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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The company can build on a strong position. The production of oil and gas for energy use will be completely stopped by 2050.
the developer of a process for harvesting algae and cleaning up oil & gas water, announced that its second original equipment manufacturer’s (OEM) agreement will target oil service companies in the Canadian oil sands market. LH was an early private investor in Athabasca Oil Corporation. OriginOil, Inc.,
billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Air Products will build, own and operate the megaproject, which will produce more than 750 million standard cubic feet per day (MMSCFD) of blue hydrogen in Ascension Parish, Louisiana.
More than a dozen Ministers from countries around the world released a statement earlier this week calling for accelerated action to substantially reduce venting, leakage, and flaring of natural gas from oil and gas operations worldwide. Ministers from additional CCAC countries are also expected to join the effort.
Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.
Saudi Aramco and Air Products signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. The use of hydrogen derived from oil or gas to power fuel cell electric vehicles represents an exciting opportunity to expand the use of oil in clean transport. —Ahmad O.
GE and Clean Energy Fuels are collaborating to expand the infrastructure for natural gas transportation in the United States. As part of the collaboration, Clean Energy Fuels will initially purchase two MicroLNG plants from GE Oil & Gas. —Dan Heintzelman, president and CEO of GE Oil & Gas. Click to enlarge.
to build a small-scale gas-to-liquid demonstration facility in Houston. The purpose of the GTL Pilot Plant is to commercially demonstrate converting stranded natural gas resources to synthetic crude oil. The GTL Pilot Plant will be assembled at the Houston Clean Energy Park, which is an industrial estate owned by BFLS.
In a major new report on hydrogen, the International Energy Agency says that the time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future. A wide variety of fuels are able to produce hydrogen, including renewables, nuclear, natural gas, coal and oil. —Dr Birol.
In a speech at the National Press Club, US Energy Secretary Steven Chu said that the success of China and other countries in clean energy industries represents a new “Sputnik Moment” for the United States, and will require a similar mobilization of innovation to enable the US to compete in the global race for the jobs of the future.
American Commercial Lines (ACL) will begin transporting crude oil by barge on the US inland waterways for MEG Energy (US) Inc. MEG Energy), a subsidiary of the Canadian oil sands company MEG Energy Corp. The first of the barges, launched on May 2012, was a clean service tanker with a capacity of 30,000 barrels.
Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8
Benzene, an aromatic hydrocarbon, is a natural component of crude oil and is one of the elementary petrochemicals. Efforts to produce single clean aromatic compounds by breaking down lignin efficiently have not been successful to date. Their paper is published in the RSC journal Green Chemistry.
Canada will publish the final Clean Fuel Regulations (CFR) in the Canada Gazette Part II on 6 July 2022. The Clean Fuel Standard will require liquid fossil fuel primary suppliers (i.e., The Clean Fuel Standard establishes a credit market. The Clean Fuel Regulations replace the current federal Renewable Fuels Regulations.
This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US. Specific proposals include: Clean electricity tax credit. Clean fuels tax credit. Senate Finance Committee Chairman Max Baucus (D-Mont.)
The Boeing-COMAC Technology Center’s first research project will explore opportunities to refine waste cooking oil, often described in China as “gutter oil,” into sustainable aviation biofuel. Finding ways to convert discarded “gutter oil” into jet fuel could enhance regional biofuel supplies and improve biofuel’s affordability.
The two companies will work together to realize their vision of clean power for ships and a more sustainable marine shipping industry. SHI is actively participating in all of the relevant activities during the joint development, from early studies to project completion, in order to build highly efficient fuel cell-powered ships.
Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage. According to S&P Global Commodity Insights’ hydrogen outlook, global hydrogen demand grows from 70.4
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three cleanoil sands technologies to commercial demonstration. This announcement is a result of NRCan’s Oil and Gas Clean Tech Program. Cenovus Energy will test an oil sands extraction technology using a solvent-driven process.
Lloyd’s Register has provided approval in principle (AIP) for the new “Clean Sky” bulk carrier design incorporating an LNG-as-fuel system. The Clean Sky design builds in flexibility by enabling owners to choose dual, or tri-fuel engines able to burn, heavy fuel oil (HFO) or diesel, as well as LNG. —Nick Brown.
President Obama has laid out a plan for building a “21st Century Clean Transportation System”, the investment for which would be funded by a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.
A new report from Australia’s national science agency CSIRO shows that clean hydrogen can significantly reduce aviation emissions with potential benefits seen within five years. Hydrogen used for treating crude or bio-crude oil to produce jet fuel with a lower carbon intensity is also considered as an early-stage application.
Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts. Forming of the joint venture and building of the catalysts facility will be the first step of a long-term strategic cooperation between Topsoe and Yanchang.
Yara Clean Ammonia (YCA) and Bunker Holding Group signed an MOU establishing the intention to collaborate to accelerate the development of the market for clean ammonia as a shipping fuel. Clean ammonia is one of the most effective alternatives for decarbonizing maritime transport.
one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,
A grandmother in New Zealand found herself mad at oil companies, and one day she decided that she wanted to be done giving them her hard-earned money, so she worked with a friend to build […]. An article in The Guardian shows us that you don’t need $50,000 to buy an EV, even in this market.
IBM Quantum is an industry-first initiative to build universal quantum systems for business and science applications. IBM announced that bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry.
Building sustainable and clean energy systems will be harder, riskier and more expensive without nuclear, according to the new report, Nuclear power and secure energy transitions: From today’s challenges to tomorrow’s clean energy systems.
British Airways and its partner Solena Fuels announced that the UK GreenSky facility to convert landfill waste into jet fuel ( earlier post ) will be built in Thames Enterprise Park, part of the site of the former Coryton oil refinery in Thurrock, Essex. BioSynGas Cleaning & Conditioning.
The new ARPA-E selections focus on accelerating innovations in clean technology while increasing US competitiveness in rare earth alternatives and breakthroughs in biofuels, thermal storage, grid controls, and solar power electronics. Plants Engineered to Replace Oil (PETRO). produces more oil per acre. Lead organization.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
The plants will be based on BTL’s Fast Pyrolysis Oil (FPO) technology which converts biomass to oil through a rapid pyrolysis process. The fast pyrolysis technology mixes biomass particles and hot sand in a reactor which transforms the material into pyrolysis oil.
For the first time, the two companies intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Development of new clean ammonia assets including marine fuel infrastructure and market opportunities. Demand and supply of clean ammonia need to be developed in tandem.
Ltd has signed a Memorandum of Understanding for the joint development of a solid oxide fuel cell (SOFC) system for marine propulsion and power generation with Navig8, a Singapore-based major shipping company which operates 140 chemical and oil tankers globally. Doosan Fuel Cell Co., Earlier post.).
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.
The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions. The slowdown in spending on key clean energy technologies also risks undermining the much-needed transition to more resilient and sustainable energy systems.
Hydrogen is necessary in the upgrading of oil sands bitumen into synthetic crude, but it is a costly and carbon-intensive part of the process, given current hydrogen production technologies. The SDTC funding builds on a previous SDTC project. The SDTC award was one of 23 new investments for clean technology projects, totaling C$61.8
The US Department of Energy’s (DOE) Office of Fossil Energy will award $9 million over five years to organizations to assist it in building domestic and international consensus on future fossil energy technologies ( DE-FOA-0001111 ). Carbon Capture and Storage and Clean Energy Systems. International Oil and Natural Gas.
The new EU rules will seek to reduce the EU transport sector’s dependence on oil and curb its climate impact. However, they could include incentives and policy measures such as for example building permits, parking-lot permits and fuel-station concessions. The plans should not add any extra costs to member states’ budgets.
The new electric motor is clean, light, and efficient and can be assembled without the use of rare earths by customer request. Building large electric motors that deliver short-term high performance is easy. The traction motor can run indefinitely with high performance due to its new cooling concept.
A new CALSTART brief indicates that California’s climate and energy policies are not only helping to protect the environment and improve air quality, but are also helping to accelerate growth of the clean transportation technology industry (CTTI) in the state. Require Top Performance with Strong Yet Feasible Air Quality and Climate Standards.
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