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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. Many countries, cities, companies, and individuals have made pledges to reduce emissions, and it is stark reminder that despite all this rhetoric, global fossil CO 2 emissions are more than 5% higher than in 2015, the year of the Paris Agreement.

Global 221
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Neste Oil to recover CO2 at its renewable diesel refinery in Singapore

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Neste Oil Singapore Pte Ltd and National Oxygen Pte Ltd (NOX), one of the one of the largest industrial gas manufacturers in Singapore, have signed an agreement to install a carbon dioxide recovery and liquefaction plant at Neste Oil’s renewable diesel (NExBTL) refinery in Singapore.

Singapore 218
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CO2 Solutions announces enzyme-enabled carbon capture pilot at heavy oil site with Husky Energy

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Under the terms of the agreement, CO 2 Solutions will install and operate a pilot unit capturing approximately 15 tonnes of CO 2 per day at Husky’s Pikes Peak South, Saskatchewan heavy oil site on a once-through steam generator. Earlier post.).

Oil-Sands 199
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Air Products heralds successful operation of project to capture CO2 from hydrogen production for use in enhanced oil recovery

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Air Products heralded the successful operation of a US Department of Energy (DOE) demonstration project that will capture approximately one million tons of carbon dioxide (CO 2 ) from hydrogen production for use in an enhanced oil recovery project in which DOE anticipates an additional estimated 1.6-3.1

Oil 186
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ITF: measures to decrease road freight CO2 emissions

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Furthermore, road freight activity is set to more than double from 2015 to 2050. Trucks represent the fastest growing source of global oil demand. They account for 40% of the expected increase in oil demand to 2050 and 15% of the increase in global CO 2 emissions.

Emissions 255
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Shell secures C$865M funding for Canadian CO2 storage project; >1M tonnes/yr from oil sands

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The carbon capture process at the Scotford oil sands upgrader will capture about 35% of emissions. The signing of the funding agreement was announced as part of an event marking the earlier start-up of Shell’s 100,000-barrel-per-day expansion of its Athabasca Oil Sands Project (AOSP), bringing total capacity to 255,000 barrels per day.

Oil-Sands 186
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Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

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They analyzed the impact of the mandates on oil demand, CO 2 emissions, and economic welfare, and compare the results to an emission trading scenario that achieves identical emissions reductions. This study, for the first time, quantifies the vast economic costs of that policy using a general equilibrium framework.

Standards 218