article thumbnail

Valero to Permanently Close 210,000 bpd Delaware City Refinery

Green Car Congress

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. billion to $1.8 billion, or $2.00

Delaware 186
article thumbnail

Tesla likely to leave Delaware after Musk moves SpaceX to Texas

Teslarati

Tesla is likely to leave the State of Delaware as its place of incorporation after CEO Elon Musk moved his aerospace company, SpaceX, to Texas yesterday. Musk’s move comes just weeks after a Delaware Court of Chancery Judge revoked his $56 billion pay package that was approved by Tesla Shareholders in 2018. ” Musk said.

Delaware 134
article thumbnail

German-US collaboration demonstrates strong power density results with HEM fuel cell

Green Car Congress

A German-US collaboration including OH-Energy Germany, GmbH; the University of Delaware; Fraunhofer ICT; and Leibniz Institute for Polymer Research released initial results demonstrating 616 mW/cm 2 peak power density at 80 °C for a hydroxide (OH - ) exchange membrane (HEM) fuel cell. Earlier post.). OH Energy, Inc. Fuel Cells Hydrogen'

Fuel 268
article thumbnail

Tesla is one step away from incorporating its business to Texas

Teslarati

Following the rescindment of CEO Elon Musk’s pay package, Tesla is considering moving its incorporation status from Delaware to Texas, and it is just one step away from doing so. Why did Tesla incorporate in Delaware? It now seems he has one foot out the door.

Texas 144
article thumbnail

Fisker Automotive to Buy Shuttered GM Assembly Plant for Project NINA Production

Green Car Congress

Fisker Automotive has selected the GM Wilmington Assembly plant in Wilmington, Delaware for production for Project NINA, the development and build of a family-oriented plug-in hybrid sedan costing about $39,900 after federal tax credits. Earlier post.). Fisker Automotive has signed a letter of intent with Motors Liquidation Co.

Fisker 186
article thumbnail

Canada and California to work together on cleaner transportation

Green Car Congress

Businesses that buy zero-emission vehicles are also now eligible for a tax benefit estimated to be worth around $13,000 in the year they purchase the vehicles. In the 2019 budget, the Government of Canada announced rebates of up to $5,000 for consumers on the purchase of zero-emission vehicles.

Cleaner 255
article thumbnail

PBF considering $550M investment to convert idled refinery unit to renewable diesel production

Green Car Congress

PBF Energy and its potential partners are considering Chalmette Refining along with other facilities for the renewable diesel project, and it expects to make a final investment decision after local taxing bodies in St. The company also is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.

Renewable 186