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Fossil Fuel Production Up in 2008 Despite Recession

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World production of fossil fuels—oil, coal, and natural gas—increased 2.9% in 2008 to reach 27.4 Energy prices reflected this shift: oil peaked at $144 per barrel in July, then fell to $34 per barrel in December. Coal has led the growth in fossil fuel production. million barrels per day (Mbpd) in 2008, up from 1.0

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BP: world on unsustainable path; growing divergence between demands for climate change action and pace of progress

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Coal consumption (+1.4%) and production (+4.3%) increased for the second year in a row in 2018, following three years of decline (2014-16). Coal still accounted for the largest share of power generation at 38%. Cobalt prices rose 30% to their highest levels since 2008, while Lithium carbonate prices increased by 21% to new highs.

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MIT study concludes that absent climate policy, coal-to-liquids could account for around a third of global liquid fuels by 2050

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A new assessment of the viability of coal-to-liquids (CTL) technology by researchers from the MIT Joint Program on the Science and Policy of Global Change (JPSPGC) found that without climate policy, CTL has the potential to account for around a third of global liquid fuels by 2050. Credit: Chen et al., 2011 Click to enlarge.

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Tsinghua/Argonne Study Finds That Mass Use of EVs in China Could Result in Higher CO2 and Criteria Pollutant Emissions Than Conventional and Hybrid Gasoline Vehicles Due to Coal-Fired Generation of Electricity

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The study examined the fuel-cycle CO 2 , SO 2 , and NO x emissions of EVs in China in both current (2008) and future (2030) periods and compared them with those of conventional gasoline vehicles and gasoline hybrids. Generation mix of the six interprovincial power grids in 2008. The power of EVs is electricity from the grid.

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Headwaters Inc and Axens Form Direct Coal Liquefaction Alliance

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Headwaters direct coal liquefaction process. Headwaters Inc and Axens are forming a strategic alliance to provide a single-source solution for producing synthetic fuels by direct coal liquefaction (DCL) alone or in combination with refinery residues or biomass. Up to 50% more liquid product per ton of coal. Source: Headwaters.

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Hyperbaric Centrifuge Technology Successfully Dewaters Coal Fines

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A dewatering technology developed at Virginia Tech has succeeded in reducing the moisture content of ultrafine coal to less than 20%, transforming it to a salable product. During recent prototype tests at Arch Coal Company’s Cardinal plant in Logan County, W.Va., Roe-Hoan Yoon. as part of a license agreement with Virginia Tech.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

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