8 June 2021

Yara and Trafigura sign MoU to supply the marine industry with carbon emissions-free ammonia for fuel

Global commodities trader, Trafigura and Norway's Yara have signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel. Yara will supply Trafigura with clean ammonia, and the firms are to jointly conduct research as well as develop marine fuel infrastructure and market opportunities for both "green" and "blue" ammonia. (Reuters)

Green light for Volvo's SBTI climate goal: "Requires skilled engineers"

Volvo Group's climate goals have been approved by the Science Based Targets Initiative (SBTI). This means that the goals have been reviewed and scientifically validated to reach the 1.5°C goal by 2050. According to its climate goals, AB Volvo will reduce emissions by 40% per vehicle kilometer by 2030, compared with the level in 2019. Another goal is to achieve zero net emissions by 2040 on all products delivered. And by 2050, net zero emissions will have been achieved. Consequently, the majority of AB Volvo's sales in 2040 need to be electrified vehicles, either with hydrogen-based fuel cells or batteries.

This makes Volvo the best in its class, according to Martin Lundstedt. “The Volvo Group's approved goals are the most ambitious in the industry and our roadmap is in line with the Paris Agreement and SBTI's higher level of ambition, he said.” According to Peter Westman, Acting Secretary General of the World Wide Fund for Nature, "the validation means that Volvo makes commitments in accordance with the Paris Agreement on a scientific basis. We see it as great progress when companies make such serious planning and then get it validated and approved, so to speak. They are on the right track, "he says.

Lundstedt added, "This requires large investments in skilled engineers and when it comes to collaborating with customers". (Nyteknik)

New research and demonstration platform for green energy in Skive

DTU (Technical University of Denmark) and GreenLab Skive have joined forces to establish a new research and demonstration platform for green energy solutions. The platform will help to scale small projects within eg PtX to large international initiatives that can be exported. The new research and demonstration platform in Skive will be created with support from the VILLUM Foundation, which has invested DKK 20 million, which aims to build a bridge between the research world and industry. (press release)

What we’re reading

• Cleaning up their act? G7 fossil fuel investments in a time of green recovery (Tearfund)
• IEA: Renewables set to attract 70% of global energy investment in 2021 (Euractiv)

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