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ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors.
has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering.
Clean Diesel Technologies, Inc. has partnered with American Infrastructure Leasing (AIL), a provider of leases for aftermarket trucking equipment in North America, to offer leasing solutions for Clean Diesel’s ECS-branded diesel particulate filter (DPF) retrofit solutions to vehicle fleet owners and operators across North America.
Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds.
EcoDual, LLC, a provider of diesel-to-natural-gas dual-fuel conversion systems for heavy duty diesel powered trucks has partnered with Vision Financial Group (VFG) to provide lease-to-own financing options for fleet owners seeking to convert to natural gas operation.
million in additional financing from several investors, including the Iowa, Minnesota, Kansas and Illinois Corn Growers Associations. The ClearFlame solution leverages diesel-style mixing-controlled compression ignition (MCCI). The new funding will help ClearFlame deploy pilot Class 8 trucks with its patented technology.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The finished product generated by the RES Polyflow process is a light, sweet liquid known as pygas.
FCA US has reached final settlements on civil, environmental and consumer claims with US federal and state agencies as well as private class actions to resolve differences over diesel emissions requirements. Environmental Protection Agency (EPA) performed enhanced screening on diesel vehicles sold by all manufacturers. Background.
UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” The sale of hybrid cars will be allowed until 2035.
Audi plants’ filling stations transitioned to R33 Blue Diesel ( earlier post ) last year; Audi has now introduced the gasoline counterpart, R33 Blue Gasoline. R33 Blue Gasoline and R33 Blue Diesel consist of one-third renewable components, based exclusively on residual and waste materials. The remaining 67% is made up of fossil fuel.
million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Diesel Engines' Achates Power, Inc., director of engine research at Southwest Research Institute and 2002 SAE president.
Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.
In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). For example, New York State taxes for both diesel and gasoline rose $0.088/gal in January 2023 compared with July 2022.
Carbon Motors Corporation, developer of a diesel-engined law enforcement vehicle ( earlier post ), announced that the US Department of Energy (DOE) has indicated that it will not proceed with Carbon’s $310 million application for a direct loan under the Advanced Technology Vehicle Manufacturing (ATVM) program.
Startup US Fuel Corporation (USF), which plans to design, build, own and operate scalable facilities near coal mine sites to convert coal into synthetic fuels, will acquire coal-to-diesel intellectual property (IP) that USF co-developed with an executive team consisting of Paul Adams and Steve Luck. Andrew Halarewicz, Sr.
Axens Vegan technology is designed to hydrotreat a wide range of lipids and to produce a flexible slate of low-density and high cetane renewable diesel as well as renewable jet fuel. Renewable diesel and jet production is a simple two-step process. Vegan technology is based on catalysts developed, manufactured and provided by Axens.
has completed a $5-million capital raise to begin construction of its demonstration-scale plant for the production of synthetic, renewable diesel fuel from woody biomass using licensed technology. million liters (343,000 gallons US) of diesel per year. PwC Corporate Finance Inc. Canada-based start-up CelluFuel Inc.
Field tests being conducted in Gothenburg show that Volvo Buses’ plug-in hybrid reduces fuel consumption by 81% and total energy consumption (diesel plus electricity) by 61% compared to a comparable Euro 5 diesel bus. The 4-cylinder, 5-liter Volvo D5F diesel engine produces 215 bhp and is installed vertically. Earlier post.).
According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). million in capital costs through Fiscal 2035, or $28.3
Proterra Transit battery-electric buses feature zero tailpipe emissions, saving approximately 230,000 pounds of greenhouse gases annually when replacing a diesel bus. The company’s fleet of zero-emission, electric transit buses have displaced more than 140 million pounds of CO 2 tailpipe emissions.
The new-generation compact car benefits from gasoline (TSI); diesel (TDI); compressed natural gas (TGI); mild-hybrid (eTSI) and plug-in hybrid (eHybrid) units. Diesel remains an important technology in reducing carbon emissions, and the all-new Leon offers three diesel options: all 2.0-liter At the top is the 140kW/190PS 2.0-liter
Abellio Rail Mitteldeutschland, Alstom, Nahverkehrsservice Sachsen-Anhalt GmbH (NASA) and Rolls-Royce plan to implement jointly a new hybrid drive solution on Abellio’s fleet of Coradia Lint diesel trains. The Coradia Lint is a fuel-efficient diesel multiple unit (DMU) that can reach operating speeds of up to 140 kph.
At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov.
ARB’s Truck Loan Assistance Program received an additional $18 million to help small business fleet owners finance truck upgrades required under the ARB’s In-Use Truck and Bus Regulation. The Truck Loan Assistance Program is implemented in partnership with the California Pollution Control Financing Authority.
The Urban Lab 2 laboratory vehicle is the result of the EDIT (Efficient Distribution Truck) collaborative project, financed by the Single Inter-Ministry Fund, Auvergne Rhône-Alpes Region, Métropole de Lyon, Ain Department Council and the FEDER. Diesel now provides an effective response to the needs of the road freight transport sector.
The Showroom includes the State EV Policy Dashboard; EV Roadmap Roundup; EV Funding and Financing Guide; EV Tools and Calculators Clearinghouse; AchiEVe Toolkit; Freight Electrification Report; and ZEV State Scorecard. The State EV Policy Dashboard displays the status of 10 leading state EV policy strategies, updated monthly.
Alstom is supplying the iLint hydrogen trains ( earlier post ) for the Taunusbahn, Infraserv Höchst will operate the future hydrogen filling station and the State of Hesse and RMV are setting the course for the future and financing them. The implementation is on schedule; the total order volume is €500 million.
million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. million barrels per day of heating oils, kerosene and diesel oils. ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 As background, globally, in 2019, ExxonMobil sold some 1.9
has successfully demonstrated the conversion of municipal solid waste (MSW)—household garbage—into jet and diesel fuels. The two-stage MSW-to-jet or diesel process also starts with the syngas generated by gasification, but uses a Fischer-Tropsch process to produce jet fuel and/or diesel fuel. Fulcrum BioEnergy, Inc.
The assembly of the first commercial light-duty diesel plug-in hybrid has been successfully integrated on the same line as the company’s other models at the Torslanda plant in Gothenburg. The two companies have financed the development project jointly. Earlier post.)
Completion of the transaction with Tyson Foods, which is contingent upon the closing of REG’s December 2013 announced agreement to acquire substantially all of the assets of Syntroleum Corporation, would give REG full ownership of Dynamic Fuels and its 75-million gallon per year nameplate capacity renewable diesel biorefinery in Geismar, Louisiana.
has awarded an engineering services contract to Worley for the Aemetis “Carbon Zero” renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Aemetis, Inc.
The project will produce 37,610 barrels per day (bbl/d) of GTL diesel, GTL kerosene, GTL naphtha and LPG using natural gas supplied by Uzbekneftegaz from the Shurtan fields. The majority of production will be GTL diesel and GTL kerosene.
ClearFlame Engine Technologies, a a startup developing net-zero engine technology ( earlier post ), successfully completed an on-road demonstration of its proprietary technology that enables a heavy-duty truck diesel engine to operate on low-carbon and carbon-negative fuels, including 100% renewable plant-based fuels.
from March to May, while diesel fuel consumption declined by 16.5%. Consumption of gasoline and diesel fuel continues to be depressed as many people continue to work from home and limit extracurricular activity. Treasury noted that consumption of gasoline declined by a total of 38.7%
ClearFlame’s solution elevates combustion temperatures in order to enable use of non-traditional fuels that fail to ignite using conventional diesel-style MCCI (mixing-controlled compression ignition) without sacrificing performance. In addition to a series of other tests, the genset completed a successful 24-hour continuous power test.
The diesel engine on the Empa test facility was tuned to DME. In contrast to diesel, the highly volatile DME has almost no lubricating qualities, which can quickly destroy the high-pressure pump of a common rail injection system. Finally, the combustion chambers and compression ratio of the former diesel engine have also been modified.
Aemetis awarded an engineering services contract to Worley for the Aemetis ‘Carbon Zero’ renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Earlier post.)
Audi is also supporting Joule’s hydrocarbon product, which was previously tested and shown to meet ASTM specifications in diesel blends of up to 50%. New financing. Joule also announced the closing of $40 million in private equity and venture debt financing, supporting the company’s growth towards commercialization.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. Net global capacity declined in 2021 for the first time in 30 years, according to the IEA. China’s refinery capacity is scheduled to increase significantly this year.
The investment aims to maximize diesel production, and will introduce the most modern refinery technologies in Upper Egypt, satisfying the growing local demand for petroleum products. According to the agreement, Technip will now start activities for the project, as well as providing support to ensure project financing.
The transaction is expected to reduce REG’s operating costs and create opportunities for expansion at Geismar, a 75-million gallon annual nameplate capacity renewable hydrocarbon diesel biorefinery that also produces renewable naphtha and renewable liquefied petroleum gas. — Brad Albin, REG Vice President, Manufacturing.
TerraStar Energy signed a Memorandum of Understanding (MOU) with Emerging Fuels Technology (EFT) to license EFT’s Fischer-Tropsch (FT) and Maxx Jet/Maxx Diesel proprietary technology ( earlier post ) to build a fleet of FLEX plants—small-scale, modular renewable diesel facilities.
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