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Argonne team releases 2018 GREET LCA model

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Argonne National Laboratory’s Systems Assessment Group announced the 2018 release of the suite of GREET models and associated documentation. For the 2018 release, we added three bio-derived products: bio-ethylene oxide (EO), bio-ethylene glycol (EG), and bio-terephthalic acid (TPA). road, air, marine, and rail).

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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing

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Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. trillion in 2018, a level similar to 2017.

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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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Natural gas emerged as the fuel of choice, posting the biggest gains and accounting for 45% of the rise in energy consumption. Gas demand growth was especially strong in the United States and China. Still, that was not fast enough to meet higher electricity demand around the world that also drove up coal use.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. In a speech made at the Association of International Petroleum Negotiators’ 2017 International Petroleum Summit, Johnston laid out his concerns for the future of oil.

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Goodyear unveils 90% sustainable-material demonstration tire, approved for road use

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This demonstration tire has passed all applicable regulatory testing as well as Goodyear’s internal testing. Goodyear’s 90% sustainable-material demonstration tire features four different types of carbon black that are produced from methane, carbon dioxide, plant-based oil and end-of-life tire pyrolysis oil feedstocks.

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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

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Alstom and MOL, Hungary’s leading oil and gas company, have signed a Memorandum of Understanding to structure cooperation in examining the use of hydrogen technology in rail transportation. Alstom is a pioneer of hydrogen technology, having introduced the Coradia iLint to the German market in September 2018 ( earlier post ).

Hungary 334