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Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

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Shandong Energy Group is the third-largest coal mining group in China in terms of production volume. The MoU comes in the context of efforts to strengthen ties between Saudi Arabia and China; Saudi Arabia and China signed a strategic partnership agreement last week during a visit to the kingdom by President Xi Jinping.

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Air Products to acquire Shell’s coal gasification technology business and patent portfolio for liquids (residue) gasification; coal-to-fuels in China

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Air Products will acquire Royal Dutch Shell’s Coal Gasification Technology business as well as Shell’s patent portfolio for Liquids (Residue) Gasification. As a leading industrial gas company, Air Products has extended its onsite supply model to use coal gasification to generate synthesis gas (syngas) for major projects.

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Baker Institute team says fossil fuel subsidies need global reform

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A decade later, fossil fuels continue to constitute 80% of global energy consumed—as they have since about 1910, when coal consumption surpassed that of biofuels, the researchers wrote. In 2018, eight member states maintained $207 billion in fossil fuel subsidies, International Energy Agency (IEA) data show.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Gas production globally grew by 3.1%; the US recorded 7.7% The EU’s decline in gas production was the highest on record (-11.4%).

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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SGH2’s gasification process uses a plasma-enhanced thermal catalytic conversion process optimized with oxygen-enriched gas. The end result is high purity hydrogen and a small amount of biogenic carbon dioxide, which is not additive to greenhouse gas emissions. But, until now, it has been too expensive to adopt at scale.

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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There could be a question mark over Saudi Arabia’s plan, announced in 2012, to invest $109bn in 41GW of solar power by 2032. Saudi Arabia burns up to 900,000 barrels of oil per day to generate over 50% of its electricity. Oil at $60/barrel could mean a natural gas price as much as $0.90/MMBtu

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The War in Ukraine Disrupts Trade in Both Food and Fuel

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Russia ranks second in the extraction of both crude oil (behind the United States and ahead of Saudi Arabia) and natural gas (behind the United States and ahead of Iran), and it is the sixth-largest producer of coal (behind Australia and ahead of South Africa).

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