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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

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The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. billion annually and stimulate the production of 10 million tons of domestic coal per year.

Ukraine 236
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SAF company DG Fuels closes investments with two Japanese companies

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DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming. With the investments in DGF made by aviner & co.,

Companies 370
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Study finds coal trains add significant amount of PM2.5 pollution in urban areas

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Coal trains and terminal operations add a significant amount of fine particulate matter (PM 2.5 ) pollution to urban areas—more so than other freight or passenger trains— according to a study conducted in Richmond, California, by the University of California, Davis. The results indicate coal trains add on average 8.32

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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

Coal 210
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Algae.Tec signs carbon capture biofuels deal with Australia’s largest coal-fired power company

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Algae.Tec has signed a deal with Australia’s largest power company to site an algae carbon capture and biofuels production facility alongside a 2640MW coal-fired power station near Sydney. million tonnes of coal per year and delivers power to eastern Australia, from South Australia to Northern Queensland.

Coal 199
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DKRW Advanced Fuels secures EPC contract with Sinopec Engineering for Medicine Bow coal-to-liquids project in Wyoming

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Using bituminous coal from southern Wyoming, the Medicine Bow facility will produce 11,600 barrels per day of very low sulfur gasoline using GE gasification technology and methanol?to?gasoline controlled subsidiary of the Sinopec Group , one of the largest energy companies in the world. oil equivalent reserve at the Medicine Bow site.

Wyoming 236