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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

Coal 135
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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC. AME remains the majority shareholder of HIF Global LLC. Earlier post.).

Porsche 243
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Volvo Cars? Chengdu car plant powered by 100% renewable electricity; 65% hydropower

Green Car Congress

The Volvo Cars manufacturing plant in Chengdu, the company’s largest in China, is now powered by 100% renewable electricity, taking the company’s global renewable electricity mix in its manufacturing network to 80%. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.

Volvo 389
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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor.

Oil 418
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Bosch on importance of renewable synthetic fuels to reach climate goals; e-fuels

Green Car Congress

The Paris Agreement calls for global warming to be limited to 2 ?C C above pre-industrial levels, and preferably 1.5 °C. One path to achieving this is with renewable synthetic fuels (e-fuels). Bosch outlines seven reasons why renewable synthetic fuels should be part of tomorrow’s mobility mix: Time. Climate neutrality.

Renewable 300
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Neste investing €1.9B to expand renewable products refinery in Rotterdam; 1.2 Mtpa of SAF

Green Car Congress

Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. million ton capacity for renewable products in Rotterdam is the largest in Europe.

Renewable 273
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Neste studying transitioning Porvoo refinery to a renewable & circular site; ending crude oil refining in mid-2030s

Green Car Congress

Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. Neste’s growth strategy is centered on renewable and circular solutions. Porvoo refinery.

Oil 259