Remove Oil Remove Products Remove Renewable Remove Wind
article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
article thumbnail

Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

Green Car Congress

Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

Oil-Sands 225
article thumbnail

Port of Argentia, Pattern Energy & Argentia Capital reach agreement on renewable energy to green ammonia project

Green Car Congress

Nefoundland, Canada) reached a binding agreement on commercial terms with Pattern Renewable Holdings Canada 2 ULC (Pattern Energy) for a planned renewable energy to green fuels project at Argentia. Key commercial terms include land lease rates at the Port, priority berthing charges, and a wind royalty on electricity sales.

Renewable 243
article thumbnail

Cemvita demonstrates “gold hydrogen” production in situ, sets up subsidiary

Green Car Congress

Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. The hydrogen production in this trial exceeded our expectations. Green hydrogen production, however, is energy intensive and expensive. billion in 2020. billion by 2028.

Hydrogen 482
article thumbnail

bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

Green Car Congress

project for industrial-scale production of green hydrogen via the electrolysis of water using ?renewable renewable power, producing zero emissions. This will be powered by renewable energy generated by an Ørsted offshore ? This will be powered by renewable energy generated by an Ørsted offshore ?wind west Germany.

Wind 418
article thumbnail

Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

Green Car Congress

Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. Andalusia has everything it takes to become one of the most competitive regions in the world for hydrogen production.

Hydrogen 397
article thumbnail

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

Both primary energy consumption and carbon emissions from energy use fell at their fastest rate seen since the Second World War, while renewable energy continued its trajectory of strong growth, with wind and solar power recording their largest ever annual increase. World oil production fell for the first time since 2009 by 6.6

2020 397