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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. Global exploration funding is expected to be $3 billion in 2012. Spending of $28.5

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KiOR signs renewable diesel blendstock supply agreement with FedEx Corporate Services; 1st end-user agreement

Green Car Congress

developer of a catalytic pyrolysis process to produce renewable oil from biomass ( earlier post ), has signed a ground fuel supply agreement with FedEx Corporate Services, Inc. Under the agreement, KiOR may supply renewable diesel blendstocks for purchase by affiliates of FedEx Corporate Services, Inc. Earlier post.).

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KiOR signs second offtake agreement for renewable gasoline and diesel blendstocks

Green Car Congress

KiOR expects to begin production at its Columbus facility in the second half of 2012. Re-Crude is refined into gasoline and diesel blendstocks that are compatible with existing fuel infrastructure.

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Lux Research provides snapshot of oil majors’ investments in alternative fuels; BP leads investment frequency

Green Car Congress

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. Shell invested in multiple rounds and formed a JV with Iogen, but terminated the JV in 2012.

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Disneyland will remake its Autopia around EVs in 2026

Baua Electric

Disneyland will replace gasoline vehicles at its Autopia ride with EVs in 2026, the Los Angeles Times confirmed this week. Disneyland will phase out the gasoline engines in its Autopia vehicles “within the next 30 months,” according to the Los Angeles Times. Since 2016, the attraction has been sponsored by Honda.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Dr. Don Paul is the Executive Director, University of Southern California Energy Institute and a former vice president and chief technology officer of Chevron. Auerbach’s calculations project that “ In order to meet the administration’s renewable energy goals, $217 billion will be required by 2012. Energy Markets in a State of Change.

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