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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Under the forecast, China will thus represent 26% of global auto sales in 2015. million units sold, according to the report, or 46% of global auto sales.

2015 150
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. The North American market will continue its upswing, though the pace differs by country. North America.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

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A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.

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Shell completes acquisition of Repsol S.A. LNG portfolio

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billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell’s LNG marketing business. The company’s already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru.

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UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

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Under the current set of prices and slate of feedstocks available, you can produce Green Diesel fuels from renewable fats and greases at a price competitive with petroleum diesel—provided you get feedstock at the price needed. Really the question is can the feedstocks be procured at a price competitive to petroleum oil.

Renewable 247