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

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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.

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ICAO establishes 2050 net-zero CO2 emission goal for international aviation

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The International Civil Aviation Organization (ICAO) has established a 2050 net-zero carbon dioxide emission goal for international aviation. The agreement is exciting, in part because ICAO has stopped pretending to be a global climate cop. gallon under the “Inflation Reduction Act”.

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Combating climate change via carbon credits | Autocar Professional

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In today’s world, climate change is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Carbon credits can help in achieving net zero goals and inculcate better business practices as well. Upon success, they receive carbon credits.

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Tenneco exploring synthetic fuels for climate-neutral mobility; NAMOSYN project

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Tenneco is putting its 100-plus years of powertrain expertise in improving vehicle fuel efficiency and reducing emissions to work to explore synthetic fuels (e-fuels) as a viable near-term solution to further maximize the efficiency and minimize the carbon footprint of internal combustion engines (ICE).

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

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Occidental announced that a wholly owned subsidiary— 1PointFive —has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. (CE) Occidental has been working with Carbon Engineering on direct air capture (DAC) deployment since 2019. Earlier post.) Earlier post.)

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Klimatklivet awards Liquid Wind €15M toward production of eMethanol

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Swedish Climate Leap, “Klimatklivet”, is investing €15 million in power-to-fuel Liquid Wind’s facility, FlagshipONE, producing eMethanol. The aim of their initiative Climate Leap is to support local and regional investments that reduce emissions of carbon dioxide and other gases that affect the climate. Earlier post.).

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Mote begins engineering work on biomass-to-hydrogen plant with carbon capture

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With the engineering work of their first facility underway, Mote expects to produce approximately seven million kilograms of carbon-negative hydrogen and remove 150,000 metric tons of CO 2 from the air annually. Earlier this year, Mote was selected for the inaugural class of Rice University’s Clean Energy Accelerator.

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