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Mineral oil industry reshapes itself

Mineral oil industry reshapes itself

Logo en2xAware of the changing framework conditions in the energy sector, the hitherto dominant players are attempting to adapt to the new situation. At the beginning of November 2021, the German national mineral oil industry association (Mineralölwirtschaftsverband, MWV) and the national institute for heating and mobility (Institut für Wärme und Mobilität, IWO) announced that they wanted to work together from now on as the association en2x, officially Wirtschaftsverband Fuels und Energie eV, in order to, as they say, “accelerate the clean energy transition.” The name en2x derives from energy-to-X, that is, the conversion of a primary energy source into any other energy carrier for application or storage of that energy. (more…)