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The Carlyle Group and Sunoco to form Philadelphia refinery joint venture

Green Car Congress

have agreed to form Philadelphia Energy Solutions, a joint venture that will enable the historic Philadelphia refinery to continue operating. Under the terms of the agreement, Sunoco will contribute its Philadelphia refinery assets to the joint venture in exchange for a non-operating minority interest. and Sunoco, Inc.

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Swati Khandelwal to join M&M as Senior VP and Head – Group Corporate Communications  | Autocar Professional

Baua Electric

Swati Khandelwal will join Mahindra & Mahindra as Senior VP and Head – Group Corporate Communications, from 9 February. She is a recepient of the Donald T sheehan International Scholarship at the Wharton Seminars for Business Journalists, Wharton School of the University of Pennsylvania, Philadelphia.

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Lithium Americas begins construction at Thacker Pass

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In Q4 2022, Bechtel Corporation was awarded the engineering, procurement and construction management (EPCM) contract for the construction of Thacker Pass Phase 1 with detailed engineering underway. Construction, including site preparation, geotechnical drilling, water pipeline development and associated infrastructure, has commenced.

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Axion Power raising up to $10M through direct common stock offering

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The Company anticipates that the net proceeds from the offering will be used for working capital, capital expenditures and general corporate purposes. Philadelphia Brokerage Corporation and Emerging Growth Equities, Ltd served as co-placement agents for the offering.

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BMW i Ventures makes strategic investment in electric bus company Proterra; part of $55M round

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Generation Investment Management LLP, a long-term, sustainability focused investment firm led the round, which was joined by BMW i Ventures, the corporate venture capital team founded by BMW Group in 2011. The company recently launched of the industry’s first autonomous bus development program with the University of Nevada, Reno.

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SG Preston and IHI E&C partner on portfolio of renewable diesel and jet plants; 5 initial sites, 600M gallons total capacity

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SG Preston, a Philadelphia-based bioenergy company, is partnering with IHI E&C , a Houston-based engineering, procurement and construction (EPC) subsidiary of Japan’s IHI Corporation , to develop and to construct a series of commercial-scale renewable diesel and jet fuel manufacturing plants, initially in the US Midwest and Canada.

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Volvo Car Corp. demonstrates autonomous driving in traffic jams; traffic jam assistance system ready for production in 2014

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As another step toward autonomous driving systems, Volvo Car Corporation is demonstrating a new traffic jam assistance system. —Peter Mertens, Senior Vice President Research and Development of Volvo Car Corporation. Slow-moving queues are part of urban commuting. Earlier post.).

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