article thumbnail

BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

Green Car Congress

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Since then, BP has worked with co-owners and contractors to simplify and standardize the platform’s design, reducing the overall project cost by about 60%. In 2013, BP (operator, with 60.5%

Mexico 150
article thumbnail

Updated NETL study provides more detailed economic and environmental assessment of coal-to-liquids and CTL with modest biomass

Green Car Congress

Performance in the study is measured by such metrics as: (1) required selling price of the fuel; (2) crude oil price when the process will become economically viable; (3) the Well-to-Wheels (WTW) life cycle GHG emissions profile of the diesel fuel; and (4) the water usage associated with the facility.

Coal 225
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

CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

Green Car Congress

DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. The fuel burns to produce intense temperature and pressure in the engine, which provides highly efficient power to turn electrical generators.

Coal 257
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Global food prices are predicted to rise 70 to 90 percent by 2030.

article thumbnail

US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

Green Car Congress

Moreover, due to the high costs associated with exploration and development in the Arctic and the foreseeable low projected oil prices environment, demonstrated industry interest in new leasing currently is low. The Proposed Final Program includes one sale in the northern portion of the Cook Inlet Planning Area.

Mexico 150
article thumbnail

EPA announces 2011 Presidential Green Chemistry Challenge Awards; green chemistry market opportunity projected to be $98.5B by 2020, about 2% of total market

Green Car Congress

Fermentation requires no organic solvent, and the water used is recycled. Genomatica expects Bio-BDO to be competitive at oil prices of $45 per barrel or at natural gas prices of $3.50 Membrane efficiency is limited by the rate at which water (or another molecule) crosses the membrane (the flux). per million Btu.

Green 236