- Key Market Prices
- WTI Settles US$1.55/bbl Lower
- Fuels & Processing
- India’s Bina Refinery to Begin Production by February 15
- EU Study Challenges Notion that Biofuels Crops Cut Net CO2
- IFQC Special Report on Marine Fuel Switching
- Expansion Completed at Iran’s Iman Khomeini Refinery
- Derailed Freight Train Carrying Ethanol Causes Explosion, Fire
- Electric Power
- ADA Technologies Receives US$70K for R&D from U.S. Army
- Fuel Cell and Hydrogen Industries on Growth Path: Report
- Sunverge Launches Solar Micro-Grid Scheme in Housing Project
- India’s Diesel-Powered Cell Towers Receiving Hybrid-Power Help
- GE, Fuji Team-Up on Smart Grids in Japan
- Transportation & Logistics
- Quantum to Supply NG Storage for Heavy-Duty Trucks
- Margins & Economics
- NYMEX WTI-ICE Brent Spread Widens Again
Fuels & Processing
Bina Refinery, a joint venture of Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Company, will begin commercial production by the middle of this month, according to a company official and reported in The Telegraph (India).
The claim that crop-based biofuels represent a net carbon sink, because carbon is returned to the soil by subsequent crops isn’t holding up, according to scientists reporting on the European Commission-funded “EU CarboEurope” project.
International Fuel Quality Center (IFQC) analysts have issued a Special Report for members on Marine Fuel Switching to Comply with Sulfur Emissions Limits - Problems and Solutions.
With the expansion to Iran’s Iman Khomeini refinery in Shazand completed, the country’s oil minister Masoud Mirkazemi claimed that the facility is the largest refinery in the Middle East.
The Associated Press reported that several tanker cars carrying ethanol continued to burn late February 6 after a freight train derailed and caused an explosion in northwest Ohio. No injuries were reported after about half the cars on the 62-car train derailed in a rural area about 50 miles south of Toledo, Capt. Jim Breyman of the Arcadia Fire Department said in the AP report.
CRI/Criterion, which just acquired an exclusive global technology license from Gas Technology Institute for the novel “IH2” biomass-based fuel technology, estimates that it will be ready to offer the technology broadly to refiners and others by mid-2014, following earlier trials with “first adopters.”
Key Market Prices
Executives with Denver-based ADA Technologies, Inc. February 7 announced that they received a US$70,000 contract from the U.S. Army for Phase I research into the development of advanced electrochemical ultracapacitor systems for use in hybrid electronic vehicles (HEVs) for high power military applications.
Despite the global economic recession, the fuel cell industry recorded revenues of more than US$750 million in 2010, according to Pike Research.
California-based Sunverge Energy announced February 1 the launch of its “Solar Integration System” (SIS) in a micro-grid covering 34 single-family homes in a new housing project in Sacramento, Calif.
India’s two billion liters per year of diesel fuel consumption used to power cell-phone towers not only results in huge carbon-dioxide emissions, but it also isn’t energy-efficient.
GE and Fuji Electric jointly announced February 1 they’re launching a joint venture to design, build, market and service new “smart grid” electric meters.
Transportation & Logistics
Quantum Fuel Systems Technologies Worldwide, Inc., an alternative energy firm based in Irvine, Calif., has signed a contract with a Utah-based natural gas vehicle (NGV) integrator to supply a series of large capacity, NGV tanks that will allow medium- and heavy-duty trucks to carry more on-board fuel and operate for greater distances.
Margins & Economics
NYMEX light sweet crude for March delivery closed at US$87.48 per barrel (/bbl), down $1.55 on February 7, with concern that supplies through the Suez Canal may be affected by the Egyptian unrest.
The European Commission announced February 3 that it just concluded talks with members of the European Parliament and other advisors about organizing its efforts to pressure International Maritime Organization (IMO) to adopt tough limits on ship carbon dioxide (CO2) emissions at upcoming IMO meetings.