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GM to invest $450M in Argentina

Green Car Congress

General Motors will invest $450 million between 2013 and 2015 to expand its Rosario Automotive Complex to build an all-new global Chevrolet vehicle, Chairman and CEO Dan Akerson said Wednesday. GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011.

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Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen.

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BYD wins order for another 406 electric buses in Bogotá, Colombia

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BYD entered the Colombian market in 2012 and made several milestone achievements: building the first pure electric taxi fleet in South America in 2013, entering the Bogotá BRT system in 2017. Globally, BYD’s green transport offerings have spread to more than 300 cities, operating in more than 50 countries and regions.

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OECD-FAO Agricultural Outlook projects global ethanol production to increase 67% over next 10 years to 44B gallons

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The OECD-FAO Agricultural Outlook 2013-2022 projects that global ethanol production will increase 67% over the next ten years, with biodiesel increasing even faster but from a smaller base. Global ethanol production has fallen in calendar year 2012 for the first time since 2000, due to declines in the United States and in Brazil.

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

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Map of basins with assessed shale oil and shale gas formations, as of May 2013. 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. (ARI) Source: US EIA. Click to enlarge.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 North America continues to be an impetus to global light vehicle demand levels. There was a stark change in 2014 South America automotive demand compared to 2013, when monthly sales broke the 500,000 unit mark seven times. million, an increase of 2.4%

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Soros signals Argentina’s shale is biggest place to be; doubles stake in YPF SA

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George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play. Earlier post.]. It now controls 3.5

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