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terminal to the Valero Memphis Refinery, and the ability to access Valero Energy Partner’s Collierville pipeline. Valero holds an option until January 2016 to become a partner in the Diamond Pipeline and purchase a 50% interest. Plains All American Pipeline, L.P.
UPS plans to purchase approximately 700 liquefied natural gas (LNG) trucks and to build four refueling stations by the end of 2014. An initial investment of more than $18 million to build fueling stations will be supported by the purchase of the 700 LNG tractors and continued expansion of the natural gas fleet in the US. .;
Elon Musk’s artificial intelligence startup, xAI, is reportedly looking to secure a 21-year lease for a plot of land in Memphis, Tennessee. The property, which is currently owned by Economic Development Growth Engine for Memphis and Shelby County (EDGE), spans over 500 acres. every year, Commercial Appeal noted.
Axion Power said this first $400,000 purchase order is part of a $475,000 total purchase order, that will be used in the commissioning of Norfolk Southern’s NS-999 ( earlier post ). The Crescent Corridor is a 2,500-mile (4,023-km) rail network supporting the supply chain from Memphis and New Orleans to New Jersey. Earlier post.)
Mullen Technologies aims to bring more than 400 jobs to Memphis, invest $336 million – Electric vehicle manufacturer Mullen Technologies is looking to expand into Memphis, creating more than 400 jobs in the process. battery production business through 2025 and add 4,000 jobs as it considers building at least two new U.S.
Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. This will allow us to build a platform that doesnt just reflect the world but actively accelerates human progress. xAI and Xs futures are intertwined.
Brightline has itself been spending hundreds of millions of dollars more than it is earning, because of build-out costs, its officials say. In Las Vegas, Brightline West, as the Los Angeles-to-Vegas service is called, will arrive at a new terminal on the Strip where the company has purchased more than 100 acres it plans to develop.
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