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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. Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa.

Renewable 210
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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. billion will expand Neste’s overall renewable product capacity by 1.3

Renewable 273
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Westinghouse, Bloom Energy to accelerate large-scale hydrogen production in nuclear industry; high-temperature integrated electrolysis

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Westinghouse Electric Company and Bloom Energy Corporation have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry.

Hydrogen 319
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€7M German project to develop processes and demand scenarios for the mass production of synthetic fuels; “Refineries for Future”

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Synthetic fuels from renewable energy sources will be needed to reach the climate goals in the full transport sector. To cover future needs of heavy-duty vehicles, airplanes, and ships and provide chemical industry with basic substances, we will require the corresponding industrial facilities.

Future 221
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Max-Planck-Institut team uses ammonia for direct reduction for more sustainable steel production

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In their study, the researchers show that ammonia-based reduction of iron oxide proceeds through an autocatalytic reaction, is kinetically as effective as hydrogen-based direct reduction, yields the same metallization, and can be industrially realized with existing technologies. —Ma et al. Resources Ma, Y., Jovičević-Klug, M.,

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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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The investment is the biggest milestone to date of Cepsa’s Positive Motion energy transition plan to lead sustainable mobility and the production of green hydrogen and advanced biofuels in Spain and Portugal this decade. Andalusia has everything it takes to become one of the most competitive regions in the world for hydrogen production.

Hydrogen 397
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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. Initiated by Porsche and implemented with partners including Siemens Energy and ExxonMobil, production of eFuels from hydrogen and CO 2 using wind energy is expected to start there in mid-2022.

Porsche 243