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SK invests in electrofuels company Infinium

Green Car Congress

The investment will support acceleration of Infinium’s commercial developments globally. Infinium Electrofuels technology converts carbon dioxide waste and renewable power through its proprietary process to create hydrogen-based alternatives to traditional fossil-based fuels. Earlier post.) Infinium electrofuels process.

Companies 435
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Chartwell secures £320k Innovate UK Smart Grant to develop methanol-fueled vessel design

Green Car Congress

Chartwell Marine has won a £320k Innovate UK Smart Grant. Methanol fuel presents a significant opportunity to decarbonize in a maritime industry which is confronted with the debate over sustainable fuel alternatives, as it can be produced from biomass and can carry a near-zero carbon footprint.

Grant 273
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USDA, DOE and US Navy to invest up to $510M over next 3 years to build out drop-in biofuel production capacity for military and commercial transportation

Green Car Congress

US President Barack Obama announced that the US Departments of Agriculture, Energy and Navy will jointly invest up to $510 million ($170 million each) during the next three years in partnership with the private sector to produce advanced drop-in aviation and marine biofuels to power military and commercial transportation.

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IEA roadmap concludes biofuels can provide up to 27% of world transportation fuel by 2050

Green Car Congress

While vehicle efficiency will be the most important and most cost-efficient way to reduce transport-emissions, biofuels will still be needed to provide low-carbon fuel alternatives for planes, marine vessels and other heavy transport modes, and will eventually provide one fifth (2.1 —Bo Diczfalusy.