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Evolve to invest $600M in construction of initial HOBO renewable fuels project

Green Car Congress

HOBO refers to the Heating Oil to Bean Oil spread which in part reflects the margin for converting waste feedstocks into renewable diesel for renewable fuel producers. HOBO Renewable Diesel expects to be in full production at this first site by Q4 2023.

Renewable 186
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EIA projects US renewable diesel supply to surpass biodiesel in the near term but remain small part of larger diesel market

Green Car Congress

In its Annual Energy Outlook 2022 (AEO2022) Reference case, which reflects current laws and regulations, the US Energy Information Administration (EIA) projects that renewable diesel supply (domestic production and net imports) will exceed biodiesel supply in the near term. Source: U.S.

Diesel 221
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EPA approves RFS pathway for sorghum oil as feedstock for bio-diesel or drop-in renewable fuels

Green Car Congress

The analysis considered a scenario where distillers sorghum oil is recovered from distillers grains with solubles (DGS) at dry mill plants that produce biofuel from grain sorghum and where the remaining reduced-oil DGS co-product is used as animal feed.

EPA 186
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€7M German project to develop processes and demand scenarios for the mass production of synthetic fuels; “Refineries for Future”

Green Car Congress

Synthetic fuels from renewable energy sources will be needed to reach the climate goals in the full transport sector. When talking about phasing out of combustion engines, it is referred to car engines only. This will affect future production capacities. Refuels are currently being produced on a pre-industrial scale.

Future 221
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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

Green Car Congress

EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. The US Energy Information Administration (EIA) released its Reference case projections for US energy markets through 2035. Source: EIA. Click to enlarge. Click to enlarge.

Oil 210
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EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

According to the IEO2021 Reference case, which projects future energy trends based on current laws and regulations, renewable energy consumption has the strongest growth among energy sources through 2050. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.

Global 259
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Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

Green Car Congress

A sustainable material is defined as a bio-based/renewable, recycled material or one that may be produced using or contributing to other sustainable practices for resource conservation and/or emissions reductions including mass-balance materials. The shift to sustainable materials is evident in some of Goodyear’s current product lines.

Oil 293