Remove Companies Remove Energy Remove Oil Remove Renewable
article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

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
article thumbnail

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

Green Car Congress

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
article thumbnail

Port of Argentia, Pattern Energy & Argentia Capital reach agreement on renewable energy to green ammonia project

Green Car Congress

(Nefoundland, Canada) reached a binding agreement on commercial terms with Pattern Renewable Holdings Canada 2 ULC (Pattern Energy) for a planned renewable energy to green fuels project at Argentia. Pattern Energy is taking a lease option on some 6,000 acres of industrial and forest lands owned by the Port.

Renewable 243
article thumbnail

Casterra to sell castor seeds for cultivation to leading oil and gas company; $9.1M initial purchase

Green Car Congress

an integrated castor cultivation solution company and a subsidiary of Evogene Ltd. signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. of the current world demand for non-fossil oil for biodiesel.

Oil 276
article thumbnail

Phillips 66 progressing its conversion of California refinery to renewable fuels

Green Car Congress

In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. Earlier post.).

article thumbnail

Samsung Ventures makes strategic investment in renewable fuels company Raven SR

Green Car Congress

Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. The South Korean government recently announced plans to provide 27.9

Renewable 199
article thumbnail

Nextchem and Saola Energy partner to deliver renewable diesel technology

Green Car Congress

NextChem, an Italian renewable energy technology company, is partnering with Kansas-based Saola Energy to support the production of renewable diesel from vegetable oils and residual fats. Renewable diesel commands a substantial premium over biodiesel.

Renewable 243