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bp released the 70 th annual edition of the bp Statistical Review of World Energy ; the data collected in this year’s edition includes energy data for 2020. The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. million b/d) and non-OPEC (-2.3
ExxonMobil and FuelCell Energy, Inc. signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities.
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.
Scientists at the Department of Energy’s Oak Ridge National Laboratory have developed a coating composed of carbon nanotubes that imparts superlubricity to sliding parts. With an oil lubricant, the coefficient of friction falls to about 0.1. The carbon nanotubes are destroyed in the rubbing but become a new thing.
New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.
Liquid intermediates from pyrolysis and hydrothermal liquefaction (HTL) can be co-processed in an oil refinery along with conventional crude oil. After pyrolysis, the vapors are condensed to give a dark brown fast pyrolysis bio-oil (FPBO). In fast pyrolysis, biomass is quickly heated to around 500 °C in the absence of oxygen.
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. —Dr Fatih Birol, the IEA Executive Director.
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. since 2015.
Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. Under the terms of the agreement, Energy Vault agreed to provide 1.6
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. Exploration & Production.
Researchers at the Swiss Federal Institute of Technology (ETH) Zurich, Switzerland, have developed a carbon-supported platinum nanoparticle catalyst that can achieve complete hydrocracking of polypropylene into liquid hydrocarbons (C 5 –C 45 ). With tuning, the catalyst can achieve a selectivity of 80% toward motor oil (C 21 –C 45 ).
Waste tires have been used mainly for recovering energy sources; only small proportions of the carbon black contained in these tires are recycled, since mineral ash accounts for around 20% of its content. Around three kilograms of carbon black—also known as industrial soot—are found in a standard car tire.
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.
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. The two companies will work together to realize their vision of clean power for ships and a more sustainable marine shipping industry.
Strategic Biofuels announced that its Carbon Capture and Sequestration (CCS) Test Well Program was successfully completed at the company’s Louisiana Green Fuels Project (LGF) in Caldwell Parish, Louisiana. Deep carbon negativity greatly increases the potential carbon credit revenues from our fuel and vastly improves the project’s returns.
Previous attempts to produce aviation fuels through the use of solar energy have mostly been performed in the laboratory. It relies heavily on kerosene (jet fuel)—a liquid hydrocarbon fuel typically derived from crude oil. (A) —Aldo Steinfeld.
DNV’s Transport in Transition report draws on DNV’s system dynamics-based Energy Transition Outlook model and explores the changes in fuels, electricity and infrastructure needed to transport ever-larger numbers of people and volumes of freight while at the same time decarbonizing the sector.
However, the emissions of electric vehicles depend greatly on the energy source used to generate the electricity that powers them. The calculated relative amounts of well-to-wheels emissions of greenhouse gases from eight different energy sources are shown in the table below. Natural gas 87.9 Geothermal 16.5 Natural gas 87.9
IBM announced that bp has joined the IBM Quantum Network to advance the use of quantum computing in the energy industry. 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.
Shell Aviation has introduced a new lifecycle sustainability approach for its AeroShell aviation lubricants to avoid, reduce and then compensate for lifecycle carbon emissions, improving aircraft performance while helping customers meet their net-zero greenhouse gas (GHG) or carbon emissions ambitions.
Scientists from ExxonMobil, the Georgia Institute of Technology and Imperial College of London have published in the journal Science joint research on potential breakthroughs in a new membrane technology that could reduce emissions and energy intensity associated with refining crude oil. —Thompson et al. Imperial College London.
European Energy , a Danish developer and operator of green energy projects, has ordered a 50 MW electrolyzer from Siemens Energy for use in developing the first large-scale commercial e-Methanol production facility. —Knud Erik Andersen, CEO of European Energy.
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
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.
A team from the University of Calgary and Rice University has used flash joule heating (FJH) ( earlier post ) to convert low-value asphaltenes—a by-product of crude oil refining—into a high-value carbon allotrope, asphaltene-derived flash graphene (AFG). Flash graphene from asphaltenes. (A) —Saadi et al.
Independent research and business intelligence company Rystad Energy estimates that there are about 91 planned hydrogen pipeline projects in the world, totaling 30,300 kilometers and due to come online by around 2035. Hydrogen has a high gravimetric energy density and a low volumetric energy density.
To tackle these issues, a team led by Pacific Northwest National Laboratory (PNNL) researchers Ji-Guang (Jason) Zhang and Xiaolin Li has developed a nanostructure that limits silicon’s expansion while fortifying it with carbon. The composite electrodes of carbon-nanotube@silicon@carbon-graphite with a practical loading (3?mAh?cm
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA.
Solid-oxide-fuel-cell manufacturer Bloom Energy is entering the commercial hydrogen market by introducing hydrogen-powered fuel cells and electrolyzers that produce renewable hydrogen. The Bloom Energy Servers are a proven market leader in clean, reliable, and resilient on-site power. million hydrogen cars by 2040.
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.
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. Infinium investors include Amazon, NextEra Energy, Mitsubishi Heavy Industries and AP Ventures.
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” In addition, if the right actions are taken now a competitive hydrogen industry can meet 14 percent of US energy demand by 2050. Toyota; and Xcel Energy. .;
Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.
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.
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.
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. Green hydrogen production, however, is energy intensive and expensive. kg in late July 2022. Source: Cemvita.
The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.
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.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. The Santa Maria facility in San Luis Obispo County that currently provides crude oil feedstocks to the Rodeo facility will be idled and decommissioned. Earlier post.).
BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. —Greg Smithies, Partner, BMW i Ventures. to C 2 fuel products such as ethanol.
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. —Dr Fatih Birol, the IEA’s Executive Director.
Mexican President Andres Manuel Lopez Obrador (AMLO) has nationalized lithium, handing responsibility for lithium reserves over to the energy ministry. Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. What we are doing now.
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