Neste invests in Sunfire for high-temperature electrolysis

March 10, 2020
Owning the Energy Transition
Very important

Neste acquired a minority stake in Sunfire and will deploy high-temperature electrolysis for renewable hydrogen at one of its refineries. This is Sunfire's second partnership with an oil and gas major but Neste's first foray into electrochemistry. Just like its partnership with ReNewELP for co-processing syncrude oil from plastic, it appears Neste plans to use Sunfire's technology to decarbonize its oil and gas operations while still retaining use of its existing assets – this is a smart move, as electrolysis is a bridge technology between the renewable power and fuels sectors. Total and Shell are also launching similar projects – we expect to see even more in the coming year as oil and gas majors work toward carbon neutrality. 

For the original news article, click here .

Further Reading

Shell revises net-zero emissions target; plans annual €4 billion divestments of current assets and €3 billion investments in new energies

News Commentary | February 11, 2021

While Shell was one of the last European oil majors to announce a net‑zero target, the company's revised milestones are not surprising. Shell has made significant changes due to COVID, announcing plans to write off €20 billion of its oil and gas assets, and has consistently invested in chemicals, ... Not part of subscription

Canadian Gas Association launches $35 million venture arm targeting solutions along the natural gas value chain

News Commentary | April 09, 2021

The CGA formed the Natural Gas Innovation Fund (NGIF) in March and will start with an inaugural $35 million fund targeting startups developing solutions for the reduction of greenhouse gas emissions (GHGs) along the natural gas value chain, renewable natural gas, and hydrogen. The fund will likely ... Not part of subscription

Ammonia startup Starfire Energy raises funding from AP Ventures, Chevron, and Mitsubishi Heavy Industries

News Commentary | April 15, 2021

Starfire Energy develops fast‑ramping Haber‑Bosch and ammonia cracking reactor systems. The company is at the development stage, and the new funds will likely be used for pilot scale‑up. While billion‑dollar investments are being made in green ammonia production, extraction of hydrogen via ammonia ... Not part of subscription