Remove Gas-Electric Remove Green Remove Market Remove Renewable
article thumbnail

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

Green Car Congress

Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

Hydrogen 397
article thumbnail

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 259
article thumbnail

bp to explore potential for green hydrogen production in Egypt

Green Car Congress

bp signed a memorandum of understanding (MoU) with the Government of Egypt under which bp will explore the potential for establishing a new green hydrogen production facility in the country. Green hydrogen is produced by the electrolysis of water, powered by renewable energy.

Egypt 330
article thumbnail

EnTech Solutions, Peterbilt, Maki Trucking Partner to transport renewable natural gas with electric truck

Green Car Congress

The Peterbilt Model 579EV will deliver the RNG to the Dane County landfill facility, where it will be injected into the natural gas pipeline to be used as clean transportation fuel on the west coast. offtakes the RNG for distribution to the transportation market in California. US Gain, a division of Wisconsin-based US Venture, Inc.,

Peterbilt 195
article thumbnail

New liquid hydrogen carrier would transport green H2 from Scotland to Germany

Green Car Congress

LH2 Europe will use the abundant renewable electricity in Scotland to produce green hydrogen and market it at a competitive price with diesel. The new tanker will transport the liquid hydrogen to terminals in Germany, with a strategic vision to expand supply to other markets as demand increases. Length overall.

Hydrogen 527
article thumbnail

Get H2 partners propose green hydrogen pipeline in Europe

Green Car Congress

Seven companies from the GET H2 initiative in Europe want to build a cross-border pipeline for green hydrogen. By using green hydrogen in refineries, in steel production and for other industrial uses, the overall project should be able to avoid CO 2 emissions of up to 16 million tonnes by 2030.

Hydrogen 435
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.

Oil 418