Remove Affordable Remove Cost Of Remove Oil Remove Supplies
article thumbnail

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
article thumbnail

GE and Sargas AS partner on gas-fired plants with carbon capture for enhanced oil recovery

Green Car Congress

GE has concluded a commercial alliance agreement with Norway-based Sargas AS to provide a gas turbine for one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery (EOR). Overview of the Sargas system. Source: Sargas. Click to enlarge. — Sargas’ Chief Executive Henrik Fleischer.

Oil 220
article thumbnail

BNEF: E-buses to surge even faster than EVs; supply of cobalt potential risk to the pace of growth

Green Car Congress

However, a shortage of charging infrastructure and a lack of affordable models will hold back the market in India, so that EVs will make up just 7% of new car sales in 2030 there. It shows electric buses in almost all charging configurations having a lower total cost of ownership than conventional municipal buses by 2019.

Supplies 210
article thumbnail

DOE to award up to $6M for projects to develop advanced biomass supply chain technologies

Green Car Congress

The US Department of Energy (DOE) has issued a new Funding Opportunity Announcement ( DE-FOA-0000836 ) for up to $6 million for projects that will develop and demonstrate supply chain technologies to deliver commercial-scale lignocellulosic biomass feedstocks affordably to biorefineries across the country.

Supplies 225
article thumbnail

ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

Green Car Congress

billion, as the world’s population grows and more people in developing economies are able to afford cars. This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries. China will see the largest increase—more than 4 million oil-equivalent barrels per day.

Oil-Sands 309
article thumbnail

Cal Energy Commission awards Shell $4M to develop and demonstrate multi-modal hydrogen refueling station; road and rail

Green Car Congress

The California Energy Commission has approved a 4-million grant to Equilon Enterprises LLC (dba Shell Oil Products US) to develop and demonstrate the first multi-modal hydrogen refueling station in California. Enhance fueling performance through the inclusion of a thermal management subsystem in the station design.

Hydrogen 170
article thumbnail

Boeing conducts world’s first flight with 15% blend of NExBTL renewable diesel as aviation biofuel

Green Car Congress

The company powered its ecoDemonstrator 787 flight test airplane with a blend of 15% NExBTL renewable diesel from Neste Oil and 85% petroleum jet fuel in the left engine. Neste Oil can also produce a NExBTL synthetic paraffinic kerosene as a discrete, and already approved, commercial aviation fuel.).

Diesel 199