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Equatorial Guinea, DRC to develop joint oil refinery and storage facilities

Green Car Congress

These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products. West-Central Coastal Province, West Africa. —DRC Minister Didier Budimbu Ntubuanga.

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. operated a global commodity trading business, which included trading in fuel oil.

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

Green Car Congress

A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Click to enlarge. The role that each party plays differs by region.

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UK wants to ban 100% ICE power by 2030

EV Info

Hydrogen: Have five gigawatts of “low carbon” hydrogen production capacity by 2030 – for industry, transport, power and homes – and develop the first town heated by the gas by the end of the decade. To upscale this type of production from renewable sources would put massive demand on renewables, of which most seems destined for domestic use.

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