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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

Global 448
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In-wheel electric drive company Protean Electric raises $40M; JV with Weifu

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The Series E financing proceeds will support Protean’s on-going business activities and help to establish a global licensing model covering all key markets. Protean maintains operations in the United Kingdom, China and the US, with its manufacturing plant at Tianjin, China. —Kwok-Yin Chan, CEO of Protean Electric.

Companies 170
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Nissan to lead EC-backed multi-standard rapid charge network project in UK and Ireland

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Nissan is leading a consortium which aims to establish a network of rapid chargers for electric vehicles running the full length and breadth of the United Kingdom and Ireland. The rapid chargers being deployed will be the first multi-standard units in public operation in Europe.

Ireland 210
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Energy ministers agree to help speed up global deployment of carbon capture and storage

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The following governments agreed to continue or initiate action in support of one or more of these recommendations by the next Clean Energy Ministerial: Australia, Canada, France, Germany, Japan, Mexico, Norway, Republic of Korea, South Africa, the United Arab Emirates, the United States and the United Kingdom.

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DOE awards $4M to carbon capture and storage projects selected as part of ACT

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The US Department of Energy’s (DOE) Office of Fossil Energy (FE) announced $4 million in federal funding for national laboratories to collaborate with international partners on seven projects out of the 12 that were selected as a part of the Accelerating Carbon Capture and Storage Technologies (ACT) Initiative. million of which €31.5

Carbon 150
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. We ask the international financial institutions to offer support to countries in this process.

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Solena signs LOI with Rentech for Fischer-Tropsch technology for first commercial-scale renewable jet fuel facility in Europe

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for the use of Rentech’s proprietary Fischer-Tropsch (FT) synthetic fuel technology in Solena’s BioJetFuel project—GreenSky—in the United Kingdom. Separately, the International Air Transport Association has voluntarily agreed to a 50% emission cut of 2005 levels, by 2050. The Solena Group, Inc., Earlier post.).

Renewable 210