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Rhodium Group estimates US GHG emissions rose 1.3% in 2022

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Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Little change in transportation and industry. Consequently, the US economy grew 1.9% GDP increase in 2021.

Emissions 273
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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oil price of $60 per barrel adjusted for inflation and based on 2017 margins. —Darren Woods.

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Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

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The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. Alternatively, syngas can be added to sugar fermentation to provide the necessary reducing power and carbon. …

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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To force IOCs, such as Shell or BP, to comply with policies that would halve their “net carbon footprint” by 2050 could result in a death-wish for these companies in the long-run. The latter is partly caused by “global warming constraints” and lower oil prices in general.

Oil 231
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2019 NTEA Fleet Purchasing Outlook reveals continued strong demand for biodiesel in diesel trucks

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New research released by NTEA – The Association for the Work Truck Industry confirms that fleets across the country are increasingly relying on biodiesel for their existing and new diesel vehicles. It is highly likely that clean energy solutions will remain relevant due to oil price instability.

Purchase 207
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CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

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DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. The process has very high conversion efficiency >97% (LCA); he fuel choice determines the carbon footprint. —CSIRO Energy Group Executive, Dr.

Coal 257
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EIA projects increases in global energy consumption and emissions through 2050

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If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of population and economic growth. Liquid fuels remain the largest source of energy consumption, driven largely by the industrial and transportation sectors.

Global 259