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ICIS: EU Hydrogen Bank could bring renewable hydrogen costs below €1/kg

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By Jake Stones, hydrogen editor at ICIS ICIS data shows that renewable hydrogen could be sold for below €1/kg if a producer obtains the maximum support provided by the European Hydrogen Bank , according to the heads of terms for the bank published by the European Commission on 31 March. Funding is granted once hydrogen production starts.

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EIA projects US renewable diesel supply to surpass biodiesel in the near term but remain small part of larger diesel market

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In its Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, the US Energy Information Administration (EIA) projects that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. Source: U.S.

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Evolve to invest $600M in construction of initial HOBO renewable fuels project

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HOBO refers to the Heating Oil to Bean Oil spread which in part reflects the margin for converting waste feedstocks into renewable diesel for renewable fuel producers. HOBO Renewable Diesel expects to be in full production at this first site by Q4 2023.

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Ford sets target to become carbon-neutral globally by 2050

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Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to address climate change challenges more urgently. Carbon neutrality refers to achieving zero carbon emissions by balancing such emissions with carbon removal. Ford is investing more than $11.5

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DOE to award up to $24M to advance direct air carbon capture technology

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The US Department of Energy (DOE) will award up to $24 million for research into technology that captures carbon emissions directly from the air, replicating the way plants and trees absorb CO 2. ( DOE supports the search for carbon removal solutions at both the basic and applied science levels. DE-FOA-0002481 ).

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LR and UMAS publish techno-economic assessment of zero-carbon fuels for shipping

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The technology feasibility (technology readiness) of the vessel and bunkering technologies needed to support zero-carbon-fueled ships. The technology feasibility (technology readiness) of the vessel and bunkering technologies needed to support zero-carbon-fueled ships. —“Techno-economic assessment of zero-carbon fuels”.

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First orders for MAN G80 dual-fuel methanol engine

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MAN Energy Solutions’ methanol engines are a proven concept that combine well with methanol’s unique selling points as a fuel that include its easy storage, simple auxiliary systems, and not to forget that green methanol is entirely carbon-neutral. —Thomas S.

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