article thumbnail

Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

Gasoline 357
article thumbnail

BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

Green Car Congress

BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. The effective upgrading of alcohols to gasoline, diesel, and jet fuels.

Gasoline 321
article thumbnail

Nacero selects Topsoe’s TIGAS technology for gas-to-gasoline unit; reducing lifecycle carbon footprint up to 50%

Green Car Congress

Nacero has licensed Topsoe TIGAS (Topsoe Improved Gasoline Synthesis) technology for its multi-billion USD natural-gas-to-gasoline facility in Penwell, Texas to produce 100,000 barrels per day of gasoline component ready for blending into US commercial grades. The captured CO 2 will be used for enhanced oil recovery.

Gasoline 221
article thumbnail

US rejects Keystone XL pipeline, citing combatting climate change as critical factor; Kerry: arguments pro and con “overstated”

Green Car Congress

The proposed project would not lead to lower gasoline prices for American consumers. The critical factor in my determination was this: moving forward with this project would significantly undermine our ability to continue leading the world in combatting climate change.

article thumbnail

US rejects Keystone XL pipeline, citing combatting climate change as critical factor; Kerry: arguments pro and con “overstated”

Green Car Congress

The proposed project would not lead to lower gasoline prices for American consumers. The critical factor in my determination was this: moving forward with this project would significantly undermine our ability to continue leading the world in combatting climate change.

article thumbnail

OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

Green Car Congress

fuel taxes increased between 2012 and 2015 in some large countries, and first steps towards removing lower tax rates on diesel compared to gasoline are taken, but apart from that there are no signs that the polluter pays principle determines the energy tax landscape more strongly in 2015 than in 2012. —“Taxing Energy Use 2018”.

article thumbnail

SoCalGas reduces CNG price by $0.26 per gallon at its fueling stations by using LCFS credits

Green Car Congress

SoCalGas) will lower the price of compressed natural gas at all of its 13 public access natural gas vehicle fueling stations by $0.26 Natural gas costs significantly less than gasoline or diesel per GGE. For example, the average pump price at utility compressed natural gas stations was $2.37 Southern California Gas Co.

Price 223