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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Green Car Congress

Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 billion barrels of resource, of which 75 percent is liquids.

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Tesla Semi Megacharger route still plausible despite Biden admin rejection: report

Teslarati

As per a former Tesla VP, the EV maker may pivot to state funding or even use its own resources to build a Tesla Semi Megacharger route. As noted in a TechCrunch report, Tesla was looking to secure almost $100 million from the administration’s Charging and Fueling Infrastructure (CFI) Discretionary Grant program.

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GM and POSCO Chemical to process cathode active material at new $400M joint venture plant in Québec

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GM and our supplier partners are creating a new, more secure and more sustainable ecosystem for EVs, built on a foundation of North American resources, technology and manufacturing expertise. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas.

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Edeniq and Flint Hills Resources Renewables establish joint development relationship for ethanol

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Flint Hills Resources Renewables, LLC, a leading US ethanol producer, will become a customer of Edeniq, Inc., Flint Hills Resources Renewables expects further adoption of Edeniq equipment to provide bolt-on technologies needed to extract sugar from a wide range of cellulosic (non-food) feedstocks to create cellulosic ethanol.

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Fort Worth approves $68.9M incentive package for Linear Labs for electric motor manufacturing

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The City of Fort Worth, Texas has approved a $68.9-million Fort Worth is our home and we can see the strategic moves the city is making to shape its infrastructure into the next major technology hub.

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GM and Glencore enter multi-year cobalt supply agreement

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Lithium with Controlled Thermal Resources (CTR) to secure lithium produced by the first stage of its Hell’s Kitchen Project in California. The company will then expand into magnet manufacturing around 2025 at its new production facility in Fort Worth, Texas. Rare earth materials with GE, to develop a rare earth value chain.

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GM and MP Materials enter long-term supply agreement to scale rare earth magnet sourcing and production in US

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Rare earth materials sourced from Mountain Pass will be transformed into metal, NdFeB alloy and magnets at a new production facility MP Materials today announced it will build in Fort Worth, Texas, delivering an end-to-end US supply chain.

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