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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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Neste Oil strengthens algae oil procurement program for renewable diesel with a new off-take agreement

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Neste Oil and Renewable Algae Energy (RAE), a US-based algae biomass producer, have signed a contingent commercial algae oil off-take agreement. Algae oil is one of the alternatives being researched by Neste Oil for use as a feedstock for producing NEXBTL renewable diesel in the future.

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Solazyme expanding renewable oil production capacity with JV partner Bunge, signs strategic collaboration agreement with ADM

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Separately, Solazyme and Archer-Daniels-Midland Company, a leading global agricultural processor, signed strategic collaboration, manufacturing and market development agreements in which Solazyme and ADM will produce Solazyme’s tailored algal oils in ADM’s advanced fermentation plant at Clinton, Iowa. Solazyme, Inc., Earlier post.).

Oil 239
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DOE researchers investigate economic and environmental impacts of converting wet waste to renewable diesel

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Meanwhile, wet waste feedstocks, such as animal manure and fats, oils, and greases (FOG), represent another important category of resources that could be utilized to produce MCCI bioblendstocks due to its abundant availability. demand in 2016. demand in 2016. Skaggs et al. Skaggs et al. 1c06561.

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Argonne releases 2016 version of GREET

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The Argonne National Laboratory’s Systems Assessment Group announced 2016 release of the suite of GREET (Greenhouse gases, Regulated Emissions, and Energy use in Transportation Model) models and associated documentation. Updated DME production from fossil natural gas, natural gas-derived methanol, and renewable feedstocks. Updated U.S.

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EIA: Renewable diesel increasingly used to meet California’s Low Carbon Fuel Standard; 10.1% of total diesel supplied in 2Q18

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Renewable diesel net supply to California’s fuel market has increased since the state’s Low Carbon Fuel Standard (LCFS) program went into effect in 2011, reaching 100 million gallons during the second quarter of 2018, or 10.1% Much of this low carbon intensity fuel is made from used cooking oil feedstock.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 million barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 With domestic crude oil production rising to 9.5 MMbbl/d achieved in 1970. trillion cubic feet (Tcf).

Oil 290