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Plunge in demand for oil could be a win for renewables

Green Car Reports

Decreases in overall energy demand resulting from the global coronavirus pandemic will hit fossil fuels hard, while driving a shift toward renewable energy, according to a report issued last Thursday.

Renewable 161
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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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in 2008, against 3.3% In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. billion tonnes in 2008. Source: PBL. Click to enlarge.

2008 170
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Neste Oil and Finnish Environment Institute to begin joint algae research; focus on NExBTL renewable diesel

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Neste Oil is expanding its algae research ( earlier post ) with the launch of a joint algae research program with the Marine Research Centre at Finnish Environment Institute (SYKE). The program is part of Neste Oil’s efforts aimed at using algae oil as a raw material for producing NExBTL renewable diesel in the future.

Oil 199
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DOE to Award Honeywells UOP $25M for Pyrolysis Oil to Renewable Fuels Demo Unit

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Converting biomass to renewable fuels via a pyrolysis pathway. The US Department of Energy has selected UOP, a Honeywell company, for negotiation of a $25 million award to build a demonstration unit in Hawaii to convert cellulosic biomass into renewable hydrocarbon transportation fuels. Imperium Renewables, and Mesa Engineering.

Oil 210
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Aemetis wins $6M biodiesel supply contract with India Government oil companies

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announced that its Universal Biofuels subsidiary has won a $6-million first contract to supply biodiesel to the India government-owned Oil Marketing Companies (OMC) in a public tender process. The plant was constructed in 2008 and was expanded to produce refined glycerin in 2013. Aemetis, Inc.

India 150
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Rio Tinto and bp to work together on one-year trial of B30 marine biofuel

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The trial is using a bp-manufactured B30 biofuel blend composed of 30% fatty acid methyl esters (FAME) blended with very low sulfur fuel oil (VLSFO). This B30 biofuel blend can reduce lifecycle carbon dioxide emissions by up to 26% compared to standard marine fuel oil. All biofuel refueling during the trial will be at Rotterdam.

Mariner 273
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The fossil fuel mix continues to change with oil, the world’s leading fuel at 33.1%

Coal 261