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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Initiated by Porsche and implemented with partners including Siemens Energy and ExxonMobil, production of eFuels from hydrogen and CO 2 using wind energy is expected to start there in mid-2022.

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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Source: BloombergNEF.

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For In the U.S.,

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Ørsted acquiring 45% ownership of Liquid Wind FlagshipONE e-methanol project

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Ørsted and Liquid Wind AB have reached an agreement under which Ørsted will acquire a 45% ownership share of Liquid Wind AB’s FlagshipONE e-methanol project. Liquid Wind AB plans to establish a series of facilities across Sweden to decarbonize the maritime sector, of which FlagshipONE will be the first. Earlier post.).

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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

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The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

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Haru Oni e-fuels demo plant in Chile officially opens

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E-Fuels company HIF Global, together with partners, authorities, and community representatives, celebrated the production of the first liters of synthetic gasoline at the Haru Oni Demonstration Plant in southern Chile. We are very interested in importing climate-friendly hydrogen derivatives and fuels. Earlier post.).

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