Saudi Aramco steps up e-fuel investment to prolong combustion engine era

Contributing sentiments towards policy:

61% : Al-Khowaiter said Saudi Aramco was seeing interest in its e-fuels project from carmakers in the EU and China and that any demand for biofuels could "easily be replaced" by e-fuels by 2050.
58% : The world's largest oil company is stepping up investment in synthetic fuels derived from renewable energy, as it bets on the conventional combustion engine to remain a crucial part of transport despite the shift towards electric vehicles.
51% : Ahmad Al-Khowaiter, a senior executive at Saudi Aramco, said the global rush to electrify most road transport "does not make sense" from a climate perspective, especially for countries where energy is sourced from fossil fuels, such as China, which relies on coal power for more than half its electricity.
51% : The EU has a mandate for airlines to start using e-kerosene by the end of the decade and wants the fuel to make up 35 per cent of total fuel use by 2050.
48% : The owner of Peugeot and Fiat said e-fuels could be "a competitive drop-in alternative to fossil fuels, contributing to decarbonise the existing car [fleet] -- assuming favourable financial and regulatory conditions".
29% : The car industry is betting on the longer lifeline for hybrids after the EU relaxed its emissions regulations on petrol cars, while US President Donald Trump has threatened to roll back consumer tax credits for EVs.

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