Porsche Starts Producing e-fuel for Cars
In a bid to replace traditional fuel consumption, Porsche along with its partners, has started the production of e-fuel – a combination of water, hydrogen and carbon dioxide.
The German car maker has stated that their pilot plant at Chile has started the commercial production of synthetic fuel. The company planned to produce millions of gallons of this alternative fuel by the mid of decade.
Initially, Porsche has a plan to use e-fuel in motor sports. Afterwards, it will be sold to the oil companies to distribute it to the consumers. Company officials has informed the journalists that company will sell 128,000 liters of fuel as “initial test batch” and also for promotion purposes.
It is claimed that company’s new plant will produce 145 million gallons of e-fuel in coming 7-8 years, whereas Punta Arenas Plant will generate 54 million liters by the end of 2025. And, production of biofuel will be increase manifold, once the episode concluded with positive response.
Chevron Caltex Is Here to Stay
The international brand Chevron, which operates as Chevron Pakistan Lubricants Pakistan (Pvt) Ltd., has signed a long-term trademark licensing agreement with Be Energy Limited (BE) to revive the Caltex brand. The brand was previously about to exit the market but chose otherwise. This new agreement shows Chevron’s commitment to staying and growing in Pakistan.
The aim of this licensing agreement is to appoint BE as a national seller, marketer, and distributor of the Caltex brand in Pakistan. The ultimate goal of Chevron is to grow their service-station network of the Caltex brand to over 400 retail stations in the next 8 years, all over Pakistan.
This agreement not only shows the commitment of Chevron but is also indicative of the fact that Pakistan’s economy is still stable enough for international brands to invest here.