Production & Industry news

• Republicans Slam Final Rule Setting Higher Vehicle Fuel Efficiency Standards

  17-06-2024 08:55 via industrialinfo.com
  
  June 17, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Biden administration issued a final rule increasing vehicle mileage standards it calculated would save drivers billions of dollars in fuel costs and keep an estimated hundreds of millions of tons of carbon dioxide (CO2) out of the air. Naturally, in hyper-partisan Washington, D.C., any move by a Democratic president is decried by Republicans, who have vowed to block it using the Congressional Review Act. L
  
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• SLB: CCS Is Necessary for Net Zero

  17-06-2024 08:50 via industrialinfo.com
  
  June 17, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--There is no way to achieve a net-zero global economy without modernized infrastructure for carbon sequestration, the president of SLB's (NYSE:SLB) (Houston, Texas) clean energy arm said.SLB, formerly Schlumberger, announced plans in March spend about $380 million to acquire an 80% stake in Norway's Aker Carbon Capture (Lysaker). Olivier Le Peuch, SLB's chief executive officer, said at the time that carbon
  
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• Mississippi Sees $5.3 Billion in Projects Under Construction

  17-06-2024 08:45 via industrialinfo.com
  
  June 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is finding wide variety in the $5.3 billion worth of projects we are tracking that are under construction in Mississippi. A $1.9 billion project gives the Metals & Minerals Industry the No. 1 position in regard to total project spending, followed by the Power Industry and the Pulp, Paper & Wood Industry, respectively.Companies featured: Steel Dynamics Incorporated (NASDAQ:STLD)
  
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• UAE Plans MENA's First LNG Facility

  17-06-2024 08:40 via industrialinfo.com
  
  June 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--An investment of more than US$5 billion will support the development of the first liquefied natural gas (LNG) export facility for the Middle East and North Africa (MENA), a facility that will be powered largely by clean energy.Technip Energies (Paris, France) leads a joint venture selected by the Abu Dhabi National Oil Company (ADNOC) (Abu Dhabi, United Arab Emirates) to lead the engineering, procurement and construction
  
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• Ørsted Marks Opening of Texas Wind/Solar Center

  17-06-2024 08:40 via industrialinfo.com
  
  June 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Ørsted (Fredericia, Denmark) last week celebrated the commencement of its first co-located wind and solar facility, which is located in Bee County, Texas. The Helena Energy Center will generate 268 megawatts (MW) of wind power and 250 MW of solar power.
  
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• Mountain Valley Pipeline, Phillips 66: Your Daily Energy News

  17-06-2024 08:35 via industrialinfo.com
  
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.Companies featured:Equitrans Midstream (NYSE:ETRN), Phillips 66 (NYSE:PSX)
  
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• Europe Proposes Import Tax on Chinese EVs

  17-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 17, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The European Union (EU) has announced that battery electric vehicle (BEV) imports from China will have a levy of up to 38.1% applied from July in an effort to protect its motor industry.
  Within this article: Details proposed levy on Chinese EVs, reasons, potential impact, industry reaction
  
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