An Overview of Biodiesel and Petroleum Diesel Life Cycles
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General Characteristics of the Petroleum Industry and Its Price Problems
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Price Research in the Steel and Petroleum Industries Volume Author/Editor: Committee on Price Research Volume Publisher: NBER Volume ISBN: 0-87014-189-9 Volume URL: http://www.nber.org/books/unkn39-3 Publication Date: 1939 Chapter Title: General Characteristics of the Petroleum Industry and Its Price Problems Chapter Author: Committee on Price Research Chapter URL: http://www.nber.org/chapters/c5803 Chapter pages in book: (p. 82 - 94) 82 PART TWO state at the outset some of the limits of our inquiry as we have conceived it. The industrial field covered is indicated in Chapter II. It might be summarily described as the whole sequence of processes from exploration for oil to the deliv- ery of refined petroleum products to consumers. Within this field we have conceived it to be our respon- sibility not only to canvass the available statistical data upon current prices and costs (Chapter III), but also to examine critically the meaning, adequacy and reliability of these data and to suggest ways in which they might well be supplemented (Chapter IV). As we understand it, we were not called upon to make detailed investigations or tests of existing price information to verify our judgment of its character. Much less was it within our conception of the assignment to attempt the assembly of any concrete data not now available. Nor were we charged with making new applications of such data as we now have. In Chapter V we confine ourselves simply to outlining certain projects of inquiry which in our judgment should prove fruitful, and the more fruitful so far as the statistics of the industry's operations are made more adequate and reliable by sup- plementing existing compilations along the lines suggested in Chapter IV. -
Oil Shale and Tar Sands
Fundamentals of Materials for Energy and Environmental Sustainability Editors David S. Ginley and David Cahen Oil shale and tar sands James W. Bunger 11 JWBA, Inc., Energy Technology and Engineering, Salt Lake City, UT, USA 11.1 Focus 11.2 Synopsis Tar sands and oil shale are “uncon- Oil shale and tar sands occur in dozens of countries around the world. With in-place ventional” oil resources. Unconven- resources totaling at least 4 trillion barrels (bbl), they exceed the world's remaining tional oil resources are characterized petroleum reserves, which are probably less than 2 trillion bbl. As petroleum becomes by their solid, or near-solid, state harder to produce, oil shale and tar sands are finding economic and thermodynamic under reservoir conditions, which parity with petroleum. Thermodynamic parity, e.g., similarity in the energy cost requires new, and sometimes of producing energy, is a key indicator of economic competitiveness. unproven, technology for their Oil is being produced on a large commercial scale by Canada from tar sands, recovery. For tar sands the hydrocar- and to a lesser extent by Venezuela. The USA now imports well over 2 million barrels bon is a highly viscous bitumen; for of oil per day from Canada, the majority of which is produced from tar sands. oil shale, it is a solid hydrocarbon Production of oil from oil shale is occurring in Estonia, China, and Brazil albeit on called “kerogen.” Unconventional smaller scales. Importantly, the USA is the largest holder of oil-shale resources. oil resources are found in greater For that reason alone, and because of the growing need for imports in the USA, quantities than conventional petrol- oil shale will receive greater development attention as petroleum supplies dwindle. -
The Petroleum Find: Its Possible Impact on the Agricultural Sector In
TheLawson Petroleum et al: Petroleum find: Find: possible Its impact Possible on the agricultural Impact sector in on Ghana the Agricultural45 Sector in Ghana: The Role of Soil Science I. Y. D. Lawson*, S. G. K. Adiku and S. K. A. Danso Department of Soil Science, School of Agriculture, College of Basic and Applied Sciences, University of Ghana, Legon, Accra *Corresponding author; E-mail: [email protected] Abstract The opportunities the petroleum industry present comes with challenges that Ghana needs not to overlook. It is globally accepted that petroleum find is usually associated with the economic situation dubbed “Dutch disease”, whereby, the over-expectation of rewards from oil revenues diminish the attention paid to other sectors of the economy. The paper examines the potential impacts of the petroleum discovery in Ghana on its agricultural sector and the role of soil science in minimizing adverse effects. The agricultural sector is likely to lose its recognition as the backbone of the economy due to the discovery of petroleum in commercial quantities and having recently been overtaken by the service sector. An impact of the oil find could be the high risk of the agricultural sector losing its potential labour force to the petroleum industry. There is also the fear of neglect of the agricultural sector in future similar to what happened in some countries that experienced petroleum boom. Oil spillage could pollute farmlands, and gas flaring without temperature or emission control could pollute the air and release unacceptably high levels of carbon dioxide and carbon monoxide into the atmosphere. There could be resettlement of farming communities and farmlands because of the fear of spillage and destruction of lands by oil and gas operations. -
Statoil ASA Statoil Petroleum AS
Offering Circular A9.4.1.1 Statoil ASA (incorporated with limited liability in the Kingdom of Norway) Notes issued under the programme may be unconditionally and irrevocably guaranteed by Statoil Petroleum AS (incorporated with limited liability in the Kingdom of Norway) €20,000,000,000 Euro Medium Term Note Programme On 21 March 1997, Statoil ASA (the Issuer) entered into a Euro Medium Term Note Programme (the Programme) and issued an Offering Circular on that date describing the Programme. The Programme has been subsequently amended and updated. This Offering Circular supersedes any previous dated offering circulars. Any Notes (as defined below) issued under the Programme on or after the date of this Offering Circular are issued subject to the provisions described herein. This does not affect any Notes issued prior to the date hereof. Under this Programme, Statoil ASA may from time to time issue notes (the Notes) denominated in any currency agreed between the Issuer and the relevant Dealer (as defined below). The Notes may be issued in bearer form or in uncertificated book entry form (VPS Notes) settled through the Norwegian Central Securities Depositary, Verdipapirsentralen ASA (the VPS). The maximum aggregate nominal amount of all Notes from time to time outstanding will not exceed €20,000,000,000 (or its equivalent in other currencies calculated as described herein). The payments of all amounts due in respect of the Notes issued by the Issuer may be unconditionally and irrevocably guaranteed by Statoil A6.1 Petroleum AS (the Guarantor). The Notes may be issued on a continuing basis to one or more of the Dealers specified on page 6 and any additional Dealer appointed under the Programme from time to time, which appointment may be for a specific issue or on an ongoing basis (each a Dealer and together the Dealers). -
2020 ETHANOL INDUSTRY OUTLOOK 1 Focusing Forward, from Challenge to Opportunity
RENEWABLE FUELS ASSOCIATION RFA Board of Directors Neil Koehler RFA Chairman Pacific Ethanol Inc. www.pacificethanol.com Jeanne McCaherty Charles Wilson Geoff Cooper Rick Schwarck RFA Vice Chair RFA Treasurer RFA President RFA Secretary Guardian Energy LLC Trenton Agri Products LLC Renewable Fuels Association Absolute Energy LLC www.guardiannrg.com www.trentonagriproducts.com www.EthanolRFA.org www.absenergy.org Neal Kemmet Mick Henderson Brian Kletscher Bob Pasma Ace Ethanol LLC Commonwealth Agri-Energy LLC Highwater Ethanol LLC Parallel Products www.aceethanol.com www.commonwealthagrienergy.com www.highwaterethanol.com www.parallelproducts.com Ray Baker Scott Mundt Pat Boyle Delayne Johnson Adkins Energy LLC Dakota Ethanol LLC Homeland Energy Solutions LLC Quad County Corn Processors Coop. www.adkinsenergy.com www.dakotaethanol.com www.homelandenergysolutions.com www.quad-county.com Eric McAfee John Didion Seth Harder Dana Lewis Aemetis Inc. Didion Ethanol LLC Husker Ag LLC Redfield Energy LLC www.aemetis.com www.didionmilling.com www.huskerag.com www.redfieldenergy.com Randall Doyal Carl Sitzmann Kevin Keiser Walter Wendland Al-Corn Clean Fuel LLC E Energy Adams LLC Ingredion Inc. Ringneck Energy LLC www.al-corn.com www.eenergyadams.com www.ingredion.com www.ringneckenergy.com Erik Huschitt Bill Pracht Chuck Woodside Brian Pasbrig Badger State Ethanol LLC East Kansas Agri-Energy LLC KAAPA Ethanol Holdings LLC Show Me Ethanol LLC www.badgerstateethanol.com www.ekaellc.com www.kaapaethanol.com www.smefuel.com Jim Leiting Jason Friedberg -
Press Release
Press Release First quarter 2021 results With results of more than $3 billion, Total fully benefits from rebound in hydrocarbon prices LNG and renewables represent one-third of results Change Change 1Q21 1Q20 1Q19 vs 1Q20 vs 1Q19 Oil price - Brent ($/b) 61.1 50.1 +22% 63.1 -3% Average price of LNG ($/Mbtu) 6.1 6.3 -4% 7.2 -16% Variable cost margin - Refining Europe, VCM ($/t) 5.3 26.3 -80% 33.0 -84% Adjusted net income (Group share)1 - in billions of dollars (B$) 3.0 1.8 69% 2.8 +9% - in dollars per share 1.10 0.66 +68% 1.02 +8% DACF1 (B$) 5.8 4.3 +34% 6.3 -8% Cash Flow from operations (B$) 5.6 1.3 x4.3 3.6 +54% Net income (Group share) of 3.3 B$ in 1Q21 Net-debt-to-capital ratio of 19.5% at March 31, 2021 vs. 21.7% at December 31, 20202 Hydrocarbon production of 2,863 kboe/d in 1Q21, a decrease of 7% compared to 1Q20 First 2021 interim dividend set at 0.66 €/share 2 Paris, April 29, 2021 - The Board of Directors of Total SE, meeting on April 28, 2021, under the chairmanship of Chairman and Chief Executive Officer Patrick Pouyanné, approved the Group's first quarter 2021 accounts. On this occasion, Patrick Pouyanné said: « In the first quarter, the Group fully benefited from rising oil and gas prices, up 38% and 24%, respectively quarter-to- quarter, and its strategy to grow LNG and Renewables and Electricity. -
Well-To-Wheels Analysis of Biofuels and Plug-In Hybrids
Well-to-Wheels Analysis of Biofuels and Plug-In Hybrids Michael Wang Center for Transportation Research Argonne National Laboratory Presentation at the Joint Meeting of Chicago Section of American society of Agricultural and Biological Engineers And Chicago Section of Society of Automotive Engineers Argonne National Laboratory, June 3, 2009 The Transportation Sector: Dual Challenges, Dual Approaches Challenges Greenhouse gas emissions – climate change Oil use – energy security Approaches Vehicle efficiency (and transportation system efficiency) New transportation fuels 2 US Greenhouse Gas Emission Shares by Source Pipelines 2% Rail Other 3% 0% Water Commercial 8% 18% Transportation Air 33% 8% Light Duty Residential 59% 21% Heavy Trucks & Buses 20% Industrial 28% 2006 GHG Emissions (CO2 Eqv) 2006 GHG Emissions (CO2 Eqv) Annual US total GHG emissions are 5.6 GT of CO2e 3 U.S. Petroleum Production and Consumption, 1970-2030 20 18 16 Air U.S. Production Rail 14 Marine Off-Road 12 Heavy Trucks 10 8 Light Trucks 6 Million barrelsday per Million 4 2 Cars 0 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 Sources: Transportation Energy Data Book: Edition 27 and projections from the Early Release Annual Energy Outlook 2009. Coal-Based Fuels Pose a Trade-Off Between Energy Security and GHG Emissions 2 Petroleum Use Petroleum 1 Gasoline ICE Diesel ICE Gasoline HEV Diesel HEV Coal-based fuels Coal-based fuels, CCS No CCS Biomass-based fuels LPG Sugarcane-EtOH DME Corn-EtOH NG-DME H2 BD NG-H2 CNG FTD DME FTD MeOH 0 MeOH EV: CA -
Elementary Energy Infobook, Biomass
Biomass Biomass is anything that is alive. It is also anything that was alive a short time ago. Trees, crops, garbage, and animal waste are all biomass. Most of the biomass we use for energy today is wood. We burn wood to make heat. Biomass gets its energy from the sun. Plants store the sun’s energy in their leaves and roots. When we eat biomass, we use the energy to move and grow. When we burn biomass, we use the energy to make heat. We can also change the energy in biomass into gas and liquid fuels. Crops are biomass. Biomass is Renewable Biomass energy is renewable, which means more biomass can be made in a short time. We can always grow more plants. We should plant new trees when we cut down old ones for wood. We also need to take care of the soil in which our crops grow. We Use Biomass Every Day People and animals get their energy from biomass. The energy in everything we eat comes from plants. Bread is made from wheat, a plant. Hamburgers are made from beef, which came from cows that ate grass and grain. Until about 150 years ago, biomass gave people most of the energy they used. The cave dwellers and settlers burned wood for heat. They burned wood to cook food. In many poor countries, wood is still used for most energy needs. People also burn corn cobs and straw. In places without trees, people burn the waste from cows and pigs. ©2020 The NEED Project Elementary Energy Infobook www.NEED.org 1 ©2020 The NEED Project Elementary Energy Infobook www.NEED.org 1 Electricity Biomass can be used to make electricity. -
Future Strategies for Promoting Tourism and Petroleum Heritage in Khuzestan Province, Iran
Future strategies for promoting tourism and petroleum heritage in Khuzestan Province, Iran Sahar Amirkhani, Neda Torabi Farsani and Homa Moazzen Jamshidi Abstract Sahar Amirkhani and Purpose – Industrial tourism not only strives to preserve industrial heritage, but can also be a strategy for being Neda Torabi Farsani are both familiar with the history of industry and attracting tourists to new destinations. This paper examines the issue of based at the Department of promoting petroleum industrial tourism in the case of Khuzestan, Iran. The research aims at determining Museum and Tourism, Art appropriate strategies for promoting petroleum industrial tourism. University of Isfahan, – Design/methodology/approach The data were analysed through a strengths, weaknesses, opportunities, Isfahan, Iran. and threats (SWOT) model. Homa Moazzen Jamshidi is Findings – The results revealed the competitive strategy as the best. Lastly, strategies such as: concentric based at the Department of diversification, joint venture strategy, conglomerate diversification and horizontal diversification were proposed Economics and Arts as key solutions. The results support the view that establishing an exploratory ecomuseum in the territory of Entrepreneurship, Art Khuzestan Province can be a suitable concentric diversification strategy towards petroleum industrial sustainable tourism in the future. University of Isfahan, Originality/value – The main originality of this paper includes linking tourism with the petroleum (oil and natural Isfahan, Iran. gas) industry -
Fuel Properties Comparison
Alternative Fuels Data Center Fuel Properties Comparison Compressed Liquefied Low Sulfur Gasoline/E10 Biodiesel Propane (LPG) Natural Gas Natural Gas Ethanol/E100 Methanol Hydrogen Electricity Diesel (CNG) (LNG) Chemical C4 to C12 and C8 to C25 Methyl esters of C3H8 (majority) CH4 (majority), CH4 same as CNG CH3CH2OH CH3OH H2 N/A Structure [1] Ethanol ≤ to C12 to C22 fatty acids and C4H10 C2H6 and inert with inert gasses 10% (minority) gases <0.5% (a) Fuel Material Crude Oil Crude Oil Fats and oils from A by-product of Underground Underground Corn, grains, or Natural gas, coal, Natural gas, Natural gas, coal, (feedstocks) sources such as petroleum reserves and reserves and agricultural waste or woody biomass methanol, and nuclear, wind, soybeans, waste refining or renewable renewable (cellulose) electrolysis of hydro, solar, and cooking oil, animal natural gas biogas biogas water small percentages fats, and rapeseed processing of geothermal and biomass Gasoline or 1 gal = 1.00 1 gal = 1.12 B100 1 gal = 0.74 GGE 1 lb. = 0.18 GGE 1 lb. = 0.19 GGE 1 gal = 0.67 GGE 1 gal = 0.50 GGE 1 lb. = 0.45 1 kWh = 0.030 Diesel Gallon GGE GGE 1 gal = 1.05 GGE 1 gal = 0.66 DGE 1 lb. = 0.16 DGE 1 lb. = 0.17 DGE 1 gal = 0.59 DGE 1 gal = 0.45 DGE GGE GGE Equivalent 1 gal = 0.88 1 gal = 1.00 1 gal = 0.93 DGE 1 lb. = 0.40 1 kWh = 0.027 (GGE or DGE) DGE DGE B20 DGE DGE 1 gal = 1.11 GGE 1 kg = 1 GGE 1 gal = 0.99 DGE 1 kg = 0.9 DGE Energy 1 gallon of 1 gallon of 1 gallon of B100 1 gallon of 5.66 lb., or 5.37 lb. -
1 the Renewable Fuel Standard Program: Measuring the Impact on Crude Oil and Gasoline Prices Philip K. Verleger, Jr.1 This Paper
The Renewable Fuel Standard Program: Measuring the Impact on Crude Oil and Gasoline Prices Philip K. Verleger, Jr.1 This paper examines the impact of the Renewable Fuel Standard program (RFS) on crude oil and gasoline prices. The RFS program was enacted fourteen years ago in 2005, but the particular focus of this paper is on the period from 2015 to 2018. The conclusions offered from this research are that the RFS program has provided economic benefits to consumers in the United States and worldwide. Retail gasoline prices are lower thanks to the program. The findings from an econometric model show that the savings to consumers resulting from the RFS averaged $0.22 per gallon from 2015 through 2018. Quantifying the Benefits of Renewable Fuels The first and most obvious benefit from renewables lies in the price of crude oil. The blending of approximately one million barrels per day of ethanol into U.S. motor fuels over the 2015 through 2018 period has lowered the average price of crude by $6 per barrel. This reduction has cut the retail gasoline price by $0.22 per gallon from the level that would have obtained absent the presence of ethanol in the motor gasoline supply. The lowering of gasoline prices confers a second benefit on consumers. Because gasoline demand is price inelastic, consumers have been able to allocate a smaller percentage of their total consumption budget to fuel purchases. This has allowed them to expend more on other goods. Over four years, US consumers have been able to spend almost $90 billion per year more on other goods because of gasoline prices being pulled down by renewable fuel use. -
Process Technologies and Projects for Biolpg
energies Review Process Technologies and Projects for BioLPG Eric Johnson Atlantic Consulting, 8136 Gattikon, Switzerland; [email protected]; Tel.: +41-44-772-1079 Received: 8 December 2018; Accepted: 9 January 2019; Published: 15 January 2019 Abstract: Liquified petroleum gas (LPG)—currently consumed at some 300 million tonnes per year—consists of propane, butane, or a mixture of the two. Most of the world’s LPG is fossil, but recently, BioLPG has been commercialized as well. This paper reviews all possible synthesis routes to BioLPG: conventional chemical processes, biological processes, advanced chemical processes, and other. Processes are described, and projects are documented as of early 2018. The paper was compiled through an extensive literature review and a series of interviews with participants and stakeholders. Only one process is already commercial: hydrotreatment of bio-oils. Another, fermentation of sugars, has reached demonstration scale. The process with the largest potential for volume is gaseous conversion and synthesis of two feedstocks, cellulosics or organic wastes. In most cases, BioLPG is produced as a byproduct, i.e., a minor output of a multi-product process. BioLPG’s proportion of output varies according to detailed process design: for example, the advanced chemical processes can produce BioLPG at anywhere from 0–10% of output. All these processes and projects will be of interest to researchers, developers and LPG producers/marketers. Keywords: Liquified petroleum gas (LPG); BioLPG; biofuels; process technologies; alternative fuels 1. Introduction Liquified petroleum gas (LPG) is a major fuel for heating and transport, with a current global market of around 300 million tonnes per year.