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3 Oil Majors That Bet Big On Renewables

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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. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

Oil 418
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Norwegian startup Blastr plans €4B green steel plant in Finland

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Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. Green steel will be a critical raw material for developing renewable energy infrastructure, such as wind turbines, as well as in segments such as construction, the automotive industry, and consumer goods. tonnes of CO₂.

Finland 437
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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Electra uses renewable energy to refine low-grade iron ores into high-purity iron through electrochemical and hydrometallurgical processes. The company electrochemically refines iron ore into pure iron at 60 degrees Celsius (140 degrees Fahrenheit) using renewable electricity. Electra’s process results in zero carbon dioxide emissions.

Carbon 293
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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced. We also have a historic opportunity to decentralize the global iron and steel supply chain and re-shore manufacturing and mining jobs.

Coal 360
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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For battery EVs, the GHG emissions for “fuel/electricity” production are dominated by the coal and natural gas used in electricity generation. —“A global comparison of the life-cycle greenhouse gas emissions of combustion engine and electric passenger cars”. Source: The ICCT.

Hydrogen 418
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Keliber says studies show its lithium hydroxide will have smaller carbon footprint than most of the competition

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More than half of the electricity from the Finnish national grid is generated from renewable energy sources. In the comparison, Keliber shows the lowest emission intensity of 4.38 The CO 2 emissions are more than 16 tonnes/produced tonne, due to the dominance of coal as the energy source.?. tonnes/produced tonne.

Carbon 418
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SRI developing process for co-gasification of methane and coal to produce liquid transportation fuels; negligible water consumption, no CO2

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Researchers from SRI International (SRI) are developing a methane-and-coal-to-liquids process that consumes negligible amounts of water and does not generate carbon dioxide. Lifecycle GHG comparison. In conventional CTL approaches, energy is supplied by burning a portion of the coal feed, which then produces carbon dioxide.

Coal 257