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Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Gevo fully funded the RNG Project’s development costs and 100% of its equity capital from cash reserves. The RNG Project will generate RNG captured from dairy cow manure.

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Clean Energy Zero Now truck orders surpass 250; heavy-duty trucks fueled by renewable natural gas

Green Car Congress

has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem RNG (renewable natural gas). In addition, truck fleets financed or purchased through Zero Now will be able to purchase Redeem fuel with a fixed discount to diesel at a significant spread. Earlier post.).

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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

Green Car Congress

The projected cost of the Olin Yo’l GTL project in Uzbekistan ( earlier post ) will hit $5.6 As originally outlined by founding project partners Sasol, Petronas and Uzbekneftegaz, the project was estimated to cost some $4.1 The majority of production will be GTL diesel and GTL kerosene.

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GE Capital and Clean Energy form strategic alliance to accelerate adoption of natural gas in trucking industry

Green Car Congress

GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.

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Lux Research: fuel cell vehicles lag other drivetrains in terms of cost of ownership; ICE and HEV lowest cost

Green Car Congress

Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.

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German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

Green Car Congress

million currently approved Euro 5 and 6 diesels in the country, according to the outcome of the “National Diesel Forum” held in Berlin today between the automotive industry and the German Federal and state governments. At Wednesday’s National Diesel Forum. This also includes the further optimization of the diesel drive.

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Blue Energy Motors to raise USD 100 million (Rs 760 crore) to fund EV expansion | Autocar Professional

Baua Electric

Blue Energy Motors, a leading liquefied natural gas (LNG) truck manufacturer, is seeking to secure UDS 100 million in funding to support its foray into the electric vehicle market. However, the major challenge is financing, as the capital costs are much higher for electric trucks.