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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

Green Car Congress

a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. The technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. Canada-based Enerkem Inc.,

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Toyota says it would rather buy credits than ‘waste’ money on EVs

Baua Electric

As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said. Wasted investment is worse than the credit purchase,” he added. That’s a tough question. It’s difficult to say, but it’s not better.” Get started here.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

A new, broad measure of “energy transition investment”, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Renewable energy investment.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

Green Car Congress

Global clean energy investment was $67.8 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Public markets investment in clean energy jumped 120% to $3.1 billion, up 9% on a year earlier.

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COMAC of China, Boeing open Energy Conservation Center; first focus on aviation biofuel from waste cooking oil

Green Car Congress

of China ( COMAC ) and Boeing opened the Boeing-COMAC Aviation Energy Conservation and Emissions Reductions Technology Center, a collaborative effort to support commercial aviation industry growth. Boeing has estimated that Chinese airlines will need to buy 5,000 new airplanes by 2030 to meet this extraordinary demand.

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Sinopec and Airbus to develop Chinese renewable aviation fuel

Green Car Congress

China Petroleum and Chemical Corporation (Sinopec), one of China’s biggest energy companies and Airbus are developing and promoting renewable aviation fuel production for regular commercial use in China. Bio-jet fuel is becoming increasingly important in aviation and the energy market. Earlier post.). Earlier post.).

Chinese 247
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Tesla Megapack Factory in China to start construction 

Teslarati

On April 22nd, the Chinese media issued a news release, saying that the Tesla Shanghai The Megapack factory is scheduled to start construction in May. At the time, the company planned to produce 10,000 Megapacks per year, equivalent to 40 GWh worth of energy storage at the factory.

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