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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2023.

Global 448
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First Nuseed Carinata shipment for biofuel feedstock

Green Car Congress

This follows an independent SCS Global audit and certification by the Roundtable on Sustainable Biomaterials (RSB), a globally recognized leader in sustainability, which confirmed substantial carbon reduction with the use of Nuseed Carinata as a biofuel feedstock.

Argentina 210
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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
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Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

Green Car Congress

Earlier this year, Elevance entered into an agreement to form a joint venture with Wilmar International Limited (Wilmar), one of the largest global agribusiness groups, to construct a biorefinery based on olefin metathesis technology for the production of high-value performance chemicals, advanced biofuels and oleochemicals from renewable oils.

Financing 210
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NASA’s New Earth Space Mission maps methane ‘super-emitters’

Green Car Congress

In the data EMIT has collected since being installed on the International Space Station in July, the science team has identified more than 50 “super-emitters” in Central Asia, the Middle East, and the Southwestern United States. The team also identified a methane plume south of Tehran, Iran, at least 3 miles (4.8

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Study: IMO low-sulfur fuel standards will decrease childhood asthma cases, premature deaths; climate tradeoffs

Green Car Congress

Marine shipping fuels will get cleaner in 2020 when a regulation by the International Maritime Organization (IMO) requires a decrease in the allowable amount of sulfur in fuel oil from 3.5% reduction of childhood asthma globally. global reduction in PM 2.5 global reduction in childhood asthma. —i.e.,

Standards 170
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BYD to slash EV prices even more with new platform as it looks to crush ICE car sales

Baua Electric

After surpassing Tesla to become the largest EV maker globally in the last three months of 2023, BYD says Tesla is not the competition. Starting at $15,200 (109,800 yuan), the new EV officially opened a “new era of electricity is cheaper than oil.” It’s gas-powered cars.

BYD 52