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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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German transport company SWEG and Daimler sign LOI for first Mercedes-Benz eCitaro REX with fuel cell range-extender

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The Südwestdeutsche Verkehrs-Aktiengesellschaft (SWEG) (Southwest German Transport Company), and Daimler Buses signed a letter of intent to bring the first Mercedes-Benz eCitaro REX with a fuel-cell range extender out of series production onto the road. The company is currently developing a concept for supplying the city bus with hydrogen.

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SAF company DG Fuels closes investments with two Japanese companies

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DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming. With the investments in DGF made by aviner & co.,

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Germany awarding €600M to transport companies for zero- and low-emission buses

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Germany is awarding some €600 million to transport companies for the purchase of climate friendly buses. Around 1,700 buses will be procured by the transport companies with this tranche of funding from the new “Directive on the Promotion of Alternative Drives of Buses in Passenger Transport”. Stadtwerke München GmbH: 71 battery buses.

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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. billion miles of heavy truck and cargo transportation.

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bp ventures invests $10M in waste-to-biomethanol company WasteFuel; offtake MoU

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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.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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This material will be used in the steelmaking process to offset other high-quality metallics that come with higher greenhouse gas emissions. The process developed by Electra produces Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity.

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