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

Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

Green Car Congress

has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. This first phase commences in May 2017 and would continue until completion of Gevo’s first large-scale commercial hydrocarbon plant.

Supplies 150
article thumbnail

Sayona Mining and Piedmont Lithium restart commercial spodumene concentrate production at NAL

Green Car Congress

North American lithium producer Sayona Mining and Piedmont Lithium successfully restarted commercial spodumene concentrate production at the jointly-owned North American Lithium (NAL) project in Québec ( earlier post ). Sayona is targeting 226,000 metric tons per year of annual production with first commercial shipments expected in Q3 2023.

article thumbnail

Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

Green Car Congress

Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide. Definitions and 40 CFR § 260.10 Definitions). Raven SR Inc., Earlier post.). In Steam CO 2 Reforming, there is no oxygen or air (i.e. 22 CCR § 66260.10

Chevron 397
article thumbnail

Gevo and Praj to commercialize sustainable aviation fuel in India

Green Car Congress

signed a binding, definitive Master Framework Agreement (MFA) to collaborate on providing renewable, low carbon, low particulate, Sustainable Aviation Fuel (SAF) and renewable premium gasoline in India and neighboring countries. The renewable isobutanol will be aggregated and transferred to various refineries.

India 199
article thumbnail

Chevron, Bunge announce proposed JV for soybean feedstocks for renewable fuels

Green Car Congress

Chevron USA, a subsidiary of Chevron Corporation, and Bunge North America, a subsidiary of Bunge Limited, announced a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.

Chevron 186
article thumbnail

Volvo Group and Westport sign LOI to form JV to advance commercialization and adoption of HPDI

Green Car Congress

Volvo Group and Westport Fuel Systems signed a non-binding letter of intent (LOI) to establish a joint venture to accelerate the commercialization and global adoption of Westport’s HPDI (High Pressure Direct Injection) fuel system technology for long-haul and off-road applications.

Volvo 150