Finnish refiner and biofuels producer Neste is testing a renewable gasoline as a potential drop-in, lower-carbon fuel for conventional internal combustion cars, the company said May 21. Tests to study the properties of new fuel are currently underway on two cars in Sweden together with Powertrain Engineering Sweden AB, a supplier to Volvo Car, Neste .
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The primary aim of this research is to analyze the current and future market potential of green hydrogen as an energy carrier driving transition toward a sustainable energy future. The study identifies growth opportunities for the green hydrogen market in the global power sector and some of the key countries and companies active in this space.
Currently, green hydrogen account less than 1% of the total hydrogen produced. The global demand for green hydrogen and its emerging applications is expected to increase exponentially in the next 20 years, creating need for considerable infrastructure to handle production and delivery. It will take 10 to 20 years before a green hydrogen economy becomes mainstream across the global power sector and other segments.
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New and revised entries Bosnia s Brod refinery has launched a solar power station, according to owner Zarubezhneft. The refinery suspended operations in 2019 for an upgrade and to prepare for the use of natural gas. A pipeline was being built to supply the refinery with natural gas to fuel its internal processes, and was expected to be ready in late 2020, although the company was not available to confirm whether that has been completed. The gas will replace fuel oil as a power source for the refinery processes.
Existing entries Serbia s Pancevo refinery said it expects to complete its FCC project by 2023. The refinery also plans to build a unit for the production of the octane enhancement chemical ETBE by 2024 and is currently awaiting a final investment decision on its catalytic cracker upgrade, which would enable it to increase propylene production.
REFINERY NEWS ROUNDUP: European companies announce more clean fuel projects
Finnish refiner and clean fuels producer Neste has identified Rotterdam in the Netherlands as the most likely site for its new “world scale” renewable products refinery, it said March 15. Neste also said a final investment decision for the project will be made either by the end of this year or early in 2022. “Based on the thorough studies and calculations, the overall cost of the investment is significantly lower in Rotterdam. Our decision relies on ensuring our future competitiveness and our renewables growth strategy execution,” said Neste President and CEO Peter Vanacker.