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Valero to Permanently Close 210,000 bpd Delaware City Refinery

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Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge. —Valero Chairman and CEO Bill Klesse.

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Biodiesel producer Renewable Energy Group to acquire F-T company Syntroleum

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REG) has entered into an asset purchase agreement under which it would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum, a Fischer-Tropsch gas-to-liquids and renewable diesel fuel technology company. Syntroleum has 101 patents issued or pending.

Renewable 268
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A123 Systems reaches agreement to sell substantially all assets to Wanxiang for $256.6M

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reached agreement on the terms of an asset purchase agreement with Wanxiang America Corporation through which Wanxiang would acquire substantially all of A123’s assets for $256.6 Excluded from the asset purchase agreement with Wanxiang is A123’s Ann Arbor, Mich.-based A123 Systems, Inc. Earlier post.)

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USDOT awarding $55M to support purchase of Low-No buses; electric buses and infrastructure

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Eligible projects included those that replace, rehabilitate, lease, and purchase buses and related equipment as well as projects to purchase, rehabilitate, construct or lease bus-related facilities, such as buildings for bus storage and maintenance. million for hydrogen fuel cell buses. Description. City of Fairfield. 746,456.

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Johnson Controls to acquire automotive assets of Li-ion maker A123 Systems for $125M; A123 and US subsidiaries file for Chapter 11 bankruptcy

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a developer and manufacturer of advanced Nanophosphate lithium iron phosphate batteries and systems, has entered into an asset purchase agreement with Johnson Controls, Inc. District of Delaware. We believe the asset purchase agreement with Johnson Controls, coupled with a Chapter 11 filing, is in. A123 Systems, Inc.,

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Aqueous Hybrid Ion battery company Aquion files for Chap. 11, targets sale of assets

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the developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and energy storage systems ( earlier post ), filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware. Aquion Energy Inc., Whitacre, J. Shanbhag, S., Mohamed, A., Polonsky, A.,

Companies 170
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Chesapeake selling Permian and midstream assets for $6.9B; Chevron, Shell and EnerVest acquiring Permian assets for combined $3.3B

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The company will use a portion of the proceeds from these asset sales to fully repay its $4.0 Chesapeake has entered into purchase and sale agreements with three companies covering the vast majority of its Permian Basin assets for total net proceeds of approximately $3.3 billion of term loans during the 2012 fourth quarter.

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