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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

Oil-Sands 225
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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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SAF company DG Fuels closes investments with two Japanese companies

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DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. The basis of DGF’s integrated fuel and energy technology is the proven Fischer-Tropsch process, in use for more than 60 years. Chishima Real Estate Co.,

Companies 370
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Equinor Energy & Mitsubishi Heavy to collaborate on low-carbon technology to reduce carbon footprint of oil & gas operations

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Norway-based energy company Equinor Energy and Mitsubishi Heavy Industries (MHI) signed a Memorandum of Understanding (MoU) for a low-carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations.

Carbon 191
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Siemens Energy secures 50 MW electrolyzer order from European Energy for first large-scale eMethanol project

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European Energy , a Danish developer and operator of green energy projects, has ordered a 50 MW electrolyzer from Siemens Energy for use in developing the first large-scale commercial e-Methanol production facility. End users of the e-Methanol will be the shipping company Maersk and the fuel retailer Circle K among others.

Energy 370
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Thermal Energy Partners and Schlumberger New Energy to new geothermal project development company

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Thermal Energy Partners (TEP), a developer of geothermal energy projects, and Schlumberger New Energy, a new Schlumberger business, entered into an agreement to create GeoFrame Energy, a geothermal project development company. —Ashok Belani, executive vice president, Schlumberger New Energy.

Energy 170
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AP Ventures makes follow-on investment in small-scale GTL company Greyrock Energy

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London-based AP Ventures has made a follow-on investment in Greyrock Energy , Inc. a provider of small-scale gas-to-liquids (GTL) technology. Greyrock’s systems are designed to transform a variety of gas resources (including natural gas, flare gas, bio-gas, natural gas liquids, and other feedstocks) into premium transportation fuels.

Companies 186