article thumbnail

ExxonMobil increases purchases of renewable diesel from Global Clean Energy Holdings to up to 5M barrels per year

Green Car Congress

ExxonMobil and Global Clean Energy have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel to up to 5 million barrels per year. The original agreement signed in August 2020 committed ExxonMobil to purchase 2.5 Earlier post.). million barrels of renewable diesel per year.

Purchase 186
article thumbnail

KLM purchases Neste SAF for flights out of Schiphol

Green Car Congress

KLM has purchased sustainable aviation fuel (SAF) for flights out of Amsterdam Airport Schiphol. The sustainable fuel is produced by Neste from used cooking oil and will reduce CO 2 emissions by up to 80% compared to fossil kerosene. Furthermore, Neste is joining KLM’s Corporate BioFuel Program.

Purchase 170
article thumbnail

Global Bioenergies receives 13 LOIs for purchases covering the capacity of its renewable isobutene and derivatives plant

Green Car Congress

Global Bioenergies has received 13 letters of intent from French and international industrial leaders for purchases totaling 49,000 to 64,000 tons of isobutene and derivatives annually. The internal return rate (IRR) is around 18% in our base case scenario, well above average for industrial projects.

Purchase 207
article thumbnail

Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

article thumbnail

Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

article thumbnail

GlobalData: COVID-19 puts EV sales and CO2 fleet emission targets at risk

Green Car Congress

GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. —Mike Vousden, Automotive Analyst at GlobalData.

CO2 353
article thumbnail

Neste-led project verified 50% methane emission reduction at palm oil mills using belt filter press

Green Car Congress

Crude palm oil is one of the more than ten renewable raw materials that Neste uses to produce a range of renewable products, including renewable diesel. Palm oil represents approximately 20% of Neste’s renewable raw material usage annually. The field work was conducted by Meo Carbon Solutions. Schematic of a belt filter press.

Oil 244