BP Partners with Dupont to Produce Fuel to Rival Ethanol
BP Plc and DuPont Co. announced a joint venture to overhaul an ethanol plant in Minnesota to make another type of alternative fuel called biobutanol. Highwater Ethanol LLC licensed the technology to convert its ethanol plant and expects to begin commercial production of biobutanol in the next few months. Made from corn, biobutanol has lower greenhouse-gas emissions than corn-based ethanol and does not present the same kind of refining issues. Biobutanol can be blended into gasoline at twice that percentage without any negative impact on engines.
Coal to Overtake Gas in SE Asia Power Boom
According to the International Energy Agency, coal will replace natural gas as the most dominant source for generating electricity in Southeast Asia as the region is seen to almost double its energy consumption in the next two decades. The 10 members of ASEAN, will get 49 percent of their power from coal by 2035, up from 31 percent in 2011 while gas is anticipated to drop to 28 percent from 44 percent, adds the IEA.
Arizona Watchdogs Suggest Rejecting Cut to APS’ Solar Rates
Arizona regulatory staff recommended the rejection of a proposal to curb the price the state’s biggest utility must pay for solar power produced by its customers. Arizona Corporation Commission staff said changes to Arizona Public Service’s solar mandates that affect customers with installed rooftop solar plants should be considered in a formal rate case. Arizona Public Service, a Phoenix-based unit of Pinnacle West Capital Corp., said that the recommendation is a good starting point but may fall short in the long run.
New Analysis Suggest Chinese Solar Market May Go for a Late Surge
Analysis of Chinese government mandates suggest Chinese solar market growth could take off in late 2013 even after a slow start as various projects finish their development and as new incentives sets in. Deutsche Bank analyst Vishal Shah says that China’s solar demand could even exceed expectations because of easier approvals for leasing, emergence of local incentives, a rush for central fed-in-tariffs and the attractiveness of project economics which lures more companies to join in.
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