article thumbnail

Phillips 66 progressing its conversion of California refinery to renewable fuels

Green Car Congress

The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. The Santa Maria facility in San Luis Obispo County that currently provides crude oil feedstocks to the Rodeo facility will be idled and decommissioned. Earlier post.).

article thumbnail

EIA forecasts crude oil prices will decline through 2023

Green Car Congress

Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.

article thumbnail

Topsoe enters agreement with Steeper Energy to introduce complete waste-to-biofuel solution

Green Car Congress

Topsoe and Steeper Energy , a developer of biomass conversion technologies, signed a global licensing agreement for a complete waste-to-fuel solution. The process conditions are carefully chosen to promote reaction pathways that favor high yields of high-quality renewable oil.

Waste 293
article thumbnail

Maersk selects Wärtsilä HY Module hybrid solution for AHTS vessel conversion

Green Car Congress

Wärtsilä will supply its Wärtsilä HY Module , a containerized hybrid battery power and energy storage system to Maersk Supply Service, the Denmark-based provider of offshore marine services and integrated solutions for the global energy sector. This is believed to be the world’s first AHTS hybrid battery conversion.

article thumbnail

ETH Zurich catalyst can convert polypropylene directly into motor oil with high selectivity

Green Car Congress

With tuning, the catalyst can achieve a selectivity of 80% toward motor oil (C 21 –C 45 ). As an indication of the industrial interest in this field, Neste and and Ravago recently announced plans to set up a joint venture to focus on chemical recycling of mixed waste plastic using a thermochemical liquefaction technology from Alterra Energy.

Oil 389
article thumbnail

MAN PrimeServ to retrofit up to 60 vessels for Seaspan and Hapag-Lloyd for methanol dual-fuel propulsion

Green Car Congress

MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and management in collaboration with Hapag-Lloyd, one of the leading global liner shipping companies. This agreement includes 45 optional engine retrofit solutions.

Fuel 370
article thumbnail

Southern Rock Energy Partners picks Cushing, OK as site for new $5.56B 250 kbpd crude refinery

Green Car Congress

and the City of Cushing, Oklahoma announced that Southern Rock Energy Partners, LLC (SREP) has selected Cushing as the site for its 250,000 BPD next-generation, full conversion crude refinery. Cushing is the most significant trading hub for oil in North America. The Cushing Economic Development Foundation, Inc.

Oklahoma 170