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Casterra to sell castor seeds for cultivation to leading oil and gas company; $9.1M initial purchase

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signed a framework agreement to sell seeds of its proprietary castor varieties to one of the world’s leading oil and gas companies for cultivation in specific African territories. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel production to support the growing market of sustainable energy.

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Future Fuel Strategies: 40+ countries developing light-duty vehicle fuel economy standards

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Fuels market analyst Tammy Klein notes that more than 40 countries are developing light-duty vehicle fuel economy standards. Ten years ago, only four governments 10 years ago had introduced mandatory GHG emission and/or fuel economy standards: China, Japan, South Korea, and the United States.

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Nigeria’s 650 kbpd Dangote Refinery being commissioned; largest single-train refinery in world

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The Dangote Petroleum Refinery, which covers an area of approximately 2,635 hectares—about the six times the size of Victoria Island in Lagos, Nigeria—is expected to be Africa’s largest oil refinery and the world’s largest single-train facility. Nigerian crude oil is also rich in paraffins.

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bp and Maersk Tankers carry out successful trials of B30 in two tankers

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Each vessel was supplied with bp Marine B30 biofuel, consisting of 30% fatty acid methyl esters (FAME) blended with very low sulfur fuel oil (VLSFO). FAME is a renewable alternative fuel (biodiesel) largely produced from recycled cooking oils and renewable oil sources.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Carbon Engineering’s DAC-based climate solutions utilize standardized processes and proven industrial equipment. Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. Earlier post.)

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Study: IMO low-sulfur fuel standards will decrease childhood asthma cases, premature deaths; climate tradeoffs

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Marine shipping fuels will get cleaner in 2020 when a regulation by the International Maritime Organization (IMO) requires a decrease in the allowable amount of sulfur in fuel oil from 3.5% M childhood asthma cases annually, and more stringent standards beyond 2020 may provide additional health benefits. —i.e., Sofiev et al.

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USGS new estimates of global undiscovered, technically recoverable conventional oil and natural gas, excluding US

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USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of the world. These new estimates are for conventional oil and gas resources only. Geological Survey (USGS) released today.

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