Remove 2015 Remove Building Remove Financing Remove Purchase
article thumbnail

Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

Green Car Congress

billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. As part of the transaction, GreatPoint Energy has raised equity investment and secured project funding of $1.25

Coal 225
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. Under the plan, by 2015 average passenger car fuel consumption is targeted to drop to 6.9 L/100km (40 mpg US) or less.

article thumbnail

First Fastned fast-charging stations broke-even in March

Green Car Congress

The Netherlands-based Fastned, the company building a European network of fast charging stations, saw its first two stations break-even in March. Fastned began installing stations in The Netherlands in 2015; 57 are currently in operation. The final step to profitability of the company is also to cover depreciation and finance costs.

article thumbnail

BioAmber signs bio-BDO 15-year off-take contract with Vinmar for planned 100,000 ton plant

Green Car Congress

Under the terms of the 15-year master off-take agreement, Vinmar has committed to purchase 100% of the BDO produced in a 100,000-ton-per-year capacity plant that BioAmber plans to build in North America and commission in 2017. Vinmar also plans to invest in the BDO plant alongside BioAmber.

Houston 210
article thumbnail

Pennsylvania’s Public-Private Partnership Board approves CNG project for public transit, private fleet fueling

Green Car Congress

Through the project, the private partner will design, build, finance, operate and maintain CNG filling stations at up to 37 transit facilities. In addition, PennDOT will enter into a CNG supply contract with the selected partner as well as purchase agreements with each of the transit agencies.

article thumbnail

Ford CEO: Ford to focus on 5 key areas of innovation: mobility, autonomy, connectivity, customer experience and performance

Green Car Congress

In a pre-Christmas media event, Ford president and CEO Mark Fields said while 2014 was a good year for the company, 2015 has the potential to be a “ breakthrough year ”. We are going to build on that those provide the building blocks for full autonomy down the road. The appointment is effective 5 Jan 2015. Data analytics.

Ford 268
article thumbnail

Clean Energy to build new CNG stations for multiple transit agencies and large school district; agreements with trucking, refuse and others

Green Car Congress

NICE has awarded Clean Energy the contract to design, build and operate and maintain a new CNG station that will, upon completion, replace its existing Mitchel Field station, and operate and maintain the existing CNG stations. Clean Energy currently supports another 100 CNG buses at an additional station and provides a total of 4.6

Clean 150