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Bakken Energy to purchase synfuels plant and convert to blue hydrogen production as part of $2B hydrogen hub project

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Energy infrastructure developer Bakken Energy (Bakken) has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant.

Hydrogen 305
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Badlands NGL to develop $4B plant in North Dakota to convert ethane from Bakken NGLs into polyethylene

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Badlands NGL, LLC, announced the development of a North Dakota manufacturing plant that will convert ethane (C 2 H 6 ), a byproduct of natural gas processing, into polyethylene, which is used to make a wide variety of end-use consumer and industrial plastics. The project will be the largest private investment in state history.

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Marathon Petroleum implements Topsoe technology at Martinez Renewables facility in California

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Marathon Petroleum Corporation selected Topsoe as the technology provider for renewable fuels production at the Martinez Renewable Fuels Facility in California. As we continue to challenge ourselves to lead in sustainable energy, our renewable fuels production facilities in Dickinson and Martinez have been important contributors.

Renewable 150
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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

Oil 186
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DOE awards $97M to 33 bioenergy research and development projects

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Innovation and optimization of the Szego Mill for reliable, efficient, and successful up-scaling of the deacetylation and mechanical refining process for biofuel production. University of North Dakota. Global Algae Innovations. Gas Technology Institute. Global Algae Innovations. Project title. Federal share.

Waste 186
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Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse

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World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

Oil 261
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The Carlyle Group and Sunoco to form Philadelphia refinery joint venture

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Global asset manager The Carlyle Group L.P. The refinery, the oldest continuously operating one on the east coast, processes 330,000 barrels of oil per day into various refined products and was scheduled for shut down in August of 2012. and Sunoco, Inc. Earlier post.). The transaction is expected to close in the third quarter of 2012.