Monday, July 13, 2015

FT energy news


FT energy news

Energy from microbes

            Lanza Tech, a small New Zealand company, has discovered microbes capable of turning carbon monoxide from steel making into biofuel. This process is already in use  by Baosteel near Shanghai. Accelor Mittal will invest $87 million at its steel plant at Ghent, Belgium to use Lanza Tech’s microbial process to make 47,000 tons of ethanol a year. If the system at Ghent proves commercially viable and Accelor Mittal installed the process across its steel operations, it could produce 10 percent of Europe’s bioethanol per year. (Financial Times  July 13, 2015)

US electricity generation for the first time ever is from gas (31%) more than from coal (30%). Greenhouse gas emissions from gas are half those of coal yet are 100 times more than emissions from renewables. Electricity generation capacity from wind is expected to increase by 9.3 gigawatts in 2015 while coal capacity shrinks by 12.9 gigawatts. Capacity to generate electricity from gas is expected to increase by 4.3 gigawatts in 2015. (FT July 13, 2015)

            FT energy news