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Oil Companies Going All-in on Petrochemicals


And green chemistry needs help to compete.
May 25th, 2021
iStock
Global oil consumption declined by roughly 9% in 2020 as the pandemic reduced business and pleasure travel, factory production and transportation of goods. This abrupt drop accelerated an ongoing shift from fossil fuels to renewable energy.
U.S. government forecasts show that oil use for transportation, industry, construction, heating and electricity is declining and will continue to drop in the coming years. This trend has enormous implications for the oil industry: As the International Energy Agency observed in 2020, “No oil and gas company will be unaffected by clean energy transitions.”
Many of these companies are trying to make up losses by boosting production of petrochemicals derived from oil and natural gas. Today roughly 80% of every barrel of oil is used to make gasoline, diesel and jet fuel, with the rest going into petrochemical products. As demand for petroleum fuels gradual ....

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Oil companies are going all-in on petrochemicals – and green chemistry needs help to compete


Global oil consumption declined by roughly 9% in 2020 as the pandemic reduced business and pleasure travel, factory production and transportation of goods. This abrupt drop accelerated an ongoing shift from fossil fuels to renewable energy.
U.S. government forecasts show that oil use for transportation, industry, construction, heating and electricity is declining and will continue to drop in the coming years. This trend has enormous implications for the oil industry: As the International Energy Agency observed in 2020, “No oil and gas company will be unaffected by clean energy transitions.”
About 80% of every barrel of oil refined in the U.S. today is used to make gasoline, distillate (diesel) and jet fuel, with the rest going into petrochemical products. ....

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Oil companies are going all-in on petrochemicals - and green chemistry needs help to compete


Oil companies are going all-in on petrochemicals - and green chemistry needs help to compete
Constance B. Bailey, University of Tennessee
May 25, 2021
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Constance B. Bailey, University of Tennessee
(THE CONVERSATION) Global oil consumption declined by roughly 9% in 2020 as the pandemic reduced business and pleasure travel, factory production and transportation of goods. This abrupt drop accelerated an ongoing shift from fossil fuels to renewable energy.
U.S. government forecasts show that oil use for transportation, industry, construction, heating and electricity is declining and will continue to drop in the coming years. This trend has enormous implications for the oil industry: As the International Energy Agency observed in 2020, “No oil and gas company will be unaffected by clean energy transitions.” ....

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Fields of breeders' dreams: Team targets crop improvements


USDA ARS
ARS geneticist Sarah Hake and University of California, Berkeley colleague George Chuck study juvenile traits of corngrass. They have found that inserting a specific corngrass gene into switchgrass keeps it in its juvenile form.
Scientists from WSU, UC, Arizona involved in ongoing effort to improve the emerging bioenergy crop switchgrass.
Feb 22, 2021
Researchers from Washington State University, the University of California and the Arizona Genomics Institute are part of a large team that announced the genome sequence for switchgrass, a major bioenergy crop.
Laura Bartley, an associate professor in WSU’s Institute of Biological Chemistry, worked for 15 years on the project, which could lead to larger, easier to process switchgrass plants. ....

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