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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. This shift is already being reflected in supply-side investment.

2019 170
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Hyundai Motor Group, Aramco and KAUST collaborate on new e-fuel for novel combustion system

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Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.

Hyundai 448
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Former president of Shell Oil calls for aggressive action on alternative fuels to break oil monopoly on transportation

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John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.

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Ideanomics’ Mobile Energy Group and Petro China partner to develop clean energy fuel stations in Nanjing

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and its strategic Mobile Energy Group (MEG) announced a strategic partnership with the China National Petroleum Corporation Nanjing (CNPC or PetroChina) to begin converting existing fossil fuel gas stations in the city of Nanjing. Ideanomics Inc. We are very pleased to be working with Ideanomics’ MEG Group.

Clean 275
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Kawasaki, Subaru, Toyota, Mazda, and Yamaha partner on producing, transporting, and using carbon-neutral fuels, including hydrogen

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Subaru Corporation, Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Co., liter SKYACTIV-D (diesel) engine that runs on 100% bio-based fuel made from used cooking oil and microalgae fats supplied by Euglena Co., Kawasaki Heavy Industries, Ltd., MAZDA SPIRIT RACING Bio concept DEMIO.

Mazda 387
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Disneyland will remake its Autopia around EVs in 2026

Baua Electric

Disneyland will replace gasoline vehicles at its Autopia ride with EVs in 2026, the Los Angeles Times confirmed this week. The groups drawing attention to the disparities in recent weeks and encouraging the shift to electric are planning a Sunday morning (10 a.m.) rally celebrating the decision at Walt Disney Studios in Burbank.

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Deutsche Post DHL Group sees mass market potential for synthetic fuels in 5-10 years

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However, widespread commercial use of electric drive on long-haul and heavy-duty routes is not yet feasible. Today, the term “alternative” is used for all fuels that are not a part of the fossil fuel group—diesel, gasoline, heavy oil and kerosene. A global knowledge base is needed if we are to develop common standards.

Fuel 150