the tonne of oil equivalent (toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil. it is approximately 42 gigajoules, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist. the toe is sometimes used for large amounts of energy. multiples of the toe are used, in particular the megatoe (mtoe, one million toe) and the gigatoe (gtoe, one billion toe). a smaller unit of kilogram of oil equivalent (kgoe) is also sometimes used denoting 1/1000 toe. ==definitions== the iea/oecd define one toe to be equal to 41.868 gj american physical society or 11.63 mwh. some organisations use other definitions of toe, for example: *1 toe = 11.63 megawatt hours *1 toe = 41.87 gigajoulesdefinition at 41.85 gj *1 toe = 39,683,205.411 btu *1 toe = 7.11, 7.33, or 7.4 barrel of oil equivalent (boe) *1 tonne petroleum equivalent (tpe), as used in renewable energy, 45.217 gj (gigajoules). ==conversion factors== *1 barrel of oil equivalent (boe) contains approximately 0.146 toe (i.e. there are approximately 6.841 boe in a toe). *1 t diesel = 1.01 toe *1 m3 diesel = 0.98 toe *1 t petrol = 1.05 toe *1 m3 petrol = 0.86 toe *1 t biodiesel = 0.86 toe *1 m3 biodiesel = 0.78 toe *1 t bioethanol = 0.64 toe *1m3 bioethanol = 0.51 toebiofuels in the european union progress report *1 mwh = 0.086 toe iea statistics (therefore 1 toe = 11630.0 kwh) the society of petroleum engineers *at thermal power plant, 1 mwh generated with 0.22 toe fuel or 0.39 mwh with 0.086 toeworld energy council (39% thermal to electrical conversion efficiency) tonne of oil equivalent should be used carefully when converting electrical units. for instance, bp's 2007 report used a factor of 38% efficiency (the average efficiency of oecd thermal generating units in 2006), or roughly 16 gj per toe, when converting kilowatt-hours to toe.{{cite web |url=http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2007/staging/local_assets/downloads/spreadsheets/statistical_review_full_report_workbook_2007.xls |title=bp statistical review of world energy 2007 |accessdate=2007-11
Petroleum_economics Units_of_energy