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Wascon Blue Planing Four Mexican Biorefineries (Int'l Report)
Wascon Blue
Date: 2020-03-09
Miguel Hidalgo, Mexico-based gasoline company Wascon Blue reports it will invest $720 million in four new "green" biorefineries to produce gasoline from byproducts of the process of refining crude oil and natural gas. The company's "innovative formula of BluePower® Biofuels , its Additive acts at the molecular level by increasing the octane in gasoline and cetane in Diesel", according to its website.

Wascon will source the raw material from the state oil company Pemex, which currently exports the byproducts and later imports them after they've been converted to gasoline. The Wascon biorefineries will produce a gasoline with a lower concentration of aromatics, which are base components of gasoline that are a main source of octane and also one of the leading pollutants in the fuel. Conventional gasoline contains around 30 pct aromatics, but the goal of Wascon Blue is to reduce that to 20 pct an replace the remaining 10 pct with sustainably produced sugar cane and sorghum ethanol.

The first of the 4 new biorefinery complexes will be constructed in Veracruz and will have 30,000 bpd capacity beginning in 2021. The company plans to supply 100,000 bpd of "green" gasoline by 2025. (Source: Wascon, Wascom Blue, El Financiero , 7 Mar., 2020) Contact: Wascon Blue, Enrique Olivera, Pres., contacto@wasconblue.com, +55 6385 5542 www.wasconblue.com

More Low-Carbon Energy News Wascon Blue,  


Oil & Gas Climate Initiative Commits to Cutting Emissions (Int'l)
Oil and Gas Climate Initiative
Date: 2019-10-28
In London, the thirteen-member Oil and Gas Climate Initiative (OGCI) is reporting a $1 billion commitment to support the goals of the Paris Climate Accord -- including investments in carbon capture, use and storage (CCUS) and supporting carbon taxes and economic incentives aimed at reducing emissions.

Initially, OGCI will help decarbonize multiple industrial hubs in the United States, United Kingdom, Norway, the Netherlands and China. The OGCI also aims to build on the industry's reduction in methane emissions (9 pct in 2018) and to include carbon emissions in hope that future temperature increases will not exceed 2 degrees Celsius. To complement its methane emissions-intensity target, OGCI seeks to reduce collective average carbon intensity by 2025.

The OGCI member companies -- BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total -- account for 32 pct of global operated oil and gas production, according to the OGCI website. (Source: OGCI, Alex Mills, Tims Record News, 28 Oct., 2019) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, contact@climateinvestments.energy, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News Oil and Gas Climate Initiative ,  


Major Mining Companies Among World's Mega Emitters (Int'l)
Climate Change
Date: 2019-05-13
In Rio de Janiero, Brazil, the Rio Times is reporting as many as 100 companies are responsible for more than 70 pct of global greenhouse gas emissions since 1988, according to data from Carbon Disclosure Project (CFP) in July 2017.

The 25 largest polluters, responsible for 50 pct of CO2 emissions, are, by descending order: China (state-owned coal production), Aramco, Gazprom, Iranian National Petroleum, ExxonMobil, Coal India, Pemex, Russia (state-owned coal production), Shell, China National Petroleum, BP, Chevron, PDVSA, Abu Dhabi National Petroleum, Poland Coal, Peabody Energy, Sonatrach, Kuwait Oil, Total, BHP Billiton, ConocoPhillips, Lukoil, Rio Tinto, Nigeria National Petroleum, and Petrobras, the only Brazilian company on the list.

The top 100 companies control most of the world's mineral rights, for oil, gas, and coal. Houston is considered the "home" of 7 of these 100 companies, followed by Jakarta, Calgary, Moscow, and Beijing.

(Source: The Rio Times, May, 2019) Contact: The Rio Times, Richard Mann, Contributing Reporter, www.riotimesonline.com

More Low-Carbon Energy News Carbon Emissions,  CO2,  Climate Change,  


Petrobras Joining Oil and Gas Climate Initiative (Int'l)
Petrobras,Oil and Gas Climate Initiative
Date: 2018-01-31
In Brazil, Rio de Janeiro-headquartered Petrobras to is reporting it is joining the Oil and Gas Climate Initiative (OGCI), a CEO-led group of oil and gas companies that intends to lead the industry's response to climate change and reduce greenhouse emissions. OGCI existing members include BP, CNPC, Eni, Pemex, Repsol, Saudi Aramco, Shell, Statoil and Total.

The OGIC's billion-dollar investment arm -- OGCI Climate Investments -- supports the development, deployment and scale-up of low emissions technology. Taken together, oil and gas production by OGCI member companies represents more than a quarter of the world’s oil and gas production.

Petrobras, headquartered in Brazil, is a publicly-held company active in exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuel segments. It has a presence in 19 countries and employees around 70,000 people. (Source: Petrobras, MarEx, Others, 28 Jan., 2018) Contact: Petrobras , Pedro Parente, CEO, sac@petrobras.com.br, www.petrobras.com; Oil and Gas Climate Initiative, www.oilandgasclimateinitiative.com

More Low-Carbon Energy News GHGs,  Climate Change,  Carbon Emissions,  Petrobras,  Oil and Gas Climate Initiative ,  


Mexican Oil Giant Commits to CO2 Emissions Cuts by 2021 (Int'l)
Pemex
Date: 2017-11-01
In Mexico City, Petroleos Mexicanos (PEMEX), the state-owned oil company reports it intends to cut its carbon dioxide (CO2) emissions by 25 pct by 2021, according to a company release.

PEMEX' 2017-2021 Business Plan includes curbs on greenhouse gases, increasing water recycling by 60 pct to save water at its refineries, and promoting an ecological corridor in the oil rich Gulf state of Veracruz, the company said.

Pemex had a total asset worth of $415.75 billion, and was the world's second largest non-publicly listed company by total market value in 2006 and Latin America's second largest enterprise by annual revenue as of 2009, surpassed only by the Brazilian National Oil Company, Petrobras. With the value of its publicly listed shares totaling $202 billion in 2010, representing approximately one quarter of the company's total net worth. The company has a total revenue of $117.5 billion in revenue in 2014. (Source: PEMEX, PR, CEO, Xinhua, 29 Oct., 2017) Contact: PEMEX, Jose Antonio Gonzalez Anaya, CEO, www.pemex.com/en

More Low-Carbon Energy News Pemex,  CO2 Emissions,  Climate Change,  

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