Hydrogen As The Fuel Of The Future? Really? Major Oil Companies Bet Eight Times More On Biofuels Than On Hydrogen

Written by Roberta Souza

Published on 13/01/2023 at 17:32

Foto: Reprodução agenciabrasil.ebc

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Investments in Hydrogen and Clean Energy Forms Are Small Compared to the Money Spent on Biofuel Refineries

Currently, large European oil companies are betting on hydrogen as a transportation fuel for the future, but this big bet has never been greater than the amount spent on biofuel refineries. According to a new study by Transport & Environment (T&E), investments in biofuel refining are eight times higher. T&E believes that oil producers are not taking their bets on clean fuels seriously, but rather opting for the “easy and unsustainable choice of biofuels.”

Oil Giants Are Not Really Planning to Create Fully Clean Energy

The European oil giants Shell, BP, Total, ENI, and Repsol are investing in hydrogen, but only part of that is considered truly ‘green’. Most of their investments are aimed at reducing the carbon emission intensity of their refinery operations, not to develop clean transportation fuels, as shown by the T&E study.

According to Geert Decock, electricity and energy manager at T&E: “Oil producers are promoting hydrogen as their big bet for the future, but in reality, their investments in green hydrogen are disappointing. Instead, they are focusing their new refining capacity on biofuels that cannot sustainably meet global transportation needs. This is not an industry that is pushing the boundaries of clean technology.”

ARTICLE CONTINUES BELOW

High Investments by European Oil Companies in “Blue Hydrogen,” Which Allegedly Emits Low Carbon

Oil refining is one of the main users of hydrogen today, with most using gray hydrogen, which produces a lot of carbon dioxide emissions. According to T&E, oil companies are investing around € 6.5 billion in so-called “low carbon” blue hydrogen to clean up their production processes. These investments represent double what is being spent on the production of “green” hydrogen and electronic fuels, which could be used to “clean up” aviation and maritime transport.

Geert Decock concludes that “where oil producers are investing in hydrogen, most is going to replace the dirty operations of gray hydrogen with blue hydrogen, which still uses polluting fossil gas. Instead of wasting their time on easy, short-term solutions, oil refineries should start producing green hydrogen and electronic fuels for ships and planes today.”

Hydrogen As The Fuel Of The Future? Really? Major Oil Companies Bet Eight Times More On Biofuels Than On Hydrogen

Investments in Hydrogen and Clean Energy Forms Are Small Compared to the Money Spent on Biofuel Refineries

Oil Giants Are Not Really Planning to Create Fully Clean Energy

High Investments by European Oil Companies in “Blue Hydrogen,” Which Allegedly Emits Low Carbon

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Hydrogen As The Fuel Of The Future? Really? Major Oil Companies Bet Eight Times More On Biofuels Than On Hydrogen

Investments in Hydrogen and Clean Energy Forms Are Small Compared to the Money Spent on Biofuel Refineries

Oil Giants Are Not Really Planning to Create Fully Clean Energy

High Investments by European Oil Companies in “Blue Hydrogen,” Which Allegedly Emits Low Carbon

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Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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