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Oxford spin-out OXCCU raises US$22.8M to transform carbon dioxide into sustainable aviation fuel

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OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round. Trafigura, TechEnergy Ventures and Doral Energy-Tech Ventures also participated in the financing.

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Cummins and Chevron advance strategic collaboration; focus on lower carbon-intensity fuels

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Cummins and Chevron USA, a subsidiary of Chevron Corporation announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. —Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation.

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Nikola and KeyState partner to create low-carbon hydrogen value chain in PA

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Nikola Corporation and KeyState Natural Gas Synthesis , a clean hydrogen and chemicals production facility under development, are working together to create Pennsylvania’s first low-carbon hydrogen production value chain, which includes full integration of commercial carbon capture and storage.

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Chevron to acquire full ownership of Beyond6 CNG fueling network

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a subsidiary of Chevron Corporation, signed a definitive agreement to acquire full ownership of Beyond6, LLC (B6) and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron’s current B6 co-owners, a subsidiary of Mercuria Energy Trading (Mercuria) and B6 CEO Andrew West. Chevron U.S.A.

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JFE Steel, Emirates Steel and Itochu to study building supply chain for low-carbon ironmaking

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JFE Steel Corporation, Itochu Corporation and Emirates Steel Arkan, the largest steel company in the United Arab Emirates (UAE), will conduct joint detailed feasibility studies on the establishment of a supply chain of ferrous raw material for green ironmaking with low-carbon emission at the project site in Abu Dhabi.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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Decarbonizing hydrogen supply is critical to initiate uptake in these new sectors, and an industry-standard emissions measurement and verification process is key to providing the market transparency that facilitates new supply agreements.

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