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Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

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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.).

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Amazon invests in electrofuels company Infinium

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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.

Companies 435
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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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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.).

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Phillips 66 progressing its conversion of California refinery to renewable fuels

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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.

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Diamond Green Diesel to more than double renewable fuel capacity using second Honeywell Ecofining unit; 675M barrels renewable diesel per year

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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.,

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Aemetis signs $3B, 10-year supply agreement for 450M gallons of renewable diesel with industry-leading travel stop company

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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.

Renewable 321
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SK invests in electrofuels company Infinium

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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.)

Companies 435