In Texas, Vertex Energy entered into a Restructuring Support Agreement with overwhelming support of 100% of the company’s term loan lenders. To facilitate the transactions contemplated under the RSA, including exploration of a sale transaction, the Company commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. The Company […]
In Texas, Utility Global, the off-gas-to-value company pioneering its proprietary eXERO gas production technology optimized for hard-to-abate industries, today announced that it has raised $53 million of an ongoing Series C financing led by the OPG Pension Plan and joined by multinational steel company, ArcelorMittal S.A. via its XCarb Innovation Fund, alongside current investors Ara […]
In Texas, Honeywell announced it has signed an agreement with USA BioEnergy (USABE) to implement its Experion PKS Distributed Control System (DCS) and safety system at USABE’s new Texas Renewable Fuels Bon Wier advanced biorefinery, which is designed to convert wood waste into sustainable aviation fuel (SAF). This collaboration underscores Honeywell’s alignment of its portfolio […]
In Texas, a consortium of companies, including Sumitomo Corporation, Fleet Management Limited, TOTE Services, and the American Bureau of Shipping, announced the approval in principle for the design of the United States’ first ammonia bunkering vessel. The announcement was made during the Gastech 2024 conference in Houston, Texas. The vessel, known as the Ammonia Bunkering […]
In Texas, Ara Partners announced a collaboration with HF Capital, the investment arm of Jimmy Haslam’s family office which has committed up to $725 million, to launch Ara Energy Decarbonization, aimed at reducing emissions in North America’s energy sector by enhancing operations at ethanol and natural gas plants. Ara Energy Decarbonization will be led by […]
In Texas, KBR has been awarded a contract by Samsung Heavy Industries to conduct a conceptual study on a floating blue ammonia production facility. SHI, one of South Korea’s largest shipbuilders, is diversifying into ocean energy, and the study will focus on integrating KBR’s ammonia technology with SHI’s floating vessel designs. The project leverages KBR’s […]
In Texas, Citroniq Chemicals, a company pursuing biobased polypropylene, has closed a $12-million Series A funding round. Strategic investors were “led by a large multi-national energy technology company providing large rotating equipment across oil & gas, energy and industrial customers in over 120 countries, along with a co-investment by Lummus Technology Ventures, and in partnership […]
In the United Arab Emirates, Exxon Mobil said that Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corporation’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. Contingent on supportive government policy and necessary regulatory permits, the facility is expected to be the world’s largest of its […]
In Texas, KBR says Avina Clean Hydrogen Inc. has selected the sustainable aviation fuel technology, PureSAF, for its project in the US. Developed by Swedish Biofuels, PureSAF technology is exclusively licensed by KBR worldwide. Under the terms of the contract, KBR will provide the technology licensing, proprietary engineering design, and front-end engineering design (FEED) for […]
In Texas, Argus Media reports California unveiled significantly stricter carbon reduction targets for transportation fuels including a cap at 20% per year on credits generated from soybean- and canola-oil-derived biodiesels starting in 2028. This move is intended to curb the overwhelming supply of credits, which surged due to the increased use of renewable diesel and […]
