Remove Climate Remove CO2 Remove Commercial Remove Cost
article thumbnail

Viridos executes agreement with ExxonMobil to help scale algae biofuels toward commercial levels

Green Car Congress

earlier known as Synthetic Genomics, has signed a joint development agreement with ExxonMobil Research and Engineering Company (EMRE) with the intent to bring Viridos’ low-carbon intensity algae biofuels toward commercial levels. At that time, ExxonMobil expected to spend more than $600 million, which includes $300 million in internal costs.

article thumbnail

Climeworks launches world’s first commercial plant to capture CO2 from air; potential for CO2-neutral fuels

Green Car Congress

Switzerland-based Climeworks, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), recently launched the world’s first commercial plant that captures atmospheric CO 2 for supply and sale to a customer. The plant is now supplying 900 tonnes of CO 2 annually to a nearby greenhouse to help grow vegetables.

article thumbnail

Santos reports successful CO2 capture and storage injection trial in Moomba CCS project

Green Car Congress

Santos Managing Director and CEO Kevin Gallagher said the successful injection occurred earlier this month in the Strzelecki field in the Cooper Basin and Santos would now finalize technical and commercial arrangements with the aim of having the 1.7 million tonne per year project ready for Final Investment Decision by the end of the year.

CO2 243
article thumbnail

Euro Parliament committee backs revised CO2 standards for cars and vans; zero-emission road mobility by 2035

Green Car Congress

The European Parliament Committee on the Environment, Public Health and Food Safety (ENVI) adopted this week, with 46 votes in favor, 40 against and two abstentions, a position on proposed rules to revise the CO 2 emission performance standards for new cars and vans in line with the EU’s increased climate ambition.

Emissions 284
article thumbnail

EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

Green Car Congress

CO 2 emissions from the residential and commercial sectors (associated with natural gas and distillate fuel oil consumption, for example) were nearly unchanged from 2018, and the increase in industrial sector CO 2 emissions (+8 MMmt) partially offset a decrease in transportation sector CO 2 emissions (-13 MMmt).

2019 273
article thumbnail

Volvo Group, Daimler Truck, and the TRATON Group to form JV to install & operate European high-performance charging network; €500M investment

Green Car Congress

Leading commercial vehicle manufacturers Volvo Group, Daimler Truck, and the TRATON Group have signed a binding agreement to create a joint venture (JV) to install and to operate a high-performance public charging network for battery-electric, heavy-duty long-haul trucks and coaches across Europe.

Volvo 299
article thumbnail

U-Mich researcher’s first-principles analysis challenges conventional carbon accounting for biofuels; implications for climate policy

Green Car Congress

In a paper that could have a significant impact on climate policies for transportation fuels, Dr. John M. Accordingly, DeCicco concludes, strategies should move away from a downstream focus on replacing fuel products to an upstream focus on achieving additional CO 2 uptake through the most cost-effective and least damaging means possible. “

Climate 273