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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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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.

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Samsung Ventures makes strategic investment in renewable fuels company Raven SR

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Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. The South Korean government recently announced plans to provide 27.9

Renewable 199
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CARB: clean fuels replaced more than 50% of diesel used in California in Q1 2023

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Clean fuels replaced more than 50% of the diesel used in the state in the first quarter of 2023, according to the California Air Resources Board (CARB). The LCFS is one of several programs developed under AB 32 (the 2006 Global Warming Solutions Act) to cut California’s emissions of climate warming greenhouse gas.

Clean 367
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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. It is instructive to note that a NOC, and not an independent oil company, has the most ambitious green strategy of them all.

Oil 418
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Diamond Green Diesel to boost renewable diesel capacity to 1.2B gallons/year; $1.45B expansion project

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Darling and Valero jointly announced that their 50/50 joint venture, Diamond Green Diesel (DGD), has received approval from both companies’ Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero’s Port Arthur, Texas refinery. billion pounds of used cooking oil annually.

Diesel 397
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Volvo C40 Recharge LCA highlights huge potential of manufacturing and charging EVs with clean energy

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Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. However, a significantly lower carbon footprint is achieved when charging the car with renewable electricity, such as wind power.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

Climate 349