Connect with us

Automotive

Scania in Consortium That Aims to Stimulate Large Scale Roll out of Gas-fuelled Trucks Across Europe

Vlad Poptamas

Published

on

Photo source: gcn.com
Reading Time: 3 minutes

 

A consortium called BioLNG EuroNet today announced a commitment to the further expansion of LNG (liquefied natural gas) as a road transport fuel across Europe with new infrastructure that should ensure the long-term success and mass scale adoption.

The consortium, comprising Shell, Disa, Scania, Osomo and Iveco will each deliver separate activities that will see 2,000 more LNG trucks on the road, 39 LNG fuelling stations and the construction of a BioLNG production plant in the Netherlands.

The LNG Retail stations will form part of a pan-European network and be built in BelgiumFranceGermanythe NetherlandsPoland and Spain. The stations will be located approximately every 400 km along core road network corridors from Spain to Eastern Poland.

“LNG is an increasingly affordable fuel for heavy goods vehicles which will make it an important energy source as the transport sector evolves,” said Istvάn Kapitάny, Executive Vice President, Shell Retail. “Shell is committed to offering our customers more lower carbon energy and the new LNG Retail stations are a vital piece of the puzzle. I look forward to seeing this important network of stations welcome European motorists in the years to come.”

The bioLNG facility will produce 3000 MT/year of BioLNG and will use biomethane produced from waste. This will be sold to end-users via the LNG network.

“This program covers filling stations, biofuel production and subsidies which are all necessary for progressive customers to invest in the trucks, despite the extra initial cost,” say Jonas Nordh, Director Sustainable Transport Solutions, Scania. “Whilst LNG which reduces CO2emissions by about 20 percent, is more broadly available today, biogas, which reduces CO2emissions by over 90 percent, can increasingly be blended in with the natural as production of biogas is ramped up.”

BioLNG EuroNet has an aspiration to rollout the expansion of LNG as a road transport fuel across Europe even further in the future.

About the project:

  • The BioLNG Euronet project is bringing together major players in the European market: Shell, DISA, Osomo, Scania and Iveco. These project partners aim to help the European Union meet its goal of a 60 percent reduction in CO2 emissions by 2030, by triggering long-term decarbonisation of heavy duty road transport across mainland Europe.
  • The bioLNG facility to be constructed in the Netherlands will collect municipal waste from supermarkets and restaurants and process this into biogas. The technology will use new patented membrane separation technology that will enable biologically derived LNG.
  • The 2,000 new LNG Heavy Goods Vehicles will be leased to end users through competitive financing and trucking solutions to reduce the cost of them. Only the additional costs of an LNG HGV compared to a diesel truck will be financed. The average eligible costs for each LNG truck are capped to a maximum of €30,000.
  • The energy density of BioLNG means that trucks can travel longer distances, better suiting the needs of transport operators now, and in the future. Due to the use of industrial organic waste as a resource, the CO2 emissions will be much lower than the CO2 emissions of traditional fuels. BioLNG is essential in achieving the long-term aim of further decarbonisation for the road transport sector in Europe by 2030. BioLNG virtually eliminates sulphur and offers a reduction in NOx and particulate matter.
  • Each BioLNG EuroNet consortium member will receive 20 percent funding from the EU towards the cost of their commitments.
  • The EU funding received by the BioLNG EuroNet consortium members falls under the connecting Europe facility (CEF) for the transport sector.
  • Directive 2014/94/EU of the European Parliament and of the Council of 22 October 2014 on the deployment of alternative fuels infrastructure defines a common framework of measures for the deployment of alternative fuels infrastructure in the European Union and to mitigate the environmental impact of transport. It sets out minimum requirements for the building-up of alternative fuels infrastructure, including LNG (Liquefied Natural Gas) and Compressed Natural Gas (CNG).

Hello!


Thank you for visiting my profile and thank you for reading my news and published press release!


There a many things that shape a man, but the carving is done by the hobbies and passions. I've pursued two main careers, professional photography and webdesign, while also keeping a passion for automobiles, technology and games. At PICANTE NEWS, I take care of news editing and press release publishing in se
veral categories and as I've mentioned, during my spare time, I am also a professional photographer with webdesign skills.

My future plans include developing more journalistic skills and start creating investigative journalism. You can find my reports and press release coverages in the following categories:


BANKING/FINANCIAL SERVICES, COMPUTER ELECTRONICS, AUTOMOTIVE, CONTRACTS, ANALYSIS, INTERNET TECHNOLOGY, BIOTECHNOLOGY, BLOCKCHAIN, ACQUISITIONS, RETAIL, and many more.



You can get in touch to discuss interviews or possible article submissions by contacting us.


Let's also connect via social media! You can find me on Facebook or visit my photo portfolio.

Advertisement
Comments

Artificial Intelligence

Ideanomics signs MoU with Beijing Foton Motor Company; Definitive Agreement to Follow

Vlad Poptamas

Published

on

Photo source: ideanomics.com
Reading Time: 2 minutes

 

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global Fintech and AI catalyst for transformative industries, today announced the signing of a MoU with Beijing Foton Motor Company(“Foton”), which will serve as a pre-cursor to a definitive agreement, to allow the two parties to begin working immediately.

The agreement for China-based activities is a 2-year deal, at 5 Billion RMB (approximately $750 Million) per year, making the overall deal valued at 10 Billion RMB (approximately US $1.5 Billion). Ideanomics will provide ABS lease financing of 10 Billion RMB over two years, and fulfill with for Foton on orders of 60,000 EV buses, broken down as follows: 1) not less than 20,000 vehicles from state-owned large-scale tourism groups and referred to as “Tourist bus orders”; 2) no less than 20,000 bus orders from local governments or local bus transportation systems; 3) no less than 20,000 Tourist bus orders from major domestic tourism associations and/or their members. Furthermore, for bus orders introduced by Ideanomics, a commission will be paid for each bus unit sold, at an amount to be determined according to each respective order.

For Malaysia-based activities, including cooperation for the extended ASEAN region, the supply of bus parts and systems, including EV batteries, and a cooperation on the implementation of a charging network, for which Ideanomics shall source no less than 6,000 vehicles from the Malaysian central government and its departmental agencies including EV buses and Police passenger vehicles (cars and motorcycles). For orders within Malaysia and the ASEAN region, Ideanomics shall be entitled to commission per unit sold, at an amount to be determined according to each respective order.

For Vietnam-based activities, Ideanomics shall source no less than 20,000 vehicles, both EV Bus and passenger car for e-taxi conversion, with Foton making available its 30,000-part bus system and technology for assembly in Vietnam. The agreement allows for negotiations with the Vietnam state electrical grid, to introduce a national charging network.

The agreement also allows for projects in other geographical areas, including Europe and the Americas, on a project-by-project basis.

“We are very grateful for the efforts of Dr. Wu, Avis Zhu and the entire China-based Ideanomics team, with support from our colleagues at Treeletrik in Malaysia, for successfully delivering on this deal. Foton is arguably the premier EV bus manufacturer globally, and this agreement positions us to further consolidate our position as a global EV advisory services company, as well as enable us to expand our footprint beyond China with the leading EV bus product available today. The fact Foton promoted signing a MoU, to allow the parties to begin activities immediately while the broader definitive agreement is signed, is testament to our growing reputation as the advisory partner of choice for large-scale EV initiatives in Asia,” said Alf Poor, CEO of Ideanomics.

Beijing Foton’s commercial division is focused on building a future of efficient and environmentally friendly EV Buses and other commercial vehicles, as a vehicle manufacturer. Ideanomics is leading the way for the future of ABS financing, technology enablement with the application of blockchain and artificial intelligence technologies as part of the next-generation of financial services,” said Mr. Liang Shaowen, of Beijing Auto Foton Commercial Vehicle. “Together, Foton and Ideanomics will seize upon the opportunity of large-scale EV and Hydrogen replacement of public and private transportation infrastructure in major markets and the same time raise the standard for technologically advanced vehicles which offer dependability, reliability and improved customer satisfaction. This, coupled with compelling, economically viable, financing programs for the cities and bus operators that manage these fleets will serve a much-needed gap in the market.”

 

SOURCE Ideanomics

Continue Reading

Artificial Intelligence

Study on electric and smart transportation: vision is required to create an environment conducive to innovation to position local companies as leaders

Vlad Poptamas

Published

on

Photo source: ccmm.ca
Reading Time: 2 minutes

 

The Chamber of Commerce of Metropolitan Montreal and Propulsion Québec, the cluster for electric and smart transportation, today released their study entitled Positioning Quebec and Montréal as leaders in electric and smart transportation. The study is meant to fuel much-needed reflection that will enable Quebec and Montréal to stand out in this economic sector of the future.

“The electric and smart transportation niche has incredible economic and technological potential, and the city has a unique opportunity to take its place in that niche,” said Michel Leblanc, president and CEO of the Chamber of Commerce of Metropolitan Montreal. “We have everything we need to make our presence felt: a critical core of technology talent and businesses, a concentration of global leaders in artificial intelligence, and, of course, world-renowned creativity. The Chamber is proud to release this study, which is a starting point for this essential reflection process. We encourage industry decision makers and actors to read it. We all need to adopt the avenues for action it identifies to enable local businesses to develop the mobility innovations and solutions of tomorrow.”

“The future of mobility is connected, autonomous, shared, electric vehicles,” said Sarah Houde, CEO of Propulsion Québec. “This study shows that Quebec has assets to distinguish itself in these niches. We need to leverage Quebec’srecognized expertise in electrification and the pool of innovative businesses in land transportation. But our success in this changing sector requires an agile regulatory framework, adapted to both the current technological context and our ambitions. The study provides an analytical tool for the best ways to support the deployment and commercialization of transportation innovations. Propulsion Québec is determined to bring together industry stakeholders to make Quebecthe ultimate place to develop, test and implement new mobility technology.”

“The rapid rate of change in the field of transportation here and around the world requires a paradigm shift at every level to make room for innovation and ingenuity,” said Marc Blanchet, vice-president, Southwest Quebec, at SNC-Lavalin. “We support this study that speaks to all actors and offers areas of focus to accelerate innovation and provide momentum to Quebec’s electric and smart mobility industry.”

The study Positioning Quebec and Montréal as leaders in electric and smart transportation has four main chapters:

  1. A diagnosis of the regulatory framework of Quebec.
  2. A benchmark of international best practices based on an analysis of the regulatory framework and public policy from ten territories.
  3. A summary of success factors drawn from international benchmarking to identify areas of excellence and avenues for improvement for Quebec.
  4. Avenues for recommendation for Quebec and Greater Montréal, structured around three strategic areas:
    1. Strategic focus 1: Increase the offer of electric and smart mobility products and services developed in Quebec
    2. Strategic focus 2: Increase demand for electric and smart transportation
    3. Strategic focus 3: Ensure the growth of the transportation industry by optimizing and coordinating government strategies

To consult the entire study and its highlights, visit ccmm.ca/etude_transports_electriques (in French only).

 

SOURCE Chamber of Commerce of Metropolitan Montreal

Continue Reading

Automotive

Electric Mobility for Smarter Cities: The Future of Energy

Zoltán Tűndik

Published

on

Reading Time: 3 minutes

 

Electric Mobility Market will observe a lucrative growth from 2018 to 2026 due to rise in demand for and sales of electric vehicles in developing countries due to concerns about high air pollution levels”

Electric mobility refers to all vehicles that are powered by an electric motor or those that receive power or energy primarily from the power grid. Electric mobility includes all-electric vehicles, which include battery operated electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. Electric mobility is majorly a low or zero-emission vehicle, which contributes significantly toward a greener environment through a reduction in carbon emission.

The surge in emission levels, which are harmful and injurious to the human health and environment, caused by fossil fuel powered vehicles has prompted global and state regulatory bodies to propose, design, and develop eco-friendly machinery and vehicles. This has led to the development and operation of electric mobility, which is considered the best possible alternate vehicle for the environment. A rapid rise in demand for and sales of electric vehicles in developing countries due to concerns about high air pollution levels is a key factor that is projected to drive the electric mobility market during the forecast period.

Additionally, growing support by governments around the world, by means of initiatives and subsidies, around the world is another factor that is anticipated to propel the electric mobility market during the forecast period. Furthermore, rise in adoption of electric mobility for commercial purposes, such as taxis, across the globe, especially in countries such as China, and the U.S., coupled with rising in demand for alternative fuel vehicles is another major factor that is projected to boost the electric mobility market during the forecast period. However, a lack of charging infrastructure coupled with the higher cost of electric mobility is likely to restrain the electric mobility market during the forecast period.

In terms of vehicle type, the electric mobility market can be classified into passenger electric vehicle and commercial electric vehicle. The passenger electric vehicle segment accounts for a higher share of the electric mobility market. This is majorly due to a higher rate of adoption of electric vehicles owing to emission concerns and awareness coupled with stringent government emission norms and policies.

Based on component, the electric mobility market can be bifurcated into electric motor, battery, and other three segments. The battery segment dominated the electric mobility market, primarily due to its application as a highly essential component of any kind of automobile. It serves as a primary power source for electric automotive functions.

Major players operating in the global electric mobility market include Tesla, Inc., Nissan Motor Corporation., Toyota Motor Corporation., Renault, Hyundai Motor Company, General Motors, Ford Motor Company, AB Volvo, BMW AG, BYD Company Limited., Daimler AG, Honda Motor Co., Ltd., Mitsubishi Motors Corporation, Tata Motors, and Volkswagen AG.

Get More Insight About Electric Mobility by TMR

Written by Chaitali Gawande

Author Bio: Hi, I am Chaitali Gawande and I am currently working as a Senior SEO analyst. I have good experience in the field of business and industry research. The impact of digital technologies across the science, technology, and business domains gives me writing a fresh and modern content. I have experience in SE rankings, keyword research, website analysing, SEO Content writing, social media optimization and link building. I am also a technology and Automotive

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Business Wire2 hours ago

XINHUANET: Promotion Event of The Most Beautiful Shooting Location in China Held During Cannes Film Festival

Business Wire9 hours ago

GEICO’s Tips for Sharing the Road with Motorcycles

Business Wire13 hours ago

Paramount Pictures Hosted Free 25th Anniversary Screening of Academy Award®-Winning Classic FORREST GUMP on National Mall

Business Wire17 hours ago

NUTANIX 96 HOUR DEADLINE ALERT: Approximately 96 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Nutanix, Inc. – NTNX

Business Wire17 hours ago

MCDONALD’S INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of McDonald’s Corporation – MCD

Business Wire17 hours ago

XPO LOGISTICS INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of XPO Logistics, Inc. – XPO

Business Wire17 hours ago

AMERICAN RENAL 96 HOUR DEADLINE ALERT: Approximately 96 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against American Renal Associates Holdings, Inc. – ARA

Business Wire17 hours ago

SUPER MICRO INVESTIGATION INITIATED By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Super Micro Computer, Inc. – SMCI

Business Wire17 hours ago

PFIZER INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Pfizer Inc. – PFE

Business Wire18 hours ago

Glancy Prongay & Murray LLP Announces Investigation on Behalf of Floor & Decor Holdings, Inc. Investors (FND)

Follow our Tweets

Trending

Please turn AdBlock off