article thumbnail

Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

Green Car Congress

OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.

Carbon 418
article thumbnail

Global Clean Energy buys Bakersfield refinery for $40M, converting to produce renewable diesel

Green Car Congress

Global Clean Energy Holdings, Inc., Instead, the refinery will be repurposed to become a producer of low-carbon renewable fuels that meet the needs of the California Low Carbon Fuels Standard. through a subsidiary, has purchased Alon Bakersfield Properties, Inc., a subsidiary of Delek US Holdings, Inc.

Renewable 389
article thumbnail

HaaS company Hydra Energy delivers first converted hydrogen-diesel co-combustion heavy-duty truck; up to 40% hydrogen

Green Car Congress

Hydra Energy, the Hydrogen-as-a-Service (HaaS) provider for commercial fleets looking to reduce emissions and costs with limited risk and no up-front investment ( earlier post ), has delivered its first hydrogen-converted, heavy-duty truck to paying fleet customer Lodgewood Enterprises. And we've lowered our fuel costs in the process.

Hydrogen 397
article thumbnail

Mitsubishi Heavy invests in Monolith Materials to support clean hydrogen production

Green Car Congress

Olive Creek 1 in Hallam, Nebraska is Monolith Materials’ first commercial-scale emissions-free production facility designed to produce approximately 14,000 metric tons of carbon black annually along with clean hydrogen. While we’re evaluating a number of clean-energy development options, Monolith offers great promise.

article thumbnail

US DOE releases 2023 Critical Materials Assessment to evaluate supply chain security for clean energy technologies

Green Car Congress

The US Department of Energy (DOE) released its 2023 Critical Materials Assessment (2023 CMA), which evaluated materials for their criticality to global clean energy technology supply chains. The Assessment focuses on key materials with high risk of supply disruption that are integral to clean energy technologies.

Clean 370
article thumbnail

DOE awards $22.1M to 10 nuclear technology projects including clean hydrogen production

Green Car Congress

million to 10 industry-led projects to advance nuclear technologies, including two aimed at expanding clean hydrogen production with nuclear energy. A well-established downstream syngas-to-synfuel conversion process, such as Fischer-Tropsch synthesis, converts the syngas to liquid synfuel for a total projected cost of less than $4/gallon.

Hydrogen 475
article thumbnail

EU investing €1.8B in 17 large-scale clean tech projects

Green Car Congress

billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. Projects in brief: Cement (4 projects): A project in Germany will deploy a second-generation oxyfuel carbon capture process at a cement plant and provide it as raw material for further processing into synthetic methanol.

Clean 334