This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.
While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.
Overview of the Bluegas catalytic coal methanation process. billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. Click to enlarge. pure methane).
an emerging natural gas production company which uses proprietary technology to convert both underground and mined low-rank coal to pipeline-quality methane biochemically at large scale and low cost, has raised equity in its second round of financing, led by new investor Khosla Ventures. Ciris Energy, Inc.,
New Zealand-based Lanzatech, the developer of gas fermentation technology for producing ethanol and high value chemicals (e.g.: LanzaTech says that its microbe is able to use gas feeds containing mainly carbon monoxide and little to no hydrogen. Tags: China Coal Ethanol Fuels Gasification. Earlier post.) Earlier post.).
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. The Medicine Bow project will use Carbon Basin coal optioned from DKRW partner (and coal mine operator) Arch Coal to produce refined hydrocarbon liquid products. We have received front end.
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. An engineering, procurement and construction contractor has not yet been selected.
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.
has been chosen to provide the coal gasification technology for the Taylorville Energy Center (TEC), a 730-megawatt (gross) advanced coal generating plant being developed near Taylorville, Ill. TEC will be one of the first commercial-scale, coal gasification plants with carbon capture and storage (CCS) capability in the US. .
The Carbon Cycle Technology Alliance was formed in 2009 to address the simultaneous challenges of increasing the supply of secure fuels while reducing greenhouse gas emissions. The Alliance expects to complete the study in three to four months.
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. It’s been said that the United States is the Saudi Arabia of coal—and that’s because, as I said, it’s one of our most abundant energy resources.
Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.
Mitsubishi Hitachi Power Systems (MHPS) has introduced the M501JAC, an enhanced air-cooled J-Series gas turbine offering an unmatched combination of record output, efficiency and a proven 99.5% Replacing older coal-fired power plants with the enhanced JAC can reduce CO 2 emissions nearly 70%. reliability. reliability.
LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. impacts on existing generating plants from pending or anticipated environmental rules on emissions, use of water resources, and coal ash handling and disposal.
The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. formed naturally in underground reservoirs in New Mexico and Colorado and brought to the surface by wells such as those used to produce natural gas. The TCEP integrates coal gasification, combined-cycle power generation, CO 2 capture, and.
GSI, in collaboration with the National Institute for Public Finance and Policy (NIPFP) and The Energy Resource Institute. million barrels per day, natural gas demand would be cut by 330 billion cubic meters, and coal demand would drop by 230 million tons of coal. Oil demand would be reduced by 3.7 in 2020 and 5.8%
SES licenses its proprietary U-GAS fluidized bed gasification technology from the Gas Technology Institute. ZJX will assist SES in the development of new joint venture businesses to deliver energy based on lower cost/lower grade coals such as lignite. Gasification company Synthesis Energy Systems, Inc. ownership stake in SES.
This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. Global investment in oil and gas is expected to fall by almost one-third in 2020. —Dr Birol.
The US Department of Energy (DOE) released a draft for comment of an $8-billion loan guarantee solicitation for innovative and advanced fossil energy projects and facilities that substantially reduce greenhouse gas and other air pollution. The program is part of President Obama’s climate action plan. Earlier post.).
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.
President Obama’s plan, which sidesteps the need for Congressional involvement by relying on a wide variety of executive actions, has three main components: Reducing greenhouse gas emissions in the US. Reducing greenhouse gas emissions in the US. of greenhouse gas emissions to 3% by 2020. Other efforts will include: Natural Gas.
Gas chromatograph traces of conventional 87 octane gasoline (top) and CoolPlanetBioFuels drop-in gasoline produced from corn cobs. This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet’s financing round last year. Source: CoolPlanetBioFuels. Click to enlarge.
This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. In the US, coal and gas are still cheaper, at $65 per MWh, against onshore wind at $80 and PV at $107.
Stanford University has launched a new research initiative to study comprehensively the development and use of natural gas. The new program will expand Stanford’s research on energy and the environment by focusing additional resources on the growing importance of natural gas. —Mark Zoback.
million gas-fueled motorcycles and tricycles are currently operating in the Philippines, typically serving as short-distance taxis, with the average tricycle driver earning less than $10 a day. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km (1,367 miles) of the network.
Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8
SGH2’s gasification process uses a plasma-enhanced thermal catalytic conversion process optimized with oxygen-enriched gas. The end result is high purity hydrogen and a small amount of biogenic carbon dioxide, which is not additive to greenhouse gas emissions. But, until now, it has been too expensive to adopt at scale.
New Zealand-based LanzaTech has successfully produced 2,3-Butanediol (2,3-BD), a key building block used to make polymers, plastics and hydrocarbon fuels, using the company’s gas fermentation technology. LanzaTech has shown 2,3-BD production from waste gas resources in an industrial setting. Jennifer Holmgren. Earlier post.).
The American Power Act, released as a discussion draft, targets reducing greenhouse gas (GHG) emissions by at least 4.75% compared to 2005 levels by 2013; by at least 17% compared to 2005 levels by 2020; by at least 42% compared to 2005 levels by 2030; and by at least 83% compared to 2005 levels by 2050. Natural Gas.
Even when we reach the limit of our carbon budget, when burning any more oil, coal or gas will push global temperatures beyond 2 degrees celsius, the E&B business model is to harvest more oil so that it can be burned as fuel. There are no bigger cowards then the people who work for the oil, coal and gas industries.
Authorized by Title XVII of the Energy Policy Act of 2005, loan guarantees under this new solicitation will help provide critical financing to support new or significantly improved advanced fossil energy projects. Efficiency Improvements.
billion in tax subsidies for oil, coal and gas industries. Select EERE Programs and Financing (US$ millions). Provides $668 million to Fossil Energy R&D for the ”Clean Coal Power Initiative.“ increase over FY 2010 estimates. This step is estimated to generate more than $38.8 123 million for wind energy.
According to the Rainforest Action Network, Dimon either dismissed those questions, punted, or demonstrated an apparent misunderstanding of his bank’s policies. more… The post Environmental groups: JPMorgan Chase emissions targets are ‘fig leaf for fossil expansion’ appeared first on Electrek.
As an acceptable condition for US government support for public financing of new coal plants overseas. The most common method of geologic carbon storage involves pressurizing CO 2 gas into a liquid, and then injecting it into subsurface rock layers for long-term storage.
In addition, despite the rigorous development of renewables, carbon dioxide emissions are increasing, because the energy mix increasingly includes coal-fired power plants that emit large quantities of CO 2 to compensate for weather-related fluctuations in power generation from renewables and the closing of nuclear plants.
The Department is posting Notices of Intent to issue this funding, supporting the following initiatives: Clean Coal Power Initiative. million) : Funding will permit the existing algae-based carbon mitigation project to expand testing with a coal-based gasification system. Arizona Public Services Modification ($70.6
The thermochemical process does not require enzymes or microorganisms; instead, the biomass is gasified under certain heat and pressure conditions producing synthesis gas, a carbon monoxide and hydrogen-rich gas that can be converted into high quality synthetic fuels, intermediate chemicals or electricity. Ceres ARPA-E Award.
Coal is the worst fossil fuel, that much is clear. Its carbon footprint per kilowatt-hour of electricity when it's burned by electric utilities to make electricity is far, far higher than that of natural gas.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content