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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. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.
EcoDual, LLC, a provider of diesel-to-natural-gas dual-fuel conversion systems for heavy duty diesel powered trucks has partnered with Vision Financial Group (VFG) to provide lease-to-own financing options for fleet owners seeking to convert to natural gas operation.
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.
Audi A3 TCNG for e-gas project. Starting in 2013, Audi will begin series production of TCNG models whose engines—derived from TFSI units—will be powered by e-gas: synthetic methane produced via the methanation of hydrogen produced by electrolysis using renewable electricity. Click to enlarge.
The US Department of Energy (DOE) has issued a Request for Information (RFI) ( DE-FOA-0001055 ) for light-duty fuel cell electric vehicles (FCEV) fueling infrastructure financing strategies within the context of an early market introduction. Hydrogen production today uses natural gas—a very low cost, domestically produced commodity.
Waste gases-to-fuels and -chemicals technology company LanzaTech has closed on $15 million in debt financing from Western Technology Investment (WTI), a private investment firm based in Silicon Valley. Earlier this year, LanzaTech closed a $55.8-million
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.
Calysta Energy completed a Series A financing round totaling $3 million. Calysta intends to use the Series A investment to advance development of biological routes to high value industrial chemicals and fuels based on methane, an advantaged feedstock from natural gas. The financing was led by Pangaea Ventures Ltd.,
From Lingen (Emsland) to Gelsenkirchen and from the Dutch border to Salzgitter, production, transport, storage and industrial acceptance of green hydrogen are to be connected in several steps between 2024 and 2030 under the umbrella of the overall project. The current focus is on the amendment of the Energy Industry Act (EnWG).
Gas-flaring countries and trends. A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. Click to enlarge.
The feedstock pellets from the pre-treatment plant will then be converted into hydrogen in a second RWE plant which the company is to build at the Chemelot industrial park in Limburg. This corresponds to half of the annual domestic gas consumption in Limburg. The plant is expected to produce 54,000 tonnes of hydrogen per year.
Every year $110 billion of hydrogen gas is generated in refineries, chemical plants, and fertilizer plants of which 15%—$16 billion—are lost to flaring. Divi-H, DiviGas’ membrane, can recycle this previously unrecoverable hydrogen gas, netting the average refinery $3-6 million annually with a 2-3x return on investment (ROI).
million to address short- and long-term challenges facing the growing worldwide unconventional oil and gasindustry. Shale gas is abundant, widely used, and a growing source of energy in the United States. Shell and The University of Texas at Austin signed a five-year agreement to invest $7.5
The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.
Blue Marble Energy’s proprietary AGATE (Acid, Gas and Ammonia Targeted Extraction) system uses different bacterial consortia (“cassettes”) in an anaerobic fermentation process to produce a variety of biochemicals, including short-chain esters, amides and green anhydrous ammonia. It also generates renewable natural gas as a product.
(CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.
OXCCU, a company spun-out from the University of Oxford in 2021 that is focused on converting carbon dioxide and hydrogen into industrial and consumer products ( earlier post ), completed an £18-million (US$22.8 million) Series A financing round.
Initially intended for industrial applications, PEM electrolysis is now targeting the renewable energy storage market, to supply service stations with hydrogen for fuel cell vehicles or to supply natural gas networks (power-to-gas, e.g., earlier post ). —Vianney de l’Estang, CEO of Smart Energies.
This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. Financing alternatives are being evaluated.
China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. Developing the industrial system. L/100km (40 mpg US) or less.
In addition, Amyris announced its purpose-built industrial fermentation facility in Brazil has successfully begun production of Biofene, Amyris’s brand of renewable farnesene. million in cash proceeds and the conversion by Total Gas & Power USA, SAS of $5 million from an outstanding senior unsecured convertible promissory note.
Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. The Commission is convinced that financing should cover.
European Commissioner for Internal Market Thierry Breton and European electrolyzer manufacturers last week met in Brussels to discuss how to increase industry’s capacity to produce electrolyzers used to produce clean hydrogen. It will improve Europe’s sustainable and secure energy supply and reduce EU’s reliance on Russian gas.
The grant will provide $10 million in the first year, which will fund the consortium members, in collaboration with more than 100 partner entities, to develop a roadmap to accelerate the growth and development of geothermal, leveraging expertise, technologies, and methods from the oil and gasindustry.
Ltd, for the introduction of LanzaTech’s proprietary gas fermentation technology ( earlier post ) throughout Mitsui. MGSSI and MPS will play a strategic role leveraging Mitsui’s global position in a variety of industrial sectors, identifying value-added opportunities for the application of LanzaTech’s process.
The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climate change. UNCTAD also recommends that the industry find ways to reduce its dependence on critical raw materials. Brazilian mine. Agência Brasil/José Cruz.
Researchers at the Fraunhofer Institute for Microengineering and Microsystems IMM are developing ammonia-based systems for a mobile, decentralized energy supply in the infrastructure, transportation and industry sectors. Several of the research projects were showcased for the first time at the recent Hannover Messe.
The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). Hydrogen has the potential to make a substantial contribution to our clean energy transition, reducing emissions across the economy while underpinning the development of an important domestic and export industry.
IG Metall, Germany’s largest union as well as Europe’s largest industrial union, warns that at Hüttenwerke Krupp Mannesmann (HKM), the switch to climate-neutral steel production is may fail due to the lack of financing. This would be the end of the plant, IG Metall said. With a current production volume of 4.2
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. The EPA has established that cellulosic biofuels reduce greenhouse gas emissions by at least 60% when compared to gasoline. Canada-based Enerkem Inc., Earlier post.).
has completed the technical feasibility study for a natural gas to liquids project in Natchez, Mississippi. The site is served by American Midstream’s Midla pipeline system that intersects three interstate gas pipelines. EmberClear an source gas from Texas and Louisiana, as well as parts of Oklahoma. EmberClear Corp.
Scottish gas reforming company Gas2 has secured £5.5 million) of funding to further the development of the next generation of gas-to-liquids (GTL) technology including the construction of a pilot reactor plant. Step 1 produces syngas (hydrogen and carbon monoxide) in 2 stages from a combination of natural gas and oxygen.
South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).
The engine block is derived from a Cursor 11 commercial vehicle engine manufactured by FPT Industrial and has already served us for five years in various research projects. An electrically driven compressor for precise exhaust gas recirculation is also used. This is done via exhaust gas recirculation (EGR). Image: Empa.
GE Oil & Gas announced the development of a Micro LNG integrated plant that meets the small-scale liquefied natural gas (LNG) requirements of powering remote industrial and residential locations and fueling motor vehicles. GE’s Micro LNG plant produces in the range of 20 to 150 k/tons per year of LNG. acquisition in 2011.
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. Clean Energy Fuels Corp.
And the nuclear industry must quickly address the issues of cost overruns and project delays that have bedevilled the construction of new plants in advanced economies. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.
START is a significant step forward for the aluminum industry as the first offering of this kind, setting a new standard on transparency, traceability and responsible production from mine to market. Across its aluminum operations, Rio Tinto’s greenhouse gas emissions intensity is 60% lower than the industry average.
billion from Wanxiang to finance and construct the first phase of a coal-to-natural gas facility that ultimately will have an annual production capacity of one trillion cubic feet (1 Tcf) (30 billion cubic meters) per year. billion cubic meters) of annual natural gas output within two years. China Petroleum and Chemical Corp.
GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, signed a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. NGVs that are eligible under this agreement use either compressed natural gas (CNG) or liquefied natural gas (LNG).
These include the financing and construction of an oil refinery in the DRC to be owned jointly by both countries to meet regional demand for refined petroleum products, along with the construction of storage facilities for refined products. —Equatorial Guinea’s Minister Gabriel Mbaga Obiang Lima.
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
It is the key to using the great potential we have in reducing CO 2 emissions in the steel industry. It also has a connection to the existing natural gas network, which in the future could also be used for the transport of hydrogen. It would thus make an important contribution to the short- and long-term supply of the steel mill.
Alaska Governor Sean Parnell proposed a $355-million financial package for construction of a natural gas liquefaction plant on Alaska’s North Slope and a Fairbanks-area natural gas distribution system through the private sector, and an area-wide utility. —Gov.
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