Last updateFri, 22 May 2020 4pm

Both Sides in Energy Debate Watching Healthcare Battle

As the battle over healthcare unfolds, its attack ads, spin-doctoring and town hall rhetoric are being watched with special attention by the combatants in Washington's next big fight -- President Obama's energy and climate plan.


Obama's proposal calls for sweeping government efforts to develop new technologies and strategies for using energy more efficiently.


Source: L.A. Times


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PetroChina to Buy Various Assets from CNPC for $3.22B

PetroChina Co., China's biggest listed oil firm by capacity, unveiled $3.22 billion worth of sweeping plans to boost its capacity after posting a 7.2% year-on-year drop of first-half net profit Friday, underscoring China's thirst for energy.


PetroChina said it would buy the share of its parent company, China National Petroleum Corp., in a production sharing contract on a gas field in Turkmenistan for $1.19 billion; while planning to buy 10 of CNPC's petrochemical refineries in China for $1.62 billion and a domestic oil and gas producer, also from CNPC, for $412.4 million.


Source: Dow Jones


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U.S. Refining May Drop by a Quarter on Climate Bill, API Says

U.S. refining production may drop by a quarter by 2030, making the nation more dependent on fuel imports, if the climate-change legislation approved by the House becomes law, the American Petroleum Institute said.


The Washington-based group, whose members include Exxon Mobil Corp. and ConocoPhillips, released a study today it commissioned on the legislation approved in June by the House.


Source: Bloomberg


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Methane Powers Wastewater Treatment Plant

A ceremony Monday marked the groundbreaking of a $46 million water reclamation plant. Roxanne Rountree at the Eastern Municipal Water District project site explains that chemical energy is converted to an alternative gas producing electricity.


Source: Inland News Today (CA)


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Micromidas Sees Goldmine in Converting Wastewater to Bioplastic

Midcromidas, Inc. has turned its green eye on wastewater, and it is seeing gold. The company has developed a strain of microbes that can convert the carbon in wastewater into PHA (polyhydroxylalkanoate), a high performance plastic. PHA biodegrades quickly in compost piles and landfills, but otherwise it behaves the same or better than conventional petroleum-based plastic.


Source: Matter Network


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