article thumbnail

Indian Oil eyes fuel supply for Formula 1 cars | Autocar Professional

Baua Electric

Indian Oil Corp, the country’s largest fuel marketing company, plans to secure fuel supply contracts from teams participating in the Formula 1 championship. “We We expect to manufacture the fuel for Formula 1 cars and obtain the required certifications within three months,” Indian Oil Chairman Shrikant Madhav Vaidya said.

Oil 52
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

Audi and KIT working on recycling for automotive plastics via pyrolysis oil

Green Car Congress

We want to establish smart circular systems in our supply chains and make efficient use of resources. These plastic components are processed into pyrolysis oil by chemical recycling. The quality of this oil corresponds to that of petroleum products, and materials made from it are equally high-grade as new ones.

Kits 410
article thumbnail

EIA: International demand will drive US production of petroleum and other liquids through 2050

Green Car Congress

EIA projects that the United States will continue to be an integral part of global oil markets and a significant source of supply in these cases, as increased exports of finished products support US production. It also assumes the Brent crude oil price reaches $101 per barrel (b) (in 2022 dollars) by 2050.

article thumbnail

Equinor contracts for first green-ammonia-fueled supply vessel; 2MW SOFC

Green Car Congress

Norway-based energy company Equinor has contracted with Eidesvik Offshore for the Viking Energy supply vessel, which is being retrofitted to make it capable of covering long distances fueled by carbon-free ammonia. The vessel will transport supplies to installations on the Norwegian continental shelf (NCS). The Viking Energy.

Supplies 395
article thumbnail

Solazyme and Unilever sign commercial supply agreement for tailored algal oil

Green Car Congress

a renewable oil and bioproducts company, and Unilever have executed a commercial supply agreement for the first partnered Solazyme Tailored Algal Oil. The companies have been collaborating for five years on multiple projects with increasing levels of success culminating in this initial supply agreement. Solazyme, Inc.,

Oil 210
article thumbnail

Neste introduces co-processed marine fuel in partnership with Nordic Marine Oil; up to 80% GHG emission reduction

Green Car Congress

Together with its partner Nordic Marine Oil, Neste is piloting a new Neste Marine 0.1 is a range of low-sulfur marine fuels (Neste MGO DMA and Neste MDO DMB) with a sulfur concentration of less than 0.1%. Nordic Marine Oil specializes in the supply of bunker fuels and lubricating oil to the shipping industry.

Mariner 186