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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. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
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Naturgy and Enagás studying production of green hydrogen from 350 MW of wind power in Asturias

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Naturgy and Enagás are studying the production of green hydrogen from a 250MW floating offshore wind farm and another 100MW onshore wind farm in Asturias (Spain) for industrial consumption in this Autonomous Region.

Wind 315
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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.

Wind 195
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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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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
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Mercedes-Benz Cars plants to source electricity from German wind farms

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Mercedes-Benz Cars has entered into a power purchase agreement with Statkraft, Europe’s largest producer of renewable energy, enabling Mercedes-Benz Cars to source electricity directly from wind farms in Germany, whose subsidies from the Renewable Energy Act (EEG) expire after 2020.

Wind 286
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KIT spin-off producing synthetic natural gas from green hydrogen and CO2 from sewage sludge

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Chemical reactor company INERATEC , a spinoff of Karlsruhe Institute of Technology (KIT), and the Spanish company GAS NATURAL FENOSA have built a plant in Spain that produces synthetic natural gas from CO 2 and renewable hydrogen. For the time being, the pilot plant at Sabadell is to produce 100 m 3 gas per day.

Kits 186
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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The recovery of energy demand in 2021 was compounded by adverse weather and energy market conditions—notably the spikes in natural gas prices—which led to more coal being burned despite renewable power generation registering its largest growth to date. billion tonnes.

Emissions 370