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DEME and partners developing HYPORT DUQM, a large-scale green hydrogen project in Oman

Green Car Congress

DEME Concessions and Omani partners are partnering to develop a world-leading, green hydrogen plant in Duqm, Oman. The feasibility phase will be followed by the detailed design and engineering, further project development and finalization of offtake routes and financing.

Oman 269
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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

Green Car Congress

In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 A new 230,000 b/d refinery is set to come online in Duqm, Oman, likely in early 2023. At their current planned capacities, they will add 2.9 million b/d in 2022 and by an additional 1.6

Asia 418
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Silicon battery technology company Group14 closes additional $214M for $614M Series C funding round

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Group14 Technologies, a global manufacturer and supplier of advanced silicon battery technology, raised $214 million in additional financing from a consortium including Microsoft’s Climate Innovation Fund, Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, and Molicel.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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Associated sanctions on Russia—with more than 5 million b/d in crude oil processing capacity—disrupted exports of Russia’s refined products into the global market, and will likely continue to do so as import bans in the European Union and United Kingdom come into full force. million b/d in 2022 and by an additional 1.6

Global 448
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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 methanol is the only market-ready and scalable available solution today for shipping. Headquartered in Switzerland, with assets in the United States, Trinidad and Oman, and ongoing expansion into Mexico and Canada, Proman is a global leader in methanol, fertilizer and other products such as melamine. Proman (Switzerland).

Green 199
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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

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In the first few months of 2012, Fisker has continued to raise private equity investment to fund its expansion plans, securing $174 million of additional private financing since the start of the year. The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007.

Fisker 277