The Mountain Valley natural gas pipeline was approved late Monday to cover 3.5 miles of Jefferson National Forest, which is located between West Virginia and Virginia. The pipeline is expected to carry gas approximately 303 miles from Marcellus shale fields in West Virginia to Virginia. The pipeline has been controversial and long delayed. The U.S. Forest Service reissued its approval for a permit, despite past federal appeals court rulings determining developers had “inadequately considered” the project’s environmental impact. The project, … Continue reading “Mountain Valley Gas Pipeline Permit Approved to Build in Appalachian National Forest”
Houston SPAC CO2 Energy Transition filed IPO Targeting Carbon Capture
With energy transition in mind, Houston, Texas based SPAC “CO2 Energy Transition Corp” targeting the carbon capture, utilization, and storage industry filed to go public. The company plans to raise up to $80 million in an initial public offering by offering 8 million units at $10 the SEC filed showed. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. At the proposed deal size, CO2 Energy Transition Corp. would command a market value of … Continue reading “Houston SPAC CO2 Energy Transition filed IPO Targeting Carbon Capture”
EU Legal Renewable Hydrogen Definition Finalized
After much delay the European Commission has finalized a legal definition of renewable hydrogen. The legal definition was due by the end of 2021, the EC however only published a draft for consultation in May last year. The final definition is more lenient than the initial drafts and removes additionality requirements for electrolyzers connected to grids that are largely decarbonized through nuclear power. Operators would still require power purchase agreements (PPAs) for renewable electricity in these grids. Hydrogen accounts for less … Continue reading “EU Legal Renewable Hydrogen Definition Finalized”
Molecular Farming Potential to Be Disruptive in the Alternative Protein Landscape
Molecular farming, also known as plant-made pharmaceuticals (PMPs) or pharming, is a technology that involves using plants to produce pharmaceuticals, industrial products, and other substances. This approach has the potential to be a more sustainable and cost-effective alternative to traditional methods of producing these products, which often rely on chemical synthesis or animal-based production. In molecular farming, plants are genetically modified to produce a desired protein or other substance. These plants can then be harvested, and the desired product can … Continue reading “Molecular Farming Potential to Be Disruptive in the Alternative Protein Landscape”
Molecular Volatility in Newly Public Agritech Moolec Science Fuels 250% Price Swings
Agritech Molecular farming company Moolec Science completed a merger with a special purpose acquisition company (SPAC) on December 30, 2022. The Luxembourg company began trading Tuesday January 3, 2003 on the NASDAQ under the symbol MLEC. Moolec Science Ltd. and LightJump Acquisition Corporation closed their business combination agreement which saw Moolec UK and LightJump become wholly owned subsidiaries of Moolec Science SA. Moolec uses genetically modified plants to produce proteins that are found in animals. The deal values Moolec at $504 … Continue reading “Molecular Volatility in Newly Public Agritech Moolec Science Fuels 250% Price Swings”
Piedmont Lithium Surges on Amended Tesla Deal for Spodumene
Piedmont Lithium amended its agreement with electric vehicle maker Tesla to deliver approximately 125,000 metric tons of spodumene concentrate (SC6) to Tesla. The deal begins in the second half of 2023 through the end of 2025 with an option to renew for an additional three years. Piedmont Lithium shares $PLL are trading higher+7.9%, with an option to renew for an additional three years. Tesla Inc. is set to pay more for the lithium after PLL amended their deal amid the … Continue reading “Piedmont Lithium Surges on Amended Tesla Deal for Spodumene”
Shell to Buy Danish Biomethane Producer in $2 Billion Deal
Shell PLC is expanding its renewable energy portfolio buying Denmark’s Nature Energy Biogas A/S it said Monday. Nature Energy is Europe’s biggest producer of biomethane from organic waste. The renewable fuel can replace conventional natural gas in heavy road and marine transport, industry and heating. Shell’s acquisition follows BP agreeing to buy U.S. biogas producer Archaea Energy Inc. for $3.3 billion plus debt, for a total of $4.1 billion six weeks ago. Chevron Corp. earlier this year paid $3.15 billion … Continue reading “Shell to Buy Danish Biomethane Producer in $2 Billion Deal”
Aerospace and Defense Companies Involved in NASA Artemis 1 Launch into Space
NASA has set a two-hour launch window on November 16 for its Artemis 1 launch from NASA’s Kennedy Space Center in Florida. Weather conditions were 90 percent favorable late Monday. The unmanned launch will be the first of NASA’s Artemis missions that seek to bring astronauts back to the moon for the first time since 1972. The goal is to establish a presence there before sending people to Mars. Major companies from the defense and space sectors are deeply involved … Continue reading “Aerospace and Defense Companies Involved in NASA Artemis 1 Launch into Space”
Northern Xplorer to Build World’s First Zero Emission Hydrogen Powered Cruise Ship
Norwegian cruise venture Northern Xplorer (NX) and Portuguese shipbuilder West Sea have signed a Letter of Intent (LoI) for the construction of the world’s first zero-emission cruise ship. The vessel’s design features ABB’s fully electric propulsion system, including battery and hydrogen fuel cell technology that will enable to it to sail emissions-free in the Norwegian fjords and further afield. West Sea sims to build the 250-passenger vessel at its facility in Viana do Costello north of Porto for expected delivery … Continue reading “Northern Xplorer to Build World’s First Zero Emission Hydrogen Powered Cruise Ship”
European Coal Prices Hit Record High
With the deepening of the energy crisis in the wake of the news from Gazprom that the Nord Stream 1 pipeline will remain closed until the West lifted sanctions by order of Vladimar Putin energy prices continue to spike higher. Europe’s benchmark coal price rose 7.6% to a record $345/ton, about three times the price of a year ago. Year-ahead futures for delivery to the Amsterdam, Rotterdam, and Antwerp region rose after Europe revived dormant coal power plants to save … Continue reading “European Coal Prices Hit Record High”