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CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

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The firm forecasts an immediate boom in demand for ternary Li-ion batteries—mainly used to power alternative energy vehicles—from 4.4GWh in 2015 to 10 GWh in 2016. Vehicles were sold to the end users but were left unused after acquiring the subsidy, thus seriously wasting financial fund. Subsidies totaled RMB33.44

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Joby Aviation secures $100M in Series B for electric VTOL; Intel, EDBI, JetBlue and Toyota

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Venture-backed startup Joby Aviation has secured $100 million in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. People waste billions of hours sitting on roads worldwide each year.

Toyota 225
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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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President Barack Obama’s 2016 Budget requests $29.9 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 billion, the FY 2016 Budget requests $4.8 billion, the FY 2016 Budget Request provides $5.34 billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. Within the $10.7

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Velocys establishes strategic alliance with TRI for gasification systems for BTL plants

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TRI—a leading provider of steam reforming gasification systems suitable for woody biomass and other waste feedstocks—will be Velocys’ preferred supplier of gasification systems for its biomass-to-liquids (BTL) plants. lowest-cost, most readily-available waste biomass). TRI), establishing a strategic alliance.

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Maersk parterning with 6 companies to source at least 730,000 tpy of green methanol by end of 2025

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Green Technology Bank (GTB) was established in 2016 by the Chinese government with the priority task to fulfill the 2030 Agenda for Sustainable Development. The project will be built by Proman with target start of operations in 2025, producing bio-methanol from non-recyclable forestry residues and municipal solid waste. WasteFuel (US).

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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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despite huge demand for biofuels from transportation end-markets, access to inexpensive feedstocks and financing hurdles remain challenging obstacles for biofuels production trying to keep pace with emerging mandates. Governments are expected to retreat from stimulus investment highs, shifting financing. versus chemicals, etc.),

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. This project will demonstrate the conversion of gaseous carbon wood wastes (terpenes) to renewable Terpenes SAF blending components.