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Globaloil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from globaloil inventories and significant increases in crude oil prices.
Based on visual interpretation of high-resolution (30 m) satellite images, a new study in the journal Global Change Biology: Bioenergy determined that industrial plantations covered over 3.1 When peat swamps are drained for agriculture, the peat begins to decompose, and is an enormous source of carbon emissions. Earlier post.).
the developer of a technology to extract oil from algae, plans to co-develop an integrated system with the US Department of Energy’s Idaho National Laboratory (INL) for direct conversion of raw algae into a renewable crude oil that can be used by existing petroleum refineries. OriginOil, Inc., This may well support the U.S.
John Hofmeister, former President of Shell Oil Company and founder and CEO of Citizens for Affordable Energy (CFAE), is joining the Fuel Freedom Foundation (FFF) Advisory Board. There will not be enough oil to stay on the path we’re on globally over the short- and medium-, let alone the long-term. We need a competitor for oil.
Despite oil demand in the transport sector forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement. Today, transport of passengers and goods accounts for about a quarter of global energy-related CO 2 emissions, a share that will grow to 30% by 2050.
The Government of Canada is supporting a three-year project that will result in the construction of a $19-million, demonstration-scale facility in Alberta that will use algae to recycle industrial carbon dioxide emissions from an oil sands facility into commercial products such as biofuels. Algae Algal Fuels Biorefinery Canada Oil sands'
Wärtsilä will supply its Wärtsilä HY Module , a containerized hybrid battery power and energy storage system to Maersk Supply Service, the Denmark-based provider of offshore marine services and integrated solutions for the global energy sector. This is believed to be the world’s first AHTS hybrid battery conversion.
CH utilizes water to reduce hydrogen and catalyst consumption and quickly and inexpensively converts plant oils into stable intermediate oil products which are very similar to petroleum crude oil. Aemetis, Inc., In May of this year, CLG joined ARA’s ReadiJet Alternative Fuel Initiative for drop-in biofuels.
MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and management in collaboration with Hapag-Lloyd, one of the leading global liner shipping companies. This agreement includes 45 optional engine retrofit solutions.
Replacing all fuels made from oil and gas with zero-net-carbon fuels could reduce approximately 25% of global carbon emissions, making this one of the largest levers that modern society has in the fight against climate change. Aqueous CO 2 electrolysis with base-metal catalysts. to C 2 fuel products such as ethanol.
KBR and Shell Global Solutions International B.V. In addition to hydrocracking and hydrotreating, KBR will also market, sell and provide technology and design packages for Shell Global Solutions deep-flash, high-vacuum unit distillation and thermal conversion technologies worldwide.
At last month’s World Renewable Energy Forum 2012 in Denver, Colorado, researchers from the US National Renewable Energy Laboratory presented papers on two different approaches to upgrade pyrolysis oils to hydrocarbon fuels or fuel intermediates. In short, bio-oil needs to be upgraded to produce a fungible liquid transportation fuel.
A new report from Pike Research forecasts that the global natural gas vehicle (NGV) sector is poised for a new period of growth. Globally, Pike Research forecasts that the NGV market will grow at a CAGR of 5.5% to reach just more than 3 million vehicles (including conversions) by 2015. million in 2008. Energy security.
a renewable chemicals and advanced biofuels company, signed an engineering and consulting agreement with Mustang Engineering, LP for the conversion of Gevo’s renewable isobutanol to biojet fuel. Gevo projects that the cash operating cost for its hydrocarbon fuel is competitive with $65 per barrel crude oil (without incentives).
The NextGen line of oils, with 50% recycled oil, will include conventional, synthetic blend and high mileage offerings. Valvoline, a leading independent marketer of motor oil, has introduced its NextGen line of motor oils, featuring the inclusion of 50% recycled base oil. Click to enlarge.
Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. The Americas are projected to account for 71% of global biofuels production. billion in 2011 to $185.3
In an EU-funded research project, an international consortium is aiming to develop new production methods for sustainable marine fuels to replace heavy fuel oils in shipping. This is cost competitive with Ultra-Low Sulfur Fuel Oil (ULSFO) which current, 2019, price level is €450-550/tonne. The participants are Vertoro B.V. (NL);
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. In 2021, some 73% of captured CO 2 went to enhanced oil recovery operations.
The ability to produce aviation-grade fuel from oil derived from wood waste—which up until now has been difficult due to the high viscosity of the oil—could help international aviation companies comply with new emissions regulations scheduled to go into effect in 2027. Lignin constitutes 20 to 40 percent of lignocellulose.
Oil palm supplies more than 30% of world vegetable oil production. The study, published as an open access paper in the journal Nature Climate Change , shows that deforestation for the development of oil palm plantations in Indonesian Borneo is becoming a globally significant source of carbon dioxide emissions.
Pike Pulse Grid for oil majors commercializing biofuels. With “easy oil” increasingly difficult to source and with an obvious stake in the future of the $2 trillion transportation fuel market, the world’s largest oil companies have begun charting strategies to bring biofuels to market at scale. Source: Pike Research.
Researchers from Northwestern University and Princeton University have explored the impact on US air quality from an aggressive conversion of internal combustion vehicles to battery-powered electric vehicles (EVs). coal, oil, natural gas, and biomass). —Schnell et al.
an advanced fuels and renewable chemical company, signed an expanded, global license agreement with Chevron Lummus Global (CLG) for the production of renewable jet and diesel fuel by the conversion of existing biofuels and petroleum refineries. —Leon de Bruyn, Managing Director of Chevron Lummus Global.
So far, renewable diesel and jet fuels are mainly derived from plant oils, but the EU Renewable Energy Directive limits the use of biofuel from food and feed crops since they do not meet sustainability requirements when produced at large scale.
Global emissions of CO 2 increased by 3% last year, according to the annual report “Trends in global CO 2 emissions”, released by the EC Joint Research Centre (JRC) and the Netherlands Environmental Assessment Agency (PBL). At 3%, the 2011 increase in global CO 2 emissions is above the past decade’s average annual increase of 2.7%.
Topsoe and Steeper Energy , a developer of biomass conversion technologies, signed a global licensing agreement for a complete waste-to-fuel solution. The process conditions are carefully chosen to promote reaction pathways that favor high yields of high-quality renewable oil.
s Rialto Renewable Energy Center for the conversion of biomass to transportation fuels. The unconverted fractionator bottoms product can be fed to an FCC unit or lube oil hydrofinishing unit, or it can be recycled back to the process for full conversion to lighter high-value products.
Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel. —John Kunasek.
MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.
Johnson Matthey has launched HyCOgen, a technologyt designed to play a pivotal role in enabling the conversion of captured carbon dioxide (CO 2 ) and green hydrogen into sustainable aviation fuel (SAF).
Pike forecasts that the global market for biofuels will increase from $82.7 between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Pike projects that the Americas will account for 71% of global biofuels production. billion in 2011 to $185.3 billion by 2021. A more robust growth is expected.
and Chevron Lummus Global (CLG) achieved a key development milestone with their 100 barrel/per day (4,200 gallon/per day) demonstration-scale Biofuels ISOCONVERSION (BIC) facility in St. The BIC Process combines: ARA’s Catalytic Hydrothermolysis (CH) process for the conversion of plant oils into a high quality crude oil intermediate.
million (US$2-million) equity investment in Global Bioenergies, representing a 3.6% million (US$2-million) equity investment in Global Bioenergies, representing a 3.6% Butadiene is one of the major building blocks of the petrochemical industry and is presently exclusively produced from oil. Earlier post.).
It is rapidly expanding energy use, mainly driven by fossil fuels, that explains why humanity is on the verge of breaching planetary sustainability boundaries through global warming, biodiversity loss, and disturbance of the nitrogen-cycle balance and other measures of the sustainability of the earth’s ecosystem.
Bitumen production from the Canadian oil sands provides a point of reference that could be used to observe and better manage the land and water impacts of a rapid transition to unconventional fuels, suggests Dr. Sarah Jordaan of the Energy Technology Innovation Policy Research Group, Department of Earth and Planetary Sciences, Harvard University.
Global Bioenergies has closed a €1.4-million stake of Global Bioenergies. stake of Global Bioenergies. In July 2011, Global Bioenergies and Synthos signed a partnership agreement to develop a biological process for the production of a second molecule, butadiene. million (US$2.2 Accordingly, Synthos now owns a 3.6%
Another advantage, Zimmerman noted, is that the supercritical carbon dioxide, which acts as a solvent for oil, can be tuned to extract only specific components from algae oils, saving time and resources. Such tuning is not possible with conventional solvents.
Global Bioenergies (GBE), the company developing a process converting renewable resources into isobutene via fermentation ( earlier post ), and SkyNRG, world market leader in sustainable aviation fuel (SAF), will collaborate to accelerate the commercialization of Global Bioenergies’ approach to process isobutene into a jet fuel blending component.
Fortiva Hemi brings novel enzymes to liquefaction that deliver greater than 10% oil yield improvement and up to 1% ethanol yield gain above Novozymes’ industry leading Fortiva Revo liquefaction solutions. Novozymes believes that increasing the efficiency of corn oil extraction could be significant in advancing bioethanol production.
A new study on greenhouse gas (GHG) emissions associated with the conversion and degradation of peatland in palm oil plantations in Southeast Asia has determined that past studies have generally significantly underestimated emissions associated with palm oil grown on peatland. Southeast Asia.
The company’s patented technology allows the production of renewable hydrogen as well as the direct conversion of water and CO 2 into raw material for petrochemical products. It enables the production of emission-free renewable hydrogen and conversion of CO 2 into fuels, chemicals and materials.
Chemical technologies include the hydrotreatment of oils; catalytic decarboxylation; and methanol production. These diesel-type hydrocarbons, also referred to as hydrotreated vegetable oil (HVO) or a renewable diesel, can also be tailored to meet aviation fuel requirements. cellulosic ethanol. Output capacities are in the range of.
Chen’s group developed the process to produce alkanes and aromatics in the jet fuel range by microwave-induced pyrolysis of intact biomass (Douglas fir) integrated with hydrotreating upgrading of pyrolysis oil. However, high hydrogen gas consumption and severe reaction conditions were needed in this process. —Yang et al.
We want to enable the brightest and the best to develop their ideas, and benefit from Shell’s expertise and global reach, so that we can get these technologies up and running in our projects as fast as we can. Their pilot plant in the Middle East taps heat from the sun to generate steam for enhanced oil recovery.
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