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. 2 Total SA.

Oil 418
article thumbnail

The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.

Oil 231
article thumbnail

Opinion: There Is No Such Thing As Peak Oil Demand

Green Car Congress

Notwithstanding that oil demand has increased for over 150 years, it will eventually stop increasing. If oil demand were to reach an actual peak, then the top might be easier to predict. The so-called balance of supply and demand has always been a moving target, a race to the top in which the two run neck and neck.

Oil 250
article thumbnail

Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

Green Car Congress

In addition, after announcing the capability to demonstrate a 70% sustainable-material tire in January 2022, Goodyear, working with its supply base, plans to sell a tire with up to 70% sustainable-material content in 2023. The use of soybean oil in this demonstration tire helps keep the tire’s rubber compound pliable in changing temperatures.

Oil 293
article thumbnail

Cohort of new stakeholders joins Open Hydrogen Initiative

Green Car Congress

Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4

Hydrogen 482
article thumbnail

Oak Ridge-GM prototype low-viscosity ionic liquid-additized engine oil delivers 2% fuel economy improvement over 5W-30

Green Car Congress

Prototype low-viscosity ionic liquid-additized engine oil demonstrated a 2% improved fuel economy compared to Mobil 1 5W-30 engine oil (3.93% over the 20W-30 baseline oil) in standard fuel efficiency engine dynamometer tests. 1%) in nonpolar hydrocarbon oils. However, most ILs have little or no solubility (?1%)

article thumbnail

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

Green Car Congress

The project secures the e-Methanol supply for Maersk’s first e-Methanol-driven container vessel, and thus demarks the starting point into CO 2 -neutral shipping in large-scale. For comparison: This is more than five times the total electricity consumption of Germany.

Energy 370