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Neste, Marathon finalize transaction to establish JV for production of renewable fuels in US

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Neste Corporation and Marathon Petroleum Corporation (Marathon) announced an agreement to establish a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon’s refinery in Martinez, California (the Martinez Renewable Fuels project ). Earlier post.).

Renewable 365
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Neste investing €1.9B to expand renewable products refinery in Rotterdam; 1.2 Mtpa of SAF

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Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. Rotterdam NExBTL plant. Neste’s current 1.4 million tons.

Renewable 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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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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Dongfang Electric reports successful test of direct seawater electrolysis for hydrogen production

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China-based Dongfang Electric Corporation (DEC) reported successful testing of non-desalinated seawater electrolysis technology for hydrogen production powered by offshore wind. The floating hydrogen production platform Dongfu One is sited in an offshore wind farm in East China’s Fujian province. —Xie et al.

Hydrogen 422
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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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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.