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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC. Porsche has been researching the use of renewable fuels for some time. Earlier post.).

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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. MWh to €156.40/MWh MWh in 2050). billion in 2017 to $1.6 billion in 2019.

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BNEF: cost of new renewables rises as inflation starts to bite

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Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. These cost hikes mark a rough patch for renewables, but not an inflection point.

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Fincantieri and Enel Green Power Italia to explore use of green hydrogen in ports and long-range maritime transport

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Fincantieri and Enel Green Power Italia have signed a memorandum of understanding (MOU) to define an integrated solution for the production, supply, management and use of green hydrogen for port areas and long-range maritime transport.

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ExxonMobil and Porsche testing biofuels and lower-carbon eFuel in race conditions

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ExxonMobil and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels as part of a new agreement to find pathways toward potential future consumer adoption. As early as 2022, the companies plan to test the second iteration of Esso Renewable Racing Fuel, which will contain eFuel components. Earlier post.).

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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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The new “Green Hydrogen Catapult” initiative will see green hydrogen industry leaders target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram.

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Bio Architecture Lab and Statoil Partner to Commercialize Macroalgae-to-Ethanol Process in Norway

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Statoil is responsible for developing and managing the seaweed aquafarming operations, with consultation from BAL, which already has aquafarming operations in Chile. BAL has been building out a similar program off the coast of Chile as part of a program funded by the Chilean government. Earlier post.)

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