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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.

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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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A123 Systems receives bankruptcy court approval of stalking horse bidding procedures

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In addition to the stalking horse asset purchase agreement with Johnson Controls, A123 continues to engage in active discussions regarding strategic alternatives for its grid, commercial, government and other operations, and has received several indications of interest for these businesses. Bankruptcy Code. Earlier post.).

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FTA LoNo grant recipients to purchase 35 Proterra electric transit buses

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million, to purchase 35 Catalyst buses, bringing Proterra’s total number of firm orders to 287 vehicles from 38 cities across the United States. Delaware Transit Corporation, six 35' Catalyst XR buses. The 2016 LoNo grant winners will use their funds, a total of $22.8 With more than 2.4 With more than 2.4

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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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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.

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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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Chesapeake Energy Corporation entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 a subsidiary of Chevron Corporation. a subsidiary of Chevron Corporation. Non-core assets.

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