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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

Green Car Congress

April saw the US produce a record 10,543,000 barrels per day (MBD) of oil, according to data from the American Petroleum Institute. Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25 per barrel, which reinforces global economic and oil demand strength.

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REG files 5 renewable diesel pathway applications for California LCFS

Green Car Congress

REG has submitted five pathways for the production of renewable diesel (RD) from a variety of feedstocks—rendered used cooking oil; non-rendered used cooking oil; corn oil; tallow; and soy oil—to the California Air Resources Board (ARB) for consideration as Low Carbon Fuel Standard (LCFS) pathways.

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Chevron Sanctions Development of Deepwater Jack/St. Malo Project in the Gulf of Mexico; Initial Development Cost of ~$7.5B

Green Car Congress

Malo fields are located within 25 miles (40 km) of each other approximately 280 miles (450 km) south of New Orleans, Louisiana, in water depths of 7,000 feet (2,100 m). By comparison, the water depth of BP’s MC252 well (of the Deepwater Horizon disaster) was approximately 5,023 feet (1,522 meters). The Jack and St.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

Green Car Congress

Gas chromatography comparison of Conoco fuel and a Conoco-CoolPlanet blend. USDA has reached an agreement with Silicon Valley Bank to provide a $91-million Biorefinery Assistance Program loan guarantee to Cool Planet to help the company finish construction on an advanced biofuel plant at the Port of Alexandria in Louisiana.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.