article thumbnail

Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

Green Car Congress

Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Less active oil majors in this space include ExxonMobil and ConocoPhillips.

article thumbnail

GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

Worldwide, billions of cubic meters (bcm) of natural gas are wasted annually, typically as a by-product of oil extraction. Depending on region, these may include power generation; gas re-injection (for enhanced oil recovery, gathering and processing); pipeline development and distributed energy solutions. Expand access to financing.

Waste 260
article thumbnail

Avantium raises 30M to advance YXY technology for green chemicals and fuels; new bio-based polymer PEF

Green Car Congress

Avantium, which spun off from Shell in 2000 to develop furan-based biofuels and biomaterials ( earlier post ), has raised €30 million (US$43.9 PEF is a new polymer that can be made out of plant material instead of oil; Avantium is targeting the replacement of petroleum-based polyesters as PET with PEF.

Polymer 199
article thumbnail

Bills in Congress Propose Up to $11B to Accelerate Deployment of Electric Vehicles; 50% by 2030

Green Car Congress

3442 , which has been referred to the Committee on Finance. Republicans and Democrats agree that electrifying our cars and trucks is the single best way to reduce our dependence on oil. Full text of the two bills as introduced is not yet published. Representatives Edward J.

article thumbnail

ADB draft report says 3B Asians could become affluent by 2050; significant challenges

Green Car Congress

Asia accounted for about 20% of the world’s energy consumption in 2000, 27% in 2007, and is expected to rise above 40% by 2050. The draft report compares the potential outcomes for Asia under two competing scenarios: the Asian Century and the Middle Income Trap. Energy consumption.

Asia 186
article thumbnail

Mascoma Announces Feedstock Processing and Lignin Supply Agreement with Chevron Technology Ventures; Chevron Working on Converting Lignin to Hydrocarbon Fuel Components

Green Car Congress

Unlike coal or heavy crude oil hydroprocessing, significant amounts of water are produced as a result of lignin hydroprocessing, due to the fact that lignin is oxygenated to a much greater degree than coal or heavy crude oil. Chevron says tests have shown that this produced water does not inhibit the lignin conversion.

Chevron 249
article thumbnail

PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. The new reality is a much more challenging future in terms of planning, financing and predictability. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1%