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BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%

Green Car Congress

BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient producer of sugarcane ethanol in Brazil: BP Bunge Bioenergia. Brazil is the world’s second-largest and most integrated market for ethanol as a transportation fuel with demand forecast to grow rapidly.

Brazil 339
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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
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Interim assessment finds Volkswagen’s “Think Blue. Factory.” environmental program tracking to meet 2018 goals of 25% improvement vs. 2010

Green Car Congress

environmental program remains on track to meet its 2018 goals of reducing energy and water consumption as well as the share in waste, CO 2 and solvent emissions at all Volkswagen plants throughout the world by 25% compared with 2010 levels by 2018. Under the program, some 5,000 individual measures are to be taken by 2018.

2018 231
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Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. also rose in Brazil and Norway. 2018 recorded an overall growth in oil production of 2.5 OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. thousand terawatt-hours in 2018, up from 6.4 Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017.

Coal 243
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EPA proposes slight ease in 2018 renewable fuel volumes compared to 2017; gearing up for future reset

Green Car Congress

Environmental Protection Agency (EPA) issued a proposed rule setting the minimum amount of renewable fuels that must be supplied to the market in calendar year 2018 under the Renewable Fuel Standards (RFS) program. The biomass-based diesel standard for 2019 would be maintained at the 2018 levels of 2.1 Proposed 2018. Final 2017.

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