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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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EIA: new drilling technology revitalizes Powder River Basin oil production

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The coal-rich Powder River Basin is also experiencing a turnaround in oil production, according to the US Energy Information Administration (EIA). Production has rebounded from a low of 38,000 barrels per day (bbl/d) in 2009 to 78,000 bbl/d during first-quarter 2014. Click to enlarge.

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BNSF Railway announces record $5B capital spend for 2014

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BNSF Railway Company (BNSF) announced a new single-year record capital commitment plan of approximately $5 billion for 2014, approximately a $1 billion increase over its 2013 capital spend. The largest component of the capital plan is spending $2.3 billion on BNSF’s core network and related assets. BNSF also plans to spend approximately $1.6

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DKRW Advanced Fuels signs major off-take contract for 100% of coal-derived gasoline from Medicine Bow project

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The contract is one of the first major commercial agreements in the US for the sale of liquid transport fuels made from coal. The Medicine Bow project will use Carbon Basin coal optioned from DKRW partner (and coal mine operator) Arch Coal to produce refined hydrocarbon liquid products.

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Honeywell’s UOP Methanol-to-Olefins technology selected to convert coal to high-value petrochemicals in China

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has licensed Honeywell’s UOP methanol-to-olefins (MTO) technology to convert methanol from coal into key plastics building blocks. The MTO process, jointly developed by Honeywell’s UOP and INEOS, converts methanol from crude oil and non-crude oil sources such as coal or natural gas to ethylene and propylene.

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Honeywell’s UOP wins third license for methanol-to-olefins technology to convert coal into high-value petrochemicals

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UOP LLC, a Honeywell company, has landed its third technology license for its methanol-to-olefins (MTO) technology, which converts methanol from coal into key plastics building blocks. China is the world’s largest producer of coal, accounting for nearly half of global production, according to the US Energy Information Administration.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). But like trying to turn a massive oil tanker, it takes time.

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