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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. 2 Total SA.

Oil 418
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Monolith to collaborate with Goodyear on carbon black for its tire production; methane pyrolysis

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Monolith , a leader in clean carbon black production, signed a collaboration agreement and letter of intent (LOI) with The Goodyear Tire & Rubber Company, one of the world's largest tire companies. Monolith’s carbon black enables manufacturers such as Goodyear to meet sustainability goals and demand for clean materials.

Carbon 221
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Gold Hydrogen Program coalition launches program for subsurface biomanufacturing of hydrogen

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The Gold Hydrogen Program , a coalition of organizations seeking to support the scale of this clean energy resource, announced its launch and the debut of a pilot microbial Gold Hydrogen Process. a leader in clean energy solutions). Gold hydrogen has been cost-prohibitive to extract and not commercially viable up to now.

Hydrogen 458
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SAF company DG Fuels closes investments with two Japanese companies

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These facilities typically use approximately one ton of coal to produce one BBL of hydrocarbons, with a life cycle CO 2 emissions calculation that is slightly worse than equivalent fuels derived from conventional oil refining. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

Companies 370
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New catalyst opens door to CO2 capture in coal-to-liquids process

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World energy consumption projections expect coal to stay one of the world’s main energy sources in the coming decades, and a growing share of it will be used in CT—the conversion of coal to liquid fuels (CTL). By 2020, CTL is expected to account for 15% of the coal use in China. —Wang et al.

Coal 249
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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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The composite blocks can be made from low-cost and locally sourced materials, including the excavated soil at the construction site, but can also utilize waste materials such as mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades. barrel per ton of feedstock.