Remove Carbon Remove Clean Remove Cleaning Remove Global
article thumbnail

Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

Clean 429
article thumbnail

CARB: clean fuels replaced more than 50% of diesel used in California in Q1 2023

Green Car Congress

Clean fuels replaced more than 50% of the diesel used in the state in the first quarter of 2023, according to the California Air Resources Board (CARB). Source: CARB Carbon intensity for the LCFS program is measured through lifecycle analysis of a fuel which includes all steps from extraction, transport, and production.

Clean 367
article thumbnail

SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

Green Car Congress

Monolith’s cyan hydrogen is produced by injecting natural gas containing methane (CH 4 ) as a main component into a high-temperature reactor and decomposing it into hydrogen (H 2 ) and solid carbon (C). The solid carbon is processed into carbon black, the main component of tires, and sold. The Monolith process.

Hydrogen 468
article thumbnail

US DOE releases 2023 Critical Materials Assessment to evaluate supply chain security for clean energy technologies

Green Car Congress

The US Department of Energy (DOE) released its 2023 Critical Materials Assessment (2023 CMA), which evaluated materials for their criticality to global clean energy technology supply chains. The Assessment focuses on key materials with high risk of supply disruption that are integral to clean energy technologies.

Clean 370
article thumbnail

Volvo C40 Recharge LCA highlights huge potential of manufacturing and charging EVs with clean energy

Green Car Congress

Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. However, a significantly lower carbon footprint is achieved when charging the car with renewable electricity, such as wind power.

Recharge 433
article thumbnail

Yara Clean Ammonia and Bunker Holding to develop the market for ammonia as a shipping fuel

Green Car Congress

Yara Clean Ammonia (YCA) and Bunker Holding Group signed an MOU establishing the intention to collaborate to accelerate the development of the market for clean ammonia as a shipping fuel. This commitment will cover multiple global geographies and focus on serving First Mover initiatives spanning different regions.

Clean 195
article thumbnail

Global Clean Energy buys Bakersfield refinery for $40M, converting to produce renewable diesel

Green Car Congress

Global Clean Energy Holdings, Inc., Instead, the refinery will be repurposed to become a producer of low-carbon renewable fuels that meet the needs of the California Low Carbon Fuels Standard. through a subsidiary, has purchased Alon Bakersfield Properties, Inc., a subsidiary of Delek US Holdings, Inc.

Renewable 389