article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. The US was second at $38.3 Third came Japan, at $35.7 billion), India ($7.4

2014 150
article thumbnail

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

Indonesia’s Duri heavy oil field has also achieved an ultimate recovery factor of 70% after employing steamflood technology. PT Chevron Pacific Indonesia, a wholly owned Chevron subsidiary, operates the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil.

Chevron 244
article thumbnail

Are biofuels the answer for green cars? The Green Piece

Green Cars News

Known as the ‘food versus fuel’ debate, some experts believe that placing energy markets in competition with food markets for arable land will result in higher food prices. They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels.