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GE and Shenhua to Create Joint Venture for Advanced Coal Gasification and Coal Technology Solutions in China

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This includes industrial coal gasification applications in China as well as jointly pursuing the deployment of commercial scale IGCC plants with carbon capture. The parties anticipate that the transaction would be completed in the first half of 2010, subject to the negotiation of definitive agreements and obtaining all required approvals.

Coal 231
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Obama Announces Steps to Boost Biofuels, Clean Coal; RFS2, BCAP, BIWG and Carbon Capture and Storage Task Force

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First, the Environmental Protection Agency (EPA) finalized the Renewable Fuel Standard Program (RFS2) rule to implement the long-term renewable fuels standard of 36 billion gallons by 2022 established by Congress and also issued the targets for 2010. The EPA also set the 2010 RFS volume standard at 12.95 per gallon.

Obama 218
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Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Total subsidies for renewable energy stood at $66 billion in 2010 (a 10% increase from the year before); the total value of global fossil fuel subsidies is estimated at between $775 billion and more than $1 trillion in 2012, Two thirds of the renewable energy subsidies went to renewable electricity resources and the remaining third to biofuels.

Renewable 312
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Oxford Catalysts in $5.9M Fischer-Tropsch Demonstration and Commercialization Agreement; Focus on Biomass- and Waste-to-Liquids Applications

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Oxford Catalysts Group PLC, signed a definitive joint development agreement (JDA) with SGC Energia, SGPS, S.A. million of further funding directly to the Group over the balance of 2009 and 2010. Oxford Catalysts has a platform catalyst technology that provides the increased activity in microchannel reactors. Earlier post.).

Waste 262
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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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Between 2010 to 2030 the contribution to energy growth of renewables (solar, wind, geothermal and biofuels) is seen to increase from 5% to 18%. Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. Coal will increase by 1.2%

Energy 210
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Mirant and RRI Energy to Merge to Create GenOn Energy; Second-Largest Independent Power Producer in US

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have entered into a definitive agreement to create GenOn Energy, which will be the second-largest independent power producer in the United States (behind Exelon), with approximately 24,700 megawatts (MW) of electric generating capacity and a pro forma market capitalization of $3.1 These generating assets use natural gas, oil and coal.

Energy 186
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PNNL modeling study finds climate benefit for cutting soot, methane smaller than previous estimates

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At least two studies have been published since 2010 that suggest reducing soot and methane would cut human-caused global temperature increases by half of a degree Celsius, or about 1 degree Fahrenheit, by 2050. International leaders took note and formed the Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants in 2012.

Climate 199