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Big Oil And Big Lithium | Earth Wise

July 7, 2023 By EarthWise Leave a Comment

Big Oil entering the lithium market

The world’s big oil companies have worked pretty hard to prolong society’s dependence on petroleum.  When there are trillions of dollars at stake, there is plenty of motivation.  But those companies do see the writing on the wall.

An Exxon Mobil-funded study last year estimated that light-duty vehicle demand for combustion engine fuels could peak in 2025 and that electric vehicles of various types could grow to more than 50% of new car sales by 2050.  This is pretty pessimistic compared with most other surveys, but it is still a big number.  Exxon also projected that the global fleet of EVs could reach 420 million by 2040.

As a result of all this, Exxon is preparing for a future far less dependent on gasoline by drilling for lithium rather than oil.  The company recently purchased mining rights to a sizable chunk of Arkansas land for over $100 million from which it aims to produce lithium for electric car batteries.

Exxon’s consultants estimated that the 120,000 acres in the Smackover formation of southern Arkansas could have as much as 4 million tons of lithium carbonate, enough to power 50 million cars and trucks. 

Exxon plans to spend $17 billion through 2027 on cutting carbon emissions and developing low carbon technologies.  Other large oil producers have also been looking at the lithium business.  At the same time, some large oil companies like BP and Shell are investing in renewable energy.

The prospect of EVs dominating transportation in the coming decades is a strong incentive for oil-and-gas companies to adapt their businesses to the new world.

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Exxon Joins Hunt for Lithium in Bet on EV Boom

Photo, posted August 16, 2014, courtesy of Mike Mozart via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Energy From Rice Straw | Earth Wise

February 3, 2023 By EarthWise Leave a Comment

Turning rice straw into energy

Rice straw is produced as a byproduct of rice production.  Globally, as much as a billion tons of rice straw is produced each year, three-quarters of it in Asia.  Straw incorporation in soil for fertilization is not practical in most places because with multiple crops per year, there is not enough time for the material to decompose and become good fertilizer.  As a result, open-field straw burning is increasingly the standard practice.

Scientists at Aston University in Birmingham in the UK are embarking on a project to convert rice straw in Indonesia into low-cost energy on a commercial scale.

Indonesia produces 100 million tons of rice waste each year, of which 60% is burned in open fields, causing air pollution. 

The Aston researchers are developing a biomass conversion process based on pyrolysis.  This involves heating the rice straw to high temperatures over 900 degrees Fahrenheit to break it down, producing vapor and solid products.  Both of these things can be used to generate electricity.

A new combustion engine designed by a company called Carnot Limited is capable of converting 70% of the thermal energy extracted from the rice straw into electricity.

Energy extracted in this way could help low and middle-income countries to create their own locally generated energy, thereby reducing emissions, creating jobs, and improving human health.   The biomass electricity is predicted to be cheaper than solar, geothermal, wind, coal, or even subsidized gas-generated power.

The Aston University project will help develop a business model that could support companies and communities to produce local, cheap energy in Indonesia and other countries with biomass capacity. 

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Aston University to help power Indonesia with affordable energy made from rice straw

Photo, posted September 11, 2006, courtesy of Kristen McQuillin via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Affordable Electric Cars

May 1, 2019 By EarthWise Leave a Comment

The main reasons that electric cars haven’t taken over are that they didn’t drive far enough on a charge, it took too long to charge them, and, most of all, they cost too much.

In recent years, the problem with driving range has steadily been disappearing as electric cars that can go over two hundred and even over three hundred miles on a charge have entered the market.  Charging time has also become less of a problem.  Tesla’s network of Superchargers can provide 200 miles worth of charge in half an hour and their next generation of chargers, which are just starting to appear, can cut that time much further.

As for cost, a new report by transportation analysts at Bloomberg New Energy Finance predicts that electric vehicles will be cost-competitive with combustion-engine cars by 2022.

The main reason is that the cost of EV batteries has been plummeting.  In 2015, batteries made up 57% of the total cost of an electric vehicle.  Today, that number is down to 33% and is expected to drop to 20% by 2025.  In addition, the cost of electric powertrain systems is also dropping.  The Bloomberg report predicts that over the next decade, costs for motors, inverters, and power electronics could be 25 to 30% cheaper than today.

The cost of electric vehicles has been dropping faster than predicted.  Bloomberg’s report on the subject in 2017 predicted cost parity in 2026.  Last year, they changed it to 2024.  And now, they are saying 2022.

Given that electric cars are much cheaper to drive than gasoline cars, finding reasons not to drive them is getting harder to do.

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Electric Cars Could Be As Affordable as Conventional Vehicles In Just Three Years

Photo, posted November 17, 2018, courtesy of Jakob Harter via Flickr.

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