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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

Congress 259
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Wärtsilä completes conversion of tanker Bit Viking from heavy fuel oil to to LNG

Green Car Congress

Wärtsilä Corporation has completed the conversion of the 25,000 dwt product tanker Bit Viking from heavy fuel oil to liquefied natural gas (LNG) operation. The conversion enables the Bit Viking to qualify for lower nitrogen oxides (NO x ) emission taxes under the Norwegian NO x fund scheme. Click to enlarge.

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Perspective: Drive Star Conversion Program Could Cut US Oil Use in Half by 2020

Green Car Congress

In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.

Oil 252
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PBF considering $550M investment to convert idled refinery unit to renewable diesel production

Green Car Congress

Louisiana Governor John Bel Edwards and PBF Chalmette Refinery Manager Steven Krynski announced that the company is studying the possible conversion of an idled refinery unit into a renewable diesel production complex. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

Renewable 186
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

Chicago 150
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Gulf Oil adds LNG-powered trucks to its transportation fleet

Green Car Congress

Gulf Oil LP, a national branded supplier of motor fuels throughout the United States and its territories, has deployed 34 transport trucks that run on liquefied natural gas (LNG). Gulf will assist its fleet customers in all aspects of conversion, including vehicle selection, acquisition, hedging, operations, and regulatory requirements.

Fleet 225
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BNEF: global carbon capture capacity due to rise sixfold by 2030

Green Car Congress

Today, most capture capacity is used to collect carbon dioxide from natural gas processing plants and used for enhanced oil recovery. In 2021, some 73% of captured CO 2 went to enhanced oil recovery operations. The destination for captured CO 2 is also due to change significantly from the status quo.

Carbon 293