Biofuels such as ethanol can simultaneously address these two problems, especially in countries with a natural vocation for sugarcane cultivation, such as Brazil and India, the two major producers of sugar. In this perspective, sugarcane bioethanol represents not only an alternative to petrol, but also a viable and efficient solution for one of the greatest global demands – the mitigation of the climate crisis.
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Prices for China’s biodiesel exports have been rising significantly, from less than 7,000 yuan (US$1,050) a tonne in January last year to a record high of over 12,000 yuan (US$1,723) in July this year. The average price in the first seven months of this year also exceeded 11,000 yuan. Biodiesel stocks have also done well on China’s own markets. The main reasons for this are the global trend towards low-carbon development and the Russo–Ukrainian war pushing oil prices higher.
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There has been growing interest in introducing a national low carbon fuel standard (LCFS) in the United States as a replacement for the current Renewable Fuel Standard (RFS). The RFS, a program that mandates increasing volumes of various types of biofuels over time, is not well defined by law after 2022 and has become politically divisive.
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The analysis demonstrates an abundance of untapped bioenergy in Southeast Asia, with at least 7.1 EJ of bioenergy per year by 2050 – in the five countries studied (Indonesia, Malaysia, Myanmar, Thailand and Vietnam). It also identifies immediate opportunities for adopting bioenergy in Southeast Asia’s energy markets, demonstrating the potential over the medium- and long-term horizons for sustainable biomass to economically meet 2.8 EJ of the energy demand served by fossil fuels.
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A transition to renewable methanol could expand methanol’s use as a chemical feedstock and fuel while moving industrial and transport sectors toward net carbon neutral goals. The cost of renewable methanol production is currently high and production volumes are low. But with the right policies, renewable methanol could be cost competitive by 2050 or earlier.
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Biodiesel market is small today at around 0.9 million b/d, meeting less than 1% of global oil demand and is used solely in road transport. But it’s going to grow faster than any other segment of oil demand, except perhaps petrochemicals.
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Energy giant, Total, has partnered with the Spanish developer Ignis to develop 3.3 GW of solar projects located close to Madrid and Andalusia to expand its presence in the Spanish electricity market. While the first solar projects in this portfolio are scheduled to start in 2022, all the projects are expected to be operational by 2025.
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ExxonMobil, one of the largest refiners and marketers of petroleum products, has signed an agreement with Global Clean Energy Holdings to source renewable diesel from a converted refinery in Bakersfield, California.
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At the Rencontres Économiques d’Aix-en-Provence, an economic forum attended by many organizations...
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