Industry News 
11.10.08
Grants Awarded to MN Renewable Energy Projects
Eight renewable energy projects in Minnesota will receive nearly $3 million in s...
11.07.08
Largest Bulgarian Biodiesel Plant Opens
Zarneni Hrani Bulgaria AD has opened its new 100,000 mt biodiesel plant, expecte...
11.06.08
Argentine Biodiesel Capacity To Grow
The Argentine Renewable Energies Chamber projected in a study that Argentina wil...
11.05.08
Obama Planning Billion-Dollar Renewable Energy Fund
Soon to be US President, Barack Obama, is planning a $150 billion fund for biofu...
11.04.08
First Biodiesel and Green Convenience Store To Open
Simply Green Biofuels will open the first biodiesel station and "con-green-ience...
11.03.08
Malaysia Implements Biodiesel Mandate
The Malaysian cabinet has decided to implement a 5% biodiesel blending program b...
10.31.08
Australia Launches Second Generation Biofuels Program
The Australian Minister for Resources and Energy has launched the Australian gov...
10.29.08
US DOE Awards Renewable Energy Grant
The US DOE has awarded a $1.5 million grant to a group of renewable energy compa...
10.28.08
Brazil Reduces Biodiesel Taxes
Brazil’s government has cut the PIS and Cofins taxes on biodiesel sold in the do...
10.27.08
Pennsylvania Launches Biodiesel Incentive
The Pennsylvania Department of Environmental Protection has launched a biodiesel...
Aramco Sees Oil For Decades To Come
11.14.07
The president of Saudi Aramco said there are enough conventional and non-conventional liquid energy resources available for petroleum to be a significant part of the global energy mix for decades to come.
"We have grossly underestimated mankind's ability to find new reserves of petroleum, as well as our capacity to raise recovery rates and tap fields once thought inaccessible to produce," he said, adding that non-conventional resources of liquid energy such as condensates, natural gas liquids, bitumen, coal-to-liquids and biofuels will also contribute to the global supply.
Taking into account both conventional and non-conventional resources, he said there are 13-16 trillion barrels of in-place liquids available worldwide. "To put those figures in perspective,” he concluded, “we have consumed only 1.1 trillion barrels of oil, or 7 to 9% of resources in places.”
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