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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

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

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.

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NEXT Renewable Fuels and Shell Trading (US) enter renewable diesel purchase and sale agreement

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NEXT Renewable Fuels , Inc. NEXT) and Shell Trading (US) Company (Shell) have entered a long-term purchase and sale agreement for the purchase of renewable diesel from NEXT’s planned Port Westward, Oregon facility. million barrels (600 million gallons). NEXT is focused on the development and production of second?generation

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bp begins producing SAF by co-processing used cooking oil at Lingen refinery

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bp has begun producing sustainable aviation fuel (SAF) from used cooking oil in co-processing process with crude oil at its plant in Lingen, Germany. Fats, Oils and Greases (FOG) co-processing is one of nine ASTM-approved conversion processes for SAF production. Earlier post.).

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Neste and Rolls-Royce partner to accelerate use of renewable diesel

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Neste and Rolls-Royce have agreed to build a strategic partnership on accelerating the use of renewable diesel as a lower-emission solution for diesel engines. Both parties share a common vision of renewable fuels playing a key role in reducing greenhouse gas emissions in off-highway applications, such as construction and power generation.

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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. gasoline demand would have put upward pressure on world oil prices. Greene, Charles B. 2020.111517.

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bp investing $269M to improve efficiency, reduce emissions and grow renewable diesel production at Cherry Point Refinery

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bp plans to invest $269 million investment in three projects at its Cherry Point Refinery in Washington state, aimed at improving the refinery’s efficiency, reducing its carbon dioxide emissions and increasing its renewable diesel production capability. Renewable Diesel Optimization. The hydrocracker is the “heart” of the refinery.

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