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Shell selects site for proposed $12.5B GTL project in Louisiana

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Shell has selected Ascension Parish in Louisiana as the location for a potential natural gas-to-liquids (GTL) facility. The Louisiana Department of Transportation and Development will begin moving forward this year with projects that benefit the industry and those who travel throughout St. James and Ascension parishes.

Louisiana 255
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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. Louisiana State University. Louisiana State University. Florida Maxima Corporation. University of Mississippi.

Oil 150
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Dynamic Fuels and Mansfield Oil Company enter into commercial off-take and strategic alliance agreements for renewable diesel

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and Syntroleum Corporation that produces synthetic fuels from animal fats and greases, has entered into strategic marketing alliance, commercial off-take and supply chain management agreements with Mansfield Oil Company to distribute renewable diesel to the commercial fleet vehicle market.

Renewable 210
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DOE awards $19M to 13 initiatives in fossil-fuel areas to produce rare earth elements and critical minerals

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Gulf Coast Basin (Alabama, Arkansas, Georgia, Louisiana, Mississippi and Texas): The University of Texas at Austin plans to quantify coal from mines and coal ash from power plant resources and refuse as feedstocks for rare earth elements and critical minerals within the US Gulf Coast Basin. DOE Funding: $1,204,129. DOE Funding: $1,499,999.

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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. —Randall C.

Financing 186
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DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

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billion from the American Recovery and Reinvestment Act for the capture carbon dioxide from industrial sources for storage or beneficial use. Steven Chu, Science Large-scale industrial carbon capture and storage selections (by amount of DOE award) include: ConocoPhillips. Archer Daniels Midland Corporation. C6 Resources.

Carbon 210
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AEP Signs on as Corporate Sponsor of Pickens’ Energy Plan

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American Electric Power has signed on as a corporate sponsor of The Pickens Plan, proposed by oil and gas industry veteran T. Boone Pickens. AEP’s headquarters are in Columbus, Ohio.