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Nacero awards 20-year wind power purchase agreement to NextEra for natural gas-to-gasoline plant in Texas

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Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas. Renewable natural gas.

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

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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.

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BASF and RWE proposing 2GW offshore wind farm for green electricity and hydrogen for chemical industry

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Markus Krebber (RWE), accompanied by Chairman of the Mining, Chemical and Energy Industries Union (IG BCE) Michael Vassiliadis, presented a project idea that envisions a new 2 GW offshore wind farm in the German North Sea to provide the Ludwigshafen chemical site with green electricity and enable CO 2 -free production of hydrogen.

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Successful demonstration of FlexMethanol conversion of wind power to methanol

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In Germany, BSE Engineering and the Institute for Renewable Energy Systems at Stralsund University of Applied Sciences (IRES) have demonstrated the conversion of wind power into renewable methanol. The team uses green electricity to split water into hydrogen and oxygen in an electrolysis step.

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bp to enter German offshore wind market with 4GW auction win

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bp has been awarded the rights to develop two offshore wind projects in the German tender round, marking its entry into offshore wind in continental Europe. bp will lead the development, construction and operations of these fixed-bottom offshore wind projects, with grid connection targeted by end 2030.

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Gigastack renewable hydrogen from offshore wind project advances to next phase; 100MW electrolyzer system

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The Gigastack project, led by ITM Power, Ørsted, Phillips 66 Limited and Element Energy, will show how renewable hydrogen derived from offshore wind can support the UK’s 2050 net-zero greenhouse gas emission target. from an offshore wind farm—the process of producing hydrogen from water (electrolysis) can be decarbonized.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 EIA forecasts that retail sales of electricity to the industrial sector will grow by 2.8% million barrels per day this year and 12.8

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