemicals Park Rotterdam, the Netherlands, formerly known as the Pernis refinery. Hydrogen and high-pressure steam are then used in the production process to convert oils into fuels (hydroprocessing), helping to reduce the fuel’s carbon intensity.

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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 As for OPEC+, total oil output in 2023 may fall as embargoes and sanctions shut in Russian volumes and producers outside the Middle East suffer further declines. Preliminary data for May show total OECD stocks building by 6 mb.

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Cargill, BAR Technologies testing WindWings on cargo vessel

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meters in height that can be fitted to the deck of cargo ships to harness the power of wind. Produced by industrialization partner Yara Marine Technologies, the WindWings are expected to generate average fuel savings of up to 30% on new build vessels, which could be even higher if used in combination with alternative fuels.

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