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

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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.).

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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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Using these modules also improves redundancy and reduces capital cost, enabling TerraStar customers to achieve an attractive internal rate of return (IRR). TerraStar hopes to shorten the turn-around times even more as they scale this technology. TerraStar hopes to shorten the turn-around times even more as they scale this technology.

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

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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 the United States, refining capacity has decreased by about 1.1 million b/d in 2022 and by 2.1 million b/d in 2023.

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Navistar to take stake in Brazilian bus builder Neobus; to partner on fully integrated commercial buses for the Americas

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Working together, we can bring value to customers with an integrated solution for commercial bus markets in South America and North America. Another affiliate offers financing services. —John McKinney, president Navistar Global Bus. The company also provides truck and diesel engine service parts.

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

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The transaction will be funded by CNOOC Limited’s existing cash resources and external financing. This head office will be responsible for operating and growing Nexen’s assets in North and South America, Europe and West Africa and CNOOC Limited’s portfolio in Canada, the U.S. and Central America. OPTI Canada Inc.

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Roskill: record cobalt deals in Q1 2018 show raw material procurement for Li-ion batteries revving up

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With an increasing amount of Li-ion battery raw material refining and processing centred in China, and it being front-and-center of Li-ion demand growth, Chinese Li-ion value chain participants have turned to Australia, Africa and South America to secure the feedstock necessary for their downstream requirements.

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

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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%

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