Solar power tends to be big because it covers a large amount of area with its panels. The world’s largest solar thermal power plant (by physical size) is nearly double the size of the original largest in Denmark — is now online in Saudi Arabia, reinforcing the notion that this Saudi Arabia has a lot of oil and a lot of sunlight. As long as the sun shines this sort of power is virtually (more…)
Traditionally, the geopolitical reality plays out like this: the United States relies on politically sensitive Middle Eastern petroleum, which makes the U.S. particularly sensitive to oil price volatility, which in turn, compels the U.S. to invest money and human capital in guaranteeing supply.
But as a major corn producer, the United States commits corn resources to biofuels in the name of moving towards energy independence, price security, and a clean energy economy. Meanwhile, China is industrializing, making a lot of money in the process, and beginning to suck up a rapidly growing percentage of the global supply of crude oil.
Dow Chemical Company, a worldwide leader in the global chemical industry, and sponsor of the 2010 Dow Live Earth Run for Water, has entered into agreements with the new Saudi Arabian King Abdullah University of Science and Technology (KAUST) for developing cleaner, new routes for producing chemical derivatives.
The two are also looking into ways for carbon capture –a method which proposes to suck up and store greenhouse gas emissions.
Although many of the chemicals produced by the American chemical giant are used in the petroleum distilling and petrochemical industries, with much of the company’s “raw material” is coming from Saudi Arabia.