Remove Corporation Remove Gas Remove Industrial Remove Malaysia
article thumbnail

ExxonMobil projects natural gas will overtake coal as second most widely used source of energy by 2025

Green Car Congress

By 2025, ExxonMobil predicts natural gas will overtake coal to become the second most widely used source of energy worldwide. This historic shift of global energy markets toward increased use of natural gas will create new opportunities for economic growth and environmental progress, said Rex W. —Rex Tillerson.

Coal 244
article thumbnail

Malaysia PETRONAS makes strategic entry into Canada with C$1.07 purchase of shale gas assets; LNG export JV

Green Car Congress

PETRONAS, through wholly-owned subsidiary PETRONAS International Corporation Ltd (PICL), has reached an agreement to form a strategic partnership with Canada-based Progress Energy Resources Corporation to develop the Altares, Lily and Kahta shale gas assets in northeastern British Columbia. billion (RM3.32 billion, US$1.1

Canada 186
article thumbnail

Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

Green Car Congress

A lifecycle study by consultancy thinkstep, commissioned by SEALNG and SGMF, has found that greenhouse gas (GHG) reductions of up to 21% are achievable now from LNG as a marine fuel, compared with current oil-based marine fuels, over the entire life-cycle from Well-to-Wake (WtW).

Emissions 220
article thumbnail

Turbine Truck Engines Gains Access to Aerospace Mitsubishi Resources for Engineering and Development of Detonation Cycle Gas Turbine Engine

Green Car Congress

Aerospace Mitsubishi) in the further development of the Detonation Cycle Gas Turbine Engine (DCGT). Aerospace Mitsubishi is a joint venture (JV) between five companies from China, Japan, and Malaysia. AMEC and Aerospace Automotive are wholly owned subsidiaries of China Aerospace Science and Industry Corp ( CASIC ).

article thumbnail

Shell selects site for proposed $12.5B GTL project in Louisiana

Green Car Congress

Shell has selected Ascension Parish in Louisiana as the location for a potential natural gas-to-liquids (GTL) facility. The Louisiana Department of Transportation and Development will begin moving forward this year with projects that benefit the industry and those who travel throughout St. James and Ascension parishes.

Louisiana 255
article thumbnail

Pensana plans $125M rare earth separation facility in England

Green Car Congress

The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345
article thumbnail

UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

Green Car Congress

Honeywell’s UOP—a major international supplier and licensor of technology for petroleum refining, gas processing, petrochemical production and major manufacturing industries—has also been an early leader in developing technologies for the production of renewable drop-in hydrocarbon fuels. —Jim Rekoske.

Renewable 247