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Chemicals & Energy: Page 131
Bulk Chemical Production Expected to Fuel Industrial Energy Consumption Increases for Next 25 Years
The U.S. Energy Information Administration's annual energy outlook - which was released earlier this spring - anticipated that the industrial sector's energy demand would outpace all other sectors through 2040, and a just-released EIA report projected that bulk chemicals would account for a "large portion of both consumption and anticipated growth," with the value of chemical shipments increasing from $288bn in 2013 to $429bn in 2025.
Tanker Operators Tie Their Prosperity to Decreased Shale Oil Production, Boost in Oil Imports
How much U.S. shale oil production is taken out of service will be a key driver of future tanker shipping earnings, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Increases Predicted for Long-term Energy Costs
Although gas prices are temporarily low at the pump, long-term energy costs are on the rise. According to State of the World 2015 contributing author Nathan John Hagens, a former hedge fund manager who teaches human macro-ecology at the University of Minnesota, nations are papering over those costs with debt. Higher energy costs are leading to continued recessions, excess claims on future natural resources, and more-severe social inequality and poverty.
Use of Renewable Energy at Highest Rate in More Than 80 Years
In 2014, renewable energy accounted for 9.8 percent of total domestic energy consumption. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply.
Transportation Industry Drives Toward Non-Petroleum Energy
The transportation sector is moving away from oil slowly but surely. Driven by growth in the use of biofuels and natural gas, non-petroleum energy now makes up the highest percentage of total fuel consumption for transport since 1954, according to a new report from the U.S. Energy Information Administration (EIA).
Duke Energy-Genpact Data Capture Partnership
DB Schenker Launches Weekly Air Cargo Service
The jet cargo division of DB Schenker has launched a weekly air-cargo service linking Hong Kong with Chicago and Houston.
Plastics Market Expected to See Robust Growth, Job Openings Over Next Ten Years
The U.S. plastics industry is expected to grow rapidly over the next decade, fueled by cheap and abundant shale natural gas that's made it more competitive with overseas markets, according to a report by economists at the American Chemistry Council (ACC).
Climate Benefit of Natural Gas Trucks Limited if Methane Not Reduced in Overall Fuel Production, Study Says
Shifting from diesel fuel to natural gas to power the nation's heavy-duty commercial trucking sector would achieve widely promised climate benefits only if widespread emissions of heat-trapping methane across the natural gas value chain are reduced, according to a new study coauthored by researchers from Environmental Defense Fund (EDF) and published in the journal Environmental Science & Technology.
AspenTech Unveils Update of aspenONE App for Manufacturers
Aspen Technology Inc., a vendor of optimization software for the process industries, has made generally available version 8.8 of aspenONE Engineering and aspenONE Manufacturing and Supply Chain.
Cheap Natural Gas Powers Chemical Exports from Houston, New Orleans
Just as southern California is the nation's top magnet for containerized cargo, so is the Gulf Coast the most attractive hub for movements of petrochemicals. Led by Houston and New Orleans, petrochemical activity is thriving due in no small part to growth in refining activity and an abundance of cheap natural gas.
Penske to Expand Alternative Fuel Program to Fleets That Don't Have Natural Gas Vehicles
Penske plans to further introduce alternative fuels into its wider customer base in tandem with a grant from the U.S. Department of Energy.
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