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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

Green Car Congress

The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

Global 344
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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

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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.

China 243
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1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

Photo: Tesla Without EVs, solar, wind, and nuclear, the global rise in emissions in the last five years would have been three times larger, new International Energy Agency (IEA) analysis shows. Their emissions dropped to a 50-year low while coal demand fell back to levels not seen since the early 1900s.

Global 52
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IEA: global energy efficiency progress drops to slowest rate since start of decade

Green Car Congress

Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% Global primary energy demand rose by 2.3% This was slower than the 1.7%

Global 150
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US Fuels acquires coal-to-diesel IP for scalable plants near mine sites

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Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck.

Coal 225
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Honeywell’s UOP wins third license for methanol-to-olefins technology to convert coal into high-value petrochemicals

Green Car Congress

UOP LLC, a Honeywell company, has landed its third technology license for its methanol-to-olefins (MTO) technology, which converts methanol from coal into key plastics building blocks. China is the world’s largest producer of coal, accounting for nearly half of global production, according to the US Energy Information Administration.

Coal 230
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DKRW Advanced Fuels secures EPC contract with Sinopec Engineering for Medicine Bow coal-to-liquids project in Wyoming

Green Car Congress

Using bituminous coal from southern Wyoming, the Medicine Bow facility will produce 11,600 barrels per day of very low sulfur gasoline using GE gasification technology and methanol?to?gasoline enhanced oil recovery in the United States, has agreed to purchase all of the carbon dioxide captured by the plant. gasoline (MTG) technologies.

Wyoming 236