article thumbnail

DOE awards $165M GEODE grant to consortium to accelerate development of geothermal by leveraging oil and gas industry

Green Car Congress

The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gas industry.

Oil 170
article thumbnail

UH researchers developing autonomous robot for subsea oil and gas pipeline inspection

Green Car Congress

To reduce the number of accidents in the global oil and gas industry caused by damaged pipelines, University of Houston researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. When larger spills happen, pipelines are often the culprit.

Oil 221
article thumbnail

Global Bioenergies obtains a €400K grant from BMBF to produce renewable gasoline additives; Audi to use for engine testing

Green Car Congress

France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives. million tons per year).

Grant 150
article thumbnail

EU research project IDEALFUEL seeks to develop marine low-sulfur heavy fuel oils from biomass; Bio-HFO

Green Car Congress

In an EU-funded research project, an international consortium is aiming to develop new production methods for sustainable marine fuels to replace heavy fuel oils in shipping. This is cost competitive with Ultra-Low Sulfur Fuel Oil (ULSFO) which current, 2019, price level is €450-550/tonne. The participants are Vertoro B.V. (NL);

Mariner 273
article thumbnail

“Dirty, Difficult, And Dangerous”: Why Millennials Won’t Work In Oil

Green Car Congress

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry, oil and gas is facing more challenges in persuading the environmentally-conscious Millennials that oil is “cool”. labor force.

Oil 220
article thumbnail

The 5 Countries That Could Push Oil Prices Up

Green Car Congress

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market. Geopolitical tension has been largely irrelevant since the collapse of oil prices in 2014, but it’s making a return now that cracks have emerged in some key oil-producing nations. bank Citi said.

article thumbnail

Business Finland awards €27.7M to Neste for Porvoo refinery green hydrogen projects

Green Car Congress

In July 2022, Neste became the first Finnish company to receive IPCEI (Important Project of Common European Interest) status from the European Commission for its hydrogen projects, which enabled the company to apply for the public funding now granted. —Outi Ervasti, Vice President of Renewable Hydrogen at Neste.

Finland 210