- Key Market Prices
- WTI Closes Lower, Settling at US$108.34
- Fuels & Processing
- ADM Acquires Missouri-Based Biodiesel Facility
- ‘N-Viro’ System in Final Phase of Fuel Launch
- Shaw, Axens to License Next-Gen Fluidized Catalytic Cracking Technology
- Savage, KCS Partner to Develop Crude-by-Rail Terminal on U.S. Gulf Coast
- AGE Refining Could Soon Have New Owner
- ‘Micro-GTL’ Could Help Cut Gas-Flaring GHG: GE Study
- Electric Power
- Fluor Wins PV Solar Power Plant Project in Arizona
- Global Smart Grid Federation Touts New IEA Road Map
- Transportation & Logistics
- U.S. Consumer Study: EV Prices Must Fall to Grab More Buyers
- Warren Energy Group Joins Alliance AutoGas
Fuels & Processing
Archer Daniels Midland Co. officials on April 5 announced plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride, Inc., a new-generation producer cooperative. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.
Officials with N-Viro International Corp. announced April 5 that the company is in its final phase of the mobile energy system launch to generate “N-Viro Fuel.” The alternative fuel system will facilitate the collection of data vital for permitting and further demonstrate N-Viro Fuel in a commercial setting, according to the company.
Officials with the Shaw Group, Inc. and Axens have been selected by technology developers to license a next-generation catalytic cracking technology that “will help refiners maximize the production of propylene and other high-value refinery products,” according to the companies.
Officials with the Savage Cos. (Savage) and Kansas City Southern (KCS) announced April 1 that they have entered into a joint development agreement in which Savage intends to construct, own and operate a large multi-user rail terminal in Port Arthur, Texas, on property owned by Kansas City Southern Railway Co. (the terminal).
San Antonio-based AGE Refining may be announcing a new owner soon as a hearing was held April 4 to approve the sale of AGE to a prospective buyer. The company has been operating in Chapter 11 bankruptcy for just more than a year.
Natural gas flaring and venting has been fingered as among the world’s worst “global warming” culprits – prompting some countries and oil companies to put a stop to it.
Subsidizing the conversion of all the tractor-trailer diesel trucks in the U.S. to compressed natural gas (CNG) or liquefied natural gas (LNG) as proposed by CNG/LNG seller T. Boone Pickens would cost U.S. taxpayers at least US$320 billion, according to a recent news report.
Key Market Prices
Texas-based Fluor announced April 4 that it won a construction contract from SunPower Corp. for the “Copper Crossing” 20-megaWatt photovoltaic (PV) solar power plant on 144 acres of formerly private agricultural land in Pinal County, Ariz.
The Global Smart Grid Federation (GSGF) – which includes seven national, smart-grid organizations from the U.S., Japan, Korea, India, Australia, Canada and Ireland – on April 4 hailed the release of the International Energy Agency’s (IEA’s) Technology Roadmap on Smart Grids released at the Clean Energy Ministerial meeting in Abu Dhabi.
Transportation & Logistics
A new study of U.S. consumers by Connecticut-based Gartner Inc. finds that while 21% would consider an electric vehicle (EV) in their next purchase, about 33% don’t want to pay more for an EV than they would pay for a similar gasoline-powered car.
Warren Energy Group, Inc. has joined Alliance AutoGas, the national alternative fuel vehicle and conversion network, to bring propane autogas to fleets in key western markets, including Las Vegas and Salt Lake City.
Margins & Economics
Preliminary forecasts predicted an increase in U.S. crude inventories and a drop in gasoline and distillate stockpiles in the week ended April 1.
NYMEX light sweet crude for May delivery finished at $108.34 per barrel (/bbl), down 13¢ on April 5, as unrest in Libya and the Middle East continued to fuel supply fears and provide underlying support.
World leaders from more than 150 nations gathered for the first General Assembly of the International Renewable Energy Agency (IRENA) April 4 and 5 in Abu Dhabi.