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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. Our forecast for global consumption of petroleum depends on uncertain economic conditions—especially in China. —EIA Administrator Joe DeCarolis.

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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

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Haru Oni e-fuels demo plant in Chile officially opens

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E-Fuels company HIF Global, together with partners, authorities, and community representatives, celebrated the production of the first liters of synthetic gasoline at the Haru Oni Demonstration Plant in southern Chile. Haru Oni will produce green hydrogen via electrolysis using renewable energy from the wind. Earlier post.).

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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

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UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” The sale of hybrid cars will be allowed until 2035.

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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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The ICCT has conducted a comprehensive global and temporal life-cycle assessment of GHG emissions from a variety of alternative passenger car powertrains and fuels. This study incorporates the near-term global warming potential of methane leakage emissions of natural gas and natural gas-derived hydrogen pathways. Source: The ICCT.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

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Volvo C40 Recharge LCA highlights huge potential of manufacturing and charging EVs with clean energy

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The C40 Recharge has a lower total carbon footprint than the XC40 ICE (E5 gasoline) for all the analyzed sources of electricity for the use phase. Materials production and refining, battery module production and manufacturing at Volvo Cars for a C40 Recharge results in nearly 70% higher GHG emissions compared to an XC40 ICE (E5 gasoline).

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