Fracking – Business News Updates https://newsdaily.business Wed, 25 Jan 2023 04:32:22 +0000 en hourly 1 https://wordpress.org/?v=6.4.3 https://newsdaily.business/wp-content/uploads/2021/02/cropped-handshake-hand-gesture-dollar-money-finance-coin_96px-32x32.png Fracking - Business News Updates https://newsdaily.business 32 32 Fracking water treatment market size to increase by USD 1,208.4 million: Market research insights highlight the https://newsdaily.business/2023/01/25/fracking-water-treatment-market-size-to-increase-by-usd-1208-4-million-market-research-insights-highlight-the/ https://newsdaily.business/2023/01/25/fracking-water-treatment-market-size-to-increase-by-usd-1208-4-million-market-research-insights-highlight-the/#respond Wed, 25 Jan 2023 04:32:22 +0000 https://newsdaily.business/2023/01/25/fracking-water-treatment-market-size-to-increase-by-usd-1208-4-million-market-research-insights-highlight-the/ NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the fracking water treatment market will witness a YOY growth of 4.06% between 2022 and 2023. The market is segmented by application (treatment and recycle and deep well injection), end-user (commercial, industrial, and residential), and geography (North America, Europe, APAC, Middle East and Africa, and […]]]>


NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the fracking water treatment market will witness a YOY growth of 4.06% between 2022 and 2023. The market is segmented by application (treatment and recycle and deep well injection), end-user (commercial, industrial, and residential), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The fracking water treatment market size is estimated to increase by USD 1,208.4 million at a CAGR of 4.18% from 2022 to 2027 – Request a sample report

Technavio has announced its latest market research report titled Global Fracking Water Treatment Market 2023-2027

Technavio has announced its latest market research report titled Global Fracking Water Treatment Market 2023-2027

Fracking water treatment market – Vendor insights

The global fracking water treatment market is fragmented, and the vendors are deploying various strategies to compete in the market. The market comprises some well-established players that are involved in designing and manufacturing solutions that support fracking water treatment. These vendors are investing significantly in research and development to introduce better offerings in the market and expand their customer base. Some of the strategies adopted by vendors to strengthen their position are M&A and strategic partnerships.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Anguil Environmental Systems

  • Aquatech International LLC

  • Baker Hughes Co.

  • Calfrac Well Services Ltd.

  • ChampionX Corp.

  • Cudd Energy Services

  • DuPont de Nemours Inc.

  • Ecologix Environmental Systems LLC

  • EVOQUA WATER TECHNOLOGIES CORP.

  • Filtra Systems Co

  • Fluence Corp. Ltd.

  • Halliburton Co.

  • Industrie De Nora Spa

  • LiqTech International Inc.

  • OriginClear Inc.

  • For details on vendors and their offerings – Buy the report!

Fracking water treatment market – Geographical analysis

North America will provide maximum growth opportunities in the fracking water treatment market during the forecast period. According to our research report, the region will account for 85% of the global market growth.

Companies use recycled water in their operations due to the high rate of adoption of the hydraulic fracturing process. The amount of water required in hydraulic fracturing is higher than the quantity of water available. Therefore, there is a rise in demand for the installation of water treatment facilities in drilling areas where the hydraulic fracturing process is used. In addition, the hydraulic fracturing process involves the use of several harmful chemicals such as arsenic, lead, and mercury. These factors increase the need for water treatment facilities, which is propelling the growth of the market in the region.

Know more about this market’s geographical distribution along with a detailed analysis
of the top regions: https://www.technavio.com/report/fracking-water-treatment-market-
industry-analysis?v1

Fracking water treatment market – Key segment analysis

The treatment and recycle segment will grow at a significant rate during the forecast period. The growth of this segment is driven by factors such as the increasing demand for water supply across the world. Adverse environmental conditions such as droughts have also increased the demand for water treatment. Such factors will drive the segment’s growth during the forecast period.

Download a sample to obtain additional highlights and key points on various market
segments and their impact in the coming years.

Fracking water treatment market – Key market drivers & challenges

The increasing consumption of natural gas is driving the market growth. The use of natural gas in fertilizer plants, power generation units, and the petrochemical, transportation, residential, and commercial sectors has increased significantly in major natural gas-producing countries such as China and the US. The demand for natural gas as a transportation fuel is also increasing, especially in developing countries such as India. This will increase the demand for more offshore and onshore oil and gas projects. These factors will lead to a high demand for hydraulic fracturing as well as fracking water treatment equipment to access unconventional gas reserves, such as shale gas, which will drive the growth of the market during the forecast period.

Uncertainty in crude oil prices is challenging the market growth. Price volatility compels oil and gas companies to cancel or delay planned investments. A continuous fall in crude oil prices can triggering a massive withdrawal of investments, which reduces the profitability of upstream oil and gas companies. Uncertainties in global crude oil prices adversely affect E&P activities, which negatively impacts the demand for fracking water treatment equipment required for hydraulic fracturing processes. Such factors will impede the growth of the market during the forecast period.

Download a sample for highlights on market drivers & challenges affecting the fracking
water treatment market.

What are the key data covered in this fracking water treatment market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the fracking water treatment market between 2023 and 2027

  • Precise estimation of the size of the fracking water treatment market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America

  • Thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of fracking water treatment market vendors

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Related Reports:

The produced water treatment market is estimated to grow at a CAGR of 7.93% between 2022 and 2027. The size of the market is forecasted to increase by USD 3,200.76 million. This report extensively covers market segmentation by application (onshore and offshore), technology (secondary treatment, primary treatment, and tertiary treatment), and geography (North America, Europe, Middle East and Africa, South America, and APAC).

The industrial water treatment equipment market size is expected to increase by USD 8.48 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.47%. This report extensively covers industrial water treatment equipment market segmentations by end-user (energy and power, manufacturing, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America).

Fracking Water Treatment Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.18%

Market growth 2023-2027

USD 1,208.4 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.06

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 85%

Key countries

US, Canada, China, Japan, and France

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Alfa Laval Corporate AB, Anguil Environmental Systems, Aquatech International LLC, Baker Hughes Co., Calfrac Well Services Ltd., ChampionX Corp., Cudd Energy Services, DuPont de Nemours Inc., Ecologix Environmental Systems LLC, EVOQUA WATER TECHNOLOGIES CORP., Filtra Systems Co, Fluence Corp. Ltd., Halliburton Co., Industrie De Nora Spa, LiqTech International Inc., OriginClear Inc., Schlumberger Ltd., Veolia Environment SA, WesTech Engineering LLC, and Xylem Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio’s utilities market reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact 
Technavio Research 
Jesse Maida 
Media & Marketing Executive 
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UK: +44 203 893 3200 
Email: media@technavio.com 
Website: www.technavio.com/

Global Fracking Water Treatment Market 2023-2027

Global Fracking Water Treatment Market 2023-2027

Cision

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2023-01-25 02:00:00

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Fracking in Ohio’s state parks is a recipe for disaster https://newsdaily.business/2023/01/22/fracking-in-ohios-state-parks-is-a-recipe-for-disaster/ https://newsdaily.business/2023/01/22/fracking-in-ohios-state-parks-is-a-recipe-for-disaster/#respond Sun, 22 Jan 2023 10:20:59 +0000 https://newsdaily.business/2023/01/22/fracking-in-ohios-state-parks-is-a-recipe-for-disaster/ The new state law requiring Ohio state parks to allow fracking on public lands is a recipe for ecological and economic disaster in Ohio. If there is just one methane leak poisoning groundwater with toxins and waste products from fracking fluid, there will be a mass exodus of talented people and good jobs fleeing Ohio. And […]]]>



A fracking well site in Carroll County, Ohio.

The new state law requiring Ohio state parks to allow fracking on public lands is a recipe for ecological and economic disaster in Ohio. If there is just one methane leak poisoning groundwater with toxins and waste products from fracking fluid, there will be a mass exodus of talented people and good jobs fleeing Ohio. And those people and jobs may not return.

We have only to look as far as Flint, Michigan to see the lasting effect a “Frackgate” could have, not only on Ohioans’ health and welfare, but in the public’s trust in government. Is Ohio prepared to become the next poster child for ecological disaster?

House Bill 507 is bad law passed in a lame-duck session without public comment. With this law, our legislators pandered to Ohio’s oil and gas industry and have risked our clean air, clean drinking water and the growth of sustainable jobs of the future in exchange for dirty energy and dark money.



Read More:Fracking in Ohio’s state parks is a recipe for disaster

2023-01-22 01:05:03

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The Global Fracking Water Treatment Market is forecast to grow by $1208.4 mn during 2022-2027, accelerating at a CAGR of https://newsdaily.business/2023/01/16/the-global-fracking-water-treatment-market-is-forecast-to-grow-by-1208-4-mn-during-2022-2027-accelerating-at-a-cagr-of/ https://newsdaily.business/2023/01/16/the-global-fracking-water-treatment-market-is-forecast-to-grow-by-1208-4-mn-during-2022-2027-accelerating-at-a-cagr-of/#respond Mon, 16 Jan 2023 21:50:29 +0000 https://newsdaily.business/2023/01/16/the-global-fracking-water-treatment-market-is-forecast-to-grow-by-1208-4-mn-during-2022-2027-accelerating-at-a-cagr-of/ ReportLinker Global Fracking Water Treatment Market 2023-2027. The analyst has been monitoring the fracking water treatment market and is forecast to grow by $1208.4 mn during 2022-2027, accelerating at a CAGR of 4.18% during the forecast period. New York, Jan. 16, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Fracking Water […]]]>


ReportLinker

ReportLinker

Global Fracking Water Treatment Market 2023-2027. The analyst has been monitoring the fracking water treatment market and is forecast to grow by $1208.4 mn during 2022-2027, accelerating at a CAGR of 4.18% during the forecast period.

New York, Jan. 16, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Fracking Water Treatment Market 2023-2027” – https://www.reportlinker.com/p05678730/?utm_source=GNW
Our report on the fracking water treatment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing consumption of natural gas, growth in e and p of unconventional oil and gas sources, and stringent regulatory policies.

The fracking water treatment market is segmented as below:
By Application
• Treatment and recycle
• Deep well injection

By End-user
• Commercial
• Industrial
• Residential

By Geographical Landscape
• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the adoption of supercritical carbon in fracking as one of the prime reasons driving the fracking water treatment market growth during the next few years. Also, shift in focus toward NGVs and advances in technologies associated with water treatment will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the fracking water treatment market covers the following areas:
• Fracking water treatment market sizing
• Fracking water treatment market forecast
• Fracking water treatment market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fracking water treatment market vendors that include Alfa Laval Corporate AB, Anguil Environmental Systems, Aquatech International LLC, Baker Hughes Co., Calfrac Well Services Ltd., ChampionX Corp., Cudd Energy Services, DuPont de Nemours Inc., Ecologix Environmental Systems LLC, EVOQUA WATER TECHNOLOGIES CORP., Filtra Systems Co, Fluence Corp. Ltd., Halliburton Co., Industrie De Nora Spa, LiqTech International Inc., OriginClear Inc., Schlumberger Ltd., Veolia Environment SA, WesTech Engineering LLC, and Xylem Inc. Also, the fracking water treatment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research – both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Read the full report: https://www.reportlinker.com/p05678730/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001



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Why Fracking May Start To Embrace A New Form Of Energy https://newsdaily.business/2023/01/10/why-fracking-may-start-to-embrace-a-new-form-of-energy/ https://newsdaily.business/2023/01/10/why-fracking-may-start-to-embrace-a-new-form-of-energy/#respond Tue, 10 Jan 2023 03:22:49 +0000 https://newsdaily.business/2023/01/10/why-fracking-may-start-to-embrace-a-new-form-of-energy/       With the global transition to clean energy in full swing, traditional renewable energy sources such as solar and wind have, unsurprisingly, been hogging the limelight. Unfortunately, one powerful renewable energy source has been conspicuously missing in the conversation: Geothermal energy. Despite its many obvious benefits, geothermal energy–which taps the heat within the […]]]>


 

 

  With the global transition to clean energy in full swing, traditional renewable energy sources such as solar and wind have, unsurprisingly, been hogging the limelight. Unfortunately, one powerful renewable energy source has been conspicuously missing in the conversation: Geothermal energy. Despite its many obvious benefits, geothermal energy–which taps the heat within the earth’s crust–is criminally underutilized in the United States. In 2019, the U.S. generated ~18,300 GWh from geothermal sources. While that appears impressive at first glance, here’s the kicker: that figure works out to just  0.4% of U.S. power generation

Geothermal energy has two primary applications: electricity generation and heating/cooling.

Geothermal energy can be found almost anywhere: other than seismically active hotspots, there is a steady supply of milder heat–useful for direct heating purposes–at depths of anywhere from 10 to a few hundred feet below the surface. This heat can be found in virtually any location on Earth since it has its origins from when the planet formed and accreted, frictional heating caused by denser core material sinking to the center of the planet as well as heat from the decay of radioactive elements. Indeed, just 10,000 meters (about 33,000 feet) of the Earth’s surface contains 50,000 times more energy than all the oil and natural gas resources in the world. Further, unlike solar and wind which are intermittent energy sources, geothermal is highly reliable with a high capacity factor of 74.3% vs. 24.9% for solar and 35.4% for wind.

Related: Europe’s Warm Winter May Not Be Such Good News For Energy

Another key benefit: geothermal is much cleaner than any fossil fuel out there. Whereas geothermal power plants are frequently associated with sulfur dioxide and silica emissions as well as traces of toxic heavy metals including arsenic, mercury, and boron, the emissions profile of geothermal energy is nowhere near as bad as those of fossil fuels. The U.S. Energy Information Administration (EIA) says geothermal power plants emit about 99% less carbon dioxide and 97% less acid rain-causing sulfur compounds than fossil fuel power plants of similar size. Further, geothermal power plants are frequently equipped with scrubbers to remove the hydrogen sulfide naturally found in geothermal reservoirs. It’s, therefore, hardly surprising that a country like Iceland–which derives ~two-thirds of its primary energy from geothermal sources–has only one-third the greenhouse gas emission per capita as the United States.

 

But the same technology that powered the U.S. shale boom might help unlock the full potential of U.S. geothermal resources.

 

Source: Center for Sustainable Systems   

Geothermal ‘Shale’ Boom

According to the U.S. Department of Energy, continental U.S. has over 100 GW of geothermal electric capacity or 40 times the current installed geothermal capacity, meaning geothermal has the potential to supply 10% of the country’s power needs. 

Unfortunately, high drilling and production costs compared to other clean energy sources has impeded growth for the geothermal sector. Indeed, in 2021, the Levelized Cost of Energy (LCOE) for geothermal energy in the U.S. clocked in at $84.80/MWh, much higher than $36.60/MWh for utility-scale solar and $40.90/MWh for onshore wind projects. 

LCOE calculates the present value of the total cost of building and operating a power plant over an assumed lifetime. Even more worrying is the fact that geothermal development costs have been expanding, increasing by 47% from 2010-2021 at a time when solar PV costs fell 82%; onshore wind development declined 35% while offshore wind costs decreased by 41%.

Enter “enhanced geothermal systems” (EGS) …

EGS promises to not only boost the energy output of wells over a smaller footprint but also increase the areas where geothermal energy can be exploited. 

For the most part, geothermal has only made economic sense in countries such as Iceland, where heat and water can be found close to the surface of the Earth. However, much like shale drilling, EGS creates a subsurface fracture system that increases the permeability of rock and allows for the injection of a heat transfer fluid (typically water). The injected fluid is then heated by the rock and returned to the surface to generate electricity. In June,  the U.S. Department of Energy announced a $165 million investment in geothermal energy research and deployment. The Enhanced Geothermal initiative by the DOE aims to lower the cost of EGS projects to $45 per MWh by 2035, thereby vastly increasing the competitiveness of geothermal power. Further, the 2021 bipartisan infrastructure law included $84 million for research into EGS projects.

The private sector is also beginning to take tentative steps into geothermal energy, with a slew of geothermal energy startups raising millions of dollars in capital. Last month, Chevron Corp. (NYSE: CVX) partnered its clean energy subsidiary Chevron New Energies with Sweden’s Baseload Capital to develop geothermal projects in the United States. Two years ago, Chevron and BP Inc. (NYSE: BP) invested $40 million in Canadian geothermal energy company, Eavor Technologies. In the same year, Aloha State energy utility Hawaiian Electric unveiled a plan to increase its geothermal generation capacity as part of its goal to lower greenhouse gas emissions by 70% by 2030.

It’s like solar: If you look at solar 20 years ago, nobody’s interested in solar because it costs too much. But as solar has grown, the cost has come down as it’s improved in scale. We’re kind of on the cusp of moving into the cost-effective range [for geothermal], just like we did with solar, over the next 20 years,” Roland Horne, a professor of earth sciences at Stanford University, has told Yahoo News.

But it’s not just about technology and lower costs, the global energy crisis has triggered a sense of urgency by governments everywhere to enhance their energy security.

It’s unbelievable how geothermal has gone under the radar. Now, when you see the bills [in] electricity and the gas prices go up everywhere–at least, around us–it doesn’t affect us. This can be done all around the world. you don’t need to be the most active volcanic island in the world to use geothermal”  Iceland’s environment minister, Gudlaugur Thór Thórdarson, has told Yahoo News.

By Alex Kimani for Oilprice.com

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German Finance Minister Calls For Reverse Of Fracking Ban https://newsdaily.business/2023/01/02/german-finance-minister-calls-for-reverse-of-fracking-ban/ https://newsdaily.business/2023/01/02/german-finance-minister-calls-for-reverse-of-fracking-ban/#respond Mon, 02 Jan 2023 20:52:04 +0000 https://newsdaily.business/2023/01/02/german-finance-minister-calls-for-reverse-of-fracking-ban/ Amid Russia’s war on Ukraine and a European energy crisis, German Finance Minister Christian Lindner is calling for a lifting of the ban on fracking, citing the high prices the country is paying for liquefied natural gas (LNG).  Fracking was banned in Germany in 2017.  Speaking to Germany’s Bild am Sonntag, Lindner said Germany should […]]]>


Amid Russia’s war on Ukraine and a European energy crisis, German Finance Minister Christian Lindner is calling for a lifting of the ban on fracking, citing the high prices the country is paying for liquefied natural gas (LNG). 

Fracking was banned in Germany in 2017. 

Speaking to Germany’s Bild am Sonntag, Lindner said Germany should lift the fracking ban and “then private investors can decide whether extraction is economical.”

“Compared to gas from other regions of the world, I expect competitive advantages.” Lindner said. 

In his call to allow fracking, Lindner is breaking ranks with German Chancellor Olaf Scholz of the Social Democrats and Minister of Economy Robert Habeck of the Greens–both of whom are coalition partners.  

Germany has rejected fracking not only over environmental concerns. 

Last month, Scholz noted that fracking would be a costly and wasteful undertaking that would take too long to begin production. By the time production could be feasible, Scholz noted, demand for natural gas will have declined. 

The German Chancellor noted there was zero support for exploiting natural gas reserves through fracking in the country. 

“If you get close to it, it vanishes into thin air,” German media quoted him as saying in December. 

It is widely understood that Germany, due to its dense population, is not suitable for fracking, while the technological complexities would render it irrelevant to the current energy crisis. 

Instead, Germany has been building out LNG infrastructure at breakneck speed to increase its capacity to take in fracked American natural gas. 

By the end of 2022, Germany had succeeded in cutting its reliance on Russian gas to 20% from 55% the previous year, based on Bloomberg data. The country’s first new floating LNG import terminal opened in mid-December on its North Sea coast, with other terminals planned. 

By Charles Kennedy for Oilprice.com

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2023-01-02 16:00:00

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What Fracking Can Tell Us About the Future of Fusion https://newsdaily.business/2022/12/27/what-fracking-can-tell-us-about-the-future-of-fusion/ https://newsdaily.business/2022/12/27/what-fracking-can-tell-us-about-the-future-of-fusion/#respond Tue, 27 Dec 2022 14:24:25 +0000 https://newsdaily.business/2022/12/27/what-fracking-can-tell-us-about-the-future-of-fusion/ Comment on this story Comment A year in which energy markets were torn apart by our species’ long-standing habit of murdering one another ended with a hopeful scientific breakthrough. In the early hours of Dec. 5, researchers at Lawrence Livermore National Laboratory’s National Ignition Facility produced a nuclear fusion reaction that generated more energy than it took in […]]]>


Comment

A year in which energy markets were torn apart by our species’ long-standing habit of murdering one another ended with a hopeful scientific breakthrough. In the early hours of Dec. 5, researchers at Lawrence Livermore National Laboratory’s National Ignition Facility produced a nuclear fusion reaction that generated more energy than it took in from the lasers driving it. Announcing this, Energy Secretary Jennifer Granholm hailed the NIF’s work as offering the potential to solve complex problems “like providing clean power to combat climate change.”

After a year like this one, she might have added “and stop us relying on the likes of Russia for energy once and for all.” Instead, she added: “and maintaining a nuclear deterrent without nuclear testing.” Because, apart from the unfortunately revived relevance of those words in 2022, that is what the NIF was set up to do after the end of underground testing of nuclear weapons. The achievement of “ignition” will doubtless inform continuing research into fusion energy, too, but the NIF’s technology wasn’t designed to that end. So-called tokamaks, like the (delayed) Iter project being built in France, operate differently and are viewed as a more likely path to commercial fusion energy becoming a reality.

We live in an era of energy breakthroughs that exist on a spectrum of varying degrees of reality. They are often hard to identify in real time. For example, in June 1998, an engineer working for Mitchell Energy & Development Corp. — now part of Devon Energy Corp. — successfully applied hydraulic fracturing to produce natural gas from a well in the Barnett shale basin near Dallas. That did not change things overnight; US gas production didn’t begin its resurgence for another decade, and the shale oil boom took several more years to get going. But in demonstrating that shale resources could be produced economically, it touched off a genuine revolution that upended energy markets, national economies and geopolitics. One small but topical example: The liquefied natural-gas tankers crossing the Atlantic today to help European countries cope with Russian gas cutoffs can trace their launch all the way back to the S.H. Griffin Estate No. 4 well in Texas.

There have been other energy breakthroughs in our lifetime. Australian scientist Martin Green’s innovative PERC cell architecture in the 1980s  improved the efficiency of solar panels significantly, making possible their eventual breakout from niche industrial applications to humdrum household rooftops.(1) Similarly, the development of the rechargeable lithium-ion battery by scientists at Exxon Mobil Corp. (!) in the 1970s paved the way for electric vehicles, grid-sized energy storage and the device on which you are most likely reading this.

As different as they are, these revolutions share some things in common. They represented engineering refinements of existing technologies and processes as opposed to the blinding flash we tend to think of. This does not take away from their genius; even the successful fusion ignition just witnessed resulted from endless iteration and will now inspire more of the same.

Rather, it is to emphasize that progress in energy tends to be iterative. Fracking had been around for decades before that fateful well; Soviet engineers had even tried doing it with nuclear weapons (reader, they were unsuccessful). Mitchell Energy’s dogged commitment to making it work — rather than inventing it per se — is now the stuff of legend in shale circles. Similarly, solar and battery breakthroughs reconfigured existing technologies with new designs and chemistries, yielding transformational results. Eventually.

That latency is another thing they share in common. All required a confluence of other factors to ascend to being true breakthroughs. The shale revolution required, among other things: sophisticated energy futures markets, perhaps somewhat less sophisticated investors willing to fund excessive drilling, an earlier bubble in gas-fired power plant construction and an existing ecosystem of US hydrocarbon production. Attempts to replicate fracking’s success elsewhere have been patchy, most notably in Europe, demonstrating that discovery is only part of the battle and not necessarily transferable. With solar and batteries, one could argue the advances made in materials only had the impact they did because of another “breakthrough”: Germany’s enactment of generous renewable energy subsidies from 2000 onward spurring Chinese manufacturers to scale up production and reduce costs drastically.

The last sudden energy breakthrough involving a genuinely new form was fusion’s little sibling, fission. Today’s hopes of abundant, cheap power from banging atomic nuclei together echo similar optimism about splitting them in the 1950s and 1960s. Yet here we are 65 years after the first commercial reactor switched on, still debating how much of a future this once-vaunted energy of the future truly has. Ironically, here in the US, the hopeful side of that debate centers on small modular reactors or, put another way, refinement of the existing technology.

If this all sounds like a bit of a downer heading into the new year, it shouldn’t. Consider that we have made great strides in extending access to reliable energy, using shale gas to replace coal-fired power — and constrain Moscow’s power — and deploying renewable sources at ever faster rates. Even if Tesla Inc. is closing out the year with its stock seemingly in free fall, electric vehicles are now the source of all growth in the global auto business. And all of this is happening less because of some quantum leap but instead reasonably steady progress on familiar fronts: manufacturing efficiency, financial backing, political will. There remains huge untapped potential in our existing technologies, be it redesigning electricity tariffs to encourage smarter consumption, upgrading building codes to require better insulation and heat pumps or — more advanced but quite feasible — utilizing the batteries in parked EVs as grid resources.

Besides fusion, there is great excitement around other transformational energy sources and related technologies, such as hydrogen and direct-air carbon capture. Hydrogen isn’t new, of course; rather, it is the concept of producing that gas without emissions and using it to replace coal and natural gas that has people excited. While hydrogen certainly looks as if it will be useful where electrification isn’t, such as in high-temperature industrial processes, the current hype looks overdone. For example, visions of fleets of specialized tankers shipping the stuff around the globe run into the reality of hydrogen’s inherent lightness — meaning lots of expensive voyages needed — as Bloomberg NEF founder Michael Liebreich lays out here.

One thing all these mooted silver bullets have in common is timing, with advocates expecting them to be the next big things by mid-century, coinciding with many countries’ net-zero emissions targets. Yet they are all competing essentially for the same thing. For example, if fusion power became cheap and ubiquitous, the addressable market for hydrogen and carbon capture of any kind shrinks enormously. Similarly, if carbon capture ends up working well and economically, just use natural gas, which is far easier than hydrogen to handle and transport.

Meanwhile, in the background, we’ll have been collectively tinkering with renewables, batteries and other iterations of all the existing clean tech for a few more decades. There’s a decent chance that some of the energy of tomorrow gets stranded the day it arrives.

More From Bloomberg Opinion:

• Fusion Cynics Reflect a Century of Genius and Hype: Stephen Mihm

• Chile Bets Big on the Hydrogen Revolution: Eduardo Porter

• How to Fund Climate Plans Amid a Currency Crisis: David Fickling

(1) PERC stands for Passivated Emitter and Rear Cell. This design improves the top and rear side of a silicon solar cell in order to keep electrons moving freely for longer, thereby generating electricity more efficiently.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Liam Denning is a Bloomberg Opinion columnist covering energy and commodities. A former investment banker, he was editor of the Wall Street Journal’s Heard on the Street column and a reporter for the Financial Times’s Lex column.

More stories like this are available on bloomberg.com/opinion



Read More:What Fracking Can Tell Us About the Future of Fusion

2022-12-27 14:11:02

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We can’t forget the health dangers of fracking | Opinion https://newsdaily.business/2022/12/18/we-cant-forget-the-health-dangers-of-fracking-opinion/ https://newsdaily.business/2022/12/18/we-cant-forget-the-health-dangers-of-fracking-opinion/#respond Sun, 18 Dec 2022 13:43:46 +0000 https://newsdaily.business/2022/12/18/we-cant-forget-the-health-dangers-of-fracking-opinion/ By Joseph Otis Minott Although it’s taken far too long – and so much work lies ahead – confronting the climate crisis has become a defining policy goal of the U.S. government, and people are starting to notice. International conferences like COP27 draw extensive coverage, and more and more parts of society are taking part in […]]]>


By Joseph Otis Minott

Although it’s taken far too long – and so much work lies ahead – confronting the climate crisis has become a defining policy goal of the U.S. government, and people are starting to notice. International conferences like COP27 draw extensive coverage, and more and more parts of society are taking part in the conversation around climate change. Whether that talk will lead to necessary action is still unclear, but people are recognizing the need to move away from fossil fuels, including fracked gas.

Yet climate impacts are just one aspect of the threat posed by fossil fuels. A growing body of research is confirming a dangerous link between fracking and a wide range of health problems. It’s time Pennsylvania residents and regulators demand these health risks be addressed, including by establishing safer distances between fracking sites and people’s homes under state law.

A recent Yale School of the Environment report details the established connection between fracking and health risks. Physicians for Social Responsibility and Concerned Health Professionals of New York report that 17.6 million people live within a mile of a fracked oil or gas well. That’s a public health crisis, according to the healthcare professionals and scientists in the group.

Earlier this year, Yale researchers found that children living near Pennsylvania wells that use fracking to extract gas (aka methane) are two to three times more likely to contract a form of childhood leukemia than their peers who live farther away. Another study from Harvard found that elderly people living near or downwind from gas pads have a higher risk of premature death than seniors who don’t live in that proximity.

After COP27, all signs point to world blowing past the 1.5 degrees global warming limit | Opinion

Across thousands of peer-reviewed research papers, the health effects linked to exposure to fracking include respiratory conditions, heart disease, cancer, stress, and adverse effects on the developing fetus. For at-risk groups and all Pennsylvania residents, greater protections are needed. There are a few commonsense actions we can take now.

The first is to require safer distances between these toxic fracking sites and the areas where people live and work. Known as setbacks or protective buffers, these limits on how close fracking infrastructure can be to buildings, schools, hospitals, and natural resources are established in Pennsylvania law. Currently, Pennsylvania only requires that well pads be 500 feet from residential buildings. Some well pads are 40 acres across – yet can be within 500 feet of a school or hospital. According to the Yale study and many others, a 500-foot barrier is woefully inadequate in protecting populations from the health hazards of fracking.

Earlier this year, Clean Air Council partnered with several Pennsylvania environmental groups to form Protective Buffers PA. The Coalition calls for statewide action creating larger protective buffers between fracking sites and our communities and natural sites.

Some states, such as New York, have banned fracking because of its negative impact on public health. Pennsylvania should do the same.

But if fracking is going to be allowed, Protective Buffers are a proven and no-cost solution to the public health crisis caused by fracking.

Yet in the context of a growing body of research and the tremendous threat of climate change, these setbacks should only be a stepping stone toward a more permanent and impactful solution: to deliberately phase out fracking and methane production and transition to a renewable energy.

Fracking poses a threat to current and future Pennsylvania residents.

It poses a threat to our current and future environment. It poses a threat to our current and future communities. It’s time to create a safe distance between our schools, hospitals and residences and fracking as we work to phase out fossil fuels for good.

Joseph Otis Minott is the executive director and chief counsel of Clean Air Council in Philadelphia. His work appears frequently on the Capital-Star’s Commentary Page.



Read More:We can’t forget the health dangers of fracking | Opinion

2022-12-18 11:39:28

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Civitas gets thumbs up for 10 fracking wells in Thornton https://newsdaily.business/2022/12/04/civitas-gets-thumbs-up-for-10-fracking-wells-in-thornton/ https://newsdaily.business/2022/12/04/civitas-gets-thumbs-up-for-10-fracking-wells-in-thornton/#respond Sun, 04 Dec 2022 18:39:49 +0000 https://newsdaily.business/2022/12/04/civitas-gets-thumbs-up-for-10-fracking-wells-in-thornton/ Thornton city council approved a proposed 10-well fracking site at the southeast corner of the E-470 and I-25 intersection on Nov. 29 on a 6-2 vote.  “You’ve done everything that can be done for that location,” Mayor Jan Kulmann said. Civitas Resources Inc. bought land from Sands Partners LLC and will use 3.6 acres to […]]]>


Thornton city council approved a proposed 10-well fracking site at the southeast corner of the E-470 and I-25 intersection on Nov. 29 on a 6-2 vote. 

“You’ve done everything that can be done for that location,” Mayor Jan Kulmann said.

Civitas Resources Inc. bought land from Sands Partners LLC and will use 3.6 acres to develop 10 wells. However, the rest of the land plans to be developed as well. A proposal is awaiting city council approval for 1.3 million square feet of warehouse development next to the fracking site. 

The site will be active for 20-30 years.

Even if city council didn’t approve the project, it would’ve most likely been given the green light through a different route of authorization. Thornton’s Municipal Code outlines three different routes, according to Colin Wahab, acting planning manager. 

The Oil and Gas Permit Process requires a public hearing if the minimum requirements are satisfied, the Expedited Oil and Gas Permit Process says staff approves administratively if the operator meets heightened standards, and the Operator Agreement, which is approved by city council and establishes a framework for environmental, public health, safety and welfare. 

Civitas went through an operator agreement and staff recommended approval. According to Wahab, the negotiated terms are more protective than city and state requirements, the operator agreed to plugging and abandoning existing wells within the city, the city will receive financial reimbursements, higher insurance and assurance requirements, there will be training and coordination with the fire department and the operator conducted a location analysis to see where the best location would be.

Some of the negotiated terms that exceed protective requirements include using electric equipment on site, Tier 4+ fracturing pumps, ongoing 24-hour computerized monitoring, response to Ozone Action Days and early implementation of Leak Detection and Repair inspections. 

As well, there will be a water quality testing program to anyone with an available water source within a half mile of the radius of the location and the fluids used will be PFAS-free. 

The development is also required to keep the city informed of relevant information through notification and reporting that would not otherwise be required. An annual review, evaluation, and update of the Cumulative Impacts Plan will also be provided. 

Civitas will remove five wells, ten tanks, five gas meter stations, five separators and four miles of pipeline.

For financial reimbursements, $220,000 will go towards emergency equipment and training, $100,000 towards the cost of road and infrastructure impacts, and up to $175,000 to verify ongoing compliance with the heightened standards of the agreement. 

Kulmann’s questions 

Kulmann, who is also an oil and gas engineer, peppered the applicant with over seven questions. 

She asked whether or not the wells will be filled if the project wasn’t approved. The operator said they wouldn’t be.

Kulmann asked for the company to post their website and phone number for concerned residents to contact them for concerns. They agreed. 

She also asked if they plan to use recycled fracking water, and they said no. 

At the Oct. 24 planning session, Kulmann also asked for electric fracks, and she asked for it again on Nov. 29. The operator said they are evaluating the technology. 

She also asked when the operations plan to begin. Once the process is approved and goes through the application process, they expect summer of 2023 with production starting a year after, company reps said. 

For ozone awareness, she asked what their plan is for nonattainment days, and the applicant said it’s a judgment call based on the day’s situation and will come down to the final hour. 

Health and safety 

City Councilor Kathy Henson asked if the staff had any concerns for health and safety. Wahab said city staff looks at code requirements for guidance.

“We believe this operator agreement is the best path forward,” he said. 

Lisa McKenzie, associate professor at Colorado School of Public Health, said in an interview that 60 epidemiological studies around oil and gas across the United States have been consistent in showing that people living nearest to oil and gas are more likely to have children with adverse birth outcomes, such as low birth weights and premature births. 

The studies also show that children with congenital heart defects are more likely to be living near oil and gas wells. The same goes for asthma. 

Stargate Charter School sits about 1.5 miles south of the development and Little Lights Christian Early Learning Center is about .5 miles south. 

Stargate Executive Director of Academics Kate Sivarajah said the school has no comment on the site. Arlene Masterson, owner of Little Lights Christian Early Learning Center, did not respond to requests for comment. 

Within a half mile of the site, there are 56 parcels and of those parcels, 35 are believed to have residential uses. The rest are primarily commercial.

“We know that the total evolved organic compounds coming out (of fracking wells) together have been associated with respiratory symptoms. We also know that people living around oil and gas in other places have complained of things like upper respiratory symptoms, skin rashes, bloody noses and things like that,” she said. 

In an interview, Jeffrey L. Collett, a professor at Colorado State University’s school of engineering, explained with fracking comes air pollution. 

He pointed to a few of the specific emissions: methane, fine particles, nitrogen oxide, benzene and a wide range of volatile organic compounds. 

Collett said those living close to the development should be most concerned with benzene.

The pollutant comes from wildfires, fueling stations and oil and gas developments. He said it’s a carcinogen and the effects are felt from decades of exposure. Lew said the site will be active for 20-30 years.

Scientists found living, working or going to school within 2,000 feet of sites emitting benzene leads to health risks. Beyond 2,000 feet is currently under investigation by scientists. 

The other chemicals emitted, like methane and nitrogen oxide, affect the broader community. He said methane contributes to global warming substantially more than carbon dioxide. Nitrogen oxide reacts in the atmosphere and leads to hazy days. 

“Oil and gas developments along the Front Range can contribute to the regional ozone and fine particles haze episodes that we have,” he said. “Those aren’t a concern for those living next to the operation, but more for everybody living in the bigger region of 100 miles or more.” 

Both City Councilor Julia Marvin and Henson both voted no on the proposal due to health concerns.

“I have a lot of concerns for the health and safety of our residents with this time of operation that’s going in,” Marvin said. 

In addition to health reasons, Henson noted that with Thornton being a growing city, that space could be used for something else.

“I have grave concerns about health and safety, ramifications, the location, it’s in proximity to schools and businesses, housing,” Henson said.





Read More:Civitas gets thumbs up for 10 fracking wells in Thornton

2022-12-04 17:24:30

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Allegheny Township approves natural gas fracking deal beneath the Tredway Trail https://newsdaily.business/2022/11/19/allegheny-township-approves-natural-gas-fracking-deal-beneath-the-tredway-trail/ https://newsdaily.business/2022/11/19/allegheny-township-approves-natural-gas-fracking-deal-beneath-the-tredway-trail/#respond Sat, 19 Nov 2022 17:31:46 +0000 https://newsdaily.business/2022/11/19/allegheny-township-approves-natural-gas-fracking-deal-beneath-the-tredway-trail/ Allegheny Township supervisors are pumping up the township coffers with approval of an oil and gas lease with Olympus Energy. The “nonsurface lease” approved unanimously by the township’s three supervisors is for 27.7 acres of the Tredway Trail. Township Manager Greg Primm said the land involved is from the end of the trail at Braeburn […]]]>


Allegheny Township supervisors are pumping up the township coffers with approval of an oil and gas lease with Olympus Energy.

The “nonsurface lease” approved unanimously by the township’s three supervisors is for 27.7 acres of the Tredway Trail.

Township Manager Greg Primm said the land involved is from the end of the trail at Braeburn in Lower Burrell up to the yacht club along the Allegheny River.

Under the terms of the agreement, the township stands to raise at least $61,000 in revenue and conceivably a lot more depending on how much natural gas is extracted.

The agreement calls for Olympus to pay the township $2,200 per acre upfront, which totals $60,940. In addition, the township will receive a royalty of 16.5% on the value of the gas extracted.

“They only need to use a third of the trail, but they are offering us on all 27 acres because it is the township,” Primm said, adding that Olympus views it as a way to help out the township.

Energy companies obtain the lease agreements for fracking, or hydraulic fracturing. It’s a process in which oil and gas are extracted from Marcellus shale bedrock thousands of feet below the surface by injecting a high-pressure mixture of water, sand or gravel and chemicals.

Supervisors chairman Mike Korns said: “That offer came in lower, but our township manager negotiated with them and came up with what I consider to be a damn good deal.”

He said the gas well involved with the lease actually was drilled in Upper Burrell, but it draws underground natural gas that is in Allegheny Township.

Representatives from Olympus Energy did not respond to messages from the Trib seeking information about whether users of the trail will notice any drilling activity.



Read More:Allegheny Township approves natural gas fracking deal beneath the Tredway Trail

2022-11-19 12:00:00

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Both political parties accept fracking, but why? https://newsdaily.business/2022/11/02/both-political-parties-accept-fracking-but-why/ https://newsdaily.business/2022/11/02/both-political-parties-accept-fracking-but-why/#respond Wed, 02 Nov 2022 04:07:50 +0000 https://newsdaily.business/2022/11/02/both-political-parties-accept-fracking-but-why/ HARRISBURG, Pa. (WHTM) — The election is in one week and Republicans and Democrats are battling over many different issues. One of the issues that has fallen off the political landscape is fracking. A topic that was once contentious, is now accepted by both parties. abc27’s Dennis Owens went looking for answers as to why […]]]>


HARRISBURG, Pa. (WHTM) — The election is in one week and Republicans and Democrats are battling over many different issues.

One of the issues that has fallen off the political landscape is fracking. A topic that was once contentious, is now accepted by both parties. abc27’s Dennis Owens went looking for answers as to why this is.

Get the latest Pennsylvania politics and election news with Your Local Election HQ.

“I strongly support fracking,” said Oz during the Pennsylvania Senate Debate.

This response wasn’t a surprise coming from Republican candidates like Mehmet Oz and Doug Mastriano. But what about a progressive Democrat like John Fetterman?

“I do support fracking,” stated Fetterman during the Pennsylvania Senate Debate.

“Climate change is probably the biggest long-term threat to the planet,” said Greg Vitali, the Chair of the House Environmental Committee. He says political survival is at play.

Vitali stated that “Democrats have to take this nuanced, perhaps intentionally ambiguous position, in regard to fracking to get elected.”

Fracking supports argue, like James Carville, that “it’s the economy stupid.” Construction jobs for workers, cheaper energy for everybody else. The president of the Marcellus Shale Coalitions insists that burning gas is good for the environment.

“When you look at overall air quality, increased use of natural gas has brought pollution down,” said Dave Callahan of Marcellus Shale Coalition.

House Bill 1059 was passed last week, steering $60 million a year in tax credits for the building of plants that burn natural gas. This bill wouldn’t have passed without Democrats listening to the construction unions, who voted yes.

“It’s frustrating losing battle after battle on environmental issues like fracking because labor is peeling off democratic votes,” said Vitali.

Democrat Josh Shapiro, who is running for Governor, said he’s pro-environment and pro-fracking.

When asked if he trusts Josh Shapiro, Callahan said the following: “I agree with the sentiment that it’s not an either or proposition we can have both.”

Does he trust Fetterman, who once professed opposition to fracking? Callaham said, “We take people at their words we heard him say he’s supportive of the industry.”

Finding politicians who aren’t supportive of fracking is much harder to find.



Read More:Both political parties accept fracking, but why?

2022-11-01 22:44:50

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