Inflation

Technip Energies and LanzaTech Selected by the US Department of Energy to Receive $200M Investment for Breakthrough, Replicable Decarbonized Ethylene Commercial Facility

Retrieved on: 
Monday, March 25, 2024
Carbon, Aviation biofuel, IRA, IDP, Steel, Public, History, Glass, Investment, CO2, Technip Energies, Paper, Inflation, DOE, Engineering, Renewable energy

This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene.

Key Points: 
  • This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene.
  • Arnaud Pieton, CEO at Technip Energies, stated: “We are extremely proud to have been selected by the DOE for this significant award consideration.
  • Thanks to President Biden’s industrial strategy, DOE is making the largest investment in industrial decarbonization in the history of the United States.
  • Globally, there are an estimated 370 ethylene steam crackers, over 40% of which use Technip Energies’ technology, including 8 in the US.

Constellium Ravenswood selected by US Department of Energy to receive $75 million investment to deploy low to zero carbon technology

Retrieved on: 
Monday, March 25, 2024
University, IDP, Federation, CSTM, Transport, Life, Carbon, Investment, Primary energy, Inflation, DOE, Constellium, Renewable energy

This investment will help fund the implementation of breakthrough low-to-no emissions technologies in Constellium’s Ravenswood facility, supporting the decarbonization of the casthouses, the plant’s most energy intensive operation.

Key Points: 
  • This investment will help fund the implementation of breakthrough low-to-no emissions technologies in Constellium’s Ravenswood facility, supporting the decarbonization of the casthouses, the plant’s most energy intensive operation.
  • This investment will support the installation of low-emissions SmartMelt furnaces that can operate using a range of fuels, including clean hydrogen, paving the way towards a zero carbon casthouse.
  • Built in 1957, with over 1,200 employees, Constellium’s plant in Ravenswood, West Virginia is one of the world’s largest aluminium rolled products facilities.
  • “We are honored and proud to have been selected for this investment and express our gratitude to the Department of Energy for their support of Constellium and the aluminium industry”, said Jean-Marc Germain, CEO of Constellium.

Century Aluminum Selected by U.S. Department of Energy to Receive $500 Million Investment to Build New Green Aluminum Smelter to Accelerate Industrial Decarbonization

Retrieved on: 
Monday, March 25, 2024
Organization, IDP, Project, Aluminium, United Steelworkers, Security (finance), Risk, Century Aluminum, Annual report, Inflation, Century, DOE, Renewable energy

With the help of this funding, Century plans to build the first new U.S. primary aluminum smelter in 45 years.

Key Points: 
  • With the help of this funding, Century plans to build the first new U.S. primary aluminum smelter in 45 years.
  • Upon completion, the smelter would double the size of the current U.S. primary aluminum industry.
  • This historic investment represents a major capital injection for the U.S. primary aluminum industry.
  • “We are extremely proud that the DOE has selected Century’s Green Aluminum Smelter Project to receive such significant support, and we are excited to continue moving this transformational project forward,” remarked Century CEO, Jesse Gary.

Technip Energies and LanzaTech Selected by the US Department of Energy to Receive $200M Investment for Breakthrough, Replicable Decarbonized Ethylene Commercial Facility

Retrieved on: 
Monday, March 25, 2024
Carbon, Aviation biofuel, IRA, IDP, Public, CO2, Technip Energies, Inflation, DOE, Engineering, Renewable energy

This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene.

Key Points: 
  • This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene.
  • Arnaud Pieton, CEO of Technip Energies, stated: “We are extremely proud to have been selected by the DOE for this significant award consideration.
  • Globally, there are an estimated 370 ethylene steam crackers, over 40% of which use Technip Energies’ technology, including 8 in the US.
  • Technip Energies and LanzaTech plan to approach community groups, unions, and labor groups to negotiate, review, and update agreements for quality jobs and community collaboration at the host site.

EDTA Board of Directors Announces New Leadership and Welcomes Walmart as a Member

Retrieved on: 
Wednesday, March 13, 2024
EV, World Electric Vehicle Association, Government, Chair, Pepco Holdings, Strategic planning, CenterPoint Energy, Transport, Ford Motor Company, Walmart, Senior, EDTA, Inflation, Human, Management

Washington, DC, March 13, 2024 (GLOBE NEWSWIRE) -- The Electric Drive Transportation Association (EDTA) elected a new Chair and Treasurer at its quarterly Board of Directors meeting in Washington, DC.

Key Points: 
  • Washington, DC, March 13, 2024 (GLOBE NEWSWIRE) -- The Electric Drive Transportation Association (EDTA) elected a new Chair and Treasurer at its quarterly Board of Directors meeting in Washington, DC.
  • Andre Welch, Director of Government Relations at Ford Motor Company, was elected Chair.
  • Christopher Hess, Vice President of Global Public Affairs at Eaton, was elected Treasurer.
  • The EDTA Board acknowledged their outstanding leadership and service to the association and its mission of advancing electric drive technologies and their benefits, including recent efforts to guide the implementation of the Inflation Reduction Act and the Bipartisan Infrastructure Law.

TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources

Retrieved on: 
Wednesday, March 13, 2024
Odyssey, House, Congress, Manganese, The Metals Company, Recycling, TMC, ESG, Metal, Economic development, Mineral, Seabed, Nickel, Bangladesh Technical Education Board, Breakthrough Institute, Legislation, Collection, Inflation, Pentagon, Representative, Cobalt, Rare-earth element

The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.

Key Points: 
  • The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.
  • Additionally, we eagerly await the forthcoming Pentagon report on nodules as directed by the House Armed Services Committee.
  • The Pentagon’s ability and willingness to support a feasibility study for a domestic refinery could help establish mineral independence for the U.S. in nickel, cobalt and manganese.
  • The newly introduced Responsible Use of Seafloor Resources Act aims to ready the United States for the commercial availability of seafloor nodules, an abundant source of critical minerals.

Electric Hydrogen receives $18.3M transferable DOE tax credit for its gigafactory in Massachusetts, bringing total Department of Energy support to $65M

Retrieved on: 
Thursday, April 4, 2024
Other Manufacturing, Steel, Other Energy, Engineering, Utilities, Alternative Energy, Manufacturing, Other Natural Resources, Energy, Natural Resources, Hydrogen, Electricity, PEM, Carbon, Water, Delegation, Treasury, Internal Revenue Service, Inflation, DOE, Economics, Electrolysis, Average revenue per user, Renewable energy

“We are honored and thrilled that the DOE has recognized the value of our scaled manufacturing approach,” noted Jigish Trivedi, Electric Hydrogen’s SVP of Manufacturing.

Key Points: 
  • “We are honored and thrilled that the DOE has recognized the value of our scaled manufacturing approach,” noted Jigish Trivedi, Electric Hydrogen’s SVP of Manufacturing.
  • Electric Hydrogen is headquartered in Natick, Massachusetts and its gigafactory expands its investment and presence in the Massachusetts community.
  • “We congratulate Electric Hydrogen and thank the Biden-Harris administration and our Congressional Delegation for making this exciting award possible.
  • Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers for critical industries to produce the lowest cost green hydrogen.

Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance

Retrieved on: 
Wednesday, April 3, 2024
Other Energy, Utilities, Environment, Finance, Alternative Energy, Energy, Professional Services, Nuclear, Constellation, Electricity, Microsoft, Longevity, S&P Global Ratings, Climate, Transport, Wind, S&P, Exelon, Organic, Inflation, Commonwealth Edison, Renewable energy

Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.

Key Points: 
  • Moody’s raised Constellation’s rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company’s ability to maintain its credit metrics and financial performance going forward.
  • The largest producer of carbon-free energy in the U.S., Constellation has exceeded financial expectations since launching as an independent company two years ago.
  • As a result, major technology companies and other industries are looking to Constellation to help power their operations with clean energy.
  • The company’s financial performance also has enabled it to increase its support for the communities it serves.

Global Orphan Drug Growth Opportunities Analysis - Reduced Exclusivity and Increased Competition will Drive Demand for More Efficient R&D and Digital Solutions - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024
Health, Pharmaceutical, ODD, IRA, Data wrangling, Informatics, Growth, Patient, Public, Neoplasm, Research, Health care, Cancer, ODS, Medicine, Investment, RDS, US FDA, Nanomedicine, RD, Inflation, OD, SME, Multiomics, Pharmaceutical industry

The "Global Orphan Drug Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Orphan Drug Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • This study provides critical insights into the global orphan drug (OD) industry and highlights growth opportunities, revenue, regulatory changes, and technology trends influencing growth.
  • The growing number of unaddressed RD needs is a major catalyst for R&D.
  • There is a need for novel medicine to treat RDs that currently have limited therapeutic choices.

Avangrid Receives Federal Record of Decision for New England Wind

Retrieved on: 
Tuesday, April 2, 2024
Utilities, Environmental Policy, Sustainability, Alternative Energy, Energy, Other Construction & Property, White House, Federal Government, Construction & Property, Environment, Green Technology, Urban Planning, Climate Change, Public Policy, Government, Interior, FCEN, Climate, Wind, Carbon, Investment, DEIS, Inflation, Equivalence relation, Chairperson, ROD, Bureau, The Nature Conservancy, FTE, OCS, Commonwealth, BOEM, Record, Electricity, Foreign policy, Climate change, Vineyard Wind, COP, Communication, Sierra Club, Port, PLA, Construction, Town, FEIS, Cape Cod, AGR, Renewable energy

New England Wind, consisting of the New England Wind 1 and New England Wind 2 projects, has the potential to create thousands of jobs and provide enough clean, reliable energy to power nearly 1 million homes and businesses in the region.

Key Points: 
  • New England Wind, consisting of the New England Wind 1 and New England Wind 2 projects, has the potential to create thousands of jobs and provide enough clean, reliable energy to power nearly 1 million homes and businesses in the region.
  • With this federal approval, New England Wind stands apart as the most advanced and shovel-ready offshore wind opportunity in the Northeast region.
  • “We applaud the Bureau of Ocean Energy Management for issuing the Record of Decision for New England Wind.
  • BOEM’s Record of Decision for Avangrid’s New England Wind lease area represents a key and substantial step in the direction of moving forward on offshore wind.