How Oil Companies are Going Green for Your Home

How Oil Companies are Going Green for Your Home

The most alarming thing about the use of crude oil as the most common fuel is not only the likelihood of oil spills during the extraction and transporting, it is also responsible for most of the carbon emissions in the world. There is a need for the private sector, especially the oil refinery and distribution companies, to take part in providing the masses with cleaner fuels. Big oil companies have tried many alternatives such as reductions in flaring, which is known to cause about 30% of all the recorded annual carbon emissions.

In turn, some petroleum companies such as ExxonMobil have focused on making the extraction and refinery process more eco-friendly. They are using renewable energy to power the plants in order to reduce the carbon footprint when extracting fuel. Algae-based fuel is growing in popularity during the extraction phase. The overall aim is to reduce the amount of carbon dioxide that is emitted for a single barrel of crude oil to be produced. ExxonMobil produces about 200 pounds of carbon dioxide for every 42-gallon barrel of oil produced. So far, BP is the best performer on that account, as the company manages to produce a barrel for every 100 pounds of emission.

There Have Been Remarkable Strides in Reducing GHG Emissions

There has been some remarkable strides seen in getting cleaner fuel, but even more frustrations have been experienced. For example, the European Union tabled an ambitious target to have one-fifth of all consumed energy to originate from renewable energy supplies by the year 2020. As at 2010, the levels were about 7%. Problems arose as many economies opted to produce renewable energy locally but increased their imports of crude-based energy from other countries. It was a matter of taking from one hand and giving to the other, with little effect to write home about. For the renewable energy industry to grow at a faster rate, there is a need to have an available, practical, and affordable renewable fuel. According to Amigo Energy, many people use crude-based fuels for their engines or for production because the other nearest alternatives are hard to find affordably or in large quantities.

Goodwill and Competition Between Crude and Greener Fuel Dealers

Often, there is debate as to whether companies that are already profiting greatly from crude-based fuels are likely to switch to a new fuel. BP had been on the forefront in the development and mass production of algal fuels. Algal fuels just need a sizeable amount of algae and sea water for large scale production to take place. Having a pure algal monoculture will be costly for current energy enterprises to undertake, and this has led many oil companies that still have good will toward the cleaner energy campaign to shy away in the interim. More breakthroughs need to be seen in order for the algal-base monoculture types of oil extraction to go into mass production.

Experts are Calling for the Alternative Aviation Fuels

Most of the goods that are available in the household were once transported by air. Experts have called on oil companies and aviation industries to work together in order to make a switch to sustainable alternatives for aviation fuel. The European Union’s carbon emission reduction plans will be more realistic if the aviation industry takes a frontline role in combatting runaway carbon emission. The Energy Biosciences Institute at the University of California-Berkeley has been at the forefront in encouraging oil companies to look beyond ground transportation and also consider the aviation sector. There have been further calls by the Institute for the related governments to find other incentives, apart from offering tax breaks, to keep energy companies in pursuit of alternative fuels.

This article was contributed on behalf of Amigo Energy, an energy company that is trying to make the world greener. Get Amigo Energy for power today!