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DOE to award $9M to promote consensus on future fossil energy technologies

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The Funding Opportunity Announcement (FOA) anticipates two awards being made: the first for $7 million in the area of Carbon Capture and Storage (CCS) and fossil-fuel-based Clean Energy Systems (CES); the second for $2 million in the area of international oil and natural gas. International Oil and Natural Gas.

Energy 236
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KPMG survey finds majority of energy execs see oil over $121/barrel this year; shale expected to have transformative impact, investment in alternatives increasing

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Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel. —John Kunasek.

Oil 225
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

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A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

Chicago 150
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GE Energy Financial Services joins $8M investment round in biomass-to-gasoline startup

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In support of the biomass fractionator, the company is also developing a range of one-step catalytic conversion processes which mate with the fractionator’s output gas streams to produce products such as eBTX (high octane gasoline), synthetic diesel and proprietary ultra-high crop yield “super” fuels. —Basil R.

Gasoline 247
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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

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As it announced during its investor conference earlier this week, Celanese Corporation, a global technology and specialty materials company, has increased its 2013 earnings growth objectives to adjusted earnings per share of at least $6.00, or operating EBITDA of at least $1.7 Source: Celanese. Click to enlarge. Earlier post.).

Future 210
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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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CRI is presenting at the 4 th Conference on CO 2 as Feedstock for Fuels, Chemistry and Polymers , being held at the end of September in Essen, Germany. Methanol can be produced from a range of renewable sources and fossil-fuel based feed-stocks; in practice methanol is mainly produced in coal-rich China from coal.

Renewable 150
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UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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The past decade was the first in two centuries with increasing CO2 emissions intensities, owing to a “coal revival”, in contrast with the rapid conversion to natural gas in the 1990s. These trends, which are diametrically opposed to declared greenhouse gas mitigation goals and targets, are by no means limited to emerging economies.

Global 338