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GlobalClean 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.
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. Many economies are now seeing emissions climbing above pre-crisis levels.
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.
Globaloil 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 globaloil demand at 99.9
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. Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030. The company can build on a strong position.
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 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.
Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. Earlier post.).
Petrochemicals are rapidly becoming the largest driver of globaloil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA.
billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. The Port Arthur facility has captured approximately one million tons of CO 2 annually since 2013, with the CO 2 transported via pipeline and utilized for enhanced oil recovery operations.
ExxonMobil has signed an agreement with GlobalClean Energy Holdings to purchase 2.5 As background, globally, in 2019, ExxonMobil sold some 1.9 million barrels per day of heating oils, kerosene and diesel oils. The US share of that was 449,000 barrels per day. The US share of that was 449,000 barrels per day.
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. —Tim Scharwath, CEO DHL Global Forwarding, Freight.
ExxonMobil and GlobalClean 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 GlobalClean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions.
Nepal, a small Himalayan nation of 30 million better known globally for its mountains, including Mt Everest, and trekking tourism, is quietly setting an impressive benchmark in the electric vehicle transition. In recent months, about 70% of all new passenger vehicles sold in Nepal were electric.
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 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. of global emissions. In 2021, some 73% of captured CO 2 went to enhanced oil recovery operations.
PetroChina is the world’s third-largest oil company and plays a leading role in energy distribution throughout China. The deal provides critical charging infrastructure required to support the mass adoption of eco-friendly vehicles and could be the benchmark for future fossil fuel station conversions globally. Ideanomics Inc.
The AP300 SMR is an ultra-compact, modular-constructed unit that leverages the innovation and operational knowledge of the global AP1000 fleet. The AP300 SMR can function as the backbone of a community clean energy system. Its fast load-follow capabilities make it ideally suited for integration with renewable resources.
In a speech at the National Press Club, US Energy Secretary Steven Chu said that the success of China and other countries in clean energy industries represents a new “Sputnik Moment” for the United States, and will require a similar mobilization of innovation to enable the US to compete in the global race for the jobs of the future.
2014 Cruze Clean Turbo Diesel engine. Assembled in Lordstown, Ohio, the 2014 Cruze Clean Turbo Diesel has demonstrated an estimated 42 mpg (5.6 This Cruze Clean Turbo Diesel represents a new era in diesel performance for American cars. 2014 Cruze Clean Turbo Diesel. Click to enlarge. turbo-diesel version of the Cruze.
France’s Constitutional Council, the highest constitutional authority in the country, ruled in favor of excluding palm oil from the list of biofuels that enjoy tax incentives. Oil company Total has estimated it is worth between €70 million and €80 million per year. The EU is the second largest importer of crude palm oil in the world.
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. According to recent studies, the global green hydrogen market size was valued at US$0.3 billion in 2020. billion by 2028.
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8
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.
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.
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.
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. Canada-based Carbon Engineering Ltd. (CE) since 2015.
Among its findings are that asnnual government funding for hydrogen has reached $16 billion per year globally, up 40% from July 2021. 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. Almost two-thirds of these sales will happen in China.
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. —IEA Executive Director Fatih Birol.
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.
The Oleo Sponge, a patent-pending technology to cleanoil spills invented at the US Department of Energy’s (DOE) Argonne National Laboratory, performed successfully in an experiment conducted off the coast of Southern California. After the oil is wrung out, Oleo Sponge can be used again.
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.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, for the use of advanced biofuels. Advanced biofuels are based on raw biological materials, such as used cooking oil and other waste products.
Canada will publish the final Clean Fuel Regulations (CFR) in the Canada Gazette Part II on 6 July 2022. The Clean Fuel Standard will require liquid fossil fuel primary suppliers (i.e., The Clean Fuel Standard establishes a credit market. The Clean Fuel Regulations replace the current federal Renewable Fuels Regulations.
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. This commitment will cover multiple global geographies and focus on serving First Mover initiatives spanning different regions.
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. thousand terawatt-hours in 2018, up from 6.4
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.
After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.
In addition, the company, together with its partners, has looked to utilize Hydrotreated Vegetable Oil (HVO) and intermodal train solutions that reduce the CO 2 emissions of road transport by up to 85% and 90%, respectively. The company grew from 600 trucks in 2010 to 9,000 trucks in Europe, Scandinavia and CIS countries.
Major investments will be needed worldwide in the developing and scaling up of clean energy technologies; sustainable farming and forestry techniques; climate-proofing of infrastructure; and in technologies reducing non-biological degradable waste production, according to the report. portfolio globally while adapting more mature.
In a fairly bleak assessment of global progress towards low-carbon energy, the International Energy Agency (IEA) concluded that, despite a few bright spots such as the rapid expansion of renewable technologies and the growth of hybrid and EV sales, the progress is far below that required to achieve a 2 °C pathway—i.e., Source: IEA.
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.
Greenhouse gas emissions from the global maritime sector are increasing. For the first time, the two companies intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Development of new clean ammonia assets including marine fuel infrastructure and market opportunities.
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