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UK accelerates end of sale of new gasoline and diesel cars to 2030, hybrids to 2035

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UK Prime Minister Boris Johnson confirmed that the government will accelerate the ban on the sale of new gasoline and diesel vehicles, bringing it forward by ten years to 2030, as part of a “Green Industrial Revolution.” billion), boosting international investment into strong manufacturing bases including in the Midlands and North East.

Gasoline 304
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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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TerraStar Energy signed a Memorandum of Understanding (MOU) with Emerging Fuels Technology (EFT) to license EFT’s Fischer-Tropsch (FT) and Maxx Jet/Maxx Diesel proprietary technology ( earlier post ) to build a fleet of FLEX plants—small-scale, modular renewable diesel facilities.

Diesel 170
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ExxonMobil to buy 2.5M barrels of renewable diesel per year for 5 years from Global Clean Energy

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million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. million barrels per day of heating oils, kerosene and diesel oils. ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 As background, globally, in 2019, ExxonMobil sold some 1.9

Clean 186
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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. Darling International Inc.

Financing 186
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Aemetis selects Worley to provide engineering for ‘Carbon Zero 1’ renewable jet and diesel production plant

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Aemetis awarded an engineering services contract to Worley for the Aemetis ‘Carbon Zero’ renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Earlier post.)

Renewable 186
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Algenol closes on additional $25M internal equity financing

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The algal bio-oil can be used to produce biodiesel, renewable diesel, or other bio-oil-derived products. It is then isolated and purified, while the algal biomass is processed to extract and produce a bio-oil co-product. Spent algal biomass is gasified to produce bio-methane that is used onsite in a combined heat and powerunit.

Financing 150
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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. overseeing all powertrain technologies, as well as the 2014 Society of Automotive Engineers (SAE International) presidential nominee.

Financing 236