Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
ExxonMobil forecast: North America to become net energy exporter by 2025
Led by technological advances that allow for drilling natural gas and oil in shale and other previously unreachable locations, North America is poised to become a net exporter of energy by 2025. That’s according to a report issued Dec. 11 by energy giant ExxonMobil, entitled: “The Outlook for Energy: A View to 2040.” “Today, North […]
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
Led by technological advances that allow for drilling natural gas and oil in shale and other previously unreachable locations, North America is poised to become a net exporter of energy by 2025. That’s according to a report issued Dec. 11 by energy giant ExxonMobil, entitled: “The Outlook for Energy: A View to 2040.”
“Today, North America stands out as a prominent example of the dynamic nature of energy supply and demand over time. The region is capitalizing on advanced technologies to unlock huge oil and gas resources that were previously uneconomic to produce,” the company said in the report.
The fastest growth will be in natural-gas production. The company also predicts that natural gas will displace coal as the second-largest global fuel source by 2025.
ExxonMobil forecasts natural-gas demand to grow by 65 percent by 2040 and for the fuel to account for 30 percent of total global electricity generation by then.
The report also forecast wind, solar, and biofuel energy demand to increase more than five-fold by 2040 from 2010 levels. Still, those renewable-energy sources will only account for 3 to 4 percent of total world energy demand “as greater advances in technology are needed to increase the commercial viability and associated economics of developing these resources,” the report said.
New York ranks third in number of certified organic farms
In the growing field of organic farming, New York state ranks third in the country in number of certified farms, according to a new report from the U.S. Department of Agriculture (USDA). New York had 597 certified organic farms in 2011, behind California with 1,898, and Wisconsin with 870, the USDA’s New York field office
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
In the growing field of organic farming, New York state ranks third in the country in number of certified farms, according to a new report from the U.S. Department of Agriculture (USDA).
New York had 597 certified organic farms in 2011, behind California with 1,898, and Wisconsin with 870, the USDA’s New York field office said in a news release today.
New York’s certified organic farms sold a total of $107 million in organically produced commodities, including $38.5 million in crop sales and $68.3 million in sales of livestock, poultry, and associated products, the USDA said. Average sales totaled $186,668 per organic farm in the state.
Milk was the major driver of the Empire State’s organic farm sales, accounting for 56 percent, or $60.2 million, of total organic sales.
Organic crop sales included more than $22.1 million from field crops, $14.5 million from vegetables, and $1.36 million from fruit and berries, according to the USDA.
The USDA’s 2011 Organic Production Survey counted 9,140 certified organic farms and ranches in the U.S., comprising 3.6 million acres of land. Total certified organic product sales totaled $3.5 billion, up by $340 million from 2008. The average organic farm produced sales of $414,725 in 2011, nearly double sales of $217,675 in 2008.
Contact Rombel at arombel@cnybj.com
First Niagara Financial Group, Inc. (NASDAQ: FNFG) has a new chief marketing officer. The Buffalo–based banking company announced Avi Patel’s promotion to the post today.
Utica College to expand online programs
UTICA — Utica College is leasing space in the Harza Building in downtown Utica to expand its online division and reach out to new students
BlueRock Energy starts price index for CNY electricity
SYRACUSE — BlueRock Energy, Inc. is publishing a new index it says will allow businesses to compare wholesale electricity prices with those on their energy
New law firm specializes in estate planning, elder law
UTICA — Elder law attorney Robert Hilton, III opened a new law firm to provide estate planning and elder law advice and services. Hilton Estate
Hummel’s Office Plus acquires CNY Office Products in Cortland
MOHAWK — Office-product dealer Hummel’s Office Plus has added to its list of retail locations by purchasing CNY Office Products of Cortland. Mohawk–based Hummel’s closed
DeWITT — PPC, a DeWitt–based developer and manufacturer of connectors used in telecommunications applications, has been acquired by Belden, Inc. (NYSE: BDC) in a deal
Casual apparel retailer Buckle to open store at Destiny USA next spring
SYRACUSE — Destiny USA announced today that The Buckle, Inc. a retailer in casual apparel, footwear, and accessories, plans to open a nearly 4,900-square-foot store
ESF President Murphy to step down
SYRACUSE — Cornelius Murphy, president of the State University of New York College of Environmental Science and Forestry (ESF) since 2000, will step down after
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.