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SunGas Renewables to build $2B green methanol production facility in Louisiana

Green Car Congress

SunGas Renewables Inc. announced the formation of Beaver Lake Renewable Energy, LLC (BLRE), which will construct a new green methanol production facility in Central Louisiana. SunGas Renewables anticipates BLRE will invest approximately $2 billion to construct the project at the former International Paper facility in Rapides Parish.

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SK invests in electrofuels company Infinium

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SK Trading International (SKTI), a wholly owned subsidiary of SK Innovation, has closed a round of institutional funding into electrofuels developer Infinium. Earlier post.) The investment will support acceleration of Infinium’s commercial developments globally.

Companies 435
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Statkraft to supply renewable power for Fortescue’s Holmaneset 300 MW green hydrogen & green ammonia project

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Fortescue Future Industries (FFI) has secured renewable power for its proposed Holmaneset green energy project , entering into a long-term Power Purchase Agreement (PPA) with Statkraft. FFI undertook a Scoping Study across Norway to identify potential locations for the development of renewable energy and port facilities.

Green 259
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

Hydrogen 397
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Cummins begins testing of hydrogen-fueled internal combustion engine

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Cummins has begun testing a hydrogen-fueled internal combustion engine. Following the proof-of-concept testing, the company plans to evaluate the engine in a variety of on- and off-highway applications, supporting the company’s efforts to accelerate the decarbonization of commercial vehicles.

Hydrogen 321
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LG Energy Solution hosting 3rd round of international competition to identify promising battery start-ups

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LG Energy Solution will host the LGES Battery Challenge 2022, an international competition to identify start-ups for potential investment and collaboration. Through the program, LGES is bringing together battery start-ups to keep pace with the fast-developing industry, as growing number of economies transition to renewable energy.

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Amazon invests in electrofuels company Infinium

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Infinium Electrofuels have the potential to help investor Amazon and other companies to decarbonize their operations and meet their net-zero carbon goals. Infinium’s proprietary Electrofuels process converts renewable power into green hydrogen, then uses this green hydrogen and waste carbon dioxide to produce net-zero carbon fuels.

Companies 435