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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.
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. But our numbers show we are returning to carbon-intensive business-as-usual.
Canada-based Carbon Engineering Ltd. (CE) CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. since 2015.
Global Clean Energy Holdings, Inc., Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, California. Alon Bakersfield Refinery is an existing oil refinery located in Bakersfield, California. Historically, the refinery has produced diesel from crude oil and has a capacity of 70,000 barrels per day.
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 gradual decline foresees a decrease in crude oil production by around 30% and natural gas production by around 15% by 2030. Financials.
billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Blue” products are produced utilizing hydrocarbons as a feedstock, with the carbon dioxide (CO 2 ) in the production process captured for permanent sequestration.
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.
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. In 2021, some 73% of captured CO 2 went to enhanced oil recovery operations. of global emissions.
The International Maritime Organization (IMO) Sub-Committee on Pollution Prevention and Response (PPR) has agreed to move forward with a prohibition on the carriage of high-sulfur fuel oil for use on board ships, when that fuel oil is not compliant with a new low-sulfur limit which comes into force from 2020. Black carbon.
The specialized tread compound that provides enhanced all-season traction will include Monolith carbon black produced by methane pyrolysis. This tire, which will be manufactured with this specific carbon black, is the first tire for sale in the industry to have this type of carbon black produced by Monolith.
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
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, says it will be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021. This is why we have taken the decision to neutralize the carbon emission of all our LCL shipments.
Fulcrum BioEnergy, a clean energy company pioneering the creation of renewable, drop-in transportation fuels from landfill waste, successfully produced a low-carbon synthetic crude oil using landfill waste as a feedstock at its Sierra BioFuels Plant, the world’s first commercial-scale landfill waste-to-fuels plant.
A Northwestern Engineering-led team has developed a highly porous smart sponge that selectively soaks up oil in water. With an ability to absorb more than 30 times its weight in oil, the sponge could be used to clean up oil spills inexpensively and efficiently without harming marine life.
Electrofuels innovator Infinium ( earlier post ) has entered into a strategic alliance with US independent energy company Denbury to collaborate on developing ultra-low carbon electrofuels projects in the state of Texas. MMBOE of estimated proved oil and natural gas reserves as of 31 December 2020, of which 98% is oil.
Syzygy is advancing a new photocatalytic chemical reactor that could significantly reduce the cost and carbon emissions in the production process for a wide range of major chemicals such as fuel, fertilizer, and plastic. Other participants include angel investors from the Creative Destruction Lab program and the Houston area.
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
Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden. Cemvita Factory’s mission is to reimagine heavy industries such as oil & gas and mining for the net-zero economy.
a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, is purchasing a 39% stake in Oberon Fuels, a San Diego, CA-based development-stage producer of low-carbon, renewable dimethyl ether (rDME) transportation fuel. Suburban Propane Partners, L.P.,
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 Saudi Arabian Oil Company (Aramco) signed five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin , a pioneer in clean and intelligent transport solutions.
Monolith , a leader in cleancarbon 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.
We expect low-carbon fuel policies to continue to expand globally and drive demand for renewable fuels, and to that end, we are applying our liquid fuels expertise to continue to expand our long-term competitive advantage in low-carbon transportation fuels with the expansion of DGD. billion pounds of used cooking oil annually.
Canada will publish the final Clean Fuel Regulations (CFR) in the Canada Gazette Part II on 6 July 2022. The CFR set increasingly stringent requirements on producers and importers to reduce the carbon intensity of gasoline and diesel. The Clean Fuel Standard will require liquid fossil fuel primary suppliers (i.e., gCO 2 e/MJ.
A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Click to enlarge.
Advanced biofuels are based on raw biological materials, such as used cooking oil and other waste products. This material is used to manufacture a fatty acid methyl ester (FAME) (biodiesel), which is then mixed with varying proportions of low sulfur fuel oil. —Danny Smolders, Managing Director Global Sales at Hapag-Lloyd.
The US Environmental Protection Agency (EPA) is proposing comprehensive new regulations to reduce methane emissions from the oil and natural gas industry—including, for the first time, reductions from existing sources nationwide. Methane is a potent greenhouse gas that traps about 30 times as much heat as carbon dioxide over 100 years.
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.
Honeywell UOP has introduced its Liquid Organic Hydrogen Carrier (LOHC), a solution that enables the long-distance transportation of clean hydrogen. Existing idle oil refining assets can be revamped to release the hydrogen from the liquid carrier for use in multiple commercial and industrial applications.
ethanol—and 23% bionaphtha, which is obtained from residual materials such as tall oil, which is a by-product of pulp production. HVO (hydrotreated vegetable oil)—and 7% biodiesel. The high-quality additives also ensure these renewable fuels are very clean and prevent engine corrosion.
Abu Dhabi National Oil Company’s (ADNOC’s) first shipment of low-carbon ammonia recently left the United Arab Emirates (UAE) bound for Hamburg, Germany. This is the first cargo of low-carbon ammonia to be shipped to Germany. The cargo follows a number of similar low-carbon ammonia sales that have been made to customers in Asia.
This puts it two-thirds of the way to where it needs to be in order for clean hydrogen to play a strong decarbonizing role in the economy. Clean hydrogen demand is about to shoot up due to 10 industrial projects slated to come online in 2022. Electrolyzer sales have more than doubled to 458MW in 2021 and are set to grow 4-5x this year.
The two companies will work together to realize their vision of clean power for ships and a more sustainable marine shipping industry. Solid-oxide fuel-cell manufacturer Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, have signed a joint development agreement (JDA) to design and to develop fuel cell-powered ships.
In the CHJ process (also called hydrothermal liquefaction), clean free fatty acid (FFA) oil from the processing of waste oils or energy oils is combined with preheated feed water and then passed to the CH reactor. Evaluation of ARA Catalytic Hydrothermolysis (CH) Fuel.
ExxonMobil and Global Clean Energy have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel to up to 5 million barrels per year. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions. Earlier post.).
bp will work with IBM to explore using quantum computing to solve business and engineering challenges and explore the potential applications for driving efficiencies and reducing carbon emissions. ExxonMobil and Daimler are also IBM Quantum Network Industry Partners. In 2020, bp announced its net zero ambition and its new strategy.
DG Fuels (DGF) aims to develop several facilities in North America and Europe, designed to produce low-carbon sustainable aviation fuel by combining carbon from waste feedstock with green hydrogen from renewable sources. Depending on feedstock carbon content, DGF produces up to 3.6 barrel per ton of feedstock.
T&Es Giorgia Ranzato explains how financial instruments can be used to clean up one of Europes dirtiest industries The transport sector is Europes largest contributor to GHG emissions and the major player in driving climate change. continued] The post Truckmakers Are More Carbon Intensive than Oil Companies.
Westinghouse Electric Company and Bloom Energy Corporation have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. The companies are teaming to identify and implement clean hydrogen projects across the nuclear industry.
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.
Daimler Truck AG and TotalEnergies signed an agreement on their joint commitment to the de-carbonization of the road freight in the European Union. TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity.
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.
To reverse this trend the ships in use, the fuels that power them and the related infrastructure all need to change as the industry transitions to low- or zero-carbon maritime fuels. For the first time, the two companies intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain.
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