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Biofuel Groups Ask Congress to Extend Expiring Tax Credit

Soybean farmers in seven states are asking Congress to extend current biodiesel and renewable diesel tax credits due to a lack of clarity on a set of new rules ready to take effect in January.

November 21, 2024

Hexagon Doubles Natural Gas System Output With Plant Move

Hexagon Agility opened an assembly and installation plant in Rialto, Calif., on Nov. 21, a move designed to double the natural gas fuel system supplier’s production capacity, it said.

November 21, 2024

Europe, US Push for Oil Funding Curbs Deal to Outlast Trump

The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects before Donald Trump moves into the White House.

November 20, 2024

Exxon Signs Deal to Supply Lithium to Battery Maker LG Chem

Exxon has signed a preliminary agreement to provide battery metal lithium to an LG Chem plant in the U.S., strengthening the oil major’s role in the domestic critical minerals supply chain.

November 20, 2024

EV Demand Could Drop 27% Without Tax Credit

Still, because EVs account for a small percentage of new car sales, removing the credit would have little impact on gasoline demand.

November 19, 2024

Kansas Hydrogen Hunt Seen Fueling New Energy Revolution

A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for hydrogen.

November 19, 2024

Trump Targets Auto Mileage Rules He Blasted as ā€˜EV Mandate'

The incoming Trump administration is looking to slash fuel-efficiency requirements for new cars and light trucks as part of plans to unwind Biden policies he has blasted as an ā€œEV mandate."

November 19, 2024

Florida Man Facing Federal Prison Time for Biofuel Fraud

A Florida man is facing up to five years in federal prison after pleading guilty to wire fraud and filing false claims after overstating biodiesel credits that were reported to the IRS and EPA.

November 19, 2024

Voltera Raises $50 Million to Boost Expansion Plans

Voltera also raised $100 million in debt financing in August. The funds will also be used for building out the company’s planned network of charging sites.

November 19, 2024

Oil Glut Set to Thwart Trump’s Call to ā€˜Frack, Frack, Frack’

President-elect Donald Trump’s vows to ā€œfrack, frack, frackā€ are about to collide with a global crude glut that’s set to, finally, temper record shale production.

November 19, 2024