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At the moment, the Caucasus nations dont produce enough renewable electricity to export it, so they would have to build at least three times more capacity. In 2016, for example, the country set a goal of sourcing 20 percent of its energy from renewables by 2020. Azerbaijan built its economy on its abundant fossil fuels.
The goal of the partnership is to develop a cost-effective solution to long-haul freight that aims to reduce the carbon footprint of commercial transportation. CNG stations supplied with 100% renewable natural gas (RNG). Mack touted the Pioneer can run on HVO (hydrotreated vegetable oil) fuel or renewable diesel.
But that’s exactly how it’s viewed by a group of New Zealand engineers. Our inputs are rock, water, and renewable energy, and our products come with no CO 2 emissions.” About 40 percent is a magnesium product suitable for use in carbon sequestration, wastewater treatment, and alloy manufacturing, among other things.
Experts from Autovista Group analyse the value retention trends with Autovista24 editor Tom Geggus. The powertrains %RVs continue to trail behind the wider market average in all seven of Autovista Groups observed markets. days slower than in January, explained Robert Madas,Autovista Groups regional head of valuations.
The news that Orsted will not go ahead with Hornsea 4 in its current form reflects the significant challenges the offshore wind sector is facing, Dhara Vyas, chief executive officer of industry group Energy UK. The UK is aiming for 95% of the countrys electricity from low-carbon sources like renewables or nuclear power by 2030.
31 January 2025 Read next Autovista Groups 2025 residual value outlook 30 January 2025 Read next Strong growth for the EU LCV market in 2024 30 January 2025 Read next New and used-car values in Poland impact international markets 29 January 2025 Major carmakers have made clear their powertrain priorities.
ECB Group Paraguay and Shell Trading (US) Company signed a multi-year contract that will provide more than 500 million liters (130 million gallons US) of renewable diesel and renewable jet fuel per year to Shell, one of the world’s largest energy companies. —founder and CEO of the ECB Group, Erasmo Carlos Battistella.
The sector has attracted a lot of attention in recent years because it can provide carbon-free power around the clock—something solar and wind can’t do—and technological advances are making it possible to deploy geothermal in places that conventional plants can’t go. The first phase of that project is set to come online in 2027.
and HCS Group GmbH, a long-time customer of Gevo, have signed a project memorandum of understanding (MOU) to develop and to build a renewable hydrocarbon facility at HCS Group’s site located in Speyer, Germany, which would utilize Gevo’s low-carbon sustainable aviation fuel (SAF) technology: Alcohol-to-Jet Synthetic Paraffinic Kerosene.
Biofuels producer Renewable Energy Group joined Iowa State University (ISU) at the BioCentury Research Farm (BCRF) to mark the start of a new hydrotreater pilot plant. REG converts waste and byproduct fats and oils into biodiesel and renewable diesel.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. To be a member, a company must have significant power footprint (i.e.
The BMW Group is expanding sourcing of low-carbon steel to two suppliers, meeting up to 40% of steel demand at European plants by 2030. In October 2001, the group announced an agreement with Swedish startup H2 Green Steel. Our aim is to reduce vehicles’ lifecycle carbon footprint with a holistic approach.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Top: Steel Dynamics; Center: US Steel; Bottom: HBIS Group.
In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. In April, the company completed the diesel hydrotreater conversion, which will ramp up to 8,000 bbl/d (120 million gallons per year) of renewable diesel production by the third quarter of 2021.
Renewable Energy Group (REG) has entered into an agreement with Hunt & Sons, Inc. REG Ultra Clean blends biodiesel and renewable diesel. The patent-pending combination delivers both biodiesel’s excellent lubricity and renewable diesel’s high Cetane and low Cloud Point in a 100% renewable fuel.
DHL Express is the first within Deutsche Post DHL Group to test hydrogen-fueled trucks for the long haul. The program’s goal is to facilitate the development of low-carbon heavy-duty vehicles on hydrogen for logistic applications and gain practical experience in different regions. —Alberto Nobis, CEO DHL Express Europe.
As part of a pilot project, Audi is procuring 20-inch wheels for the Audi e-tron GT electric car that are made from low-CO 2 emission aluminum supplied by Alcoa to RONAL GROUP, the wheel’s manufacturer. The site has been supplied with renewable energy since 2020. Source: Alcoa.
ENGIE has taken the Final Investment Decision in the development of one of the world’s first industrial-scale renewable hydrogen projects, to be located in the Pilbara region of Western Australia. Yuri roadmap. As announced in 2021, the Yuri project is being developed with the support of a $47.5-million
The BMW Group is building a high-voltage battery assembly for the vehicles of the NEUE KLASSE at its site in Hungary. —Markus Fallböhmer, Senior Vice President of Battery Production at the BMW Group. The battery assembly will be located on the site of the Debrecen vehicle plant, which started construction about six months ago.
Renault Group and Vulcan Energy Resources , a lithium developer targeting carbon-neutral lithium production ( earlier post ), have signed a lithium offtake term sheet. Vulcan’s Zero Carbon Lithium process flow sheet. Vulcan aims to produce both renewable geothermal energy and lithium hydroxide, from the same deep brine source.
The technology group Wärtsilä has issued a report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, describing the environmental and economic opportunities for states that decarbonize rapidly. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.
Renewable Energy Group has introduced a line of branded fuel solutions, EnDura Fuels. This branded product launch supports Renewable Energy Group’s ongoing efforts to help the transport industry meet its sustainability and business growth objectives, while strengthening the company’s position in the marketplace.
Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. Rosatom systematically develops carbon-free energy generation, and our projects aren’t limited by our extensive capacity in nuclear. million customers, 28.1
At its recent “Kia Sustainability Movement” virtual presentation, Kia Corporation announced a commitment to achieve carbon neutrality throughout its value chain by 2045. Achieving carbon neutrality will be based on three key pillars: Sustainable Mobility; Sustainable Planet; and Sustainable Energy. Earlier post.).
UrbanX RenewablesGroup of Long Beach, CA, executed a front-end engineering design (FEED) contract with Hyundai Engineering Co., Ltd—an essential step for building the state’s first facility producing ultra-low carbonrenewable diesel. It can also yield a prime sustainable aviation fuel (SAF). UrbanX process flow.
By achieving this accelerated goal, GM expects to avoid the production of an estimated 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030, equal to the emissions produced by burning 1 billion pounds of coal. Sourcing renewable energy is a critical component of GM’s plans to decarbonize.
The technology group Wärtsilä and Vantaa Energy Ltd., The Power-to-Gas facility would produce carbon-neutral synthetic biogas using carbon dioxide emissions and electricity generated at the waste-to-energy plant. The co-development agreement was signed in May and is valid for 12 months.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, says it will be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021. This is why we have taken the decision to neutralize the carbon emission of all our LCL shipments.
Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. The ReFactory aims to achieve a negative carbon balance by 2030—an objective in line with the Group’s ambition to achieve carbon neutrality in Europe by 2050.
FPT Industrial, the global powertrain brand of Iveco Group, inaugurated the new Turin (Italy) ePowertrain plant, a manufacturing site fully dedicated to the production of the electric powertrain range and Iveco Group’s first completely carbon-neutral plant.
The Jadar project would support the evolution of Rio Tinto—one of the world’s largest miners—into a chemical producer to make battery-grade lithium carbonate, a critical mineral used in large-scale batteries for electric vehicles and storing renewable energy. This is a significant moment for the lithium industry.
The technology group Wärtsilä is developing the combustion process in its gas engines to enable them to burn 100% hydrogen fuel. In addition to hydrogen, other potential renewable fuels are being studied for future applications, and Wärtsilä engines are already capable of combusting 100% synthetic carbon-neutral methane and methanol.
Energy major Total, through its wholly-owned subsidiary Saft, and Groupe PSA with Opel, intend to establish a joint venture named Automotive Cell Company (ACC) to develop EV battery manufacturing in Europe. —Carlos Tavares, Chairman of the Managing Board of Groupe PSA.
In a New Year’s message, Hyundai Motor Group Chairman Euisun Chung outlined the company’s strategic direction and commitments for the year 2021 and beyond. Hyundai Motor Group plans to expand its battery electric vehicle lineup from the current eight models to 23 by 2025 and sell 1 million units annually in global markets.
Denmark has been a global leader in sustainability, and has pledged to reduce its carbon emissions by 70% by 2030. While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation.
SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). The Monolith process.
The Rhodium Group, an independent research provider, estimates that, after a sharp uptick in 2018, US greenhouse gas (GHG) emissions fell by 2.1% The switch from coal to natural gas and renewables in the electric power sector accounts for the majority of the progress the US has made in reducing emissions over the past decade.
Four key Hyundai Motor Group affiliate companies—Hyundai Motor Company (Hyundai Motor), Kia Corporation (Kia), Hyundai Mobis, and Hyundai Wia—are now members of Climate Group’s RE100 , a global initiative committed to large corporates moving toward 100% renewable electricity.
and Toyota Tsusho Corporation agreed to establish Toyota Green Energy LLP for the purposes of obtaining and managing renewable energy sources in Japan and supplying electric power from renewable energy sources to the Toyota Group in the future. Toyota Motor Corporation, Chubu Electric Power Co.,
Several organizations, encompassing companies, research labs, and academia, have formed the Hydrogen Opposed Piston Engine Working Group. The Working Group consists of members undertaking research and development in the field of hydrogen combustion in an opposed-piston engine. The only criteria emission of concern is NO x.
Elkem, a company developing silicones, silicon products and carbon solutions, officially inaugurated the world’s first carbon capture pilot for smelters. The Mobile Test Unit (MTU), delivered by Aker Carbon Capture, is now connected to Elkem’s plant in Rana, Norway, which produces high-purity ferrosilicon and microsilica.
Novvi LLC announced the successful start-up of its Deer Park, TX plant, where it is manufacturing and marketing 100% renewable base oils ( NovaSpec Base Oils ) for the lubricants industry, and 100% renewable process oils for polymer, adhesives, and personal care industries. Novvi is a joint venture of Amyris, Inc.,
This lithium will be produced from geothermal brine through a closed-loop, direct lithium extraction (DLE) process that results in a smaller physical footprint, no production tailing and lower carbon dioxide emissions when compared to traditional processes such as pit mining or evaporation ponds.
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