Louisiana Light • 2 days | 73.02 | -0.64 | -0.87% | |||
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | |||
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% | |||
Mars US • 321 days | 75.54 | -1.36 | -1.77% | |||
Gasoline • 14 mins | 2.059 | -0.001 | -0.03% |
Bonny Light • 31 days | 78.62 | -2.30 | -2.84% | |||
Girassol • 31 days | 79.56 | -1.80 | -2.21% | |||
Opec Basket • 2 days | 73.65 | +0.08 | +0.11% |
Peace Sour • 8 hours | 66.88 | -0.08 | -0.12% | |||
Light Sour Blend • 8 hours | 66.13 | -0.08 | -0.12% | |||
Syncrude Sweet Premium • 8 hours | 70.88 | -0.08 | -0.11% | |||
Central Alberta • 8 hours | 67.88 | -0.08 | -0.12% |
Eagle Ford • 2 days | 67.39 | -0.28 | -0.41% | |||
Oklahoma Sweet • 2 days | 67.50 | -0.25 | -0.37% | |||
Kansas Common • 3 days | 58.02 | +1.10 | +1.93% | |||
Buena Vista • 3 days | 77.67 | +1.10 | +1.44% |
Crude oil prices ticked higher…
The AI boom is driving…
UOP LLC, a subsidiary of Honeywell, are involved in developing the technology necessary for the refining, petrochemical, gas processing, and hydrogen industries, and are particularly focussed on developing technology to convert natural oils and plant biofuels into usable fuels. They have just recently signed an agreement to license its Honeywell Green Diesel to Emerald Biofuels LLC. Emerald produce transportation fuels, but specialise in constructing renewable diesel refineries.
Emerald will build a facility in Louisiana which will use non-edible, second generation oils and animal fats to produce about 85 million gallons of green diesel per year using UOP/Eni Ecofining technology.
The technology which was jointly developed by UOP and Eni SpA can create a biofuel which has far higher performance levels than other biofuels or petroleum-based diesels. It has a cetane value (A measure of the combustion quality; the higher the value, the more efficient the combustion.) of 80 compared with the normal 40-60 of petroleum diesel.
The biofuel contains an excellent energy density, works well in both cold and warm temperatures, and reduces carbon emissions by 80 percent compared to petroleum-based diesel.
Honeywell’s Green Diesel is considered a drop-in replacement for traditional diesel, being chemically identical to petroleum-based diesels. This means that it can be added in any proportion to existing fuel tanks without any need for modification.
By. Joao Peixe of Oilprice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com