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.

Green hydrogen the fuel of the future has a disadvantage too

Made exclusively with renewable power, green hydrogen is emerging as a promising alternative to polluting fossil fuels. But this much-touted fuel of the future may have a pitfall. Some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry. At least four

Hydrogen is changing energy sector dynamics

The momentum behind hydrogen has remained strong over the past year, but unexpected twists are changing what insiders are calling the “hydrogen race.” The European Union, the region which just two years ago held a competitive know-how advantage, is now getting caught up in defining its own regulatory framework. These rules are needed to create

Neste awarded green H2 grant

Neste Oyj said that it won a EUR-27.7-million ($29.4m) grant from state-run organization Business Finland for its green hydrogen projects in Porvoo as a result of their IPCEI designation. In July, Neste was selected by the European Commission to receive national public funding under the IPCEI Hy2Tech initiative of the State aid framework for Important

CO2 emissions lowest in Europe in November, says CREA report

CREA, the Center for Research on Energy and Clean Air, tracks carbon emissions in Europe. In its latest report, it says November 2022 saw the lowest values for the month in the EU in at least 30 years for total CO2 emissions, gas consumption, power sector CO2 emissions, and power generation from fossil fuels. Some

Green hydrogen projects ramping up in Asia

The race to establish green hydrogen production bases in the Asia-Pacific region is heating up, with Western and regional companies cooperating on massive projects to produce what many see as a next-generation power source. Danish multinational Orsted, the world’s largest offshore wind power company, is considering entering the market, as are major Western oil companies.

Underwater pipeline to bring hydrogen to Europe will be completed by 2030

An ambitious underwater pipeline to bring hydrogen from the Iberian Peninsula to the rest of Europe will be completed by 2030 and cost some 2.5 billion euros, the leaders of France, Spain and Portugal said. The H2Med project comes as Europe is scrambling to reduce its dependence on Russian energy following Moscow’s invasion of Ukraine.

Asia may absorb half of the Russian crude displaced by EU

Asia may be able to incrementally absorb only half the Russian crude volumes displaced as a result of the European Union sanctions taking effect, and the price cap of $60/b may not be able to create immediate hurdles for oil flows from the non-OPEC supplier. While Russia has been arranging a fleet of ships that

Shipping community in Europe getting ready for ETS ruling

As the negotiations on the revision of the European Union (EU) emission trading scheme (ETS) enter their final stretch, European shipowners, ports, the cruise and ferry sectors, shipyards and equipment manufacturers, fuel suppliers, shippers, forwarders, port operators, shipmanagers and the European maritime clusters have called on the European Parliament and the Council to earmark the

COP27 enters into final day negotiations

Global climate talks have entered the final scheduled day of negotiations as chances of a deal still look unclear. The United Nations’ Climate Change Conference (COP27) in Egypt was expected to go past its deadline on Friday and into the weekend, with rich and developing nations deadlocked over creating a fund for countries devastated by