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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. Some in the electric vehicle (EV) industry have likened lithium mining to the early days of oil exploration.

Companies 448
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IEA: Estonia is pioneering technologies for more efficient and cleaner use of oil shale

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An article in the latest issue of IEA Energy: The Journal of the International Energy Agency reports that Estonia, which has the most developed oil shale industry in the world, is collaborating in pursuing wider use of oil shale in a cleaner, more sustainable manner. Different that shale oil—i.e., million (US$12.8

Estonia 236
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Alberta CCEMC providing $46M for carbon capture and storage and cleaner energy projects in oil sands region

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Alberta, Canada’s Climate Change and Emissions Management (CCEMC) Corporation is providing C$46 million (US$45 million) in funding to support six new carbon capture and storage and cleaner technology projects in the Canadian oil sands region. Imperial Oil: $10 million for a Cyclic Solvent Process pilot in Cold Lake.

Oil-Sands 225
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UrbanX Group signs FEED contract with Hyundai Engineering for renewable diesel facility in Bakersfield

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Ltd—an essential step for building the state’s first facility producing ultra-low carbon renewable diesel. The company will produce its XRD renewable diesel from vegetable oil, fats and waste cooking oils through a proprietary process. The company will soon disclose the exact plant location.

Renewable 221
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High oleic soy-based motor oils receive API certification

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Biosynthetic Technologies , with support from the United Soybean Board (USB), recently received American Petroleum Institute (API) certification on two motor oil formulations (5W-20 and 5W-30) that contain a synthetic ester made from high oleic soybean oil. Petroleum synthetic oils typically score between 6.0

Oil 210
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President Obama proposes 50% increase in spending on clean transportation, funded by $10/barrel tax on oil

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President Obama has laid out a plan for building a “21st Century Clean Transportation System”, the investment for which would be funded by a new $10 per barrel fee on oil paid by oil companies, which would be gradually phased in over five years.

Obama 150
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ExxonMobil to invest >$1B in Antwerp refinery to convert heavy, higher sulfur residual oil into diesel, other products

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plans to invest more than $1 billion to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel. The investment addresses an industry shortfall in capability to convert fuel oil to products such as diesel.

Convert 225