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Can a New Power Link Boost the EU’s Energy Independence?

Cars That Think

This green energy corridor could help shore up energy security in the European Union, replacing the Russian natural gas that Europe used to import. After the collapse of the Soviet Union, production and export of oil and gas proved instrumental in lifting Azerbaijan out of post-Communist poverty. It could help the E.U.

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Allianz to invest in Finnish green hydrogen and power-to-gas developer Ren-Gas; sector coupling

Green Car Congress

Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in Ren-Gas Oy , a green hydrogen and power-to-gas project developer based in Finland. Allianz will provide funding of €25 million to Ren-Gas to support the company’s project portfolio towards execution.

Gas
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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030. Financials.

Oil
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Wärtsilä and partners to cooperate in wind-to-hydrogen-to-electricity project; other power-to-X fuels

Green Car Congress

Wärtsilä Finland, the energy companies Vaasan Sähkö and EPV Energia, and the City of Vaasa, Finland have signed a letter of intent to cooperate in a project aimed at utilizing emissions-free hydrogen in power generation, industry and transportation applications.

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BASF to build new cathode active materials production site in Schwarzheide

Green Car Congress

The plant in Schwarzheide will use precursors (PCAM) from BASF’s previously announced plant in Harjavalta, Finland. The plants in Finland and Germany will offer our customers reliable access to tailored high-nickel cathode active materials in proximity to their European manufacturing facilities.

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Compact pilot plant for solar to liquid fuels production

Green Car Congress

Partners from Germany and Finland in the SOLETAIR project are building a compact pilot plant for the production of gasoline, diesel and kerosene from solar energy, regenerative hydrogen and carbon dioxide. A direct air capture unit developed by the Technical Research Center of Finland (VTT) extracts carbon dioxide from air.

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Wärtsilä to provide FEED for liquefied synthetic methane plant

Green Car Congress

The plant is to be built by Koppö Energia Oy, a joint venture company between Germany’s Prime Green Energy Infrastructure Fund and CPC Finland Oy, in Kristinestad, Finland. Earlier this year, the project was awarded the Power-to-X Innovation Award at the Tamarindo Global Wind Investment Awards ceremony.