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PetroChina and INEOS complete transaction to form trading and refining JVs related to refining operations in Scotland and France

Green Car Congress

PetroChina Company Limited and INEOS Group completed the deal to form trading and refining Joint Ventures between PetroChina International (London) Company Limited, and INEOS Investments (Jersey) Limited on 1 July. The Grangemouth refinery is located on the Firth of Forth with direct access to crude oil and gas from the North Sea.

France 199
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Hydrogen Opposed Piston Engine Working Group formed

Green Car Congress

High pressure injectors for hydrogen are challenging because the small molecule size of the gas lends itself to leakage, but direct injection enables high compression ratios for improved efficiency and increased power and torque. Achates Power is backed by the Oil and Gas Climate Investments and other investors. Aramco Americas.

Hydrogen 353
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PetroChina offers INEOS $1B for a 50% share in its European refining business; two joint ventures result

Green Car Congress

PetroChina International (London) Co. The Grangemouth refinery is located on the Firth of Forth with direct access to crude oil and gas from the North Sea. The Grangemouth refinery processes around 210,000 barrels of crude oil per day and provides fuel to Scotland, Northern England and Northern Ireland.

France 199
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Electric cars back on track?

Plugs and Cars

Oil has passed $120 a barrel. The NY Times headlined "As Gas Costs Soar, Buyers Flock to Small Cars." Even stories that got much wrong, such as The Independent of London, England, here , concluded "the electric car is probably the [alternative] with the greatest potential." The tide appears to be turning. GM lost $3.25