energy firms back investment into diesel engine
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Energy firms back investment into diesel engine

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Energy firms back investment into diesel engine

Energy firms back investment into diesel engine
London - Al Maghrib Today

As major carmakers shift towards electric vehicles, a group of major oil and gas firms announced Friday an investment into a diesel engine.

 

The Oil and Gas Climate Initiative (OGCI), which includes BP, Saudi Aramco, Royal Dutch Shell and Total and has a $1-billion investment fund for low-carbon technologies, said it was putting money into Achates Power.

 

The US company promotes a high-efficiency combustion engine that it says increases fuel efficiency while reducing greenhouse gasses emitted by vehicles at an affordable cost to consumers.

 

"Pure electric vehicles and their fuel cell powered counterparts are unaffordable to the average car buyer; as such, they will remain a market novelty," Achates Power says on its website.

Diesel engines have under renewed attack after Volkswagen admitted in 2015 that millions of its diesel vehicles had been equipped with software that helped them cheat emissions tests and spew high levels of noxious fumes into the air.

A number of cities, including Paris, are looking to restrict diesels, while France and Britain plan to ban the sale of both petrol and diesel cars by 2040. China, the world's largest car market, is considering following suit.

While the cost and limited range of electric vehicles mean they currently enjoy a narrow market share, most major car manufacturers have launched initiatives to develop a range of electric models and expect prices to drop as production volumes rise.

The OGCI also announced it would invest in a project to design a full-scale natural gas power plant that aims to capture and store carbon dioxide, one of the products of burning fuel that causes global warming.

Another investment is into Solidia Technologies, a US-based cement and concrete production company that uses carbon dioxide instead of water in curing cement. The OGCI said the technology "has the potential to lower emissions in concrete production by up to 70 percent and water consumption by up to 80 percent".

The amount of the three investments was not disclosed.

The ten companies in the OGCI account for nearly one-fifth of global hydrocarbon production and supply around 10 percent of the planet's energy.

The group also includes China's CNPC, India's Reliance Industries, Italy's ENI, Mexico's Pemex, Norway's Statoil, and Spain's Repsol.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

energy firms back investment into diesel engine energy firms back investment into diesel engine

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

energy firms back investment into diesel engine energy firms back investment into diesel engine

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 00:14 2015 Tuesday ,31 March

Air raid kills scores at Yemen displaced camp

GMT 01:02 2015 Saturday ,28 March

Qatar's emir receives phone call from Saudi king

GMT 08:19 2018 Wednesday ,24 January

Magic stun Celtics, Pacers stop Spurs

GMT 09:13 2018 Wednesday ,17 January

Actress Kruger says Hollywood changing

GMT 12:52 2018 Friday ,12 January

Elvis fans all shook up on Australia party train

GMT 07:38 2018 Wednesday ,03 January

US conservatives cheer on Iran's 'brave' protesters

GMT 22:07 2011 Friday ,19 August

A changed Tunisia awaits tourists

GMT 10:20 2017 Monday ,18 December

US military to send cyber soldiers

GMT 02:23 2012 Friday ,20 January

Hudson Adorable in Polka Dot Tights

GMT 10:20 2017 Thursday ,09 November

HRH Deputy King holds weekly Majlis

GMT 06:39 2012 Thursday ,12 April

BBC Sport launches connected TV app

GMT 08:16 2017 Thursday ,12 October

France, Qatar neck-and-neck

GMT 15:14 2015 Thursday ,30 July

Study says fat should be the sixth taste

GMT 18:23 2013 Wednesday ,14 August

Soil biodiversity crucial to future land management

GMT 14:33 2011 Thursday ,14 July

All Black coach Henry warns of burnout

GMT 08:48 2017 Wednesday ,08 February

Best four new ladies’ nights in Dubai

GMT 07:03 2011 Wednesday ,28 September

SKC completes EVA plant in U.S.

GMT 13:12 2012 Tuesday ,22 May

Shiite husseiniyas \'threaten Egypt’s unity\'

GMT 11:26 2017 Tuesday ,12 December

Dubai’s first ever ‘Modest Fashion Week’ draws

GMT 09:35 2017 Monday ,11 December

Watch brand James Derby launches

GMT 12:40 2011 Thursday ,03 November

APN accused over Sunshine Coast
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday