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Biobutanol Market Pegged for Expansion by 2024 (Report Offered)
Biobutanol
Date: 2020-01-22
Biobutanol Market Pegged for Robust Expansion by 2024 With the increase in population our demand for energy is also increasing day by day, hence we are always looking for some alternate source of energy that can fulfill our energy demands.

Biobutanol can be used as a substitute of gasoline as a cleaner fuel. Europe and North America are two major markets for Biobutanol. Key players in the market that are producing Biobutanol includes: Arbor Biofuels, Butalco GmBH, Bioenergy International, Butamax advanced Biofuels LLC (DuPont/British Petroleum), Cobalt Biofuels, Gevo, GreenBiologics and others, according to the report.

Report details and PDF brochure is available HERE. (Source: Transparency Market Research, PR, 21 Jan., 2020) Contact: Transparency Market Research, 866-552-3453 - (US-Canada Toll Free), rohit@transparencymarketresearch.com, www. transparencymarketresearch.com

More Low-Carbon Energy News Biobutanol,  


S. Korean Coal Consumption Jumps in 2018 (Int'l., Ind. Report)
South Korea,OECD
Date: 2019-08-19
In its recent annual report, British Petroleum notes South Korea's 2018 coal consumption grew to 88.2 million tonnes oil equivalent -- up 2.4 pct. The figure puts South Korea in fifth place in terms of total coal consumption among the OECD countries after China, India, the U.S. and Japan.

The UK, Germany and the U.S. saw coal consumption sall by 16.6 pct, 7.2 pct and 4.3 pct respectively. (Source: BP, arirng, 17 Aug., 2019) Contact: OECD, www.oecd.org

More Low-Carbon Energy News Coal,  OECD,  


CO2 Emissions Rise at Fastest Rate since 2011 (Ind. Report)
BP
Date: 2019-06-14
Oil industry giant British Petroleum's (BP) just released 2018 Statistical Review of World Energy -- in its 68th year of publication -- notes that as energy consumption has grown, greenhouse gas emissions caused by the burning of fossil fuels, which account for around two-thirds of total emissions, rose by 2 percent in 2018 -- equivalent to driving an extra 400 million combustion engine cars onto the world's highways.

According to the report, energy consumption growth was driven by natural gas, which contributed more than 40 pct of the increase. All fuels grew faster than their 10-year averages, apart from renewables, although renewables still accounted for the second largest increment to energy growth.

The report found the rapid increase in carbon emissions was at least partially due to the sharp increase in abnormally hot and cold days around the world, which in turn led consumers to use more energy for cooling and heating. China, the US, and India together accounted for more than two-thirds of the global increase in energy demand, with US consumption expanding at its fastest rate for 30 years.

Download the BP 2018 Statistical Review of World Energy HERE. (Source: BP, Statistical Review of World Energy, Digital Journal, June, 2019) Contact: BP, www.bp.com

More Low-Carbon Energy News BP,  Climate Change,  Carbon Emissions,  


Shareholders Demand BP Goals Align with Paris Climate Agreement (Int'l, Opinons, Editorials & Asides)
BP, Paris Climate Agreement
Date: 2019-02-04
The Guardian is reporting oil industry giant British Petroleum (BP) will back a shareholder resolution presented at its annual meeting this year that calls for the company to align its business strategy with the goals of the Paris Climate Agreement (COP15).

The shareholder resolution comes from Climate Action 100+, a group of 300 investors with $32 trillion in assets, including the investment arms of HSBC, Legal & General and the Church of England. The resolution will be voted upon at the company's annual meeting. The shareholder group's resolution was driven by what it says was the company's failure to demonstrate a strategy consistent with the Paris goals." according to CNN News.

The Climate Action 100+ initiative is just part of a growing wave of shareholders exerting their power to scrutinize oil and gas companies over their contributions to rising carbon emissions, and perhaps, more importantly -- asking the companies what they are going to do about it.

In the proposal, BP is tasked with developing a business strategy in line with two of the Paris deal goals by the end of its 2019 financial year -- holding temperature rises to below 2 degrees C and reducing carbon emissions to net zero by the second half of the century. BP will also be required to justify how its capital expenditures in fossil fuel projects were consistent with the landmark climate deal and set new metrics and targets. BP has not specified what metrics and targets it will set, should the resolution be passed - but there is talk of setting targets for the carbon intensity of its products and linking executives’ bonuses to carbon emission cuts.

Launched in December 2017 at the One Planet Summit, Climate Action 100+ garnered worldwide attention as it was highlighted as one of 12 key global initiatives to tackle climate change.

Investor representatives from AustralianSuper, California Public Employees' Retirement System (CalPERS), HSBC Global Asset Management, Ircantec and Manulife Asset Management have helped to lead the design and development of Climate Action 100+.

The initiative is designed to implement the investor commitment first set out in the Global Investor Statement on Climate Change in the months leading up to the adoption of the historic Paris Agreement in 2015.

To date, 310 investors with more than $32 trillion in assets under management have signed on to the initiative. In July 2018, Climate Action 100+ released an update that showed more investors are mobilizing across dozens of countries to drive corporate action on climate change, and companies on the initiative's focus list, have started to make progress towards its goals, including a trebling in support for the recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosures. (Source: Climate Action 100+l, CNN, Various Media, 2 Feb., 2019) Contact: Climate Action 100+, www.climateaction100.org

More Low-Carbon Energy News BP,  Carbon Emissions,  Climate Change,  Paris Climate Agreement,  COP15,  


Oil Majors Commit to Low-Carbon Energy (Ind. Report)
British Petroleum,Royal Dutch Shell,Low-Carbon Energy
Date: 2018-02-26
UK-headquartered petroleum giant British Petroleum plc (BP) has announced it is investing $500 million a year in a push for low-carbon energy. The oil company says it sees "significant commercial potential" in solar power and is becoming more active in trading carbon credits. It also plans to set targets for emissions from operations, according to Bloomberg.

As previously reported, Royal Dutch Shell plc recently announced it would spend as much as $1 billion a year on renbewable through its New Energies division. According to the report, Shell sees opportunities in hydrogen fuel-cells, liquefied natural gas, and next-generation biofuels for air travel, shipping and heavy freight. (Source: BP, CS News, Bloomberg, Various Media, 21 Feb., 2018) Contact: BP, www.bp.com

More Low-Carbon Energy News British Petroleum,  Royal Dutch Shell,  


BP Seeking $500Mn in Low-Carbon investments (Ind. Report)
BP
Date: 2018-02-14
Oil and gas giant British Petroleum (BP) reports it plans to invest $500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the transition to a low carbon economy and low-carbon energy. To that end, the company is seeking acquisitions in low carbon power and storage to complement its existing alternative energy division. Areas of interest include: advanced mobility; bio and low carbon products; carbon management; power and storage, and digital. (Source: BP, Clean Energy, Others, 7 Feb., 2018) Contact: BP, www.bp.com

More Low-Carbon Energy News BP,  Low Carbon Energy,  Clean Energy,  


BP Acquiring Clean Energy Fuels' Biomethane Operations (M&A)
BP,Clean Energy Fuels Corp
Date: 2017-03-03
Oil giant BP reports that it will purchase Clean Energy Fuels Corp.'s existing renewable natural gas -- biomethane -- production facilities, its share of two new facilities and its existing third-party supply contracts for renewable natural gas for $155 million (€147 million), subject to regulatory approval.

Under the terms of the deal, Clean Energy will have access to a secure and expanding supply of renewable natural gas to expand its retail network and grow its customer base for its "Redeem"-branded renewable natural gas fuel through a long-term supply contract with BP.

Clean Energy will purchase renewable natural gas fuel from BP and collect royalties on gas purchased from BP and sold as "Redeem" at it retail stations. This royalty payment is in addition to any payment under BP's contractual obligation. (Source: BP, PR, 2 Mar., 2017) Contact: BP, www.bp.com; Clean Energy Fuels, Andrew Littlefair, Pres., CEO, Tony Kritzer, IR, (949) 437-1403 tkritzer@cleanenergyfuels.com, www.cleanenergyfuels.com;

More Low-Carbon Energy News British Petroleum,  Clean Energy Fuels Corp,  BP,  Biomethane,  Renewable Natural Gas,  

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