Latest news with #CO₂
Yahoo
10-06-2025
- Business
- Yahoo
Sonnedix signs 420GWh energy supply deal with Renfe
Renewable energy developer Sonnedix has agreed provide 420 gigawatt hours (GWh) of renewable energy per year for Spanish rail network operator, Renfe. The power purchase agreement (PPA) follows the recent inauguration of Sonnedix's 150MW Covatillas 1, 5 and 6 portfolio. The three plants are situated in the municipalities of Minglanilla, Graja de Iniesta, and Puebla de Salvador, in Cuenca, Spain. Sonnedix will deliver a portion of its output to Renfe, as well as the electricity generated by the Portachuelo portfolio in Toledo. The PPA will help Renfe meet a substantial amount of its total predicted energy requirements, supporting the national rail operator's sustainability targets. Renfe economic and financial general director Marta Torralvo stated: 'This agreement represents a new step in Renfe's energy management roadmap. This contract promotes renewable energy production projects while stabilising Renfe's energy prices, which we consider very positive for the company's management.' Torralvo pointed out the importance of predictability in energy costs against the backdrop of high volatility in energy prices. The 300-hectare Covatillas portfolio comprises three solar photovoltaic (PV) plants that generate 300,000 megawatt hours (MWh) of renewable energy annually, powering 71,000 homes and preventing more than 108,000mt of CO₂ emissions. Sonnedix chief commercial officer Gregorio Morales Schmid stated: 'The electricity we provide is generated from our portfolio of solar assets in Spain, which we are progressively expanding through the integration of battery storage and wind power. This diversification enables us to offer more tailored power profiles and deliver high-value-added services that respond to the evolving needs of our clients.' Sonnedix has a total project portfolio of more than 11.68GW, including 1.15GW under construction and a 6.7GW development pipeline in Chile, France, Germany, Japan and the US. In November 2024, Sonnedix launched the 150MW Betierra project in Castilla-La Mancha, Cuenca, in Spain's central-eastern region. "Sonnedix signs 420GWh energy supply deal with Renfe" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Fashion Value Chain
13-05-2025
- Business
- Fashion Value Chain
Winners of 'Best CO₂ Utilisation 2025' Turn Emissions into Assets
Innovations that transform CO₂ emissions into high-value products took center stage at the 13th CO₂-based Fuels and Chemicals Conference, where three companies were honoured with the 'Best CO₂ Utilisation 2025' Innovation Award for pioneering scalable climate-positive technologies. Held in Cologne and online, the event attracted 230 global participants and 45 expert speakers, focusing on breakthroughs in Carbon Capture and Utilisation (CCU). Six finalists presented transformative solutions, with live audience voting determining the final three winners. 1st Prize: UP Catalyst (Estonia) Innovation: Battery-grade graphite from CO₂ Technology: Molten Salt CO₂ Capture and Electrochemical Conversion (MSCC-EC) Impact: Produces graphite and carbon nanotubes with 50–95% less energy than conventional methods Enables sustainable material production for lithium-ion batteries Operates at significantly lower temperatures (500–750 °C vs. 2,800 °C) 2nd Prize: Far Eastern New Century Corp. (Taiwan) Innovation: FENC® TopGreen® CO₂-based Non-Isocyanate Polyurethanes (NIPU) Application: Footwear, membranes, synthetic leather, elastic fibers Impact: World's first CO₂-based NIPU elastomer Avoids toxic precursors like isocyanates Captures and embeds over 50% CO₂ content in final polymers Reduces carbon emissions by up to 58% over traditional TPU 3rd Prize: Oxylus Energy (USA) Innovation: Electrolyser for direct CO₂-to-green methanol conversion Technology: Electrochemical reduction using only water and renewable electricity Impact: Produces carbon-negative methanol Supports hard-to-abate sectors (aviation, maritime, chemicals) Competes cost-wise with fossil methanol Enables direct industrial decarbonisation Organisers & Sponsors: The award is co-hosted by nova-Institute and CO₂ Value Europe, with sponsorship from Yncoris. Together, they promote renewable carbon strategies to reduce global dependence on fossil resources and advance climate goals through innovative CCU solutions. CO₂ Value Europe represents over 110 member organisations globally, uniting start-ups, research institutions, and industrial leaders around the common goal of a circular carbon economy. More information:
Yahoo
01-04-2025
- Automotive
- Yahoo
Bjorn Lomborg: Electric cars just another poor climate policy
The electric car is widely seen as a simple, clean solution to climate change. In reality, it's inefficient, relies on massive subsidies and leaves behind a trail of pollution and death that is seldom acknowledged. Climate activists and politicians constantly remind us that electric cars are cleaner, cheaper and better. Canada and many other countries have promised to prohibit the sale of new gas and diesel cars within a decade. But if electric cars are really so good, why would we need to ban the alternatives? And why has Canada needed to subsidize each electric car with a minimum $5,000 from the federal government and more from provincial governments? Many people are not sold on the idea of an electric car because they worry about having to carefully plan out where and when to recharge. They don't want to wait a long time while re-charging. And they don't want to pay a premium for an electric car whose used-car value declines much faster. For people not privileged to own their own house, recharging can be a real challenge. It's therefore not surprising that surveys show only 15 per cent of Canadians and 11 per cent of Americans want to buy an electric car. The main environmental selling point of electric cars is that they don't pollute. But although it's true their engines don't produce CO₂ while driving, they do emit carbon in other ways. Manufacturing them generates emissions — especially producing the batteries, which requires lots of energy, mostly achieved with coal in China. As a result, even an electric car recharged with clean power in B.C. will, over its life, emit about one-third what an equivalent gasoline car does. When recharged in Alberta, it will emit almost three-quarters. In some parts of the world — India is an example — so much of electricity comes from coal that electric cars end up emitting more CO₂ than gasoline cars. Across the world, on average, the International Energy Agency estimates that an electric car using the global average mix of power sources over its life will emit nearly half as much CO₂ as a gasoline-driven car, saving about 22 tonnes of CO₂. But using an electric car to cut emissions is incredibly ineffective. On America's longest-established carbon trading system, you could buy 22 tonnes of carbon emission cuts for about $660 (US$460). Yet, Ottawa is subsidizing every electric car to the tune of $5,000 — nearly 10 times as much — which increases even more if provincial subsidies are included. And since about half of those electric vehicles would have been bought anyway, Canada likely has spent nearly 20 times too much cutting CO₂ with electric. Another problem: all these estimates assume electric cars are driven as far as gasoline cars. But they're not. In the U.S., nine-in-10 households with an electric car also have one, two or more non-electric cars, including in most cases an SUV, truck or minivan. And the electric car is usually driven less than half as much as the other vehicles, which means the CO₂ emission reduction is much smaller. Subsidized electric cars are typically a 'second' car for rich people to show off their environmental credentials. Because of their enormous batteries electric cars are also 320–440 kilograms heavier than equivalent gasoline cars, which means they wear down roads faster, costing societies more. They also cause more air pollution by shredding more particulates from extra brake use and tire and road wear. No one denies that internal combustion cars pollute, but electric cars pollute more in total, both from tire and road wear and from forcing more power stations online, often the most polluting ones. A recent study found that in two-thirds of U.S. states, electric cars cause more of the most dangerous particulate air pollution than gasoline-powered cars do. Heavy electric cars are also more dangerous when involved in accidents, as they more often kill people in the car they hit. A study in Nature shows that in total, heavier electric cars will cause so many more deaths that the toll could outweigh the total climate benefits from reduced CO₂ emissions. Solar and wind power are expensive Climate change isn't causing hunger Despite what activists say, the planet is not on fire Many pundits suggest electric car sales will dominate gasoline cars within a few decades, but the reality is starkly different. A 2023 estimate from the Biden administration shows that even in 2050, more than two-thirds of all cars globally will still be powered by gas or diesel. Electric vehicles will only take over when innovation has made them better and cheaper for real. For now, electric cars run, not mostly on electricity, but on bad policy and subsidies, costing hundreds of billions of dollars, blocking consumers from choosing the cars they want, and achieving virtually nothing for climate change. Bjorn Lomborg is a visiting fellow at Stanford University's Hoover Institution. This is the sixth of 10 articles running here Tuesdays, based on a forthcoming series to be published by the Fraser Institute. Sign in to access your portfolio
