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Along the border of France and Switzerland, around a hundred meters underneath the countryside, protons speed through a 27-kilometer ringabout seven times the length of the Indy 500 circuituntil they crash into protons going in the opposite direction. Collider projects take years to plan and billions of dollars to finance.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. Although they are targeting an initial implementation France, they see it as broadly applicable. Diagram: Isabelle Plat. Click to enlarge.
The Renault Group has entered two major partnerships for the production of Li-ion batteries in France. As the battery arm of global green tech company Envision Group, it will invest up to €2 billion to produce latest technology, cost-competitive, low-carbon and safe batteries for electric models, including the future R5.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming. Germany, the U.K.
The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Germany accounted for 45% of global solar investments. Click to enlarge.
Global Bioenergies will soon be receiving €2.6 Global Bioenergies will soon be receiving €2.6 Financing a first of its kind plant, based on an innovative technology is always a challenge. —Marc Delcourt, CEO of Global Bioenergies. Global Bioenergies and Cristal Union created the joint venture IBN-One.
France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million million) financing from Bpifrance on the isobutene program. —Marc Delcourt, CEO of Global Bioenergies.
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.
Ford Motor Company is mapping out a strategy to address the requirements for personal mobility in the context of the megatrend of increasing global urbanization, both in mature economies as well as in emerging markets. Rough map of Ford’s Blueprint for Mobility. Click to enlarge. —David Berdish.
HYVIA is located in France at four locations. A range of financing options and maintenance services will also be offered. The joint venture is equally owned by the two partners and is chaired by David Holderbach, with more than 20 years of experience in strategic, product and international sales at the Renault Group.
Energy Ministers from around the world have agreed to proposals to help speed up the global deployment of carbon capture and storage. The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.
Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 Global investment in renewable energy capacity moved up 2% to $303.5
Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene.
The one-day conference brings together more than 300 government leaders, business executives and nonprofit directors from a variety of countries, including Australia, China, England, France, Japan, Germany, the Netherlands, Portugal, Sweden, Spain and the United States.
Launched at the Rio+20 summit in Brazil, the Global Initiative for Resource-Efficient Cities is intended to work with local and national governments, the private sector and civil society groups to promote energy efficient buildings, efficient water use, sustainable waste management and other activities.
Existing investors Breakthrough Energy Ventures, Ecosystem Integrity Fund, Summa Equity, Shell Ventures, and SYSTEMIQ also participated in the financing. The program kick-off is supported by a new raise of $24.3 million, led by Horizons Ventures, joined by a new investor: British Airways.
One month after its IPO ( earlier post ), Global Bioenergies, a France-based startup that has engineered a series of bacterial strains that can produce isobutene, has received €475K (US$680K) in funding from the French innovation agency OSEO. Global Bioenergies had already received OSEO funding of €760K US(1.1 distillation).
Global Bioenergies has reached two milestones—the labscale performance and the industrial process scale-up—of its process to produce renewable isobutene, one of them more than 2 months in advance. The BioMA+ project is financed by the ADEME in the context of the French “Investissements d’Avenir” State program.
The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. billion were in France. Tags: Europe Financing Policy Vehicle Manufacturers. billion (US$81.9
AREVA, Smart Energies and the French State, represented by the ADEME as operator of the Investissements d’Avenir (investments for the future) Program, will eventually hold equal stakes in the company, with the aim of making it a leading global player in the field of hydrogen production by electrolysis.
the developer of a technology to extract oil from algae, announced that Ennesys, its joint venture partner in France, is working with large institutions to develop two separate large-scale algae projects. France’s RT 2020 sustainable energy law requires that all major buildings achieve a positive energy balance by the year 2020.
France-based Global Bioenergies announced that its German subsidiary, Global Bioenergies GmbH, secured a €400,000 (US$446,000) grant from the BMBF (the German federal ministry for research and education) to finance a 14-month-project aimed at producing renewable gasoline additives. million tons per year).
The Organization for Economic Cooperation and Development (OECD) and the IEA have found that eliminating fossil fuel subsidies by 2020 would reduce global greenhouse gas emissions in 2050 by ten percent. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). China accounted for more than half of global sales as its market for electric cars doubled amid government efforts to curb pollution.
million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. This Series B round is used to support the global expansion of Agrisoma’s business. Elizabeth-France Marillia, Tammy Francis, Kevin C. Falk, Mark Smith, David C.
Ballard Power Systems has signed a product development agreement with Hydrogene de France ( HDF Energy ), an independent power producer dedicated to renewable power generation, for the development and integration of a multi-megawatt (MW) scale fuel cell system into HDF Energy’s Renewstable power plant designed for stationary power applications.
Global wind energy capacity grew by 28.8% last year, even higher than the average over the past decade, to reach total global installations of more than 120.8 GW at the end of 2008, according to the Global Wind Energy Council. The global wind market for turbine installations in 2008 was worth about €36.5 billion (US$46.8
Both companies intend to create an EV Customer Experience Center in France that will promote the implementation of projects to demonstrate the economic, commercial and technological challenges at stake. million globally. In July 2011, GE Capital announced the first European supply of EV Citroën C-Zero cars to technology giant, 3M.
PwC analysis finds a need for global carbon intensity to drop an average of 5.1% Since 2000, the global rate of decarbonization has averaged 0.8%; from 2010 to 2011, global carbon intensity fell by just 0.7%. Because of this slow start, global carbon intensity now needs to be cut by an average of 5.1% Click to enlarge.
Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer organisation to the joint venture. In the future also, all Bugatti models will still be produced at the Bugatti factory in Molsheim, France. —Lutz Meschke, Member of the Executive Board for Finance.
The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.
Visedo, a Finnish manufacturer specializing in electric powertrains and components, has secured a financing package of €20 million (US$21 million) to support its international growth plans. The financing consists of an equity investment of €13.5 million, an EFSI loan of €5 million and €1.5 million in funding from other sources.
Some 60% of global output is for the tire industry. In addition to developing an innovative bio-butadiene production process, the partners are also committed to laying the groundwork for a future bio-sourced synthetic rubber industry in France. million (US$20 million) in financing as part of the Investing in the Future program.
These investments will enable FiveT to establish itself at the heart of the hydrogen industry and help advance a broader global mission to address climate change and accelerate the energy transition. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.
The draft report says that as the global economy’s center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the current 27%, as well as half of global trade and investment. If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050.
Global Bioenergies has delivered the first batch of isobutene from renewable resources to Arkema six months ahead of the projected schedule. Thanks to the cooperation of ARD’s and Global Bioenergies’ teams, the scaling up of our process in our industrial pilot has been achieved in record time. Earlier post.)
Americans are much less likely than consumers in other major industrialized countries to purchase an electric vehicle or hybrid, largely because of concerns over access to charging stations away from home, according to a survey by global consulting firm OC&C Strategy Consultants.
The cooperation between Michelin and ENGIE, a global energy and services group, for the development of a hydrogen ecosystem, in particular in the field of hydrogen mobility, will also benefit the joint venture. This operation is subject to the approval of the competent merger authorities.
The formal acknowledgement of the Copenhagen Accord ended a particularly contentious and chaotic set of negotiations, ostensibly capping more than a decade of deliberations towards a framework to reduce global greenhouse gas emissions beyond the terms of the Kyoto Protocol, which expires in 2012. degrees Celsius.
billion) in France-based PSA Peugeot Citroën as part of a €3-billion (US$4.13-billion) Reinforcing PSA Peugeot Citroën’s competitive positioning in Europe, in particular through accelerating PSA Peugeot Citroën’s development via the financing of a program of strategic investments and strengthening its balance sheet and liquidity.
Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). We see a momentous inflection point for the global auto industry in the second half of the 2020s.
They said Prokhorov was ready to provide project financing for two years. Russia is seeking to modernize its commodity-based economy, which was hit hard by the global crisis when energy prices fell, and wants to achieve growth in technology sectors where it believes it may have some competitive advantage.
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