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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). 2005 Hurricane Katrina Sale. (The 2005 Hurricane Katrina Sale.

Oil 418
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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. Sasol will embark on a feasibility study to evaluate the viability of a GTL venture in Calcasieu Parish, Louisiana, over the next 18 months.

Louisiana 210
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Valero providing construction financing for Valero-Diamond renewable diesel JV

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A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Charles refinery near Norco, Louisiana.

Financing 186
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Shell moves forward with ultra-deepwater Stones project in Gulf of Mexico; deepest production facility in world

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Royal Dutch Shell plc (Shell) made a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. The Stones field has significant upside potential and is estimated to contain more than 2 billion boe of oil in place, according to Shell.

Mexico 231
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Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel

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Charles refinery near Norco, Louisiana. The partners expect that the proposed facility would principally convert waste grease—primarily animal fats and used cooking oil supplied by Darling—and potentially other feedstocks that become economically and commercially viable into renewable diesel. Earlier post.).

Renewable 199
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Denbury Undertakes Midwest CO2 Pipeline Feasibility Study

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has initiated a comprehensive feasibility study of a possible long-term CO 2 pipeline project which would connect proposed gasification plants in the Midwest to Denbury’s existing CO 2 pipeline infrastructure in Mississippi or Louisiana. Denbury Resources Inc. Denbury Resources Inc.

CO2 150
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European Biodiesel Production Up 16.6% in 2009

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2008, 54% in 2006 and 65% in 2005); in 2007, the industry growth rate was. than soybean and canola oils, signalling its likely US. Differential Export Taxes (DET) maintain a large differential between an export tax on crude soybean oil of. Direct Oil Use Consequences) i.e. among others the. and countervailing duties.

2009 230