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Global Clean Energy buys Bakersfield refinery for $40M, converting to produce renewable diesel

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Global Clean Energy Holdings, Inc., GCEH will immediately commence retooling the refinery to produce renewable diesel from organic feedstocks such as vegetable oils. The balance of feedstock will be provided from various non-petroleum renewable feedstocks, such as used cooking oil, soybean oil, distillers’ corn oil, and others.

Renewable 389
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NREL releases comprehensive vision for deep decarbonization of transportation

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The National Renewable Energy Laboratory (NREL) has released a comprehensive vision for deeply decarbonizing transportation. According to the Intergovernmental Panel on Climate Change, greenhouse gas emissions must be reduced by 50%–85% by 2050 to limit global warming to two degrees Celsius (four degrees Fahrenheit).

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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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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East. —study co-author Olivia Williams.

Hydrogen 474
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.

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NTT to study hydrogen transportation through existing pipelines

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NTT Anode Energy Corporation announced a joint research and development project to study safety measures for the mass transportation of hydrogen through existing pipeline infrastructure. Verification of advantageous conditions and business establishment requirements of pipeline transportation.

Hydrogen 371
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Maersk purchases 25 Volvo FH Electric trucks for container transports in Germany

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This strategic investment highlights the company’s commitment to decarbonizing global logistics and to becoming a net-zero company by 2040 across all business areas and all modes of transport. The purchase of fully electric trucks is supported by the German Federal Ministry for Digital and Transport with more than €4.3

Germany 283