Green Car Congress

NOVEMBER 10, 2021

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 Crude oil inventories reached a recent low of 413.9

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Green Car Congress

MAY 11, 2022

The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 million barrels per day in 2023, which would surpass the record average production of 12.3 US coal production will total 598 million short tons in 2022, which is a 3% increase from 2021.

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Green Car Congress

AUGUST 31, 2020

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. 2 Total SA.

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Green Car Congress

AUGUST 21, 2021

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.

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Green Car Congress

JULY 21, 2021

Despite volatility in global oil markets, US crude oil exports reached a record high in 2020, according to the US Energy Information Administration (EIA). As of 9 July 2021, US crude oil exports have averaged 3.00 The most recent four-week rolling average of US crude oil exports reached 3.51 million barrels per day (b/d).

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Green Car Congress

JANUARY 23, 2022

After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. In 2020, US coal production had fallen to its lowest level since 1964.

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Green Car Congress

SEPTEMBER 28, 2022

Cemvita defines Gold Hydrogen as the biological production of hydrogen in the subsurface through the consumption of trapped or abandoned resources. The hydrogen production in this trial exceeded our expectations. Green hydrogen production, however, is energy intensive and expensive. It is growing at a CAGR of 54.7%

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Hydrogen Production Oil Renewable 482

Green Car Congress

JANUARY 13, 2022

Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.

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Green Car Congress

APRIL 1, 2022

In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). million barrels of sweet and 200,000 barrels of sour crude oil. President George W.

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Green Car Congress

APRIL 29, 2022

China processed record amounts of crude oil in 2021 to meet rising domestic consumption of petroleum products, according to analysis by the US Energy Information Administration (EIA). According to China’s National Bureau of Statistics, China processed a record 14 million barrels per day (b/d) of crude oil in 2021, a 4.6%

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Oil Gasoline China Diesel 370

Green Car Congress

JULY 31, 2023

Since the EU imposed sanctions on Russia in the wake of the invasion of Ukraine, there has been a redrawing of the global oil map, a new study by Transport & Environment (T&E) shows. Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. C carbon budget.

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Oil Russia Saudi Arabia Ukraine 370

Green Car Congress

JUNE 26, 2022

As of May 2022, surplus crude oil production capacity in non-OPEC countries decreased by 80% compared with 2021, according to the US Energy Information Administration’s (EIA) new report Global Surplus Crude Oil Production Capacity. In 2021, 1.4

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Green Car Congress

OCTOBER 27, 2021

With tuning, the catalyst can achieve a selectivity of 80% toward motor oil (C 21 –C 45 ). The Alterra technology transforms plastic destined for landfills back into petrochemical products that can be further refined into fuels, waxes and plastic production. A paper on their work is published in ChemSusChem.

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Green Car Congress

NOVEMBER 24, 2020

Chemical recycling has great potential for this: If plastic components can be produced from pyrolysis oil instead of petroleum, it would be possible to significantly increase the proportion of sustainably manufactured components in automobiles. Rebekka Volk at the Institute for Industrial Production (IIP).

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Kits Audi Oil Automobile 410

Green Car Congress

NOVEMBER 4, 2021

New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

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Green Car Congress

NOVEMBER 9, 2022

The US Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. million barrels per day of crude oil and petroleum products in 2023, down 14% from estimated 2022 production.

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Oil Diesel Price Russia 334

Green Car Congress

APRIL 14, 2023

bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. bp now operates five production platforms in the deepwater Gulf of Mexico: Argos, Atlantis, Mad Dog, Na Kika and Thunder Horse. Earlier post.) working interest.

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Green Car Congress

MAY 18, 2020

HydroWing, in partnership with Tocardo, introduced the THyPSO (Tidal Hydrogen production, Storage and Offtake), a concept that creates green hydrogen from the sea, contributing to the wider global decarbonization of energy systems. THyPSO has capacity to hold up to two weeks’ worth of hydrogen production in pressurized storage tanks.

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Hydrogen Production Powered Power 459

Green Car Congress

FEBRUARY 20, 2022

In 2021, the United States returned to importing more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it exports following its historic shift to being a net exporter of petroleum in 2020, according to the US Energy Information Administration (EIA). million b/d. million b/d in 2023. million b/d.

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Green Car Congress

JULY 20, 2020

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. and CoMo/Al2O3 as catalysts. —Kim et al.

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Fuel Production Oil Waste 351

Green Car Congress

AUGUST 27, 2021

Quantification of critical properties, including pour point, kinematic viscosity, and viscosity index, indicates that the products are promising alternatives to currently used base or synthetic oils. The reaction network involves the sequential conversion of polymer into the oil with a gradual decrease of molecular weight until ?700–800

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Delaware Waste Oil Convert 334

Green Car Congress

MAY 19, 2022

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

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Oil Waste North America Fleet 273

Green Car Congress

JANUARY 16, 2023

Bolivia President Luis Arce said that the national government has a strategy to promote the cultivation of jatropha, a plant from which the oil is extracted to serve as a raw material for biodiesel production. and a series of elements that will allow us to stop importing oil, diesel and gasoline and be self-sufficient.

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Bolivia Production Sierra Oil 342

Green Car Congress

DECEMBER 9, 2020

One of Europe’s most modern automotive manufacturing sites, Hambach is home to a highly experienced and capable workforce, has an excellent track record among Mercedes plants for the quality of its output, and recently benefited from a major investment to enable the production of larger vehicles.

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Mercedes Production Manufacturer Future 435

Green Car Congress

APRIL 5, 2023

Strong continuing international demand for petroleum and other liquids will sustain US production above 2022 levels through 2050, according to most of the cases in the US Energy Information Administration’s (EIA’s) Annual Energy Outlook 2023 (AEO2023). These cases include: The Reference case, which serves as a baseline, or benchmark, case.

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Green Car Congress

JUNE 25, 2023

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. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy.

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Green Car Congress

NOVEMBER 15, 2020

This is part of a larger project that intends to rebuild the existing Synsat plant for the large-scale production of renewable fuels. To begin with, 5% rapeseed oil will be combined with the fossil raw material for a limited period. About two-thirds of the products are exported.

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Green Car Congress

SEPTEMBER 20, 2022

Building on its capability of proactive transformation, Neste has initiated a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site. The refining capacity of crude oil is approximately 10.5 Porvoo refinery. million ton/a.

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Oil Renewable Finland Mariner 259

Green Car Congress

AUGUST 31, 2023

Bosch is now starting the production of new powertrain solutions based on 800-volt technology. Inverter with 800-volt technology goes into series production In recent years, 400-volt solutions have become widely established as the industry standard. The next generation of the electric motor will feature oil cooling.

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Motoring Motors Motor Electric Vehicles 369

Green Car Congress

SEPTEMBER 27, 2022

In the first half of 2022 (January–June), US exports of petroleum products averaged nearly 6 million barrels per day (b/d), the most first-half-of-year exports in Petroleum Supply Monthly data, going back to 1973, according to the US Energy Information Administration (EIA). US propane exports averaged 1.4

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Russia Production Oil Ukraine 284

Green Car Congress

FEBRUARY 24, 2022

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).

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Hydrogen Clean Cleaning Houston 458

Green Car Congress

FEBRUARY 12, 2022

ExxonMobil has started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Hess Guyana Exploration Ltd.

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Guyana Production Oil Store 259

Green Car Congress

AUGUST 16, 2023

The production of renewable diesel at Neste’s Singapore refinery expansion has been restarted in early August, according to the company’s plans. The production line at the expanded part of the refinery was shut down in June for unexpected equipment repairs. million tons in early 2024. million tons in early 2024. Neste Marine 0.1

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Singapore Renewable Parts Mariner 368

Green Car Congress

OCTOBER 2, 2020

Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading (FPSO) vessel. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels.

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Guyana Oil Singapore 2019 418

Green Car Congress

JUNE 8, 2021

This includes crude oil and petroleum products. Total petroleum products supplied is the sum of the products supplied for each petroleum product, crude oil, unfinished oils, and gasoline blending components. This also includes petroleum products supplied for non?combustion

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Green Car Congress

MAY 4, 2021

The plant will no longer produce fuels from crude oil, but instead will make fuels from used cooking oil, fats, greases and soybean oils. The Santa Maria facility in San Luis Obispo County that currently provides crude oil feedstocks to the Rodeo facility will be idled and decommissioned. Earlier post.).

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Conversion Renewable California Fuel 435

Green Car Congress

DECEMBER 31, 2022

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). Production of existing reserves. Thorough appraisals of existing fields. per barrel in 2021.

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