This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. Earlier post.).
MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. When complete in 2023, the Spiritwood facility will source and process local soybeans and supply the resulting soybean oil exclusively to MPC. Marathon Petroleum Corp.
Despite the decision to de-emphasize microbial oil, Neste Oil emphasized that cellulosic waste will continue to play an important role in its research strategy, adding that it remains committed to its goal of further extending its feedstock base and making greater use of waste and residues in this area in particular.
Chevron USA kicked off a road trip across the US Gulf Coast to showcase an innovative new gasoline blend with more than 50% renewable content. During the tour, Chevron representatives will talk with members of the public about the benefits of lower carbon fuels such as biofuels and renewable gasoline blend.
ECB Group Paraguay and Shell Trading (US) Company signed a multi-year contract that will provide more than 500 million liters (130 million gallons US) of renewable diesel and renewable jet fuel per year to Shell, one of the world’s largest energy companies. The contract is expected to run from 2024.
will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). The Diamond Green Diesel facility converts inedible oils and other waste fats into a high-quality renewable diesel fuel. and Darling Ingredients Inc.,
Grön Fuels, LLC’s renewable diesel and jet fuel option facility at the Port of Greater Baton Rouge is based on Topsoe’s proprietary HydroFlex hydrotreating and H2bridge hydrogen technologies, including an option to capture ~1 million tons per year of bio-CO 2 for carbon sequestration in suitable deep saline aquifers located below the project site.
Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The business segment Chemicals & Materials will instead be the growth engine of the company. The company can build on a strong position.
Aemetis, a renewable fuels company focused on negative carbon intensity products ( earlier post ), has signed a 10-year, 450-million-gallon renewable diesel supply agreement with an industry-leading travel stop company, which is expected to generate more than $3 billion in revenue. The industrial site has 710,000 s.f.
from receiving profits from the oil sales by Chevron. This authorization automatically renews on the first day of each month and is valid for a period of six months from the effective date of General License No. 41 or the date of any subsequent renewal of General License No. 41, whichever is later. 41, whichever is later.
an integrated castor cultivation solution company and a subsidiary of Evogene Ltd. signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. of the current world demand for non-fossil oil for biodiesel.
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. With the investments in DGF made by aviner & co., Chishima Real Estate Co.,
Phillips 66 and Renewable Energy Group, Inc. announced that planning is underway for the construction of a large-scale renewable diesel plant on the US West Coast. The plant would utilize REG’s proprietary Bio-Synfining technology for the production of renewable diesel fuel. from the intermediate renewable hydrocarbons.
The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. With the growth projects in Singapore and Martinez, the company targets to increase its total nameplate capacity of renewable products to 5.5 million tons in early 2024.
The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven. On the road to climate-friendly mobility, we must ensure we don’t leave any technical opportunities untapped, starting with electromobility and ending with renewable fuels.
Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.
billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. The company is expected to start production in the first quarter of 2026. Brazil’s Acelen will invest more than R$12 billion (US$2.44
Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the primary hub where Neste will store a variety of raw materials including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States. —Jeremy Baines, President of Neste US.
Phillips 66, a diversified energy manufacturing and logistics company, plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases and soybean oils.
The Goodyear Tire & Rubber Company announced a new formulation of its popular Endurance WHA waste haul tire made with a renewable soybean oil compound. The Endurance WHA is now made with soybean oil, which replaces a portion of the petroleum-based materials used in its production. Earlier post.). “In
It seems even the oil industry is acknowledging that electric transportation is the future. A group of seven Japanese companies formed the eConsortium to promote electric ships. An electric oil tanker. The consortium's first project?
Raven SR, a renewable fuels company ( earlier post ), announced the closing of a strategic investment from Samsung Ventures, expanding Raven SR’s reach into the global market, especially in Asia-Pacific region. The South Korean government recently announced plans to provide 27.9
In Italy, Eni and Hera signed a partnership agreement with the aim of converting used vegetable oil into renewable diesel for Hera’s waste collection vehicles. The agreement revolves around household waste vegetable oil, such as that used for frying, collected by Hera in around 400 roadside containers and about 120 collection centres.
Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9
NextChem, an Italian renewable energy technology company, is partnering with Kansas-based Saola Energy to support the production of renewable diesel from vegetable oils and residual fats. Renewable diesel commands a substantial premium over biodiesel.
Japan-based biotechnology company euglena ( earlier post ) has completed the construction of its demonstration-scale biorefinery in Yokohama for the production of renewable jet and diesel fuels from algae and waste oil. Euglena expects its renewable jet fuel to qualify for ASTM certification by next spring.
Gold Hydrogen is a novel source of carbon neutral hydrogen produced from depleted oil reservoirs that are ready for plug and abandonment, extending the life of wells that would otherwise be a significant burden. Cemvita Factory’s mission is to reimagine heavy industries such as oil & gas and mining for the net-zero economy.
AltAir Paramount LLC has filed a California LCFS Tier 2 application for converting North American tallow to renewable naphtha; the company calculates a carbon intensity of 39.75 Tallow is fed into the pretreat reactor along with small quantities of vegetable oils/fats. specification. specification.
Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee.
Anelise Lara, the head of Petrobras’ refining, announced that the company is ready to begin production of renewable diesel from soy or other edible oils at commercial scale. Petrobras recently successfully concluded tests on an industrial scale for the production of renewable diesel.
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, has agreed to acquire 100% of Mahoney Environmental (Mahoney), a collector and recycler of used cooking oil in the United States, and its affiliated entities. Neste has announced a $1.54-billion
A joint industry partnership to commercialize clean, gold hydrogen, the program’s founding members include synthetic biology company Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal); and Chart Industries, Inc. (a a leader in clean energy solutions).
Phillips 66 Company has applied for a California Low Carbon Fuel Standard (LCFS) Tier 2 fuel pathway for Renewable Diesel derived from distiller’s corn oil which is processed along with soybean oil and canola oil at its facility in Rodeo, California.
The fuel, jointly developed by Volkswagen, the Coburg University and other project partners, contains up to 33% renewable components based exclusively on residual and waste materials and enables CO 2 savings of at least 20% compared to conventional diesel thanks to the use of biofuels. Volkswagen employees tested the new fuel initially.
Ørsted, the world’s leading offshore wind developer, together with the major industrial companies in the North Sea Port cluster, have launched the SeaH2Land vision for a gigawatt scale project to reduce carbon emissions in the Dutch-Flemish industrial cluster with renewable hydrogen.
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. by Cyril Widdershoven for Oilprice.com.
UrbanX Renewables Group of Long Beach, CA, executed a front-end engineering design (FEED) contract with Hyundai Engineering Co., Ltd—an essential step for building the state’s first facility producing ultra-low carbon renewable diesel. The company will soon disclose the exact plant location. UrbanX process flow.
Bridgestone Americas has produced a run of demonstration tires made with 75% recycled and renewable materials (38% renewable, 37% recycled content), including synthetic rubber made with recycled plastics and natural rubber harvested from hevea and guayule grown domestically. Multiple materials are ISCC PLUS certified.
BMW is testing the use of renewable HVO100 renewable diesel for parts delivery in Germany. HVO100 (100%, or neat, renewable diesel) is made from various waste products, residues and renewable raw materials, including used cooking oil. Compared with fossil diesel, it produces up to 90% less CO 2 well-to-wheel.
Forest products company SCA and St1 have entered a joint venture in Sweden to produce and sell renewable HVO diesel and biojet fuel. SCA will supply tall oil to the joint venture for feedstock and will invest approximately SEK 0.6 million) in the company. billion (US$71.7 billion (US$299 million).
Neste and CIM, part of NOVEN Group in France, the leading independent French group of companies providing oil storage and supply services, are collaborating to enable the supply of Neste MY Sustainable Aviation Fuel into France. We have also announced the expansion of our Rotterdam renewables refinery.
Ryze Renewables announced that construction is underway for two renewable diesel production facilities in Nevada. When completed, the two Ryze Renewables facilities are expected to produce a combined 11,000 barrels per day (BPD) of renewable diesel fuel for Western US and Canadian markets.
Oy Kati Ab, a long-term drilling contractor of Keliber, a company developing a European lithium project ( earlier post ), has started to use Neste MY Non Road Diesel renewable fuel oil in the drill rig at Keliber’s exploration site in Central Ostrobothnia. The company has a certified environmental management system since 2004.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content