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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Investment in green infrastructure key, as shipping will carry more than half of the world’s net-zero fuels by 2050, report estimates. London, UK.

Renewable 210
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Tesla publishes Master Plan Part 3; $10.4T for a sustainable global energy economy

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During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.)

Economy 464
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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. These electricity-based synthetic fuels enable nearly-CO 2 -neutral operation of combustion engines. In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC.

Porsche 243
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Diamond Green Diesel to more than double renewable fuel capacity using second Honeywell Ecofining unit; 675M barrels renewable diesel per year

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will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. and Darling Ingredients Inc.,

Renewable 397
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Industry & environmentalists tell EU the future of shipping fuel is green hydrogen and ammonia

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The EU should promote the use of green hydrogen and ammonia by ships as part of its upcoming maritime fuel law, major shipping industry players and environmentalists have told the European Commission. The FuelEU Maritime initiative will require ships carrying EU trade to progressively switch to sustainable alternative fuels.

Hydrogen 360
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Cummins and Chevron advance strategic collaboration; focus on lower carbon-intensity fuels

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Cummins and Chevron USA, a subsidiary of Chevron Corporation announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. This collaboration is intended to encourage commercial and industrial adoption in North America.

Chevron 284
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India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone

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The MoU is preliminary agreement to establish an industrial complex project with total targeted investments estimated at $8 billion, said Yehia Zaki, chairman of the Suez Canal economic zone. million tons of green ammonia, said Zaki.

Egypt 259