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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d by 2023 to 104.7

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Boeing, GOL Airlines collaborate to increase sustainable aviation biofuel supply in Brazil

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will work together to speed the research, development and approval of new sources of sustainable aviation biofuel in Brazil. The agreement between Boeing and GOL is a significant new step in efforts to advance an aviation biofuel industry in Brazil. Boeing and GOL Linhas Aereas Inteligentes S.A.

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Brazilian Sugarcane Industry Association formally opposes EPA RFS proposal

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Breaking with its past support of EPA’s RFS implementation decisions, the Brazilian Sugarcane Industry Association (UNICA) is formally opposing EPA’s proposal—due to be released in about two weeks—to reduce RFS volume targets for 2014, 2015, 2016 ( earlier post ). Earlier post.). Earlier post.).

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Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

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This year, shale output forecasts combine with OPEC’s production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street’s major investment banks. UBS, for its part, expects a 4-million-bpd supply gap by 2020. shale output. million bpd.

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BASF introduces blockchain pilot project to improve circular economy and traceability of recycled plastics

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million tons of plastic waste in 2016. With reciChain, our goal is to revitalize the value of plastics and significantly improve circularity in the supply chain. The result is a more competitive circular supply chain rather than a linear one, extending the lifecycle of plastics. —Marcelo Lu, President, BASF Canada.

Economy 423
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Boeing, Japanese aviation industry unveil biofuel roadmap to 2020 Olympics

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The broad timeline for implementation is: Formulation of a business plan during FY 2015 ~ 2016; Design and construction of a plant from FY 2016 ~ 2018; Trial operation in 2019; and. Commencement of fuel supplies in FY 2020.

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Ballard signs LOI to provide hydrogen fuel cell modules to power 25 buses in Sao Pãulo, Brazil

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Ballard Power Systems has signed a Letter of Intent (LOI) with The City of Sao Pãulo, Brazil for 25 FCvelocity-HD6 fuel cell modules to power 25 buses in that city. Earlier in December, Ballard signed an equipment supply agreement with Van Hool NV, Europe’s fourth largest bus manufacturer, for 21 FCvelocity-HD6 fuel cell power modules.

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