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bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

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bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.

Oman 321
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Neste investing €1.9B to expand renewable products refinery in Rotterdam; 1.2 Mtpa of SAF

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Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. million ton capacity for renewable products in Rotterdam is the largest in Europe.

Renewable 273
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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. In this way, raw materials can be used multiple times in a circular economy, thereby conserving natural resources.

BMW 444
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bp ventures invests $10M in waste-to-biomethanol company WasteFuel; offtake MoU

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bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.

Waste 284
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SHV Energy and LanzaTech partner to develop renewable propane solutions

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SHV Energy and LanzaTech are partnering to employ LanzaTech’s Carbon Capture and Transformation (CCT) technology to bring renewable propane and other sustainable fuels to the market via existing and novel pathways. Additional plants are under construction globally. —Bram Gräber, SHV Energy CEO.

Renewable 195
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Topsoe selected by World Energy GH2 to supply ammonia loop for Canada’s largest renewable hydrogen plant

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Topsoe has signed an agreement with World Energy GH2 , a net-zero solutions provider, to provide Topsoe’s dynamic ammonia loop technology for Canada’s largest—and one of the world’s first-to-market, renewable hydrogen projects—Project Nujio’qonik. World Energy GH2 is a Newfoundland and Labrador-based renewable energy company.

Hydrogen 150
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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Tesla in Berlin, Northvolt in northern Germany and Italvolt near Turin are among the projects that stand to lose the greatest volumes of their slated capacity as the companies weigh up investing in the US instead. Battery investment in the US and China continued to grow, and European companies have already signalled expansion in America.

Companies 430