Porsche invests on synthetic fuel start-up

Porsche is putting its money where its mouth is, investing $US75 ($104) million into a synthetic fuel startup company. Porsche already put up $US22 ($31) million into the Chilean startup HIF Global. The Haru Oni is in the testing phase and is already producing a small amount of efuel in Chile. The process of making

China-based car manufacturer BYD stops making fossil fuel cars

BYD Auto said it has stopped making fossil fuel cars since March, becoming the world’s first automaker to do so. The market is watching if more Chinese automakers will follow suit. In March 2022, the company sold more than 104,300 passenger cars, the first time it exceeded the 100,000 benchmark. The sales included 50,674 plug-in

Vedanta’s steel business on path to green transition

Vedanta Sesa Goa Iron Ore Business has said it is working on a solution to use hydrogen instead of coke in its manufacturing process. It is doing so as to reduce carbon emissions as part of its plan to shift towards “green steel”. Vedanta said it is looking for a tie-up with IIT-Bombay to carry

Mitsubishi to join hands with Shell to produce green hydrogen

Mitsubishi Corp. plans to collaborate with Shell PLC in producing green hydrogen via the development of major offshore wind farms in Europe. The plan is expected to create 400,000 tons of green hydrogen, a type of renewable energy that does not produce carbon dioxide, annually by 2030, accelerating the global push toward decarbonisation. Hydrogen is

Methane in atmosphere increased by record high in 2021

Atmospheric levels of methane, a powerful greenhouse gas, increased by a record amount for the second year in a row in 2021, according to US government data. The concentration of methane in the Earth’s atmosphere jumped by 17 parts per billion (ppb) in 2021, National Oceanic and Atmospheric Administration (Noaa) monitoring found, the largest annual

Storage of energy is an impediment on path to renewables adoption in India

India is home to 63 of the 100 most polluted cities in the world and continues to rely on diesel generators for backup energy. While the current renewable energy market is driven by traditional solar players with limited energy storage capabilities, the new renewable energy utility norms necessitate power producers to supplement five percent of

PKN Orlen to invest $1.73 bn in hydrogen projects

PKN Orlen has announced it will invest $1.73 bn on low and zero-carbon hydrogen development projects by 2030 to help build a hydrogen economy in Europe. The multi-utility company which provides energy and fuel for more than 100 million Europeans, has developed a Hydrogen Strategy covering four key areas: mobility, refining and petrochemicals, research and

EU parliament votes for full import ban on Russian fossil fuels

The European Parliament has overwhelmingly upheld a call for a swift and full embargo on Russian oil, gas, coal and nuclear fuel imports. The resolution was approved on Thursday with 413 votes in favour, 93 against and 46 abstentions and goes much further than a raft of new sanctions proposed by the European Commission this

Taiwan to achieve carbon neutrality by 2050

Taiwan’s government has announced a roadmap to achieve carbon neutrality by 2050, including goals that all new scooters and passenger cars should be electric or powered by hydrogen by 2040. The long-awaited roadmap was announced by the National Development Council (NDC) during a press conference on March 30, attended by officials from economic, technology, and

China signs another deal to buy US LNG

US-based NextDecade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years, starting as early as 2026, from the proposed Rio Grande export project in Texas. Significantly, this is the fourth US-China LNG deal struck in the past two weeks. Moreover, China-based buyers have lined up