NENE and NREL announced improvement in manufacturing technique that should lead to higher speed, lower costs, greater durability for see-through solar window tech. Still how far away from revs?
OPEC kept future crude prod at current 30mb/d at least week's meet, with attempts to reduce 1.6mb/d excess prod. Leaves Sauds to decide whether to influence prices or not by adjusting output. The rest are at full prod to maintain state budgets. Iran, Iraq forming alliance w/in OPEC.
Japan ordered restart of 2 reactors - the 1st back online. They also approved FIT for clean E that could expand revs >$30B by '16. Utilities to pay $.53/kwh for solar elgen - 2x Germany's, 3x China's. Wind tariff $.27 v. Germany's 6. Est. clean E capac will increase to 22GW by 2Q13, up from 19.5GW now. 2GW for solar. Also predict solar capac to jump to 19GW by '16 from ~5GW now. Wind capac may reach 7.6GW.
EPA predicted compliance with new soot standards could cost as little as $3M. Anticipated benefits $88M/y. Fully in force by '20.
Denmark, China to sign green tech trade agreement.
Regulator: design flaws led to San Onofre nuke plant problems. Standardize next-gen nukes. Get it together.
India's Jammu and Kashmir committed to adding 8GW of hydro in next decade.
Insurers refusing to cover import of basic goods, even food, into Greece. Gotta feel for our Greek neighbors and friends.
IEA thinks global oil prod running ~2mb/d above demand in current Q.
Iraq, Jordan to discuss proposed NG pipeline next month.
Kinder Morgan $215M pipeline now in service to carry up to 300kb/d Eagle Ford shale oil to Gulf coast.
Apache announced "best unconventional NG reservoir in N Am" in Neast BC. Enough gas to match Canada's entire current output for almost a decade.
2 Exxon shalegas wells in Poland failed to yield profitable enough flows. Search ended.
Scot govt turned down 30-turbine wind farm in Highlands.
S Sudan anticipating funding from Japan comp for oil pipeline to E Africa coast.
Total said workers have returned to oil rig that leaked NG into N Sea off Scotland.
EPA gave final approval to move forward with sale of E15 blends.
EPA being sued jointly by Am Fuel/Petrochem Mnfctrs and Western States Petrol Ass over cellulosic blending mandates. EPA had denied waiver for '11. Why can't we just figure this stuff out and work together?
Piedmont Biofuels to open NC enzymatic biodiesel refinery. Working with 3-yr $1.2M DOE grant. Partnered with Novozymes (Denmark).
Ohio State U got $5.7M ARPA-E grant for sorghum, guayale research for biofuels.
China's Shengquan Group finalized $100M investment in Novozymes, preparing to supply Chinese plant with enzymes tech. Be careful, Novozymes. Remember AMSC. Will use corncob xylose to make furfural which gets developed into resin for foundry industry.
Argentina to challenge Spain at WTO over biodiesel law.
Exxon signed deal to help Rosneft develop huge Siberian shale reserves. Bazhenov 80x Bakken.
Japan will provide insurance to Iranian tankers bringing oil to Japan when EU sanctions take effect. Up to $7.6B/tanker. Well, countries do what they need to do, I guess. Some ally.
Monday, June 18, 2012
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