Petrochemical company LyondellBasell is delaying its exit from the refining sector and evaluating future options for its 700-acre site on the Houston Ship Channel.
Many producers believe global oil demand will never return to pre-crisis levels.
The Trump administration on Oct. 4 unveiled a plan to boost U.S. biofuels consumption starting next year to help struggling farmers, a move that cheered the agriculture industry but triggered a backlash from the oil industry.
Methane accounts for about 10% of U.S. greenhouse-gas (GHG) emissions. Of this, one-quarter is from the natural gas industry.
Petrochemical company LyondellBasell is delaying its exit from the refining sector and evaluating future options for its 700-acre site on the Houston Ship Channel.
Verdalia Bioenergy, a Goldman Sachs business, will aim to invest more than $1 billion in biomethane over the course of four years.
"DOE investments are helping to build out a domestic bioenergy supply chain that increases America's energy independence, creates jobs, and accelerates the adoption of cleaner fuels for our transportation needs," U.S. Secretary of Energy Jennifer M. Granholm said.
The project will take total site production capacity from 90 million to 340 million gallons, enhance existing operations, and improve operational reliability and logistics.
Despite climate change pressure and growth in renewables, fossil fuels retain their dominant position.
Many producers believe global oil demand will never return to pre-crisis levels.
The Trump administration on Oct. 4 unveiled a plan to boost U.S. biofuels consumption starting next year to help struggling farmers, a move that cheered the agriculture industry but triggered a backlash from the oil industry.
President Donald Trump will meet on Sept. 19 with a group of U.S. senators to discuss biofuels policy, according to a statement from Louisiana Senator Bill Cassidy's office.
Democratic presidential hopeful Amy Klobuchar on Saturday called for revamping the Environmental Protection Agency's (EPA) rules governing how small refineries are exempted from the nation's biofuel laws, a proposal aimed at boosting her standing in the politically critical state of Iowa.
Democratic Senator Tammy Duckworth on Wednesday asked the U.S. Environmental Protection Agency's Office of Inspector General to investigate why the agency vastly expanded its use of waivers to exempt small refineries from the nation's biofuel law.