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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

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Delta Air Lines signs 75 MGPY for 7 years SAF deal with Gevo; oneworld Alliance members plan to buy 200 MGPY

Green Car Congress

SAF is a critically important lever we have available today to help our industry reduce the lifecycle carbon emissions from aviation fuel. Gevo has developed two alcohol-to-jet (ATJ) pathways that can utilize various low-carbon feedstocks grown using sustainable agriculture. oneworld Alliance.

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Qatar invests US$112M for a 10% share in Rolls-Royce’s small modular reactor business

Green Car Congress

Rolls-Royce Group has reached agreement with Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, to invest £85 million (US$112 million) in Rolls-Royce SMR Limited (Rolls-Royce SMR). Rolls-Royce SMR will draw upon standard nuclear energy technology that has been used in 400 reactors around the world.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

The loss of oil supplies in Libya and elsewhere was eventually more than offset by large production increases among Middle Eastern OPEC members, leading to record oil production in Saudi Arabia, the UAE and Qatar. Natural gas trades grew modestly by 4%, driven by liquefied natural gas (LNG) growth of 10.1%, with Qatar (+34.8%) taking 87.7%

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

Green Car Congress

A 2004 lifecycle analysis synthesis report prepared by Five Winds International for ConocoPhillips, Sasol Chevron and Shell International Gas concluded that: Total GHG emissions of the GTL system are between 12% less and 11% more than the refinery system, based on varying assumptions and data. Emissions performance of GTL diesel.

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