While various wastewater recycling technologies have the same ultimate goal – to give drillers a cost-effective means of reusing flowback and produced water – there is no clear consensus on how to achieve it. Some companies use chemicals, others use electrical pulses. Some see removal of solids as mandatory, some see it as costly and… Keep reading →
The ongoing debate about whether the US should permit additional LNG exports to countries with which it does not have a free trade agreement (non-FTA) is far from being just a question of whether we have enough gas to remain well-supplied domestically and export to other countries. The LNG export issue touches upon prospects for… Keep reading →
Moody’s analysts are have weighed in on prospects for liquefied natural gas (LNG) exports from the US, forecasting that chemical companies and utilities could see some negative impact from higher domestic natural gas prices, but not enough to bring down their credit ratings.
Moody’s expects US LNG export capacity to rise to 6.3 billion cubic feet per day by 2020 – equivalent to 178.4 million cubic meters per day, compared with global exports totaling 330.8 billion cubic meters per day in 2011, according to BP’s Statistical Review of World Energy. “We do not expect the volume of exports from North America will have a significant impact on the global LNG trade during this decade,” the rating agency said in a report, The Prospect of US LNG Exports Influences Pricing and Gas Markets Worldwide. Keep reading →
International chemical firm and major energy customer BASF has invested $30 million in biomass technology firm Renmatix as companies around the world continue to ramp up research and development of alternative bio-based fuels and chemicals for industrial purposes.
Renmatix’ technology allows for the production of industrial sugar from wood, cane trash or straw, the American firm said in announcing the new investment. The privately-held firm already operates a facility in Georgia, where it has the capacity to turn three tons of cellulosic biomass into sugar daily. The BASF investment will allow Renmatix to boost production to industrial scale and become more efficient, Renmatix CEO Mike Hamilton said. Keep reading →