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Environment

Portugal's Galp to invest $426 MM in biofuels with Japan's Mitsui

Portuguese oil company Galp said it had teamed up with Japan's Mitsui to invest $426 MM in an industrial-scale plant to produce biodiesel and biojet fuel from waste at its Sines refinery.

Russia lifts export ban on low-quality diesel, marine fuel

The Russian government has approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels as well as diesel with high content of sulfur.

Germany's Scholz aims high on green jet fuel output

Chancellor Olaf Scholz set out Germany's ambitions to become a strategic production center for sustainable jet fuel and to lure investment to build on its importance as one of aerospace group Airbus' manufacturing centers.

EU set to demand e-fuel cars have no climate impact

The European Union is set to demand that cars running on e-fuels must be 100% carbon neutral if they are to be sold beyond 2035, a draft document showed, after Germany demanded e-fuel cars be exempted from the phase-out of new polluting vehicles.

China climate envoy says phasing out fossil fuels 'unrealistic'

The complete phasing-out of fossil fuels is not realistic, China's top climate official said, adding that these climate-warming fuels must continue to play a vital role in maintaining global energy security.

Britain delays ban on new petrol and diesel cars to 2035

Britain will push back a ban on new petrol and diesel cars and vans to 2035 from 2030, Prime Minister Rishi Sunak said, adding that the cars would still be available to buy on the secondhand market thereafter

LanzaJet strengthens collaboration with Technip Energies to accelerate the global deployment of SAF

LanzaJet and Technip Energies announced an agreement to strengthen their exclusive collaboration to support the global deployment of the LanzaJet Alcohol-to-Jet Process technology.

Shipping rivals CMA CGM, Maersk to collaborate on green fuels

Container shipping giants CMA CGM and Maersk said they will cooperate in efforts to reduce emissions in the sector, including by supporting the use of methanol and aiding research into potential fuels like ammonia.

Volvo to end diesel car production by early 2024

Volvo Cars said that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker.

EU lawmakers to grill new climate chief on fossil fuels

Lawmakers in the European Parliament plan to grill Wopke Hoekstra, who is poised to be the EU's next climate change chief, on how he would phase out fossil fuel subsidies and set a new emissions target for 2040.