Sustainable growth in the aviation in 2019

The aviation industry is expected to explore a substantial growth in renewable energies during this year. The industry is committed to achieve a carbon-neutral growth by 2020 and one major strategy goal is to the use of renewables.

Aviation will be swifting to use more biofuels which are from organic sources (like waste, algae and oil) and thus use less of fossil-fuels. Airplanes will be using Renewable Jet Fuel (RJF) or Sustainable Aviation Fuel (SAF). This change will also mean the overall efficiency in the operations, while the new fuels also perform well in the cold weather (up to -47 C).

These new biofuels have significantly lower carbon emissions over their lifecycle and according to some studies, the fuels can be up to 80 % less carbon-intensive over their lifecycle. It is also notable that the fuels minimize their impact on biodiversity and have lower impact on food crops or drinking water. A sustainable biofuel releases only the carbon absorbed by the feedstock plants.

According to IATA (International Aviation organization) the industry has agreed on these steps to mitigate the Climate Change:

– An average improvement in fuel efficiency of 1.5% per year from 2009 to 2020
– A cap on net aviation CO2 emissions from 2020 (carbon-neutral growth)
– A reduction in net aviation CO2 emissions of 50% by 2050, relative to 2005 levels

Air transport accounts for 2% of global man-made CO2 emissions. In 2017, civil aviation, as a whole, emitted around 859 million tonnes of CO2 according to IATA.

Some of the renewables producers like Neste Group (Neste) is also expecting a major increase in the aviation, while the company has announced its plans to produce more renewable jet fuels this year. In fact, they have said  that they “plan to produce sustainable jet fuels more than all other providers combined”.

The growth is remarkable while Neste estimates the renewables jet fuels to exceed 400K in production in 2022. In 2017 the company produced renewables all together 2567K and has published its new investments in its Singapore site, which will focus on renewables.

The company is expected to publish the year 2018 figures on the 6th 2019 and will have a Capital Markets Day in London on the 27th February 2019.

 

 

 

 

 

 

Business Finance

Brexit insight: Marine planning vital for low-carbon energy

The UK decision to leave the European Union has caused questions related to the issues on the UK coastal line and the economic development in the area.  According to the UK Goverment, the Brexit deal means that the UK will have its own, independent fishery policy in the future.  This indicates also that UK will no longer be part of the European Marine Spatial Planning process – but will stay in the Unclos, which is an UN convetion on the Law of Seas.

The Unclos is important part of the governance in the seas, while aquaculture origins and other natural resources in the global Seas are governed by this. The goverments have agreed for example of the so called Exclusive Economic Zone (EEZ) -areas, which indicate the ownership of the country in the seas. And under these nautical miles the country has the full owership to the natural resources.

What does this mean in practice? It means that the countries, in which the UK has the EEZ-border (Iceland, Denmark, Germany, Netherlands, Belgium, France and Faroe Islands) must work together more closely in the economic issues if the EU Marine Spatial Planning is not any more in use and if the UK will not be part in the EU Marine Strategy Framework Directive.

UK MSP

This is also important while the UK Marine is importat part of the country´s energy policy and energy mix. But also the UK´s energy supply and distribution. This includes the country´s oil and gas sector ,companies like BP (BP) and  Royal Dutch Shell (RDSA) , but also the growing new energy sector, the renewables. According to the national oil and gas industry, capital investments in the UK offshore oil and gas industry were 5.6 billion pounds in 2017.

This low carbon energy related to mitigating the Climate Change and energy security in general include for example offshore wind, wave and tide energy. According to the UK Marine Policy Statement, it is anticipated that the amount of wave and tidal energy will increase markedly up to and beyond 2020.

The low carbon energy sector is also a major employer in the offshore and in the coastal line.  According to Oxford Economics, it is assumed that each 1MW
of installed capacity adds 0.29 direct and 0.16 indirect jobs.  The employment growth in the coastal towns has been better than average, says the UK Statistical office.

Currently there are 12 offshore wind farms in the UK, with the largest offshore wind farm in the world located off Kent.

In addition to the renewables, the coastal line is imporant economic factor for example to construction, port operations, aquaculture, tourism, water and waste management and telecommunications.

-Aquaculture is the process of farming or culturing aquatic
organisms. The majority of marine aquaculture is currently related to
Atlantic salmon and shellfish.  The majority (99%) of existing UK marine based finfish aquaculture activity is located in Scotland, which is the largest producer of
farmed salmon in the EU, and the second largest in the world,
although aquaculture activity is increasing in other areas of the
UK, the UK Marine planning organization says.

The Brexit vote on next week Tuesday in the UK Parliament will give the independece of the UK fishery policy according to the PM Theresa May. It also means that in the future, UK will have to negotiate with its EEZ-border partners more in direct dialog in order to sustain and manage the economic, environmental, social and governance issues related to the area.  The oceans and seas are getting their true meaning for the socioeconomic development for a nation.

Päivi Härkönen, co-founder, EarthRate

Sources: EU Marine Spatial Platform, UK Marine Management Organization, EU Marine Strategy Framework Directive, Unclos, UK Oil and Gas, UK Goverment, UK Parliament
Business Research and Insights

Volvo V90 Cross Country Pro for professionals

 

Volvo V90 Cross Country Pro is for professionals when it comes to severe weather conditions. When I drove this car with terrible snow storm in Finland, I noticed the car acted as secure and reliable manner. Even nearly half a meter high soft snow mass was ok for it.

This Volvo has all the needed functions for safety driving – like the half automated pilot assist or driver alert control. Nowadays the car can alert you if you need a coffee brake and of course suggest you places to visit.

And during the winter time it is also good to notice that slippery road or big animals or cyclists are also informed to you. If needed the car can brake automatically.

Volvo V90 Cross Country is for active drivers with long distances, with sports equipments and for countryside. The structure and the design of the car inside will fullfill all expectations. The leather & led lights inside add the final touch of the high-quality car.

Volvo V90 Cross Country

Volvo (VLVLY)  is also known for its investments in environmental issues. During January  2018 the company reported that they have now the first climate neutral manufacturing plant in Skövde, Sweden.

This production site has switched to renewable heating and according to the company this is a major step towards the company´s vision of having climate-neutral global manufacturing operations by 2025.

This site is also one of the only few climate neutral automotive plants in Europe. The site uses different waste materials, biomass and recycled bio-fuels as renewable energy sources.

Lifestyle

Is fat algae a new sustainable biodiesel?

Green and renewable energy using algae is not so new, but according to scientists from Synthetic Genomics, Inc. (SGI) and ExxonMobil (XOM:US)  they have found the way how to produce energy-rich fat in the algae in order to use that to produce biodiesel at an industrian scale.

According to companies success in developing algae-based biodiesel at commercial levels will provide a number of tangible benefits.  “The fuel emits fewer greenhouse gases than most conventional energy sources, and that will help strengthen our ongoing transition to low-emission energy resources. Also, unlike other biofuel feedstocks, such as corn, algae production at an industrial scale would not stress food production”, the companies say.

Exxon says that to boost fat production, SGI scientists worked with their counterparts at ExxonMobil as nutritionists of sorts, tweaking the part of the algae genome responsible for the assimilation of nitrogen, an essential nutrient. The change is an algae with about 40 percent of its biomass as fat. “That’s more than double the fat content of conventional algae”, the company states.

Exxon published this finding in their second quarter earnings call in July this year. The companys is expected to publish the third quarter earnings on the 27th October. The company market value is 349 billion dollars and stock performance has been -1, 19 percent during this year.

Business Lifestyle