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Maersk and Carbon Sink partner to accelerate green methanol production; Maersk’s 8th green methanol deal

Green Car Congress

Moller - Maersk (Maersk) has entered a green methanol partnership with US-based project developer Carbon Sink LLC. This is Maersk’s 8 th such agreement in the efforts to accelerate global production of green methanol. Securing green fuels at scale in this decade is critical in our fleet decarbonisation efforts.

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Study confirms €1T green hydrogen potential for Africa

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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. This is equivalent to energy costs of US$60 a barrel.

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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland. tonnes of CO₂.

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Nacero to invest $6B in low- and zero-carbon fuels plant in PA; Nacero Blue and Nacero Green

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Texas-based fuel company Nacero ( earlier post ) will build its second low- and zero-carbon fuels plant in Newport Township, Pennsylvania. The new manufacturing facility will produce low- and zero-lifecycle carbon footprint gasoline blendstock made from natural gas and renewable natural gas.

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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

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SunGas Renewables to build $2B green methanol production facility in Louisiana

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announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. Green methanol produced by BLRE is expected to be used to fuel A.P. The BLRE project is SunGas Renewable’s first facility to produce green methanol for Maersk.

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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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