article thumbnail

Ricardo study suggests global oil demand may peak before 2020, falling to below 2010 levels by 2035

Green Car Congress

Global demand for oil may well peak before 2020, falling back to levels significantly below 2010 demand by 2035, according to a multi-client research study conducted by Ricardo Strategic Consulting launched in June 2011 in association with Kevin J. The world is nearing a paradigm shift in oil demand. Lindemer LLC.

Oil 210
article thumbnail

Lockheed Martin invests $4M in Forge Hydrocarbons; lipid to hydrocarbons technology

Green Car Congress

Canada-based Forge Hydrocarbons Corporation, a spin-off from the University of Alberta ( earlier post ), has received a US$4-million from Lockheed Martin under the Industrial and Technological Benefits (ITB) Policy. Forge’s LTH technology reduces green house gas emissions by over 70% compared to petroleum-based fuels.

Canada 249
article thumbnail

Honeywell UOP technology selected for new 300K bpd oil refinery in Iraq

Green Car Congress

The Iraq State Company for Oil Projects (SCOP), under the Ministry of Oil for Iraq, has selected Honeywell’s UOP to provide key technologies to process 300,000 barrels per day (bpd) of domestic crude oil into gasoline and diesel fuel at a new refinery in Nassiriya, Iraq.

Iraq 186
article thumbnail

Average carbon intensity of oil sands production has dropped ~36% in last 40 years; still 12-24% higher than conventional oil CI

Green Car Congress

The carbon intensity (CI) of Alberta oil sands production has significantly decreased over the last 40 years, according to a new study by a team from Stanford University published as an open access paper in the journal Environmental Research Letters.

Oil-Sands 210
article thumbnail

Oil sands growth to push Canadian crude production to about 4.7M bpd in 2025, up 67% from 2010; in situ production takes lead in 2016

Green Car Congress

Canadian oil sands & conventional production. Oil sands growth will drive Canadian crude oil production to about 4.7 million bpd in 2010—a 67% increase— according to the latest forecast from the Canadian Association of Petroleum Producers (CAPP). The forecast sees oil sands production rising from 1.5

Oil-Sands 199
article thumbnail

Preem selects Haldor Topsoe HydroFlex technology for renewable diesel and jet fuel production

Green Car Congress

Preem has chosen Haldor Topsoe’s HydroFlex renewable fuel hydrotreating technology to produce clean renewable diesel and jet fuel at its Gothenburg refinery in Sweden. The new plant is scheduled to be put on-stream in 2024 and will be dedicated to producing renewable fuels from tall oil, tallow, and other renewable feedstocks.

Renewable 221
article thumbnail

EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

Green Car Congress

World energy consumption by fuel type, 2010-2040. The US Energy Information Administration’s (EIA’s) International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu. Source: IEO2013.

2010 317