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COVID-19 - News digest as of 14.04.2021

April 14/2021

1. USA plans to invest in the market of advanced green energy technologies

MOSCOW (MRC) -- U.S. President Joe Biden’s vast plan to modernize the nation’s infrastructure includes hundreds of billions of dollars to boost the market for electric vehicles, renewable power and advanced clean energy technologies, while stripping away subsidies for fossil fuels, said Hydrocarbonprocessing. That makes the USD2 trillion infrastructure blueprint one of the administration’s biggest steps to date in achieving its agenda to decarbonize the U.S. economy by 2050 and restore the nation’s leadership in addressing global warming. While much of the package is aimed at traditional infrastructure goals like rebuilding roads and bridges, about a third, or USD628 billion, is linked to climate, according to an estimate by investment firm Raymond James. The proposals, which must still be debated and approved by Congress before becoming reality, drew cheers from the renewable energy industry and some environmentalists, along with criticism oil and gas drillers. “President Biden’s infrastructure proposal is a significant step in meeting our collective clean energy goals,” Solar Energy Industries Association Chief Executive Abigail Ross Hopper said in a statement.

2. Neste plans to reduce business travel emissions

MOSCOW (MRC) -- Neste and Finnair are joining forces to reduce carbon emissions related to Neste employees’ business travel by using Sustainable Aviation Fuel (SAF), said Hydrocarbonprocessing. Neste has recently made 300 tons of Neste MY Sustainable Aviation Fuel™ available at Helsinki Airport in Finland for Finnair’s use. By replacing a part of the fossil jet fuel with SAF on its flights departing from Helsinki Airport, Finnair will reduce its greenhouse gas emissions by 900 tons of CO2 equivalent. This represents a significant share of the emissions accumulated from Neste employees’ global air travel in 2020. The collaboration contributes to the climate commitments Neste made in 2020, including a commitment to reduce and compensate emissions from its employees’ business travel through the use of the company’s own sustainable aviation fuel. Finnair is a strategic partner for Neste, and also one of the most frequently used airlines for business travel by Neste’s employees. Finnair’s target is to become carbon neutral by 2045, and to halve its net CO2 emissions by the end of 2025.

3. Crude oil futures rise on stronger demand outlook, weaker dollar

MOSCOW (MRC) -- Crude oil futures increased in mid-morning trade in Asia April 14, despite a pause in the Johnson & Johnson vaccine rollout and mixed data from the American Petroleum Institute, as the market remained buoyed by OPEC raising its 2021 oil demand forecast and a weaker dollar, reported S&P Global. At 10:36 am Singapore time (0236 GMT), the ICE Brent June contract was up 42 cents/b (0.66%) from the April 13 settle at USD64.09/b, while the May NYMEX light sweet crude contract was 42 cents/b (0.7%) higher at USD60.60/b. In its closely watched monthly oil market report released April 13, OPEC raised its 2021 crude oil demand forecast by 190,000 b/d from the March estimate, citing economic stimulus programs and a further easing of COVID-19 lockdown measures. OPEC now expects crude consumption to average 96.46 million b/d in 2021, up 5.95 million b/d year on year.
Author:Margaret Volkova
Tags:Asia, Europe, crude and gaz condensate, medicine, Neste oil, COVID-19, USA.
Category:General News
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