August 19, 2010
Volume: 2
Issue: 159

Fuels & Processing

Shell Launches ‘Centera’ ULSD Catalyst in Asia-Pacific

Shell officials announced this month that they’ve launched marketing of “Centera” catalyst for Euro-5 (10 parts per million sulfur) ultra-low sulfur diesel (ULSD) production by Asia-Pacific refiners.

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Thailand Testing B10 Biodiesel Blends

Thailand’s Energy Business Department (EBD) is testing B10 (10% biodiesel) blends in an effort to reduce oil dependence, according to a report last week from the Bangkok Post.

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BP Refinery Product Pipeline from Whiting, Indiana, Refinery Said to Be Leaking

Officials within the Indiana Department of Environmental Management (IDEM) on August 18 confirmed in a discussion with Hart Energy local reports that a petroleum pipeline is leaking within the city limits of Hammond, Ind. Located in the area of the leak is a BP Plc. oil products pipeline from the BP Whiting refinery in adjacent Whiting, Ind.

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Feature

IEA: Global Oil Demand to Rise 1.6% in 2011

International Energy Agency (IEA) forecasters predict that global refinery crude throughputs will rise to 74.7 million barrels/day (b/d) in third quarter 2010, about 1.1 million b/d above 3Q 2009 levels.
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Key Market Prices

Key Market Prices

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Transportation & Logistics

China Car Sales Up 14% in 1H 2010

China car sales continue to score impressive gains, although not at the red-hot rates of some prior months or years, according to China Association of Automobile Manufacturers figures cited by Automotive News China.

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Funding from U.S. EPA, US Airways for Low-Emission Buses at Philadelphia Airport

The U.S. Environmental Protection Agency (EPA) August 18 awarded a US$475,669 grant to the Philadelphia International Airport to deploy eight highly efficient, low-emission, low-floor passenger buses into service at the airport, which will reduce air pollution and improve air quality.

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New Association Formed in China to Develop EV Technology

In China, a new association formed including 16 centrally managed state-owned enterprises, including China FAW Group, the Dongfeng Motor Corp. and Chongqing Changan Automobile Co.

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Electric Car Possible for Sri Lanka

The Mahindra Group, a leading business group in India, said August 17 that it plans to introduce new models in the Sri Lankan automobile market, including an electric vehicle, according to the Deccan Herald (Sri Lanka).

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GM, SAIC Ink Low-CO2 Powertrain Deal

General Motors (GM) and SAIC officials announced August 17 a powertrain co-development agreement including new small-displacement, turbocharged, direct-injection gasoline engines.

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Ford, Detroit Edison Team on ‘Green’ EV Power Scheme

Ford, Detroit Edison and Xtreme Power officials this month unveiled a scheme for producing “green” electric power for electric vehicle (EV) recharge at a Ford assembly plant in Wayne, Mich.

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Margins & Economics

EU Investigates U.S. Biodiesel Exports

According to media reports, the European Union reported on August 12 that it has started an investigation of shipments of U.S. biodiesel to Europe in order to determine if the anti-dumping measures the government instigated last year are effective or are being circumvented.

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PetroAlgae ‘Shocks’ Market by Filing IPO

PetroAlgae Inc. announced August 11 that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to its proposed public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

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Crude Futures Close Lower on Conflicting Oil Inventory Data

Crude oil futures settled lower August 18 on conflicting oil-inventory data from the Energy Department's Energy Information Administration and from the American Petroleum Institute

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Public Policy

U.S. President Continues to Push Carbon Limits

At a fundraiser held August 17 in Los Angeles, President Obama used the occasion to discuss placing limits on greenhouse gas emissions; despite the fact that no legislation is likely to make it through Congress this year.

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U.S. Navy Secretary: We Can Provide the Market for Renewable Fuels

U.S. Navy Secretary Ray Mabus explained his vision to slash the Navy and Marine Corps’ dependence on fossil fuels during an appearance earlier this week at San Francisco’s Commonwealth Club, The New York Times reported.

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