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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 Other key findings from the May 2022 STEO forecast include: Solar and wind power will provide 11.1% in summer 2021.

Oil 344
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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Fortum has developed the Joddböle area since the dismantling of its Inkoo coal-fired power plant there in 2017-2020. The production is planned to start by end of 2026.

Finland 437
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Udokan Copper to cut carbon intensity of copper production up to 75% by 2035

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Russia-based Udokan Copper , the developer of Russia’s largest new copper deposit, outlined scenarios to cut the carbon intensity of copper production up to 75% by 2035, bringing the company closer to its ultimate goal of climate neutrality in the long run. It is part of the diversified USM holding company.

Carbon 273
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SAF company DG Fuels closes investments with two Japanese companies

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and an undisclosed investor, DGF has now exceeded its minimum investment target as part of its final round of parent-level development capital needed to fund the remaining expected expenses required to reach FID, including the ongoing FEL 3 and related expenses. With the investments in DGF made by aviner & co., Chishima Real Estate Co.,

Companies 370
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5

Wind 220
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NETL framework for assessing economic viability of recovering REEs from unconventional sources

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Unconventional REE sources such as domestic coal and coal waste could yield the materials needed for the strong magnets necessary to turn wind into electricity and operate electric vehicles. We then used market prices to develop well-defined methods for determining diverse product values. Tarka, T.J. Mauter, M.S.

Coal 150
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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 88