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Chevron to acquire Renewable Energy Group in $3.15B cash deal to boost renewable fuels position

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Chevron Corporation and Renewable Energy Group announced a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 REG was a founder of the renewable fuels industry and has been a leading innovator ever since. billion, or $61.50

Chevron 273
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MATHESON executes long-term hydrogen supply contract with Vertex for renewable diesel production

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MATHESON , the US affiliate of Nippon Sanso Holdings Corporation ( NSHD ), has signed a long-term supply agreement to meet hydrogen requirements for a 75,000 bpd refinery in Mobile, Alabama owned by Vertex Energy. Conceptual design of the HyCO Facility has been completed and engineering has been progressed.

Renewable 186
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Air Products and AES plan to invest ~$4B for mega-scale green hydrogen production facility in Texas; 200 metric tons per day

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Air Products and The AES Corporation plan to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. This mega-scale renewable power to hydrogen project includes approximately 1.4

Texas 353
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USNC, Hyundai Engineering, SK E&C to partner on nuclear hydrogen production; MMR and SOEC

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Ultra Safe Nuclear Corporation (USNC), a US-based vertical integrator of nuclear technologies and services, Hyundai Engineering and SK E&C are teaming up to conduct research and development for carbon-free hydrogen production. It is also participating in a government-led green hydrogen production demonstration project.

Hydrogen 435
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Zeon Corporation invests in Mitra Chem; LFP cathode materials

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Japan-based Zeon Corporation, through its venture capital arm Zeon Ventures Inc., Mitra Chem is one of the select few companies in the United States aiming for the large-scale commercial production of LFP batteries, which it seeks to achieve using its proprietary machine learning platform to develop cathode materials for these batteries.

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DOE awards $22.1M to 10 nuclear technology projects including clean hydrogen production

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million to 10 industry-led projects to advance nuclear technologies, including two aimed at expanding clean hydrogen production with nuclear energy. The 50 kW demonstration will prove that high-efficiency syngas production can be achieved at low capital-cost using GRC’s unique thermal-spray-based SOCC technology.

Hydrogen 475
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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 2022) “A high-performance capillary-fed electrolysis cell promises more cost-competitive renewable hydrogen.” Hoang, A.L.,