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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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The company also announced the formation of a new Industry Advisory Board, and its selection as a semi-finalist in the Securing America’s Future Energy (SAFE) Energy Security Prize. The company says that the Series C funding and Industry Advisory Board formation will help accelerate its product development and commercialization efforts.

Financing 236
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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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million barrels—its lowest since May 2002— according to the US Energy Information Administration (EIA). This SPR release was part of a coordinated effort among the 31 members of the International Energy Agency (IEA). Current authorized storage capacity is 714 million barrels, however the SPR currently holds 568.3

Oil 418
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China’s 2005 Carbon Emissions Almost Twice As Much As 2002 Emissions

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Carbon emissions associated with increased exports from China (left), as part of a more systematic view of increased national emissions (right), 2002 to 2005. Researchers from Norway, the United Kingdom, and the United States, estimated in the study that China’s 2005 carbon emissions were 80.59% or more higher than 2002 emissions. “

2002 170
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Audi taps Mertens from Volvo to lead technical development

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Mertens has exceptionally broad technical expertise and an international background in the automotive industry. In 1985, he gained a master of science degree in industrial engineering and operations research at Virginia Polytechnic Institute in the United States. —Rupert Stadler, Chairman of the Board of Management.

Audi 150
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NREL survey shows significant improvement in B100 biodiesel quality

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Department of Energy’s National Renewable Energy Laboratory (NREL) found that 95% of the samples from 2011-12 met ASTM International fuel quality specifications. B100 is not commonly used as a fuel, but is blended with petroleum diesel, typically in blends up to 20%, and has been part of the industry''s steady growth in the past decade.

2002 225
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Maersk calls for EU enforcement of reefer legislation, pushes its Supotec foam

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Maersk Container Industry (MCI) is calling for tougher enforcement of European environmental legislation designed to protect the Earth’s ozone layer and help prevent climate change. Nymand, CEO for Maersk Container Industry. This would benefit the environment, and it would help European innovation and environmental investments pay off.

Ozone 225
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Hyundai Motor unveils China-exclusive “Mistra” mid-size concept at 2013 Auto Shanghai

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Hyundai unveiled the China-exclusive Mistra concept at the Shanghai New International Expo Center today. Despite its relatively late entry into the Chinese market in 2002 with the establishment of Beijing Hyundai Motor Co. BHMC), a 50-50 joint venture between Hyundai Motor and Beijing Automotive Industry Holding Co.,

Hyundai 225