article thumbnail

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.

Oil 297
article thumbnail

BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

Green Car Congress

Through the swap, BASF aims to further expand its production of oil and gas via its wholly owned subsidiary Wintershall —Germany’s largest internationally active crude oil and natural gas producer—and to exit the gas trading and storage business. billion barrel of oil equivalent. This is equivalent to a total of 2.4

Gas 218
article thumbnail

Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

Green Car Congress

Earlier this year, Elevance entered into an agreement to form a joint venture with Wilmar International Limited (Wilmar), one of the largest global agribusiness groups, to construct a biorefinery based on olefin metathesis technology for the production of high-value performance chemicals, advanced biofuels and oleochemicals from renewable oils.

Financing 210
article thumbnail

Scania unveils new heavy-duty global engine platform

Green Car Congress

All inline engines are based on the latest platform introduced in 2007 with technologies to meet Euro 5 and Euro 6 emission requirements, as well as Euro 4 and Euro 3. The changeover to the new engines is taking place at Scania’s production units in South America during the second half of 2011. Emission technology.

Engine 186
article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

article thumbnail

Rice University Study and Policy Paper Find US Biofuels Policies Flawed, Recommend Fundamental Overhaul

Green Car Congress

The potential for production of ethanol in Latin America and the Caribbean is high, and much of it could be delivered to US coastal regions at a lower cost than shipping corn-based ethanol from the US Midwest. Chevron Technology Ventures and the Institute for Energy Economics of Japan provided support for the study. “We

Universal 257
article thumbnail

Final session on international mercury convention this week expected to culminate in agreement; UNEP Global Mercury Assessment 2013 finds industrial source Hg emissions may be rising

Green Car Congress

UNEP produced its first Global Mercury Assessment in 2002 and a subsequent study in 2007. Increasing industrialization has made Asia the main source region of mercury emissions to air, with East and Southeast Asia accounting for about 40% of the global total, and South Asia for a further 8%.

Mercury 262