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a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide. Raven SR Inc., Earlier post.).
The proceeds will be used to advance the development of commercial scale applications to decarbonize the transportation sector. Infinium Electrofuels have the potential to help investor Amazon and other companies to decarbonize their operations and meet their net-zero carbon goals. —Robert Schuetzle, CEO of Infinium.
SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). Earlier post.).
In August 2020, Phillips 66 announced that it planned to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. In April, the company completed the diesel hydrotreater conversion, which will ramp up to 8,000 bbl/d (120 million gallons per year) of renewable diesel production by the third quarter of 2021.
will more than double its annual production of renewable diesel with the completion of a second Honeywell Ecofining process unit with a capacity of 30,000 barrels per day (bpd). and is the largest commercial advanced biofuel facility in the United States. Diamond Green Diesel facility in Norco, La., and Darling Ingredients Inc.,
Aemetis, a renewable fuels company focused on negative carbon intensity products ( earlier post ), has signed a 10-year, 450-million-gallon renewable diesel supply agreement with an industry-leading travel stop company, which is expected to generate more than $3 billion in revenue. The industrial site has 710,000 s.f.
The investment will support acceleration of Infinium’s commercial developments globally. Infinium Electrofuels technology converts carbon dioxide waste and renewable power through its proprietary process to create hydrogen-based alternatives to traditional fossil-based fuels. Earlier post.)
Oberon Fuels, producer of clean-burning dimethyl ether (DME) transportation fuel, has begun production of the first renewable DME (rDME) in the United States, and the only current commercial production of this in the world. It is the first time this feedstock has been used to make rDME at commercial scale.
earlier known as Synthetic Genomics, has signed a joint development agreement with ExxonMobil Research and Engineering Company (EMRE) with the intent to bring Viridos’ low-carbon intensity algae biofuels toward commercial levels. Viridos Inc.,
Vulcan Energy Resources signed an agreement with chemical park management company Infraserv to secure a site for its planned Central Lithium Plant (CLP) of its Zero Carbon Lithium Project, at the Ho?chst chst Chemical Park (Industriepark Ho?chst), chst), located just outside of Frankfurt.
MPC) and ADM announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. In addition to the Spiritwood joint venture, the companies anticipate working together to explore other opportunities for agriculture to support renewable transportation fuels.
entered into a three-year supply agreement with The Chemours Company to acquire a minimum of 2,500 tons per year of natural monazite sands, one of the highest-grade rare earth element (REE) minerals in the world. The company has a goal to process 15,000+ tons of monazite and other sources of ore per year for the recovery of REEs and uranium.
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. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.
the developer of a technology to produce renewable hydrogen using sunlight and water ( earlier post ), is working with Suzhou GH New Energy Co. To further support the economics of the new panel, there is currently no tariff on the solar cells the company buys from China. HyperSolar, Inc., a971e208cf8868385b724c7daf30e9eb. >
Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Hyundai Motor signed an MOU with Shanghai Electric Power Co., Shanghai Sunwise New Energy System Co.,
The project, which is supported by a long-term commercial commitment from Neste, is expected to commence operations in the first quarter of 2023. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.
Chevron Corporation and Renewable Energy Group announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 REG was a founder of the renewable fuels industry and has been a leading innovator ever since. billion, or $61.50 Total enterprise value of $2.75
SunGas Renewables Inc. announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. SunGas Renewables anticipates BLRE will invest approximately $2 billion to construct the project at the former International Paper facility in Rapides Parish.
Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley.
Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 2022) “A high-performance capillary-fed electrolysis cell promises more cost-competitive renewable hydrogen.” Hoang, A.L.,
This will be the world’s first demonstration project in which a large amount of ammonia will be co-fired in a large-scale commercial coal-fired power plant. The two companies are moving forward with design and construction. Ammonia enables efficient, low-cost transport and storage of hydrogen.
Loop Energy, a hydrogen fuel cell company providing solutions for the commercial vehicle markets, announced that Skywell New Energy Vehicles Group (Skywell) received index approval from China’s Ministry of Industry & Information and Technology (MIIT) for a zero-emission public transport bus powered by Loop Energy’s fuel cell systems.
billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. We looked at over 100 companies, many of them in the EV and renewable energy space. Scott Leonard, CEO of SOAC, will join the board of The Metals Company.
Volta, an electric vehicle (EV) charging and media company, announced that a project application it collaborated on with Imagen Energy, a developer of compact high-power EV chargers, was awarded a $12-million grant from the US Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). Earlier post.).
Cemvita scientists increased microbe performance by six and a half times the rate needed to produce hydrogen at $1/kg, a key milestone necessary to advance the program toward commercialization. According to a report from S&P Global Commodity Insights, the cost of electrolytic hydrogen from renewable energy spiked as high as $16.80/kg
The members are committed to deploying 1,000 hydrogen fuel cell electric buses, along with supporting infrastructure, in European cities at commercially competitive rates. It is essential that commercial players join forces to realize the true zero-emission mobility society. per kilometer. This is comparable to diesel.
billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. The company is expected to start production in the first quarter of 2026. Brazil’s Acelen will invest more than R$12 billion (US$2.44
Electra uses renewable energy to refine low-grade iron ores into high-purity iron through electrochemical and hydrometallurgical processes. The process developed by Electra produces Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity.
Spain-based global energy company Repsol and Talgo, a manufacturer of intercity, standard, and high speed passenger trains, will promote a renewable-hydrogen-powered train, fostering emission-free rail transport in the Iberian Peninsula. As such, it is a mobility solution that doesn’t need long additional developments.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. We believe that there is no way around hydrogen to realize the energy transition towards renewables. At the 2022 Advanced Clean Transportation (ACT) Expo, Hyundai Motor will share the progress of the NorCAL ZERO Project.
The funding will help Sierra Energy further develop and commercialize its FastOx gasification technology, which converts virtually any waste into clean, renewable energy and fuels without burning. BNP Paribas SA, Twynam Investments Pty Ltd, Formica Ventures AB, and The March Fund I LP. —Mike Hart, Sierra Energy’s CEO.
A small dimethyl ether (DME) plant will be built either onsite or at another location, producing renewable DME from methanol for local industry. Iberdrola is developing 60 renewable and green hydrogen initiatives in eight different countries. The company has currently installed 1,122 MW of renewables (wind, solar and batteries).
Bridgestone Americas has produced a run of demonstration tires made with 75% recycled and renewable materials (38% renewable, 37% recycled content), including synthetic rubber made with recycled plastics and natural rubber harvested from hevea and guayule grown domestically.
Raven SR , a renewable fuels company, and Hyzon Motors Inc., a global supplier of hydrogen fuel cell-powered commercial vehicles, announced a joint venture to build up to 100 hydrogen hubs across the United States and globally. into locally produced, renewable hydrogen for Hyzon’s fleet of zero-emission commercial vehicles.
DCC plc, an international sales, marketing and support services group, has partnered with Oberon Fuels, the leading producer of renewable dimethyl ether (DME) ( earlier post ), to advance the design, construction and operations of multiple renewable DME production plants in Europe.
bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.
General Motors has agreed to form a strategic investment and commercial collaboration with Controlled Thermal Resources (CTR) to secure sustainably produced lithium from the CTR’s Hell’s Kitchen Lithium and Power development, located in the Salton Sea Geothermal Field in California.
Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas. Renewable power procurement.
to support its commercial-scale, emissions-free hydrogen manufacturing technology. Monolith Materials is the first US manufacturer to produce “turquoise hydrogen” on a commercial scale. Monolith Materials, Inc. has received an investment from Mitsubishi Heavy Industries America, Inc. Monolith process.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.
A joint industry partnership to commercialize clean, gold hydrogen, the program’s founding members include synthetic biology company Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal); and Chart Industries, Inc. (a a leader in clean energy solutions).
ZeroAvia recently completed the first hydrogen-fuel-cell-powered flight of a commercial-grade aircraft. The flight took place at the company’s R&D facility in Cranfield, England, with the Piper M-class six-seat plane completing taxi, takeoff, a full pattern circuit, and landing.
The company was founded by a well-experienced team from the automotive and new energy field, which has been working together over more than 5 years. CEO Brendan Norman said the company was focused on reaching market-leading volumes by 2025. This will give significant support to the hydrogen production industry.
Yamato Transport and Commercial Japan Partnership Technologies Corporation (CJPT) will begin studying the standardization and commercialization of replaceable and rechargeable cartridge batteries. CJPT intends to advance plans for commercial BEVs powered by cartridge batteries.
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