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The collapse in world oilprices 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. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60
DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. The process has very high conversion efficiency >97% (LCA); he fuel choice determines the carbon footprint. —CSIRO Energy Group Executive, Dr.
The International Council on Clean Transportation (ICCT) has released a report prepared by the consultancy Cerulogy that explores the potential market and environmental impacts of increased capacity for renewable diesel produced by hydrotreating oils and fats in the US. —from the report, “Animal, vegetable or mineral (oil)?”.
Brazil’s fuels regulator, ANP, has cleared the way for the commercialization in Brazil of Amyris renewable jet fuel in blends of up to 10%. Building on the revised ASTM International standard for aviation turbine fuel approved in June, Brazil’s ANP last week removed the last regulatory hurdle for the use of our renewable jet fuel in Brazil.
Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oilprices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.
If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of population and economic growth. Oil and natural gas production will continue to grow, mainly to support increasing energy consumption in developing Asian economies.
ExxonMobil expects to increase annual earnings potential by more than 140% and double potential annual cash flow from operations by 2025 from 2017 adjusted earnings, assuming a 2017 oilprice of $60 per barrel adjusted for inflation and based on 2017 margins.
Red Rock Biofuels LLC will produce approximately three million gallons of low-carbon, renewable jet fuel per year for FedEx Express, a subsidiary of FedEx Corporation. and will convert approximately 140,000 dry tons of woody biomass into 15 million gallons per year of renewable jet, diesel and naphtha fuels. Earlier post.).
” also sees steady adoption of on-shore wind and electric vehicle technologies, but suggests that off-shore wind and carbon capture and sequestration look likely to fade or decline. Base case economics for EVs in North America are very challenging, absent significant disruption in oilprice or battery cost.
Low-carbon energy sources (renewables and nuclear) meet around 40% of the growth in primary energy demand. Nearly half of the net increase in electricity generation comes from renewables. Low-carbon energy sources meet around 40% of the growth in global energy demand. Oil use grows, but in a narrowing set of markets.
A new study by the Peterson Institute for International Economics concluded that the Kerry-Lieberman “American Power Act”—the energy and climate change legislation recently introduced in the Senate ( earlier post )—would reduced US oil imports by 33-40% below current levels and by 9-19% below projected business-as-usual levels by 2030.
pre- and post- decarbonization of the electric power sector—to which he referred as pre-CCS and post-CCS, respectively (although decarbonization was not necessarily via CCS—carbon capture and storage).) 90%) or to “repower” using lower carbon feedstocks or generation technologies (e.g. their CO 2 (e.g. ~90%)
and Genencor, a division of Danisco A/S, have established a research collaboration to develop an integrated fermentation, recovery and purification system for producing BioIsoprene from renewable raw materials for use in tires. BioIsoprene product will serve as a renewable and cost-competitive alternative to isoprene.
Investing in alternative fuels is not only good for the environment, it’s a smart move for our company as biofuels have the potential to hedge against future oilprice volatility and carbon regulations. —United Executive Vice President and General Counsel Brett Hart.
The five different fuel groups were those derived: from conventional petroleum; from unconventional petroleum; synthetically from natural gas, coal, or combinations of coal and biomass via the FT process; renewableoils; and alcohols. million bpd. Alcohols, biodiesel and biokerosene offer no benefit for aviation.
According to the base case forecast, diversification of energy sources increases and non-fossil fuels (nuclear, hydro and renewables) are together expected to be the biggest source of growth for the first time. Oil, excluding bio-fuels, will grow relatively slowly at 0.6% The fuel mix changes over time, reflecting long asset lifetimes.
In their analysis, the authors examined the effect of 5 factors on EDV deployment: crude oil and natural gas prices; a federal CO 2 policy; a federal renewable portfolio standard (RPS); and EDV battery cost. No EDV deployment occurs with high battery costs, low oilprices, and no CO 2 policy.
The Obama Administration’s recent extension of the offshore oil-drilling moratorium through 2011 has also renewed investor interest in on-shore oil reserves. More than 25 companies are involved in oil shale development. Market Risks : The economic competitiveness of oil shale and CTL is contingent on high oilprices.
The United States and the European Union have some of the world’s most aggressive policies for alternative fuel promotion, including volumetric mandates, lifecycle fuel-carbon-intensity requirements, and fuel-taxation schemes. The Renewable Fuel Standard (RFS2) in the U.S. RFS and California’s Low Carbon Fuel Standard.
Using catalysts and heat, hydroprocessing removes oxygen, adds hydrogen and rearranges carbon molecules to create a drop-in petroleum substitute that requires no engine modifications in a 50% blend. Hydroprocessing produces renewable diesel, and can produce 50-70% jet fuel with an additional cracking step. renewable diesel.
energy sector will spur a flurry of M&A and investment activity in 2011 as renewable energy. renewable energies; however, it will not include economic incentives for achieving a reduction in carbon emissions. Rising OilPrices Lead to Investments in Natural Gas. technologies mature. extraction.
Renewable fuel use grows at a much faster rate than fossil fuel use. The share of electricity generation from renewables grows to 16% in 2040 from 13% in 2011. Biofuels grow at a slower rate due to lower crude oilprices and. efficiency and the shift to a less carbon-intensive fuel mix. than in AEO2012.
Penetration rates for the PHEV-10 and the PHEV-40 were compared to a Reference Case that assumes high oilprices and fuel economy standards specified by EISA 2007 (with modest increases after 2020, when those standards level off), as described in the 2008 Hydrogen Report from NRC.
AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High OilPrice, and High Oil and Gas Resource) that reflect updated scenarios for future crude oilprices. trillion cubic feet (Tcf) in the Low OilPrice case to 13.1
In the absence of major technological innovations or policy changes, the United States is unlikely to meet cellulosic biofuel mandates under the current Renewable Fuel Standard (RFS2) by 2022, according to a new report from the National Research Council. Economic effects.
This means our economic stability is at stake because of our reliance on oil. In fact, four of the last five recessions were started by an oilprice spike. [ 2 ] Furthermore, our environment cannot continue to bear the brunt of carbon emissions stemming from our heavy use of oil. In short, we need mobility choice.
Projected growth in world carbon dioxide emissions. World carbon dioxide emissions are projected to rise from 29.0 World oilprices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oilprices are assumed to return and to persist through 2030. Source: IEO2009.
set a target of reducing 2050 emissions 80% below the 1990 level, consistent with the IPCC emission trajectory for a 450 ppm carbon dioxide equivalent (CO 2 e) stabilization path that avoids dangerous anthropogenic interference. rather than relative prices of technology, energy, or carbon as. to be carbon neutral.
Genomatica is developing and commercializing sustainable basic and intermediate chemicals made from renewable feedstocks including readily available sugars, biomass, and syngas. Also, the biobased BDO pathway consumes carbon dioxide (CO 2 ), resulting in a reduction of 70% in CO 2 emissions. per million Btu. Plymouth, Minn.
Global Bioenergies is now entering the final phase of demonstrating its technology for converting renewablecarbon into hydrocarbons. The company will now expand its focus to other second- and third-generation carbon feedstocks, which are associated with even higher reductions in greenhouse gas emissions. Earlier post.).
The first signs of a green revolution in the shareholder-investors universe are there, as investors have forced Dutch oil and gas major Shell to officially change its strategy, investing in more renewable energy and energy storage. The latter is partly caused by “global warming constraints” and lower oilprices in general.
barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. Despite the growth in low-carbon sources of energy, fossil fuels remain dominant in the global energy mix, supported. Renewables. Energy demand. — WEO-2012.
DNV and GL merged in September 2013 to form DNV GL—the world’s largest ship and offshore classification society, the leading technical advisor to the global oil and gas industry, and a leading expert for the energy value chain including renewables and energy efficiency. Ship electrification and renewables.
Will be competitive at an oilprice of $45 to $90 at their commercial date. Getting more miles per gallon out of conventional vehicles achieves the same end-goals of lowering carbon emissions and increasing energy security as the movement toward the electrification of transport. Biojet (renewable hydrocarbon fuels for aviation).
Liquid organic hydrogen carriers are flexible media for the storage and transportation of renewable energy. This collaboration comes at a timely moment, on the back of rising oilprices. NTU researchers will work closely with our partners to develop better catalysts, and more efficient reactors for extracting hydrogen.
Our Reference case projection shows the growing importance of natural gas from domestic shale gas resources in meeting US energy demand and lowering natural gas prices. Energy efficiency improvements and the increased use of renewables are other key factors that moderate the projected growth in energy-related greenhouse gas emissions.
They assumed an oilprice of US$80/bbl, close to the short-term. in the generation of electricity for charging, and range between 0 g/km (using renewables) and. conjunction with other car alternatives, low or zero carbon fuels and green electricity in. and cheaper engines and battery packs. reducing GHG emissions.
Cellulosic biofuels can compete with oil at $90/bbl without subsidy assuming: average conversion yield of 91 gallons per dry ton of biomass; average conversion plant capital expenditure of $3.60 Sensitivity analyses varying these assumptions individually gave potential cost-competitiveness with oilpriced at $70/bbl to $120/bbl.
The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oilprice or expectations of future demand. Credit: ACS, Brandt et al. Click to enlarge.
According to a new report by the National Research Council, theUnited Statesis likely to meet the cellulosic biofuel mandates outlined under the current Renewable Fuel Standard.
The next hurricane that slams into the Gulf Coast could send prices up at the pump again. But the next car bomb that successfully explodes at a major Saudi oil facility could send fuel pump prices above $5 or $6 per gallon.
However, consumer demand for PEVs is quite uncertain and, barring another global spike in oilprices, may be limited to a minor percentage of new vehicle purchasers (e.g., As long as electricity production depends heavily on high-carbon energy sources, the net effect of PEVs on greenhouse gases will be limited and will vary by region.
With oilprices surging in the summer of 2008, the annual increase in global emissions of carbon dioxide (CO2) from oil, coal, gas and cement production appear to have halved according to preliminary estimates by the Netherlands Environmental Assessment Agency. Who said no good has come from the global financial crisis?
Efforts may be under way to curb the rise in world energy consumption and with it the world’s carbon dioxide (CO2) emissions - but that won’t curb some serious growth between now and 2030 according to the International Energy Outlook. Oilprices are expected to rise and may even hit $130 a barrel by 2030.
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