Kihívások

CO2 capture – New challenge in refinery industry

Emission of CO2 globally has been brought into attention in recent years through declarations such as the Kyoto and recent Bali conventions, and also by industry leaders committing themselves to substantial reductions. One pproach to limiting CO2 emissions from combusting of carbon-based fuels is to capture the CO2 . The purpose of CO2 capture is to produce a concentrated stream that can be readily transported to a CO2 storage site. The CO2 capture and sequestration processes are in the development phase. First of all, it is necessary to become acquainted with the current practice and to identify the results achieved in the leading industrialized countries.
Tovább

Alternative fuels, alternative vehicles

Due to high oil prices as well as the possible problems of oil supply one can often hear of alternative fuels and alternative vehicles. The article overlooks the types of fuels that can substitute today’s gasoline and diesel and investigates what could come after the internal combustion engine.
Tovább

Oil market turbulences

Oil price and pricing are mystified several times. However on longer term the physical market situation determines the price, but short term both physical and derivative (financial) markets should be monitored parallel. Long term price of crude is set by physical supply/demand picture, but on short term financial assets could cause signifi cant deviation in prices from actual and forecasted physical market characteristic.
Tovább

The European Petroleum Industry in 2007

2007 was an animated year in the history of the European petroleum industry and trade. The price of crude oil was continuously growing and decisive regulation for the future was accepted in the EU. The present article, based on the lectures held in the General Information Meeting of Europia, reflects the most important events.
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