Green Car Congress
FEBRUARY 23, 2017
The report estimates consumption to have been more than 500,000 barrels per day (b/d) in 2016. Consumption of MTBE and other derivatives in China was estimated at 230,000 b/d in 2016. China built its first methanol-to-gasoline (MTG) plant in 2010, and since then, another 10 MTG plants have come online.
Green Car Congress
DECEMBER 22, 2016
billion into bio-based materials and chemicals (BBMC) startups since 2010, reflecting the drive for sustainability, performance, and alternatives to petroleum feedstocks. Synbio startups attracted over $300 million, accounting for 53% of all VC investment in 2016 (through October 11), and three of the top five deals.
Green Car Congress
AUGUST 7, 2015
The rolling four-week average of US gross refinery inputs has been above the previous five-year range (2010-14) every week so far this year. million b/d in the first quarter of 2016. million b/d in third quarter of 2016. The record high gross inputs reflect both higher refinery capacity and higher utilization rates.
Green Car Congress
NOVEMBER 4, 2019
in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. Oil represented the largest share of final demand, at around 41%, but demand growth slowed to 1.5% In 2018, higher oil prices helped dampen demand for road transport fuels.
Green Car Congress
JULY 6, 2017
Under the new forecast, EVs will displace 8 million barrels of transport fuel per day and add 5% to global electricity consumption (1,800 TWh by 2040 up from 6TWh in 2016). The forecast shows EV sales worldwide growing steadily in the next few years, from the record 700,000 seen in 2016 to 3 million by 2021.
Green Car Congress
JUNE 23, 2016
The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.
Green Car Congress
JANUARY 23, 2012
Net petroleum imports as a share of total US liquid fuels consumed drop from 49% in 2010 to 38% in 2020 and 36% in 2035 in AEO2012. Under the Reference case, domestic crude oil production is expected to grow by more than 20% over the coming decade; already, domestic crude oil production increased from 5.1
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