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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 gas industry.
The financing was co-led by The Engine and by The GOOSE Society of Texas. Examples of these consumers include manufacturers of semiconductors, LEDs, float glass, food oil, metal, and users of hydrogen fuel cell electric vehicles. million in Series A funding. Previous investor Evok Innovations was also a major participant in the round.
Solazyme produces tailored oils using heterotrophic algae grown in industrial fermenters. Algae-based renewable oil company Solazyme, Inc. Algae-based renewable oil company Solazyme, Inc. will have an expected annual production capacity of 100,000 metric tons of oil. Source: Solazyme. Click to enlarge. Earlier post.).
The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%
Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.
These costs are fully funded, with Valero providing the majority of the financing, and the remainder from awards by the US Department of Energy (DOE) and the State of Michigan. Construction of the Kinross facility is anticipated to start in the next three to six months and is expected to be completed by year-end 2013.
million) financing from Bpifrance on the isobutene program. Bpifrance granted Global Bioenergies a “Zero Percent Interest Innovation Loan” (Prêt à Taux Zéro Innovation) to adapt its isobutene process to certain specific industrial environments. million (US$1.6-million) million interest-free loan over seven years.
Athabasca Oil Sands Corp. The agreements also provide for certain financing arrangements for AOSC. Oil sands projects are very capital-intensive long-term investments and difficult to fully finance in the traditional equity market. In 2007, Alberta granted China National Petroleum Corp. billion (US$1.7
US-based biotech startup Amfora and CSIRO (Commonwealth Scientific and Industrial Research Organisation, the federal government agency for scientific research in Australia) signed an agreement to advance development and commercialization of technology to produce oil in the leaves and stems of plants as well as the seeds. Source: CSIRO.
These grants will support 123 projects in 39 states, with recipients including private industry, academic institutions, tribal entities, local governments, and DOE’s national laboratories. The grants will be matched more than one-for-one with an additional $353 million in private and non-Federal cost-share funds.
It is then isolated and purified, while the algal biomass is processed to extract and produce a bio-oil co-product. The algal bio-oil can be used to produce biodiesel, renewable diesel, or other bio-oil-derived products. Spent algal biomass is gasified to produce bio-methane that is used onsite in a combined heat and powerunit.
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). million tons per year).
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Task Force Funding.
Conducted by Georgia Tech, the project is financed by a $50,000 Ford College Community Challenge Grant, one of five given annually for a student-led project that matches university resources with an urgent community need related to sustainability. Atlanta Public Schools (APS) donated the bus for the project.
Improved access to resource data, more efficient drilling processes, increased understanding about the industry’s potential, and improving access to financing are driving expanding interest in the sector. —Pike senior analyst Peter Asmus. Asmus adds that the current installed capacity of 10.7
The grant supports the ongoing development of a cellulosic biocatalyst that Gevo exclusively licensed from Cargill. Gevo projects that the cash operating cost for its hydrocarbon fuel is competitive with $65 per barrel crude oil (without incentives). without the typical expression co-products. Earlier post.).
Algae-based green crude oil producer Sapphire Energy, Inc. Some proceeds from previous closes of the Series C financing already have been invested in Sapphire Energy’s continuing operations. Sapphire also was awarded a $50-million grant from the Department of Energy and a $54.4-million
The Axens scope will include technology license, basic engineering, catalyst supply, and proprietary equipment for the conversion of ultra-low carbon intensity, non-edible vegetable and other non-edible oils along with renewable cellulosic hydrogen to produce a flexible mix of sustainable aviation fuel (SAF) and renewable diesel fuel.
US Agriculture Secretary Tom Vilsack announced five major agricultural research projects aimed at developing regional, renewable energy markets, generating rural jobs, and decreasing America’s dependence on foreign oil. The grants announced by Vilsack in Seattle today came through USDA’s National Institute of Food and Agriculture (NIFA).
Since it was established in April 2015, Cuberg has grown with several rounds of financing and grant funding, and signed a multimillion-dollar joint development agreement with an industrial battery manufacturer. In September 2017, CalSEED awarded Cuberg $150,000 in Phase I grant funding.
The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast. —Bill Morneau, Minister of Finance. billion (US$3.46 Earlier post.) This is an investment in Canada’s future. Background.
priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. gas and oil production from hydraulic fracturing. These funds are. part of a broad energy strategy that emphasizes. research, technology development, and commercialization.
This assures TdGP with secured financing until major project commercialization and beyond for the development of the vast TdG oilsands block. Asphaltenes are rapidly and selectively separated from heavy residue creating a decontaminated oil which is pumpable with little diluent.
The parties will also evaluate ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-oriented project(s), including product offtake as well as financial support from Japan for studies and grants relating to green ammonia projects in South Africa.
Second, the US Department of Agriculture proposed a rule on the Biomass Crop Assistance Program (BCAP) that would provide financing to increase the conversion of biomass to bioenergy. Biodiesel from soy oil and renewable diesel from waste oils, fats, and greases complies with the 50% GHG threshold for the biomass-based diesel category.
The two-year bioenergy project is funded in part by a grant from the US Department of Energy. —Christopher Peters, vice president of finance at CHOREN USA. billion barrels of oil and 58 million tons of coal over a ten year period. Energy crop company Ceres, Inc. Earlier post.).
In addition, the industry faces barriers from the impending “blend wall” of 10% ethanol in gasoline and uncertainty regarding policies and oil prices. The technology for these advanced low-carbon biofuels is here, but the financing and the investment security is not. —Miller et al.
The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. million of grants from the California Energy Commission and Pacific Gas & Electric Company. Earlier post.) The Aemetis plant upgrades are supported by $16.7
More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs.
Transit agencies began submitting their proposals after the FTA announced rules for the Transit Investments for Greenhouse Gas and Energy Reduction (TIGGER) grant program as part of the Recovery Act last March. Since President Obama signed ARRA into law in February, grants totaling more than $7.2 The DOT is making $48.1
Total costs of ownership were calculated for the full range of powertrains and van sizes in 2011, 2020 and 2030, taking account of depreciation and financing costs, fuel costs, servicing and insurance. Using government oil price projections, pure electric vans will still have a 10% cost of ownership premium over diesel in 2030.
The Natural Gas Initiative has begun funding early stage, exploratory research, following a “seed grant” model used by Stanford’s Precourt Institute for Energy, one of NGI’s hosting organizations. Tisha Schuller, who earned a bachelor’s degree in Earth systems from Stanford, will be a strategic advisor.
The new reality is a much more challenging future in terms of planning, financing and predictability. —Jonathan Grant, director, sustainability and climate change, PwC. More radical and disruptive policy reactions in the medium term could lead to high carbon assets being stranded.
The Department of Agriculture’s Rural Utilities Service will finalize a proposed update to its Energy Efficiency and Conservation Loan Program to provide up to $250 million for rural utilities to finance efficiency investments by businesses and homeowners across rural America. Nuclear Power.
The process also uses less than half the water per gallon than required for the production of gasoline from conventional crude, and about one-third to one-quarter of the water per gallon required for the production of gasoline from oil sands oil, Bolson said. On average, approximately 3.0
The goal of the project is to reduce dependence on oil while alleviating the effects of global warming. The philanthropy is consulting with hybrid-engine scientists and automakers, and has arranged for the purchase of a small fleet of cars with plans to convert the engines so that their gas mileage exceeds 100 miles per gallon.
Repurposing oil wells for battery-free energy storage “Our mission is to clean up and convert one million idle oil and gas wells into one million hours of clean energy storage,” said Kemp Gregory, CEO of Renewell Energy , based in Bakersfield, Calif. million grant from the U.S. million financing round.
Decreasing Dependence on Foreign Oil. Section 4122 allows state and local governmental entities to issue tax credit bonds in order to finance natural gas vehicle projects. A strategic reserve complements the hard price collar and ensures the availability of price-certain allowances in the event of unusually high carbon prices.
According to an independent study by CEEW Centre for Energy Finance (CEEW-CEF), the EV market in India will be a US$206 billion opportunity by 2030 if India maintains steady progress to meet its ambitious 2030 target. Gulf Oil Lubricants India has announced the launch of its e-fluids for hybrid and electric passenger vehicles in India.
Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing. 100% for some agricultural processes.
The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.
My new solar system only needs to be 2 kilowatts now instead of 4 – which is good because solar’s still too damn expensive and the process for putting AB 811 financing in place is taking too damn long, (and that’s another Greenius post that I’m still working on). The Big Dick Cheney Effect.
The potential energy and CO2 savings over sold vehicle’s lifetime will be as below: Electric vehicles sold until 2030 can cumulatively save 474 million tonnes of oil equivalent over their lifetime, worth INR 1521 thousand crores. . Ensure finance availability, particularly for commercial EVs. presented.”.
1 $100,000 Grant Moving in the Right Direction? Batteries Included $142,000 Grant 2006 Archive GM Plug-in Series Hybrid? Wakefield, 1998 "Taken For a Ride: Detroit's Big Three and the politics of pollution" by Jack Doyle Books on Peak Oil and Energy Transition "Beyond Oil: The view from Hubbert's Peak", by Kenneth S.
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