Our definition includes but is not limited to hydrogen, synthetic gas (e.g. methane, propane) or synthetic liquid fuels and chemicals (e.g. methanol, diesel, gasoline, kerosene, ammonia, Fischer-Tropsch products) and is hence technologically neutral. In line with the long-term goal of reducing GHG emissions, the carbon needed for the production of hydrocarbon powerfuels (methane, propane, methanol etc.) can originate from carbon capture of existing emission streams and biogenic sources, or from direct air capture technologies that draw carbon dioxide from the ambient air. Nitrogen (required for ammonia synthesis) can be captured by direct air separation units. In line with our definition of Powerfuels, “e-fuels” and “synthetic fuels” are synonyms.
Global perspective is needed to address climate change
Human influence on the global climate system is clear and a global perspective is needed to address Climate Change. For the first time, from 2024 there will be common binding minimum standards for reporting by states on their greenhouse gas emissions or other climate protection measures. The challenge of climate change presents both wide-ranging threats and opportunities for the private sector. Governments are called upon to promote policies that safeguard competitiveness, economic growth and jobs and enable companies to use their innovative power to protect the climate and make the transition to a sustainable global economy possible. Technology openness is needed in order to enable a level playing field between the various possible approaches for achieving climate targets.
Powerfuels are the game changing missing link
Powerfuels are synthetic gaseous or liquid non-biofuels produced from Power-to-X processes by utilising renewable electricity. Powerfuels are game changers as they enable renewable energy to be stored and transported over long distances. Powerfuels will be a missing link for reaching climate targets due to 5 key reasons: They are climate-friendly solutions to applications with no viable alternatives, they reduce the cost of energy transition by utilising existing “full-fledged” infrastructures and provide long-term storage options, they can be transported and traded globally, they could accelerate the de-fossilization of existing consumer end-use equipment since they are green drop-in alternatives to fossil fuels, and, they fit any of the county-specific decarbonisation approaches.