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Casterra to sell castor seeds for cultivation to leading oil and gas company; $9.1M initial purchase

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signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy.

Oil 276
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Eni report: global oil reserves and oil production up in 2018 due to US

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Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The first volume of the report, the World Oil Review, is devoted to oil reserves, supply, demand, trade and prices with a special focus on crude oil quality and on refining industry.

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bp and Maersk Tankers carry out successful trials of B30 in two tankers

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Each vessel was supplied with bp Marine B30 biofuel, consisting of 30% fatty acid methyl esters (FAME) blended with very low sulfur fuel oil (VLSFO). FAME is a renewable alternative fuel (biodiesel) largely produced from recycled cooking oils and renewable oil sources.

Mariner 334
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Benchmark: Saudi Arabia is building an EV battery supply chain

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Saudi Arabia’s ambitions for an EV supply chain are part of the diversification of the national economy away from oil, a project guided by the government’s Vision 2030 reform plan announced in 2016. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil. Earlier post.) Earlier post.)

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HEI study links fossil fuel combustion with more than 1 million deaths globally

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Coal combustion alone was responsible for half of those deaths, with natural gas and oil combustion accounting for the other half. The burning of solid biofuels, such as wood for indoor heating and cooking, is another major source of PM 2.5 , accounting for an additional 740,000 deaths, especially across South Asia and Sub-Saharan Africa.

Global 472
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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Carbon Engineering’s DAC-based climate solutions utilize standardized processes and proven industrial equipment. Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. Earlier post.)

Carbon 150
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. Implementing this project will save six million tons of CO 2 emissions per year.

Hydrogen 397