article thumbnail

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

Green Car Congress

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
article thumbnail

Zeon Corporation invests in Mitra Chem; LFP cathode materials

Green Car Congress

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.

article thumbnail

GM expanding into new commercial applications for its HYDROTEC fuel cell systems

Green Car Congress

GM announced new commercial applications of its HYDROTEC fuel cell technology. They could also back up or temporarily replace grid-sourced electricity for residential and small commercial enterprises at times of power disruption. —Charlie Freese, GM executive director of the global HYDROTEC business. Mobile Power Generator.

GM 448
article thumbnail

Volkswagen Commercial Vehicles supporting the expansion of renewable energy with solar project in Spain

Electric Cars Report

As part of its GRIP 2030 corporate strategy, Volkswagen Commercial Vehicles (VWCV) intends to raise the percentage of battery-electric vehicles that it sells to over 55 per cent by 2030.

Spain 109
article thumbnail

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

Green Car Congress

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.,

article thumbnail

Genomatica and Asahi Kasei partner on renewably-sourced nylon 6,6 for automotive

Green Car Congress

Sustainable materials leader Genomatica and Japan-based diversified global manufacturer Asahi Kasei announced a strategic partnership to commercialize renewably-sourced nylon 6,61 made from Genomatica’s bio-based HMD (hexamethylenediamine, also abbreviated as HMDA) building block.

Renewable 210
article thumbnail

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

Green Car Congress

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. This collaboration is intended to encourage commercial and industrial adoption in North America.

Chevron 284