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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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San Juan River-Raton-Black Mesa Basin (Arizona, Colorado and New Mexico): New Mexico Institute of Mining and Technology plans to determine the rare earth elements and critical minerals resource potential in coal and related stratigraphic units in the San Juan and Raton basins in New Mexico. DOE Funding: $1,499,997. DOE Funding: $1,499,987.

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DOE to award $4M to 9 projects to recover rare earth elements from coal and by-products

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The Department of Energy (DOE) has selected nine projects to receive approximately $4 million in cost-shared federal funding to improve the technical, environmental, and economic performance of new and existing technologies that extract, separate, and recover rare earth elements (REEs) from domestic US coal and coal by-products.

Coal 150
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US Coal companies merge: Murray Energy acquires controlling interest in Foresight Energy GP LLC for $1.395B

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As a point of comparison, Peabody Energy, the world’s largest coal company, with operations in the US and Australia, produced 227.2 million tons of combined production last year, according to the companies’ respective annual reports. Murray with ~65 million, Foresight with 22.5 million tons, about 83% of that (189 million tons) in the US.).

Coal 150
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DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

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Noting that coal accounts for roughly 25% of the world energy supply and 40% of the carbon emissions. Chu said that it was highly unlikely that the US, Russia, China and India, which account for two-thirds of the coal reserves, “ will turn their back on coal anytime soon.”.for University of Utah. DOE Share: $2,723,512).

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Stanford launches major new natural gas research initiative

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Compared with burning coal, natural gas emits about half the carbon dioxide and substantially less soot, mercury and sulfur. Zoback, Ritts and Schuller are in the process of building out NGI’s corporate affiliates program. —Mark Zoback, a professor of geophysics and NGI’s director.

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2022—The Year the Hydrogen Economy Launched?

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China, the world’s largest producer of hydrogen at upwards of 25 million tonnes a year, derives 62 percent of its total from coal, which creates 18 to 20 kg of CO 2 per kg of hydrogen. A massive substation at the coal-fired Intermountain Power Plant in Utah links the facility to transmission lines that deliver power to southern California.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Exxon Mobil Corporation is acquiring XTO Energy Inc. Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. in an all-stock transaction valued at $41 billion.

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