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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. This is the equivalent of the entire world’s current renewable energy production. Vancouver, Canada. 17th May 2022. MWh to €156.40/MWh MWh in 2050).

Renewable 210
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Bosch, Shell, and Volkswagen develop renewable gasoline with 20% lower CO2; rollout of Blue Gasoline this year

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Following on the introduction of R33 Blue Diesel ( earlier post ), Bosch, Shell, and Volkswagen have now developed a low-carbon gasoline. The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven. Every bit of CO?

Gasoline 393
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Kinder Morgan and Neste partner on major renewable fuels logistics project in US

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This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.

Renewable 320
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Nacero transitioning unbuilt facility from low-carbon gasoline to SAF and LCAF; TOPSOE MTJet

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Nacero will transition its current pre-construction, multi-billion USD facility in Penwell, Texas—designed to produce low carbon gasoline—to the production of sustainable aviation fuel (SAF) and lower carbon aviation fuel (LCAF).

Gasoline 199
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Ammonia market to triple by 2050 with nearly all growth coming from low-carbon supply; shift to energy markets

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The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.

Market 195
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SHV Energy and UGI to launch joint venture to advance use of renewable DME; 300 kilotons rDME/year by 2027

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SHV Energy and UGI International, a subsidiary of UGI Corporation, leading distributors of off-grid energy, intend to launch a joint venture to advance the production and use of Renewable Dimethyl Ether (rDME), a low-carbon sustainable liquid gas, to accelerate renewable solutions for the LPG industry.

Renewable 305
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DOE announces $11.5M in Phase 1 funding for carbon capture and storage program; ARPA-E FLECCS

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million in funding for 12 projects as part of Phase 1 of the Advanced Research Projects Agency-Energy’s (ARPA-E’s) FLExible Carbon Capture and Storage (FLECCS) program. Flexible Oxy-Fuel Combustion for High-Penetration Variable Renewables - $717,658. The US Department of Energy announced $11.5 Colorado State University.

Carbon 333