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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.
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.)
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.).
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
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.
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.
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.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)
(Nasdaq: LCID), maker of the worlds most advanced electric vehicles, today announced it has reached an agreement to acquire select facilities and assets in Arizona previously belonging to Nikola Corporation, subject to approval by the U.S. Bankruptcy Court for the District of Delaware.
Stationary Fuel Cells and Hybrid Transit Buses Incremental Costs: The purchase of diesel-electric hybrid transit buses and stationary fuel cells for use in the statewide bus system in Connecticut. Statewide Paratransit Bus Hybrid Program: Purchase 31 paratransit hybrid buses to replace 31 gas and diesel vehicles.
Eligible projects include the purchase or lease of buses powered by modern, efficient technologies. The City and Borough of Juneau will receive funds to purchase new electric buses to replace aging diesel buses, associated charging infrastructure, and a back up generator. Delaware Transit Corporation. Project Sponsor.
The Valero purchase agreement provides for a purchase price of $280 million, plus the value of inventory and certain pre-paid expenses, subject to certain customary adjustments. VeraSun hedged its corn purchases during the price spike in the summer of 2008 when cost per bushel had soared to nearly $8. Earlier post.).
FTA’s Low-No Program supports transit agencies in purchasing or leasing low- or no-emission buses and other transit vehicles that use technologies such as battery electric and fuel-cell power to provide cleaner, more efficient transit service in communities across the country. Delaware Transit Corporation.
The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes. Previously, he was the Vice President and Corporate Controller for SolarCity, the solar panel manufacturer that Tesla absorbed in 2016 for $2.6
Blink Charging’s numerous corporate and government partnerships are based on our reputation for providing the best quality electric vehicle supply equipment (EVSE), design services, and turnkey business models. When any government-run agency in Colorado wishes to purchase EVSE, it will be from us, their designated supplier.
& Location information was more accurate than a few years prior, given increasing civilian and corporate access to military-grade GPS information. Assuming you received your state complimentary from GM at purchase, you’d need just $6,400 ($13,074 adj.) Of those, 1,000 were the units purchased by Avis. Let me know.
Bankruptcy Court for Delaware. ” Earlier in the year, it purchased equipment from defunct U.K. Canoo revealed production plans with the Netherlands’ VDL, then canceled them, with a following corporate move to Arkansas and then Texas. The startup announced its filing for Chapter 7 bankruptcy on Jan. 17 in the U.S.
It also points out that the reimplementation of the package was decided on in a rushed manner by a single director, which it calls “recklessly fast,” echoing the Delaware Court’s prior decision. Standard corporate ethics suggest that board members should be independent to ensure effective and unbiased direction of the company.
In 1997, Willett Kempton , a professor at the University of Delaware, and Steve Letendre , a professor at Green Mountain College, in Vermont, began publishing a series of journal articles that imagined the bidirectional EV as a resource for electricity utilities. Grid-stabilization functions were reborn as “ancillary services.”
electrical truck producer did not get to the bottom of a dispute over a promised funding from Taiwan corporate Foxconn. Lordstown, named later the Ohio the town the place it’s based totally, filed for Bankruptcy 11 coverage in Delaware and concurrently took felony motion towards Foxconn.
Those who want an electric vehicle and can afford it have every right to purchase one. People shouldn't be compelled to purchase them. We also have a large contingent of consumers that remain broadly unwilling to purchase any nontraditional powertrains until they’re absolutely positive it’s better than what they currently own.
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