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Omnitek Engineering completes $5M placement; financing to facilitate diesel to natural gas truck engine conversion sales

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Omnitek Engineering Corporation, a developer of natural gas engines and diesel-to-natural gas conversion systems, has entered into a definitive agreement with investors for a private placement of common stock and warrants to raise approximately $5.0 million in gross proceeds.

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Valero providing construction financing for Valero-Diamond renewable diesel JV

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A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana.

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New York City Council passes bill mandating all city school buses be electric by 2035

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According to the Fiscal Impact Statement prepared by the Finance Division of the City Council, there are approximately 10,700 school buses City-wide, of which the City manages approximately 960 in partnership with the NYC School Bus Umbrella Corporation (NYCSBUS). million in capital costs through Fiscal 2035, or $28.3

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Volvo Car Corporation ramps up assembly of V60 diesel plug-in hybrid; up to 6K units for MY 2014

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Volvo Car Corporation is now ramping up production of the new Volvo V60 Plug-in Hybrid. The assembly of the first commercial light-duty diesel plug-in hybrid has been successfully integrated on the same line as the company’s other models at the Torslanda plant in Gothenburg. Earlier post.)

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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

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million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. Diesel Engines' Achates Power, Inc., director of engine research at Southwest Research Institute and 2002 SAE president.

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ClearFlame Engine Technologies raises $30M in Series B

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ClearFlame’s solution elevates combustion temperatures in order to enable use of non-traditional fuels that fail to ignite using conventional diesel-style MCCI (mixing-controlled compression ignition) without sacrificing performance. Earlier post.)

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Technip, EGPC and ASORC agreement for $1.5B modernization of Egypt’s Assiut Refinery; maximizing diesel

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Technip Italy SpA announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the $1.5-billion According to the agreement, Technip will now start activities for the project, as well as providing support to ensure project financing.

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