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Viridos executes agreement with ExxonMobil to help scale algae biofuels toward commercial levels

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earlier known as Synthetic Genomics, has signed a joint development agreement with ExxonMobil Research and Engineering Company (EMRE) with the intent to bring Viridos’ low-carbon intensity algae biofuels toward commercial levels. Viridos Inc., The development partnership has continued over the years.

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API: total US petroleum demand topped 20.8 mb/d in July, highest since 2005; on-road fuel demand down

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year-over-year increase and the highest demand for the month since 2005, according to the latest Monthly Statistical Report released by the American Petroleum Institute (API). compared with July 2018—and the highest demand for the month of July since 2005. Total US petroleum demand averaged 20.8 This was a decrease of 0.9%

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Viridos raises $25M in Series A for algae-based jet and diesel fuel

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Viridos (founded as Synthetic Genomics (SGI) in 2005) ( earlier post ) has raised a $25-million Series A equity investment. The funding will be used for R&D to further increase algae oil productivity to reach commercially deployable levels. and United Airlines Ventures.

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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

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EIA 2035 reference case projects drop in US imports of petroleum due to modest economic growth, increased efficiency, growing domestic oil production, and biofuels

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EIA’s AEO2012 projects a continued decline in US imports of liquid fuels due to increased production of gas liquids and biofuels and greater fuel efficiency. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1

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Valvoline launches NextGen line of motor oil with 50% recycled oil

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The NextGen line of oils, with 50% recycled oil, will include conventional, synthetic blend and high mileage offerings. Valvoline, a leading independent marketer of motor oil, has introduced its NextGen line of motor oils, featuring the inclusion of 50% recycled base oil. Click to enlarge.

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Elevance Renewable Sciences, XiMo AG announce advancements in technology for metathesizing natural oils

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a producer of high-performance renewable specialty chemicals, and XiMo AG, a company focused on the development and application of proprietary metathesis catalysts, announced significant progress in the development of new technology for metathesizing natural oils and derivatives using Molybdenum-based catalysts. Schrock, Frederick G.

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