ENERGY AND FEEDSTOCKS

EU Agrees to Pump Billions of Dollars into CCS and Renewables

February 5, 2010 | Alex Scott

A committee representing European Union (EU) member states has accepted a European Commission proposal to direct funds raised from the region’s emissions trading scheme (ETS) into projects for carbon capture and storage (CCS), and renewable fuels and...


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ZeaChem Scales-up Biomass-to-acetic Acid Process

ZeaChem (Lakewood, CO), a bioprocessing firm, says it has successfully tested a fermentation process for manufacturing acetic acid from renewable biomass to a scale of 5,000 liters, up from laboratory scale of 0.5 liters. The production of acetic acid is the...

Petchem Profits Soar at Oil Majors

ExxonMobil's chemical earnings more than tripled in the fourth quarter. Recovery at CP Chem lifts results at Chevron and ConocoPhillips....

Algal Systems Less Efficient than Corn for Generating Fuels

Using algae for generating biomass energy is less efficient than using switchgrass, canola or corn, uses more water, and requires more inputs, according to a University of Virginia (Chartlottesville, VA) study published in a recent edition of the journal...

Weekly Round-Up, January 29: Earnings Rebound

U.S. diversified chemical firms saw relatively strong earnings in the fourth-quarter of 2009. DuPont, Praxair, and Air Products saw profits of $402 million, $340 million, and $252 million, respectively, in the final quarter of last year. U.S. specialties...

Novozymes Grows in 2009, Expects a Boost from U.S. Biofuels in 2010

Novozymes (Copenhagen), an enzymes technology firm, says its operating profit for fourth quarter 2009 increased 16% to DKr 431 million ($81 million), compared to the year-ago period, with corresponding sales up 7% to DKr 2.2 billion. Operating profit margin...

Air Products to Supply LNG Technology to Chevron Australia JV

Chevron Australia, a subsidiary of Chevron, says it will use Air Products’ liquefied natural gas (LNG) process technology and equipment for three process trains at its joint venture, called the Gorgon Project, at Barrow Island, Australia, to produce up...

Williams Merges Two Affiliates in $12-Billion Deal

Natural gas exploration and production company Williams Co. (Tulsa, OK) says it will restructure operations by merging two of its natural gas pipeline and energy-processing affiliates, Williams Partners and Williams Pipeline Partners. The restructuring is...

Pequiven Details Operational Changes in Response to Power Rationing

Venezuela’s state petrochemical company Pequiven (Caracas) says it will continue operations at its three major petrochemical complexes, although it is studying the possibility of planned shutdowns for certain product lines, focusing on those with enough...

Canadian Researchers Develop Iron Cataysts for Fuel Cells

Researchers at the Institut National de la Recherche Scientifique, Énergie, Matériaux et Télécommunication (Varennes, PQ) say they are developing fuel cell catalysts based on iron instead of platinum. Commercial fuel cells based on...

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