Remove Financing Remove International Remove Oil Remove South America
article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

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. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6

Global 448
article thumbnail

China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

Oil-Sands 325
article thumbnail

Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

Green Car Congress

which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Naxos Capital Partners led the round with additional new investors, including Total Energy Ventures International, joining TPG Biotech and TPG Growth in the financing. Earlier post.).

Financing 210
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Northeast Utilities and its subsidiary NStar had agreed to buy 27.5%

Renewable 150
article thumbnail

Bio- and jet-fuel carinata feedstock company Agrisoma closes $15.4M Series B financing

Green Car Congress

million Series B financing round, co-led by new investor Groupe Lune Rouge and current investors Cycle Capital Management, and BDC Venture Capital. Like other oilseed crops, such as canola, soybean and corn, carinata oil is extracted when the harvested seed is crushed.

Financing 150
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. "Their cars are way behind Toyota, for sure," Sokol admits.

BYD 62