Oil majors in Europe investing more in biofuels

Europe’s oil majors are investing eight times more in biofuels than in hydrogen, according to a new study on behalf of the Brussels-based NGO Transport & Environment (T&E). Around 75% of the European refining sector’s €39bn ($42.23bn) of planned investments in alternative fuels up to 2030 will go towards increasing biofuels production, states the report.

Lenovo to become NetZero by 2050

Lenovo announced its goal to reach netzero greenhouse gas (GHG) emissions by 2050, validated and approved by the Science Based Targets initiative (SBTi), a partnership between the UN Global Compact, CDP and World Wide Fund for Nature – making it the first PC and smartphone maker and one of only 139 companies in the world

USD Clean Fuels to build biofuels terminal

USD Clean Fuels LLC (USDCF) has announced its intention to build a new biofuels terminal in National City, California, US, that will have the capability to transload renewable diesel, biodiesel, ethanol and sustainable aviation fuel (SAF). The terminal will be served by the BNSF Railway and will provide efficient transportation of clean fuels to the

India considers UAE’s support in developing green hydrogen industry

The UAE’s experience and know-how would help India in its green hydrogen program, authorities and experts said, following a new cooperation agreement between New Delhi and Abu Dhabi. Power and New and Renewable Energy Minister R.K. Singh visited the UAE over the weekend and signed a memorandum on green hydrogen development and investment with his

TMEIC develops a new product for electrolyzer technologies

TMEIC has developed a new generation power electronics product to achieve a high current DC power supply for modern-day electrolyzer technologies. The Type-1 system uses a 24-pulse diode front-end rectifier for AC to DC conversion. In addition, the Type-2 system uses an IGBT front-end converter for AC to DC conversion. The IGBT front-end converter offers

Oil exports to Chinese refineries increased form Kuwait

Standard & Poor’s Global Commodity Agency reported that the imports of independent Chinese refineries from Kuwait increased by 25.2% in 2022 compared to 2021, noting that Kuwait exported more than 5.5 million tons/meter in the previous year, compared to more than 4.4 million tons/meter in 2021. The agency said in a recent report that Kuwait’s

ERI first to achieve carbon neutral status

ERI, the largest fully integrated IT and electronics asset disposition (ITAD) provider and cybersecurity-focused hardware destruction company in the US, announced that it is now 100% carbon neutral for all of its operational emissions. Through years of dedication towards reducing the company’s carbon footprint along with its partnership with TIME CO2 (and the CO2.com platform),

Ascenz bags EFMS contract from a ship owner

Ascenz was selected by a major ship-owner based in Mexico to equip a tanker with its Electronic Fuel Monitoring System (EFMS). This digital solution will enable the ship-owner and the charterer to monitor and optimize the vessel’s economic and environmental performance. The implementation of the EFMS on the tanker is part of the requirements imposed

Businesses will struggle to meet netzero goals, AiDash study finds

AiDash has released its Carbon Offsetting in 2023 study that shares key findings from a global survey of more than 500 senior sustainability officers revealing sustainability strategy, carbon management planning, GHG emissions reporting, and more. The study found the majority of businesses will struggle to meet netzero goals without the use of carbon credits, but

Researchers found new enzyme to speed up sugar to biofuel

Australian researchers have found a way to more effectively convert sugarcane into the building block of aviation fuel, and other products like rubber and plastics. Sugarcane (and its waste product) is one of the crops that has shown promise in being turned into ‘biofuel’, which could one day lower aviation’s reliance on fossil fuels. The