US offers conditional loans guarantees of up to $3 billion for two sustainable aviation fuels projects
The U.S. Department of Energy announced on Wednesday that it had approved conditional loan guarantees totaling almost $3 billion for two projects involving sustainable aviation fuel. Loan Programs Office of the agency said that the funding up to $1.44billion to Calumet would support its expansion in Montana. The facility will use vegetable oils, fats and greases in order to produce SAF (renewable diesel) and renewable naphtha.
US offers conditional loan of $1.56 billion for Indiana ammonia plant
The U.S. Department of Energy announced on Monday that it has granted Wabash Valley Resources a conditional guarantee of up $1,56 billion for the construction of a low-emissions production facility of ammonia in Indiana. It said that the project would use petcoke as a waste product from oil refining to produce 500,000 tons of ammonia per year and store carbon dioxide permanently underground. In a statement, DOE stated that the company must meet certain technical…
Occidental's 1PointFive receives funding up to $500 mln by US DOE
Occidental Petroleum’s carbon capture unit 1PointFive announced on Thursday that the U.S. Department of Energy’s Office of Clean Energy Demonstrations had committed up to 500 million dollars to support the development of the South Texas Direct Air Capture Hub (DAC). BlackRock, one of the largest asset managers in the world, had funded this facility previously. Occidental’s first large-scale DAC plant represents a pivotal trial in terms of economics for a technology…
Rural towns in New Mexico's arid region are looking to treated oil wastewater for a drought solution.
Stephen Aldridge, a pilot of a four-seater helicopter, could see a dozen lagoons filled with toxic waste glistening in the distance between drill rigs. The mayor of Jal, a tiny town nestled in the middle of U.S. Oil Country near the Texas border, saw the scene as a chance to find water for the state that is suffering from a worsening drought. Aldridge belongs to a growing number of New Mexico politicians that want to see the state develop regulations to allow the millions of gallons per day of produced water…
US mineral projects close down government loans in fear of Trump
U.S. battery and miner recyclers have been rushing to close billions-dollar government loans before January, out of fear that the former president Donald Trump, if elected, would block funding necessary to boost American production of vital minerals for energy transition. The falling prices of lithium, nickel, and other minerals this year, along with lower than expected EV sales have scared private financiers. This has put the conservative mining industry into an unusual position…
Meta Platforms signs geothermal energy agreement with Sage Geosystems for US data centers
Meta Platforms, the owner of Facebook, announced on August 26 that it had struck a deal with Sage Geosystems for up to 150MW of geothermal energy to power its U.S. Data Centers. The company is racing to develop infrastructure to support massive investments in artificial intelligence, which consumes a lot of energy. According to the social media firm, the first phase of the project is expected to be operational in 2027. It will "significantly" increase the use of geothermal energy in the United States.
Halliburton investigates cyber attacks with law enforcement
Halliburton, a leading U.S. oilfield service firm, said Friday that it was working with the law enforcement agencies to determine the scope of a breach in its computer system. It had not yet determined if this incident would have an impact on the company's business. In its first disclosure of the cyber breach, the $23 billion company said that it became aware of the attack on Wednesday. The company said that it has also taken certain systems off-line to protect them.
US offers conditional loan guarantees of $1.5 billion to Qcells in Georgia for solar plant
The U.S. Department of Energy announced on Thursday that it has made a conditional commitment of up $1.45 billion in loan guarantees to South Korea's Qcells for the company's Cartersville, Georgia solar manufacturing plant. The Loan Programs Office of the agency said that funding will help Qcells construct a $2.5 Billion facility to produce solar panels, as well as inputs such a cells, ingots, and wafers. The department stated that the factory could produce enough panels to cover half a million American homes per year.
Molten Salt Reactors: Maritime’s Nuclear Option
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion among leading marine-nuclear thinkers revolves now around how to put an ultra-modern, as-yet non-existent marine reactor aboard a modern commercial vessel. As with nuclear power generally, shipborne reactors produce national discussion first, then discovery.
Making Waves @ OSU: Energy Secretary, Senators, Governor tour Oregon State Wave Lab
U.S. Department of Energy Secretary Jennifer Granholm, Oregon U.S. Sens. Ron Wyden and Jeff Merkley and Oregon Gov. Kate Brown visited the O.H. Hinsdale Wave Research Laboratory at Oregon State University on Tuesday afternoon, with Granholm touting wave energy as “the elixir that we need” to address climate change by ending the nation’s reliance on fossil fuels.The visit was organized by OSU and the Pacific Marine Energy Center…
Geothermal Energy: Particle Gel could Solve Low Heat Production Efficiency
Geothermal energy comes from heated water or steam within the earth and provides a renewable source of energy to heat buildings and generate electricity. But many geothermal reservoirs also have an inherent problem – geological fractures that allow water to divert into other areas, cooling the water and the surrounding rock and limiting the efficiency of heat extraction from underground reservoirs. Researchers at Missouri…
From the Science Lab: Clean Energy Projects that Could Impact Maritime
As part of a $175M grant for 68 novel clean energy technology projects from the U.S. Department of Energy, these four offer promise in helping the maritime industry meet its decarbonization goals.Makai Ocean Engineering – Waimanalo, HIRemotely Installed Anchorages for Floating Offshore Wind and Other Offshore Renewables Cost Reduction -$849,951The Makai Ocean Engineering (Makai) team will develop novel mooring and anchoring methods to reduce the costs of offshore renewable energy.
BIMCO: All Eyes on US Gasoline; Will Demand Exceed 9.2M Bpd?
“Fill her up, son; unleaded. I need a full tank of gas where I'm headed,” former Police-front man, Sting, sang back in 1999 on his solo album Brand New Day. This country-inspired song could be the anthem for what is coming around next week, as Monday. May 31 is Memorial Day in the U.S., the day that kicks off “the U.S. driving season”. The season runs for about three months from Memorial Day to Labor Day on September 6, during which the Americans take to the road…
US Axes Environmental Reviews of LNG Marine Transport
The U.S. Department of Energy on Thursday issued a rule to exclude environmental reviews for marine transport of liquefied natural gas (LNG), as the Trump administration unleashes last minute rules supporting the fossil fuel industry.The rule, which the Energy Department issued in a pre-publication notice in the Federal Register, frees LNG transport license applications from including environmental reviews that have been required under a bedrock environmental law…
Autonomous Offshore Power Trials Get Underway off Hawaii
With the advent of autonomy on and under the water, part of the value proposition is the ability to stay at sea, on station, to exponentially increase efficiencies. Have the ability to repower at sea is central to this effort, as an increasing number of companies work to solve the inherent technical and logistic problems.Columbia Power Technologies (C-Power) is commencing a six-month sea trial to test and validate its SeaRAY autonomous offshore power system (AOPS), in partnership with a pair of powerhouses: the U.S.
Record Oil Output Cuts Fail to Make Waves in Coronavirus-hit Market
The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said.After several days of discussions, oil producing and consuming countries aim to remove nearly 20 million barrels per day (bpd) or 20% of global supply from the market, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday.The oil market has barely shrugged…
OES: Surge in Tidal Energy in 2020
The last annual report issued by Ocean Energy Systems (OES) highlights significant international investment including $25m pledged by the US Department of Energy (DOE) to support 12 ‘next-generation’ marine energy projects and Wave Energy Scotland committing $9.9 million in two wave energy machines next year.“In the last 12 months we have seen major progress with global tidal projects achieving extensive operating hours and wave technology progressing in large-scale laboratory and offshore test sites…
Trump Nominates Brouillette as New Energy Secretary
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department.If confirmed by the Senate, Brouillette will replace Rick Perry, who said last month he would step down by the end of the year. He is expected to keep advancing Trump's policy of maximizing oil…
Low on Labor?
How employers in the energy sector can address the labor shortageEarlier this year, the U.S. Department of Labor released data showing that the U.S. economy had 7.6 million unfilled jobs while only 6.5 million people were looking for employment. The energy sector is not immune to this phenomenon. In fact, the U.S. Department of Energy (DOE) Quadrennial Energy Review (QER) reports that, according to one study, the industry will “need 105…
Saudi Minister Commits to Output Cuts
Oil prices rose more than 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices.Prince Abdulaziz, son of Saudi King Salman and a long-time member of the Saudi delegation to the Organization of the Petroleum Exporting Countries (OPEC), replaced Khalid al-Falih on Sunday."The move is bullish for oil prices," Phil Flynn, an analyst at Price Futures Group in Chicago, said in a note.
