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IHS Markit: 2020 low-sulfur requirements for marine bunker fuels causing scramble for refiners and shippers

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On 27 October 2016, the International Maritime Organization (IMO) announced that beginning on 1 January 2020, the maximum sulfur content allowed in marine bunker fuel will be reduced from 3.50% mass by mass (m/m) to 0.50% m/m (35,000 ppm to 5,000 ppm)—five years earlier than many expected. The two industries are vastly unprepared.

Mariner 150
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Tesoro and Savage form JV for crude-by-rail unloading and marine loading facility at Port of Vancouver USA

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Tesoro Corporation subsidiary Tesoro Refining & Marketing Company LLC and Savage Companies have formed a joint venture to develop and to operate a new 120,000 barrel-per-day (bpd) crude-by-rail unloading and marine loading facility at the Port of Vancouver, Wash., subject to approval by regulatory agencies and Port Commissioners.

Mariner 210
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Carbon emissions in port of Rotterdam drop more swiftly than national average

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The port’s total emissions volume combines those released by industrial production (refineries, chemical companies) and electricity generation (gas- and coal-fired power plants). The carbon emissions of Rotterdam’s industrial sector fell by 1.1 of the Netherlands’ total carbon emissions: a share that several years ago was 16%.

Carbon 259
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thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

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In the course of their transformation paths towards climate-neutral steel making, thyssenkrupp Steel and HKM will require large and increasing quantities of hydrogen to produce steel without coal. Green hydrogen is a sustainable alternative to coal, oil and natural gas.

Hydrogen 305
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Energy consumption by marine vessels increases from 0.9 Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 Some other key findings of the AEO2014 Reference case include: Low natural gas prices boost natural gas-intensive industries. quadrillion Btu in 2012 to 1.0

Oil 290
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ExxonMobil to invest >$1B in Antwerp refinery to convert heavy, higher sulfur residual oil into diesel, other products

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plans to invest more than $1 billion to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel. The investment addresses an industry shortfall in capability to convert fuel oil to products such as diesel.

Convert 225
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BG Group sanctions US$15B coal seam gas to LNG project; first such

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BG Group has approved implementation of the first phase of a US$15-billion project to convert coal seam gas (CSG) to LNG—the first major commercial project to do so. Total gross discovered coal seam gas reserves and resources presently amount to an estimated 17.3 Those contractors include: Bechtel Oil and Gas, Inc.,

Coal 210