Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • US Green Hydrogen Extension Faces Economic Reality: Two-Year Window May Not Bridge Competitiveness Gap
  • India’s Energy Storage Market Breakthrough: Record 8.1 GWh Monthly Tender Volume Drives Tariff Competition to ₹3.13/Unit
  • Hyundai’s New Hydrogen Car Deal: Does It Solve the Real Problems?
  • Green Hydrogen Reality Check: Why 80% of EU Projects Face Cancellation This Decade
  • Future of Geothermal Energy Growth, Technology Breakthroughs
  • Australia’s Green Fertiliser Revolution: Inside the GEGHA Hydrogen & Ammonia Project
  • CATL Scales Battery Swapping Infrastructure with Eyes Set on Europe
  • Mineral Interactions Pose Hidden Risks to Geological Hydrogen Storage Integrity
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Europe
Green Hydrogen H2 News

T&E: Oil majors invest eight times more in biofuels than hydrogen

Anela DoksoBy Anela Dokso11/01/20232 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

According to a recent study conducted on behalf of Transport & Environment (T&E), investments in the refining of biofuels are eight times larger. This suggests that the “big bet” made by Europe’s oil majors on hydrogen as the future’s transportation fuel is not as large as it appears in theory.

T&E charges oil producers with picking the convenient, unsustainable biofuels option instead of being serious about investing in genuinely clean fuels.

Only a portion of the hydrogen investments being made by Europe’s largest oil companies, Shell, BP, Total, Eni, and Repsol are truly “green.” According to the study, the majority of their investments are being used to reduce the carbon intensity of their refinery operations rather than to provide environmentally friendly transportation fuels.

According to the analysis, as more vehicles switch to electric power, the need for oil for road transport in the EU will decrease by over a third by 2035. Petrol demand will continue to decline by 5% year starting in 2035. A large portion of the current refining capacity will need to be shut down or changed to processing alternative fuels in order to prevent becoming stranded assets.

Up until 2030, the refining industry plans to invest €39 billion in alternative fuels, roughly 75% of which would be used to boost biofuel output. By 2030, production capacity for advanced biofuels (HVO) will double to 10 megatonnes thanks to investments totaling €2 to €3 billion. According to T&E’s calculations, this is four times more than what can be sourced sustainably in the EU. This will probably result in mass importation of questionable used cooking oil from overseas as well as limited “waste” items like animal fats being taken from other businesses.

One of the largest consumers of hydrogen today is the oil refining industry, with the majority using carbon-intensive grey hydrogen derived from fossil fuels. The study claims that in order to improve the efficiency of their manufacturing processes, oil corporations are spending about €6.5 billion on so-called “low carbon” blue hydrogen. This is twice as much as they currently spend on making environmentally friendly hydrogen and e-fuels, which might be used to clean up shipping and aviation.

Share. LinkedIn Twitter Facebook Email

Related Posts

green hydrogen

Green Hydrogen Reality Check: Why 80% of EU Projects Face Cancellation This Decade

04/08/2025
Hydrogen

Spain’s Hydrogen Infrastructure Faces Environmental Roadblock

31/07/2025
storage energy Battery

Nuclear Site Transformation: EnBW’s 400MW Battery Plan Tests Germany’s Storage Economics

31/07/2025
hydrogen

Austria’s €3.5B Hydrogen Gambit: Infrastructure Investment Against European Market Skepticism

30/07/2025
hydrogen

Germany’s Hydrogen Acceleration Act: Regulatory Relief Amid Market Reality Gap

30/07/2025
Battery Storage

Portugal Allocates €400 Million to Reinforce Grid Stability and Expand Battery Storage After April Blackout

29/07/2025
Green Hydrogen

US Green Hydrogen Extension Faces Economic Reality: Two-Year Window May Not Bridge Competitiveness Gap

04/08/2025
energy storage

India’s Energy Storage Market Breakthrough: Record 8.1 GWh Monthly Tender Volume Drives Tariff Competition to ₹3.13/Unit

04/08/2025
Hyundai

Hyundai’s New Hydrogen Car Deal: Does It Solve the Real Problems?

04/08/2025
green hydrogen

Green Hydrogen Reality Check: Why 80% of EU Projects Face Cancellation This Decade

04/08/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.