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Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4

Russia 199
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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2

Nigeria 186
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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

Green Car Congress

Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000).

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

The City of Lancaster will supply guaranteed feedstock of recyclables, and will save between $50 to $75 per ton in landfilling and landfill space costs. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.

Waste 448
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The Case for Nuclear Cargo Ships

Cars That Think

The other two ships, the Japanese Mutsu (1970) and the German Otto Hahn (1968), were both refitted with diesel engines partway through their service lives. Russia currently operates seven nuclear-powered icebreakers. Engines in ordinary ships are the size of houses,” says Emblemsvåg, who is leading NuProShip.

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Crypto’s Slow Motion Gold Rush

Cars That Think

That set the stage for a crypto gold rush in other countries, but supply chain disruptions and logistical bottlenecks have made capitalizing on the opportunity tough. In April, 46 percent of all mining took place in China, according to data from the Cambridge Centre for Alternative Finance.

Chinese 102
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Stanford launches major new natural gas research initiative

Green Car Congress

Idle natural gas import terminals are being retooled to export liquefied natural gas to Asia and Europe, which is looking to lessen its dependence on Russia for natural gas. Brandt, in Energy Resources Engineering, led a national study last year on methane leaks in the US natural gas system. Earlier post.).

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