PTL

Net-Zero Transportation Enabled by CO2-Derived e-Fuels, Finds IDTechEx

Retrieved on: 
Wednesday, December 6, 2023
Carbon, Aviation, Pressure, Biomass, DAWN, Hydrogenation, Membrane, Plant, Metal, Hydrogen, EVS, Federal Aviation Regulations, CO2, History, Fossil, Methanol, Electrochemistry, Maersk, European, Mining, H2, Biofuel, PTL, DAC, ExxonMobil, Electricity, EV, Energy storage, Carbon Recycling International, CRI, Players, Gasoline, Renewable energy, Wood, Coal, Lithium

They offer carbon footprint reductions compared to their fossil fuel equivalents and are carbon neutral in some cases.

Key Points: 
  • They offer carbon footprint reductions compared to their fossil fuel equivalents and are carbon neutral in some cases.
  • For further information on sustainable fuels and utilizing CO2 as a raw material, please refer to the IDTechEx sustainability reports portfolio .
  • Point source capture technologies, including liquid solvents, solid adsorbents, and membranes, are commercially available and are forecasted by IDTechEx to exceed 1 Gtpa capture capacity by 2040.
  • More information on this synthesis can be found in the IDTechEx Carbon Dioxide Utilization 2022-2042: Technologies, Market Forecasts, and Players report.

Global Synthetic Fuels Market to Soar to $70.1 Billion by 2030, Driven by Rising Investments and Diversification in Primary Energy Mix - ResearchAndMarkets.com

Retrieved on: 
Monday, October 30, 2023
Alternative Vehicles, Fuels, Automotive Manufacturing, Manufacturing, Automotive, Chemicals, Plastics, Carbon, Synthetic fuel, Ammonia, MEA, MTL, Aerospace, Synthetic, Methanol, Biomass, Compound annual growth rate, GTL, Chemical industry, Coal, Gasoline, Region, Fischer–Tropsch process, Transport, Electric vehicle, Research, Marine, Hydrogen, Project delivery method, Growth, Private sector, High, USD, AGC Aerospace & Defense, SMR, Natural gas, Heat, Natural Resources, PTL, Defense, ATR, Fuel pump, Diesel fuel, Renewable energy, Jet fuel, Chemical substance, Kerosene

The global synthetic fuels market is poised for substantial growth, projected to reach USD 70.1 billion by 2030 from USD 48.4 billion in 2023, reflecting a notable Compound Annual Growth Rate (CAGR) of 5.4%.

Key Points: 
  • The global synthetic fuels market is poised for substantial growth, projected to reach USD 70.1 billion by 2030 from USD 48.4 billion in 2023, reflecting a notable Compound Annual Growth Rate (CAGR) of 5.4%.
  • GTL fuel is versatile and finds applications in transportation, power generation, and heating, offering a cleaner energy option.
  • Synthetic fuels play a pivotal role in the chemical sector, reducing greenhouse gas emissions and dependence on fossil fuels.
  • In terms of applications, the gasoline segment secured the second-largest market share in synthetic fuels in 2022.

EQS-News: Greenalia and P2X-Europe request their project Breogan, a game-changing PtL project producing CO2-neutral eFuels and green hydrogen in Galicia, to be classified a Priority Business Initiative

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Thursday, October 26, 2023
GRN, Innovation, R group, Structural adjustment, PTL, News, Aviation, Environment, Power, Transport, Ecosystem, Employment, Partnership, CO2, H&R, PBI, Renewable energy, Xunta de Galicia

Greenalia and P2X-Europe request their project Breogan, a game-changing PtL project producing CO2-neutral eFuels and green hydrogen in Galicia, to be classified a Priority Business Initiative (news with additional features)

Key Points: 
  • Greenalia and P2X-Europe request their project Breogan, a game-changing PtL project producing CO2-neutral eFuels and green hydrogen in Galicia, to be classified a Priority Business Initiative (news with additional features)
    The issuer is solely responsible for the content of this announcement.
  • This CO2-neutral project seeks to reduce greenhouse gas emissions by up to 95% and replace conventional fossil crudes with green hydrogen and net-zero carbon synthetic products, including eSAF, eDiesel, and specialty chemicals.
  • By integrating biogenic carbon and green hydrogen from renewable sources, the project paves the way to gradually replace conventional fossil crudes in key sectors.
  • The production of green hydrogen, synthetic hydrocarbons, and eFuels is a significant step toward strategic energy autonomy for Galicia, Spain, and Europe as a whole.

Potential for €2.55 billion Sustainable Aviation Fuel (SAF) Industry in Ireland by 2050

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Wednesday, October 25, 2023
Automotive Manufacturing, Other Transport, Green Technology, Manufacturing, Environment, Air, Transport, Sustainability, Finance, Professional Services, Other Energy, Oil, Gas, Alternative Energy, Energy, Other Travel, Transportation, Engineering, Travel, Aircraft, Science Foundation Ireland, Government, DECC, DOT, Renewable energy, Research, Policy, Aviation biofuel, Water, Heart, Structural adjustment, PTL, LTAG, State, SCI, Irish government response to the COVID-19 pandemic, Business development, Biofuel, Workforce, Carbon, Wind, Enterprise Ireland, DAFM, EII, ORIX, Minister for Enterprise, Trade and Employment, Hydrogen, Aviation, European Green Deal, Enterprise, ICAO, Commission on the Future of the United States Aerospace Industry, European, Plant, Employment, Private sector, Electrolysis, Partnership, TD, SAF, CO2, CFO, IATA, SFS, International Civil Aviation Organization, Airport, Natural gas, Airline, Avolon, EU, Boeing

Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs.

Key Points: 
  • Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs.
  • The study - Ireland’s Sustainable Aviation Fuel Opportunity - was launched today by the Minister for Enterprise, Trade and Employment, Simon Coveney TD, and looks at the key role SAF will play in helping the aviation industry achieve its net zero goal by 2050.
  • The European Union’s ReFuelEU initiative obligates fuel suppliers to blend SAF into the fuel available at all EU airports, rising from 6% SAF by 2030, to 70% by 2050.
  • To meet EU mandated SAF volumes alone, Ireland will require approximately 10 SAF plants of 80 kilo tonnes production capacity each.

Asia-Pacific Emerges as a Powerhouse in the Synthetic Fuels Market, Fueled by Private Sector Investments and Sustainable Energy Initiatives

Retrieved on: 
Wednesday, October 25, 2023
Carbon, Synthetic fuel, Ammonia, MEA, MTL, Aerospace, Synthetic, Methanol, Biomass, Compound annual growth rate, GTL, Chemical industry, Coal, Gasoline, Region, Fischer–Tropsch process, Transport, Electric vehicle, Research, Marine, Hydrogen, Project delivery method, Growth, Private sector, High, USD, AGC Aerospace & Defense, SMR, Natural gas, Heat, Natural Resources, PTL, Defense, ATR, Fuel pump, Diesel fuel, Renewable energy, Jet fuel, Chemical substance, Kerosene

GTL fuel is versatile and finds applications in transportation, power generation, and heating, offering a cleaner energy option.

Key Points: 
  • GTL fuel is versatile and finds applications in transportation, power generation, and heating, offering a cleaner energy option.
  • Synthetic fuels play a pivotal role in the chemical sector, reducing greenhouse gas emissions and dependence on fossil fuels.
  • In terms of applications, the gasoline segment secured the second-largest market share in synthetic fuels in 2022.
  • Ongoing research and innovation are pivotal in advancing the synthetic fuels market, propelling its growth and sustainability.

Willis Lease Finance Corporation Announces Teesworks as Site for Innovative New, Power-to-Liquid (PtL) Sustainable Aviation Fuel (SAF) Project

Retrieved on: 
Monday, October 2, 2023
Hydrogen, Maintenance, Electrolysis, Darlington, SAF, COVID-19, Electricity, PTL, Aviation, Tax, Part, Tees Valley Combined Authority, Securities and Exchange Commission of Pakistan, WLFC, Water, United Kingdom, Security (finance), United, Aircraft, FBO, Corporate development, Airline, Jet fuel, Renewable energy, Tees Valley, Limited

Teesworks is the United Kingdom’s largest industrial zone, and an international hub for diverse, sustainable, and low-carbon activity.

Key Points: 
  • Teesworks is the United Kingdom’s largest industrial zone, and an international hub for diverse, sustainable, and low-carbon activity.
  • Increased SAF production and utilization is seen as a driving factor in reducing greenhouse gas emissions from the aviation industry.
  • “Our pioneering SAF project at Teesworks will directly support the global aviation industry’s ambitious goal of net-zero emissions by 2050,” says Austin C. Willis, CEO of WLFC.
  • Chris Musgrave OBE, Chairman of Teesworks, shared, “We are delighted at this announcement by Willis Lease Finance Corporation, which will bring another global name to Teesworks.

Rising Demand for Transportation Fuel Drives Syngas Derivatives Market 2023 to 2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 17, 2023
Alternative Energy, Energy, Green Technology, Environment, Shell, Urbanization, Hydrogen, Methanol, COVID-19, PTL, Carbon, Research and development, Coal, Compound annual growth rate, Carbon monoxide, Dow Chemical Company, Shell plc, SE, BASF, BASF SE, R, Research, CF Industries, Growth

In the short term, increasing environmental constraints and the adoption of clean technologies are driving the demand for syngas and derivatives.

Key Points: 
  • In the short term, increasing environmental constraints and the adoption of clean technologies are driving the demand for syngas and derivatives.
  • The Asia-Pacific region is expected to lead the global market during this period and command the highest market share in the syngas derivatives market worldwide.
  • Asia-Pacific is expected to maintain its leadership position in the syngas derivatives market, both in terms of market share and revenue.
  • The market presents exciting opportunities for businesses and investors to leverage R&D initiatives and capitalize on the growing demand for syngas and derivatives.

Advanced Sustainable Aviation Fuels Gain Momentum as AIR COMPANY Announces Collaboration with Air Canada

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Thursday, July 20, 2023
Research, Air, Transport, Other Travel, Transportation, Vacation, Destinations, Science, Other Science, Travel, Hydrogen, SAF, United States Air Force, Aviation, PTL, JetBlue, Ernest K. Warburton (US Air Force), GHG, Federal, Carbon, Air Canada, Atmosphere of Earth, AIR, Water, Virgin Atlantic, Entrepreneurship, United States Department of the Air Force, News, Jet fuel, Renewable energy

AIR COMPANY , the company converting Earth’s excess carbon into a resource for sustainable industrial practices, today announced a strategic collaboration with Air Canada , Canada's largest airline and the country's flag carrier.

Key Points: 
  • AIR COMPANY , the company converting Earth’s excess carbon into a resource for sustainable industrial practices, today announced a strategic collaboration with Air Canada , Canada's largest airline and the country's flag carrier.
  • Poised to take advantage of the country’s abundant renewable energy resources and the availability of green hydrogen tax credits, AIR COMPANY and Air Canada also intend to explore development of AIRMADE SAF in Canada.
  • Air Canada joins JetBlue and Virgin Atlantic as part of AIR COMPANY’s airline ecosystem to help develop and deliver sustainable aviation fuel into North America.
  • The news follows a series of notable developments for AIR COMPANY including a $65 million contract with the US Air Force.

Willis Lease Finance Corporation Undertakes New, Innovative “Power-to-Liquid” (PtL) Sustainable Aviation Fuel (SAF) Project

Retrieved on: 
Monday, July 17, 2023
Hydrogen, Area studies, Maintenance, Teesside International Airport, SAF, COVID-19, Aviation, Electricity, PTL, Tax, Air travel, Part, WLFC, Power, Security (finance), Transport, CO2, FBO, Aircraft, Airline, Renewable energy, Limited

COCONUT CREEK, Fla., July 17, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and provider of global aviation service operations for more than 45 years, today announced an innovative project to develop and produce Power-to-Liquid (“PtL”) Sustainable Aviation Fuel (“SAF”).

Key Points: 
  • COCONUT CREEK, Fla., July 17, 2023 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), a leading lessor of commercial aircraft engines and provider of global aviation service operations for more than 45 years, today announced an innovative project to develop and produce Power-to-Liquid (“PtL”) Sustainable Aviation Fuel (“SAF”).
  • “Our pioneering PtL SAF project would directly support the global aviation industry’s ambitious goal of net-zero emissions by 2050, which represents a major, near-term step in the important effort to decarbonize aviation,” says Austin C. Willis, CEO of WLFC.
  • “As one of the first aviation leasing companies to spearhead a SAF initiative of this magnitude, we are thrilled to be continuing our legacy as a leader and innovator in aviation.
  • The SAF project is one element of our broader strategy to contribute towards the decarbonization of aviation.

EQS-News: P2X-Europe GmbH & Co. KG: Another step forward on the European eSAF market: P2X-Europe and Nordic Electrofuel reach next milestone in collaboration for production of sustainable fuels in Scandinavia

Retrieved on: 
Friday, June 23, 2023
Partnership, Senior, R group, Aviation, PTL, Electricity, Structural adjustment, European Commission, Carbon, NEF, Chemical industry, Aviation biofuel, Power, News, CO2, Gasoline, Oil, Airline

Nordic Electrofuel and P2X-Europe have today signed a term sheet for long-term supply of synthetic fuels, in particular targeting synthetic aviation fuel (eSAF).

Key Points: 
  • Nordic Electrofuel and P2X-Europe have today signed a term sheet for long-term supply of synthetic fuels, in particular targeting synthetic aviation fuel (eSAF).
  • Nordic Electrofuel will produce synthetic crude in Norway, which P2X-Europe will take delivery of and upgrade into eSAF and other synthetic products.
  • Initial production and supply volume is set at around 8,000 tonnes per annum, with specific plans for a further scale-up of production thereafter.
  • Through carbon net-zero production of high-value synthetic fuels, it strives to replace the fossil fuels currently utilised in various industries, making a significant impact.