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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

Green Car Congress

The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 Uzbekistan started forming a banking consortium to finance the plant construction in September 2013.

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FCA US reaches settlements on diesel emissions at estimated cost of $800M

Green Car Congress

The estimated total cost of settlements is $0.8 Customer compensation, the estimated future cost of the extended warranty and the cost of environmental mitigation efforts also account for approximately $400 million, bringingbthecestimated total to $800 million. liter EcoDiesel V-6 engines.

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DOE releases five-year strategic plan, 2014-2018; supporting “all of the above” energy strategy

Green Car Congress

The US Department of Energy (DOE) released its five-year 2014-2018 Strategic Plan. Leverage increased private sector financing for deployment of “all of the above” energy technologies. Reduce the cost of plug-in vehicle battery technology to $300/kWh by 2015 and $125/kWh by 2022. watt utility, $2.37/watt watt commercial, and $3.10/watt

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. A key feature of the 2014 result was the rapid expansion of renewables into new markets in developing countries. billion.

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Pennsylvania awards $3M+ in 33 incentive grants for alternative fuel vehicles

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DEP will announce the focus of the next round of grants when it opens, which is expected in early 2014. The Act 13 Natural Gas Vehicle grants are financed by impact fees paid by natural gas operators. Grant requests can be no more than 50% of the incremental purchase or retrofit 10 January 2014, and will be awarded in the spring.

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BNEF forecasts EVs to be 35% of global new car sales by 2040; cost of ownership below conventional-fuel vehicles by 2025

Green Car Congress

A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014. Although some 1.3

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KiOR halts cellulosic fuels production at Columbus in Q1 to optimize production; need for R&D to boost yield and cut costs

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The current execution plan for 2014 is to focus exclusively on bringing the plant to its nameplate basis, and further to develop yield and process efficiency through R&D. For the 2014 percentage standards, EPA proposed reducing the overall target to 15.21 To that end, we expect to spend $22 million in support of R&D in 2014.

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