Wasted Money & Sunken Assets: Subsidies and Financing for Fossil Fuels
CleanTechnica EVs
AUGUST 9, 2024
continued] The post Wasted Money & Sunken Assets: Subsidies and Financing for Fossil Fuels appeared first on CleanTechnica.
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Green Car Congress
APRIL 11, 2020
In a three-year Business Finland BioFlex project, VTT—the Finnish state-owned research agency—and partners are exploring how suitable fuel oils made from biomass and waste plastics are for power plants and ship diesel engines. We are also conducting experiments to examine the suitability of the oils for applications.
Green Car Congress
DECEMBER 11, 2022
Many new vehicles that leave the Audi plants in Germany are delivered with R33 fuel—a blend comprising one-third renewable components. R33 Blue Gasoline and R33 Blue Diesel consist of one-third renewable components, based exclusively on residual and waste materials. HVO (hydrotreated vegetable oil)—and 7% biodiesel.
Green Car Congress
AUGUST 16, 2018
Neste, the leading producer of renewable diesel, UK-based chemical recycling company ReNew ELP, and Australian technology developer Licella are collaborating in a development project to explore the potential of using mixed waste plastic as a raw material for fuels, chemicals, and new plastics. Earlier post.). Earlier post.).
Green Car Congress
JUNE 17, 2021
The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. The renewable jet and diesel produced at the Riverbank plant will supply the aviation and trucking industries with low carbon, low emission, renewable fuel.
Green Car Congress
NOVEMBER 10, 2014
Lux Research has investigated the trends of corporate financing of alternative fuels from oil majors, based on a non-exhaustive database of more than 1,000 deals and partnership engagements from 2000 through September, 2014. Valero has a strong focus on drop-in fuel production either by bioconversion or catalysis.
Green Car Congress
MARCH 31, 2014
Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Cool Planet’s green fuels are chemically identical to fossil fuels, with one of the lowest capital costs in the industry. Click to enlarge.
Green Car Congress
JUNE 11, 2015
million) financing from Bpifrance on the isobutene program. This financing, which allows Global Bioenergies to strengthen its leadership in the field of fermentative isobutene, is structured in the form of a €1.4-million Fifteen million tons of isobutene are derived from oil each year and converted into fuels, plastics and elastomers.
Green Car Congress
JUNE 1, 2011
A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. Darling International Inc.
Green Car Congress
AUGUST 24, 2010
New Zealand-based LanzaTech has successfully produced 2,3-Butanediol (2,3-BD), a key building block used to make polymers, plastics and hydrocarbon fuels, using the company’s gas fermentation technology. LanzaTech has shown 2,3-BD production from waste gas resources in an industrial setting. Tags: Fuels. Earlier post.).
Green Car Congress
JANUARY 27, 2023
Made from widely available domestic feedstocks and advanced refining technologies, energy-dense biofuels provide a pathway for low-carbon fuels that can lower greenhouse gas emissions throughout the transportation sector and accelerate the bioeconomy. Currently, SAF is typically blended with fossil fuels.
Green Car Congress
JULY 13, 2015
The resulting bioethanol can cut greenhouse gas emissions by more than 80% compared with conventional fossil fuels. It will predominantly be used in gasoline blending, but it can also be further processed into other products such as drop in jet fuel. Financing will be sought from a number of different sources. Earlier post.).
Green Car Congress
AUGUST 20, 2011
a developer of technology for the production of advanced biofuels and biochemicals from biomass and waste materials, announced a first close of its Series D round of financing. Coskata Inc., After this first close to the round, Coskata plans a final close of the transaction in Q4 of 2011.
Green Car Congress
JANUARY 3, 2014
An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8
Green Car Congress
NOVEMBER 8, 2010
SITA UK, one of the country’s leading recycling and resource management companies and a subsidiary of Suez Environment, has signed an exclusive agreement with Cynar Plc to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel. Cynar’s first plant is built and operating in Portlaoise, Ireland.
Green Car Congress
JUNE 21, 2021
The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. The renewable jet and diesel produced at the Riverbank plant will supply the aviation and trucking industries with low carbon, low emission, renewable fuel.
Green Car Congress
MAY 11, 2011
the developer of a technology to extract oil from algae, announced that Ennesys, its joint venture partner in France, is working with large institutions to develop two separate large-scale algae projects. The resulting algae will be converted into fuel, electricity and industrial chemicals. OriginOil, Inc.,
Green Car Congress
APRIL 16, 2014
When finalized, the solicitation is expected to make as much as $4 billion in loan guarantees available to help commercialize technologies that may be unable to obtain full commercial financing. These types of projects would not be restricted by current ethanol/biodiesel blend levels and could drive a catalytic change in the fuels market.
Green Car Congress
DECEMBER 25, 2010
China has exempted consumption taxes on pure biodiesel made from waste animal fats or vegetable oils. 2009 and taxes already paid will be refunded, according to the Ministry of Finance (MOF) and the State Administration of Taxation. The new policy is effective from 1 Jan. dollars) per tonne.
Green Car Congress
OCTOBER 17, 2014
The running total is 122 manufacturing and non-manufacturing operations spanning Asia, Europe, and South and North America that recycle, reuse or convert to energy all waste from daily operations. Colmotores Assembly in Colombia launched awareness campaigns that engaged employees in reducing waste and sorting it correctly.
Green Car Congress
AUGUST 15, 2018
Shockwave is financing its equipment required for this multi-million dollar project and is providing certain performance guarantees for the Shockwave Process. We are committed to low-carbon intensity fuels as well as value-added products that can go into the food chain. Patrick Gruber, Gevo CEO.
Green Car Congress
JANUARY 7, 2020
JetBlue will offset carbon dioxide emissions from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major US airline to take this measurable step toward reducing its contribution to global warming. Neste MY Renewable Jet Fuel is produced 100% from waste and residue raw materials.
Green Car Congress
JANUARY 29, 2014
Well-to-Propeller GHG emissions results for marine alternative fuels. DNV GL has released a position paper on the future alternative fuel mix for global shipping. The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content.
Green Car Congress
MARCH 15, 2011
The Repowering Assistance Program is designed to encourage the use of renewable biomass as a replacement fuel source for fossil fuels used to process heat or power in the operation of eligible biorefineries (those biorefineries in existence on 18 June 2008, the date the 2008 Farm Bill was enacted).
Green Car Congress
FEBRUARY 17, 2012
BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Meanwhile, aviation and marine fuel demand could add 200 BGPY or more to global transportation fuel demand by 2021.despite conventional versus advanced, ethanol infrastructure versus drop-in compatibility, fuels.
Green Car Congress
JULY 22, 2009
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ by Bill Cooke. Billion vs. $28.3
Green Car Congress
JUNE 14, 2010
In a pre-response to that speech, having successfully advocated for plug-in hybrids like the forthcoming Chevy Volt, we propose that the President follow that speech up with a “realistic and conservative” roadmap to halve our oil use in 10 years. Oil is holding us all hostage, economically and physically. Finally, it’s time to begin.
Green Car Congress
APRIL 12, 2019
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.
Green Car Congress
AUGUST 11, 2014
The State of Hawaii recently passed legislation to assist in funding a project that converts crops, crop residues, dedicated energy crops, and agricultural waste into biofuels and value-added co-products. no sunlight is needed—to create oil for biofuel and high-protein feed.
Green Car Congress
SEPTEMBER 28, 2011
Siluria Technologies, a startup developing novel catalysts for the oxidative coupling of methane (OCM) reaction to produce ethylene (C 2 H 4 ) directly from methane (CH 4 ) with high performance at low temperatures ( earlier post ), has pulled in $20 million in its Series B financing.
Clean Fleet Report
APRIL 26, 2023
Get a car accident lawyer in Houston, TX , to protect yourself and your finances on the road! One simple yet vital way of keeping up is getting regular oil changes and tune-ups–something which not only prolongs your vehicle’s longevity, but can also boost fuel efficiency , increase performance and decrease emissions.
Green Car Congress
FEBRUARY 13, 2012
Among the elements of the budget are $576 million to support research and innovation and a $10-million increase to the EPA’s National Vehicle and Fuel Emissions Laboratory for certification and compliance testing programs and to evaluate new biofuels technologies. FY 2013 budget highlights include: $1.2
Green Car Congress
JUNE 9, 2009
a renewable oil production and algal synthetic biology company has closed a $57-million Series C financing round, bringing total funding to more than $76 million. Solazyme uses microalgae biotechnology to produce clean and scalable fuels, “green” chemicals, edible oils and health and wellness products. Solazyme, Inc.,
Green Car Congress
JUNE 25, 2013
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Other efforts will include: Natural Gas.
Green Car Congress
OCTOBER 5, 2014
Gas chromatography comparison of Conoco fuel and a Conoco-CoolPlanet blend. Cool Planet has devised a biomass-to-liquids thermochemical conversion process that simultaneously produces liquid fuels and sequesterable biochar useful as a soil amendment. Cool Planet’s biogasoline blendstock is 100% compatible with pump gasoline.
Creative Greenius
MARCH 8, 2009
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. 4. Waste & Recycling. Mission of Task Force.
Green Car Congress
FEBRUARY 13, 2012
Savings and efficiencies are achieved through eliminating more than $4 billion annually in fossil fuel subsidies; eliminating low-priority and low-performing programs, and by concentrating resources on full utilization of existing facilities and infrastructure. nuclear waste that supports the implementation. These funds are.
Green Car Congress
OCTOBER 13, 2011
between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. BGPY in 2011) would represent just 7% of the global transportation fuels market in 2021.
Cars That Think
NOVEMBER 12, 2022
The field included startups that aim to improve battery technology and solve the battery materials problem, coordinate energy flow from home and car batteries to the grid and back again, gather and use data for energy and carbon management, improve solar cell efficiency, and recycle agricultural waste. million financing round.
Green Car Congress
FEBRUARY 22, 2012
With our new product, Cellic CTec3, and the first plants starting commercial production, this is a huge step forward in the transition from an oil-based economy to a bio-based economy. Both plants will convert municipal solid waste into biofuel. The first plants start commercial production of advanced biofuels this year.
Green Car Congress
JANUARY 25, 2012
This step will enable CORE to establish an Engineering, Procurement and Construction (EPC) contract with an international oil/gas engineering company to define a fixed plant cost. Osprey’s work for CORE will be headed by Alan Crossley, who has more than twenty-five years of experience in the chemical, petroleum, and renewable fuels industry.
Green Car Congress
MAY 18, 2011
Transforming agricultural waste into biofuel in India could meet up to 59% of the country’s demand for transport gasoline while creating up to one million jobs, according to a new study by Bloomberg New Energy Finance, commissioned by enzyme company Novozymes. Assuming a barrel of crude oil costs US$100, India will spend US$19.4
Green Car Congress
OCTOBER 9, 2009
Ogilvie says that while fuels production from algae may ultimately prove viable, right now the focus on higher-margin biochemicals provides a more sustainable economic base for the business. The focus on fuels without the chemicals is missing the point, and missing the model that has worked for over 200 years, and that’s the oil companies.
Cars That Think
JANUARY 20, 2024
Nearly all of the world’s ship fleet still runs on diesel fuel, with about a quarter of new ships on order being built to run on somewhat lower-carbon alternatives like liquefied natural gas, methanol, or hybrid propulsion. Shipping uses over 300 million tonnes of fossil fuels every year, producing 3 percent of greenhouse gas emissions.
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