Last updateThu, 24 May 2018 12pm


Cash-Strapped Green Tech Changes Strategy

The continuing economic recession has abruptly halted a number of large solar and biofuels projects. But while green-technology companies dependent on such capital-intensive projects have foundered, things look brighter for other ventures, such as those that require little in the way of expensive equipment and facilities, or those that have managed to attract foreign investment. Those were some of the conclusions of clean-tech investors who gathered at this week's GoingGreen East conference in Boston.

Source: Technology Review

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The Petrochemical Companies Face the Heat: Lessons From The LyondellBasell Bankruptcy

It is reported by Robin Sayles in an article in the March 2009 Issue of Project Finance that there are major implications in the petrochemical industry from the filing of bankruptcy by LyondellBasell Industries, the world’s third-largest independent chemical company amid plunging sales and a cash crunch. This was following an acquisition only last July costing a whopping 18 billion dollars which led to a huge debt burden which apparently is unserviceable now.

Source: Gerson Lehrman Group

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Wastewater, Drinking Water Bill Gains in Colorado

Colorado lawmakers are well on their way to passing a bill aimed at getting more money through grants, rather than loans, to small communities for mandated upgrades to their wastewater and drinking water facilities.

However, because of a precipitous drop in severance tax revenue, there won’t be any money to put into the new fund for at least a couple of years until energy production and natural gas prices bounce back.

Source: Ft. Morgan Times

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As Oil and Gas Prices Plunge, Drilling Frenzy Ends

The great American drilling boom is over.

The number of oil and gas rigs deployed to tap new energy supplies across the country has plunged to less than 1,200 from 2,400 last summer, and energy executives say the drop is accelerating further.

Source: New York Times

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Refineries May Move Toward Middle Distillates

The refining industry is already feeling the impact of the falling growth in global oil demand, with North America and Europe the hardest hit by the downturn, said participants at the European Fuels Conference in Paris Mar. 11-12. The conference was organized by London-based World Refining Association together with Energy Exchange Co.

Refiners in North America and Europe will be forced to cut runs more than other regions, but even after utilization is reduced, the global gasoline surplus will continue to grow well into the next decade.

Source: Oil & Gas Journal

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