article thumbnail

IG Metall warns that Krupp Mannesmann steel plant may fail due to lack of financing for conversion to climate-neutral steel production

Green Car Congress

IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. HKM aims to reduce CO 2 emissions by 30% by the year 2025, and then be as climate neutral as possible by 2045.

Financing 221
article thumbnail

Preem begins production of renewable diesel at Lysekil

Green Car Congress

For the first time, renewable raw materials are being converted to Swedish Environmental Class 1 diesel (maximum sulfur content of 10 ppm) at Preem’s refinery in Lysekil. The aim is to annually produce up to 950,000 cubic meters (251 million gallons US) of renewable fuel by 2024. About two-thirds of the products are exported.

Renewable 319
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

MEYER NEPTUN Engineering to cooperate with Leibniz Institute on power-to-liquid climate-neutral fuels

Green Car Congress

MEYER NEPTUN Engineering, a new startup within the Meyer Group focused on green innovations in the maritime industry, plans to work with the Leibniz Institute for Catalysis (LIKAT Rostock) on the establishment and operation of a development platform for power-to-liquid fuels from renewable energy and CO 2.

Climate 186
article thumbnail

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

Green Car Congress

By creating carbon-neutral gasoline from CO 2 captured from the air, Prometheus Fuels allows the climate impact of today’s internal combustion engines to be massively reduced immediately. The conversion of CO 2 to fuels in these inexpensive water-based systems has shown high faradic efficiencies for reduction of CO 2. 2020.01.002.

Gasoline 321
article thumbnail

IEEE Young Professionals Take On Climate Change

Cars That Think

Developing technology to address the causes of climate change, mitigate its impact, and adapt to the crisis is one of IEEE’s top priorities. To assist with that effort, the IEEE Young Professionals group this year launched its Climate and Sustainability Task Force.

article thumbnail

Porsche, Siemens Energy and partners advance climate-neutral eFuels development; Haru Oni pilot in Chile

Green Car Congress

Porsche, Siemens Energy and partners are developing and implementing a pilot project—the “Haru Oni” project—in Chile that is expected to yield the world’s first integrated, commercial, industrial-scale plant for making synthetic climate-neutral fuels (eFuels). Electrolyzers will use wind power to produce green hydrogen.

Chile 221