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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. Higher oil prices and a weaker economic outlook continue to temper IEA’s oil demand growth expectations.

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Researchers show mixotrophic fermentation process improves carbon conversion, boosting yields and reducing CO2

Green Car Congress

The production costs for most chemicals via microbial fermentation are currently high compared to oil-derived products primarily because of operating costs associated with feedstock and feedstock processing. In addition, when enough reductant (i.e., H 2 ) was provided, the fermentation emitted no CO 2.

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Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. Another 5% comes from wind and 5% from hydro. The rest of Hawaii’s electricity is generated by burning oil.

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