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Analysts also believe there will be a 24% uptick in electricity made from solar compared with last year
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The ship in question holds four times the amount of oil carried by the Exxon Valdez, which caused one of the worst environmental disasters in US history when it spilled in 1989
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It aims to transition it to non-crude oil refining and a renewable and circular solutions site
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Under the agreement, Avfuel will also buy one billion gallons of SAF over a 20-year period
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All associated emissions have been offset for the transaction
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A new report suggests zero-emission plastics are a possibility and the only thing halting progress ‘is the will’
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The factory will use Biofabrik’s ‘WASTX Plastic’ process that converts plastic waste into synthetic crude oil
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The Occidental subsidiary says the transaction is a step in the right direction to achieving ‘net zero oil’
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The LNG powered-vessels are capable of carrying up to 300,000 tonnes of fuel and could reduce up to 85% of nitrogen oxide emissions
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The Department of Energy said ExxonMobil Pipeline Company (EMPCo) has signed a 20-year lease to operate the St James Marine terminal and Bayou Choctaw 36-inch Pipeline
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Around 3.8 tonnes of ‘extremely flammable, unstabilised crude oil’ spilled on to the ground at Sullom Voe Terminal in December 2012
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Throughout 2018, many market analysts found the price of oil difficult to predict, with economic and political events confounding market expectations and leading to inaccurate predictions
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