Remove 2000 Remove Economy Remove Oil Remove Water
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API: January petroleum demand in US lowest in 18 years

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This isn’t surprising given an economy that’s still treading water.” and for residual fuel oil by 26%, although it rose for other oils by 0.6%. In January, total imports were at their lowest level for the month in 13 years, since 2000. Total US crude oil production in January rose above 7.0

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California 2017 GHG inventory shows 1.2% total drop from 2016; transportation sector emissions up 1%

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These reductions have occurred while California’s economy has continued to grow. while the carbon intensity of its economy declined by 4.5%. Changes in emissions by Scoping Plan sector between 2000 and 2017. It does not include emissions from petroleum refineries and oil production. Trends in California GHG Emissions.

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Chevrolet introduces second-generation Duramax 4-cylinder diesels; global engine

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Better efficiency also means better reliability, economy as well as lower emission levels. Water-cooled turbo. The improved variable-geometry turbo incorporates a water-cooling system in the turbine housing to reduce heat when operating at high speeds and full load. —Nicola Menarini, Global Chief Engineer, GM Powertrain.

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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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Anticipated population growth will reach nearly 9 billion in 2040 from about 7 billion today, and the global economy is projected to double—at an annual growth rate of nearly 3%—largely in the developing world. billion, as the world’s population grows and more people in developing economies are able to afford cars.

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Avantium raises 30M to advance YXY technology for green chemicals and fuels; new bio-based polymer PEF

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Avantium, which spun off from Shell in 2000 to develop furan-based biofuels and biomaterials ( earlier post ), has raised €30 million (US$43.9 In addition, Avantium secured a €5-million subsidy and innovation credit from the Dutch Ministry of Economy, Agriculture and Innovation (EL&I).

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IEA: Petrochemicals set to be the largest driver of world oil demand

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Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA.

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Avantium Building YXY Pilot Plant for Furanics Biofuels and Materials

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Avantium, which spun off from Shell in 2000 to develop furan-based biofuels and biomaterials, has begun construction of a pilot plant at the Chemelot site (Geleen, the Netherlands) to convert carbohydrates into furanic building blocks—which the company calls “YXY”—for making renewable materials and fuels.

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