Remove Conversion Remove International Remove Oil Prices Remove Supplies
article thumbnail

EIA projects world energy use to increase 53% by 2035; oil sands/bitumen and biofuels account for 70% of the increase in unconventional liquid fuels

Green Car Congress

Unconventional liquids become increasingly important in the total supply of liquid fuels, according to IEO2011. World oil prices remain high in the IEO2011 Reference case, but oil consumption continues to grow; both conventional and unconventional liquid supplies are used to meet rising demand. Click to enlarge.

Oil-Sands 220
article thumbnail

EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016

Green Car Congress

Beginning with its February Short-Term Energy Outlook (STEO), EIA incorporated revisions to historical international liquids consumption data into the STEO’s international liquid fuels market balances. Most of China’s methanol supply is from domestic production. Click to enlarge. Background.

2000 150
article thumbnail

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

Green Car Congress

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. Earlier post.) —Kurt Barrow.

Mariner 150
article thumbnail

IHS Markit: shippers, refiners scrambling to respond to IMO signals on low-sulfur fuel enforcement

Green Car Congress

Refineries, like ships, do not turn on a dime, so it takes significant investment and market demand to retool a refinery to deliver new supply. IHS Markit expects an unprecedented light-heavy crude oil price spread during 2020 to 2021, significantly affecting refinery feedstock costs. —Kurt Barrow.

Fuel 170
article thumbnail

Accenture Reports Identifies 12 Disruptive Technologies Most Likely to Transform Supply and Demand of Transport Fuels and Cut Emissions Within Next 10 Years

Green Car Congress

Accenture has identified 12 technologies that it concludes have the potential to disrupt the current views of transport fuels supply, demand and GHG emissions over the next 10 years. Will be competitive at an oil price of $45 to $90 at their commercial date. These include: Next-generation internal combustion engine.

article thumbnail

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. by Brian J.

article thumbnail

Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

Green Car Congress

Kreutz presented the paper at the 10 th International Conference on Greenhouse Gas Control Technologies ( GHGT-10 ) earlier this fall in The Netherlands. short, large supplies of CO 2. CCTF will only employ direct CO 2 capture from air when the CO 2 emission price exceeds the cost of air capture.