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GM to invest $450M in Argentina

Green Car Congress

Akerson was joined by Argentina President Cristina Fernández de Kirchner; GM South America President Jaime Ardila; and GM Argentina President Isela Costantini. GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011. —Isela Costantini.

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Cargill to Invest $112M in Co-generation and Soy Biodiesel Plants in Argentina

Green Car Congress

Cargill will invest a total of US$112 million in an 18 MW co-generation plant and a soybean biodiesel production plant with a processing capacity of 240,000 tons per year in Argentina.

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GM global sales up 7.6% in 2011 to 9.026M vehicles; China and US largest markets

Green Car Congress

global sales rose to more than 9 million vehicles in 2011, a 7.6% On a corporate basis, GM’s two largest markets in 2011 were China, where GM and its joint venture partners increased sales 8.3% million vehicles around the world in 2011, setting a global sales record. Top 10 Chevrolet sales markets in 2011. North America.

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BYD the recommended company for Argentinian tender for 50 electric buses

Green Car Congress

BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment. BYD begun the promotion of its technologies in Argentina in 2011 through its local subsidiary, especially those related to electric vehicles and public transport.

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Argentina and Venezuela to cooperate in $2.2B 100,000 bpd extra-heavy oil joint venture in Orinoco Belt

Green Car Congress

Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. billion project will also include a refinery. The alliance coincided with the release of the Orinoco Belt to participation by foreign companies in 2005. billion barrels.

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Total greenlights Vega Pleyade gas field development offshore Tierra del Fuego

Green Car Congress

Total (operator, 37.5%) has made the final investment decision to develop the Vega Pleyade gas and condensate field offshore Tierra del Fuego, Argentina in the Southern Atlantic. Present in Argentina since 1978, Total, through its affiliate Total Austral, operates 30% of that country’s gas production.

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

Green Car Congress

Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. The earlier EIA/ARI study from 2011 stimulated new work on shales in many countries (e.g., Report terminology.

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