Remove Global Remove International Remove Oil Remove Renewable
article thumbnail

IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

Green Car Congress

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
article thumbnail

ExxonMobil increases purchases of renewable diesel from Global Clean Energy Holdings to up to 5M barrels per year

Green Car Congress

ExxonMobil and Global Clean Energy have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel to up to 5 million barrels per year. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions.

Purchase 186
article thumbnail

Diamond Green Diesel to more than double renewable fuel capacity using second Honeywell Ecofining unit; 675M barrels renewable diesel per year

Green Car Congress

will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. and Darling Ingredients Inc.,

Diesel 397
article thumbnail

ExxonMobil to buy 2.5M barrels of renewable diesel per year for 5 years from Global Clean Energy

Green Car Congress

ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. As background, globally, in 2019, ExxonMobil sold some 1.9 million barrels per day of heating oils, kerosene and diesel oils.

Renewable 186
article thumbnail

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.

article thumbnail

Diamond Green Diesel to boost renewable diesel capacity to 1.2B gallons/year; $1.45B expansion project

Green Car Congress

Darling and Valero jointly announced that their 50/50 joint venture, Diamond Green Diesel (DGD), has received approval from both companies’ Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero’s Port Arthur, Texas refinery. billion pounds of used cooking oil annually.

Diesel 397
article thumbnail

Baker Institute team says fossil fuel subsidies need global reform

Green Car Congress

Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. 5 consumer of oil,” Krane said. Costs ranged from a low of 0.3%