Remove Cleaner Remove Global Remove Oil Remove Renewable
article thumbnail

bp acquires 30% stake in Green Biofuels, UK’s largest provider of hydrogenated vegetable oil fuels

Green Car Congress

bp has acquired a 30% stake in Green Biofuels Ltd (GBF), the UK’s largest provider of hydrogenated vegetable oil (HVO). GBF’s products are made from renewable feedstocks such as vegetable oils, animal oils and fat. It is fully compatible with gas oil and significantly cleaner than EN590 (automotive diesel fuel).

Oil 195
article thumbnail

EU research project IDEALFUEL seeks to develop marine low-sulfur heavy fuel oils from biomass; Bio-HFO

Green Car Congress

In an EU-funded research project, an international consortium is aiming to develop new production methods for sustainable marine fuels to replace heavy fuel oils in shipping. Although cleaner fuels are available, many companies opt for HFOs due to their low cost. However, HFOs are banned in the national waters of many countries.

Mariner 273
article thumbnail

IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

Global 344
article thumbnail

1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

Photo: Tesla Without EVs, solar, wind, and nuclear, the global rise in emissions in the last five years would have been three times larger, new International Energy Agency (IEA) analysis shows. Renewables curbed emissions rise in 2023 The bad news is that energy-related emissions rose in 2023.

Global 52
article thumbnail

IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

Green Car Congress

An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8

Estonia 236
article thumbnail

Continental Aerospace Technologies finalizing HVO testing for use in CD-100 engine series

Green Car Congress

Continental, a subsidiary of Continental Aerospace Technologies Holding Limited, is finalizing testing of Hydrotreated Vegetable Oil (HVO) as a sustainable fuel option in its CD-100 series of engines. HVO is a renewable and carbon-neutral fuel alternative. Hydrotreated vegetable oil is one of many sustainable alternative fuels.

Engine 195
article thumbnail

IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

Green Car Congress

Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8

2018 191