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Neste Oil in renewable diesel blend demonstration project aimed at commercialization; Diesel R33

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Neste Oil is part of a fleet demonstration program of a new blend of diesel fuel in Coburg, Germany. The Diesel R33 project is a follow-up to a trial conducted in Coburg and Munich in 2010-2011. Union for the Promotion of Oil and Protein Crops - UFOP. Test bus for the Diesel R33 project. Click to enlarge. Earlier post.)

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Solazyme and Bunge form joint venture for commercial-scale renewable oil production facility in Brazil

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Solazyme produces tailored oils using heterotrophic algae grown in industrial fermenters. Algae-based renewable oil company Solazyme, Inc. Algae-based renewable oil company Solazyme, Inc. will have an expected annual production capacity of 100,000 metric tons of oil. Source: Solazyme. Click to enlarge. Earlier post.).

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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

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Canada-based Osum Oil Sands Corp. The financing was led by a combination of new and existing shareholders. The SAGD (steam assisted gravity drainage) pilot project at Saleski began operations in December 2010. The placement will consist of 21.2 million common shares at $12.50

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EIA: US ethane demand grew 9% in 2022, driven by petrochemical capacity additions

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US production and consumption of ethane (a hydrocarbon gas liquid used almost exclusively as a feedstock in the petrochemical industry) has grown since 2010, along with the build-out of US petrochemical capacity. MMBtu, according to Bloomberg Finance, L.P. In 2022, US ethane demand increased by approximately 9%, or almost 0.2

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ by Bill Cooke. Billion vs. $28.3

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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While Russia holds significant leverage in influencing oil and gas prices, it pales in comparison to China’s position in several strategic industries critical to the energy transition, says report author Michelle Michot Foss, fellow in energy and materials at the Baker Institute. Between 2010 and 2021, worldwide nickel usage grew almost 90%.

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Worldwatch: Fossil fuel subsidies continue to outweigh those for renewable energy; international pledges on reform unfulfilled

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Total subsidies for renewable energy stood at $66 billion in 2010 (a 10% increase from the year before); the total value of global fossil fuel subsidies is estimated at between $775 billion and more than $1 trillion in 2012, Two thirds of the renewable energy subsidies went to renewable electricity resources and the remaining third to biofuels.

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