Analysts also believe there will be a 24% uptick in electricity made from solar compared with last year

The ship in question holds four times the amount of oil carried by the Exxon Valdez, which caused one of the worst environmental disasters in US history when it spilled in 1989

It aims to transition it to non-crude oil refining and a renewable and circular solutions site

Under the agreement, Avfuel will also buy one billion gallons of SAF over a 20-year period

All associated emissions have been offset for the transaction

A new report suggests zero-emission plastics are a possibility and the only thing halting progress ‘is the will’

The factory will use Biofabrik’s ‘WASTX Plastic’ process that converts plastic waste into synthetic crude oil

The Occidental subsidiary says the transaction is a step in the right direction to achieving ‘net zero oil’