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Neste, Marathon finalize transaction to establish JV for production of renewable fuels in US

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Neste Corporation and Marathon Petroleum Corporation (Marathon) announced an agreement to establish a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon’s refinery in Martinez, California (the Martinez Renewable Fuels project ). Earlier post.). —Matti Lehmus, Neste’s President and CEO.

Renewable 365
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Concord Energy and cellulosic biogasoline company Cool Plant to establish JV in Asia-Pacific region

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Concord Energy, one of Singapore’s leading crude oil and refined petroleum product trading companies, has signed an agreement with cellulosic biogasoline company Cool Planet Energy Systems ( earlier post ) to establish a joint venture in the Asia-Pacific Region.

Asia 220
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Nel ASA receives purchase order for 20MW alkaline electrolyzer from steelmaker Ovako

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The conversion to hydrogen will enable Ovako to reduce its CO 2 emissions for steel production in Hofors by 50%. The company has geographical presence in Europe, North America and Asia, and a steel product line that includes niche products and customized solutions. The electricity used comes entirely from fossil-free sources.

Purchase 418
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Albemarle signs definitive agreement to acquire lithium salts production assets in Asia

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Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, has signed a definitive agreement to acquire the lithium hydroxide and lithium carbonate conversion assets and supporting business functions currently operated by Jiangxi Jiangli New Materials Science and Technology Co.

Asia 150
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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK Plug Hyverse is a provider of turnkey hydrogen solutions for the global green hydrogen economy, to pursue integrated solution businesses throughout the clean hydrogen value chain in Asia, including electolyzers. This MOU is expected to serve as a cornerstone for the global trade era of clean hydrogen.

Green 284
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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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In its new Natural Gas Vehicles report, Navigant Research forecasts that global annual NGV sales—light-, medium- and heavy-duty—will grow 62.5% Navigant expects Asia Pacific to remain the largest market, with more than 1.56 million vehicles in 2015 to 3.9 million in 2025. million, accounting for 2.6% of all LDVs.

2015 150
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US Hybrid executes global fuel cell technology licensing agreement with United Technologies

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US Hybrid Corporation, a global supplier of medium- and heavy-duty electric and hybrid powertrain power conversion components, executed a global licensing agreement with United Technologies Corporation (UTC) to commercialize UTC’s proven Proton Exchange Membrane (PEM) fuel cell technologies.

Global 252