BP will put $63.6 million into a biofuels joint venture with D1 Oils aimed at growing jatropha, a crop, as feedstock to blend with diesel for less overall use of hydrocarbons. 
Opinion appears to differ on where to deploy and concentrate technology to curtail global warming and begin earning from the trade in carbon, judging by a week of declarations on carbon capture and storage, or CCS, from the North Sea. 
Aker Kvaerner and Praj Industries have been chosed to do the early engineering and design on the a bio-ethanol plant BP and partners announced it would build at Saltland near Hull. 
Supermajor BP will build a “world scale” biofuels plant in the United Kingdom with mass-produced food groups Associated British Foods and Dupont, it was announced Tuesday. 
Investors flocked to renewable energy industries in 2006 like never before, with capital seen streaming into the likes of solar, bio-fuels and wind rising to $100 billion, up $20 billion over 2005.
Chevron has enrolled Texas farming expertise to help the oil company arrive at mass production of ethanol and other bio-fuels from cellulose, it was learned Tuesday. 
Aker Kvaerner and India-based engineering outfit, Praj Industries, will form a 40-60 joint venture to bring bio-ethanol to the European market en masse, it was understood Wednesday.
Neste, paper maker join biofuel push Mar 16, 2007
Finnish oil company Neste Oil and paper products maker Stora Enso have joined up to evolve technology that burns wood residues for power, heat and biofuels, it was learned Friday. 
A Norwegian environmental crusader and four Statoil carbon-dioxide managers will help direct the European Union’s drive to 20 percent less of the greenhouse gas from 1990 levels by 2020. 
The start-up in Guelph Canada of a biofuels plant using wood to produce the energy per year of 550 barrels of oil was simultaneously reported Tuesday at the World Biofuels Markets day in Brussels and at the PowerGen Renewable Energy & Fuels Conference in Las Vegas. |
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European emissions targets announced for automobiles are “arbitrary” and “too severe”, the European Automobile Manufacturers Association declared on Wednesday. 
President Bush's FY2008 budget seeks a 33 percent increase for the Office of Fossil Energy over last year's request to support improved energy security and rapid development of climate-oriented technology. It totals $863 million and completes a promise to invest $2 billion in coal technologies three years early.
Fortune completes second pilot well in China Jan 23, 2007
Fortune Oil announces that the Fortune Liulin Gas subsidiary has completed the drilling of its first two pilot production wells for coal bed methane ( CBM ) in the Liulin block, Shanxi Province. 
Biofuels in the United Kingdom got a boost Monday with money and sponsors announced for a Green Biologics, a company from the Oxford area bent on producing and putting biobutanol, a chemical feed, into fuels. 
Future oil-company revenues in the United States took a blow late Thursday, as the new Democrat-lead House of Representatives passed the Clean Energy Act, which “rolls back subsidies and tax breaks for Big Oil”, the House speaker said. |
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