Japanese companies to study making ammonia in Alaska for greener energy

Oct 4 (Reuters) – Alaska Gasline Development Corporation (AGDC) said on Tuesday it will study the feasibility of producing ammonia in the state’s Cook Inlet region with Japan’s Mitsubishi Corp (8058.T) and TOYO Engineering Corp (6330.T) and Hilcorp Alaska. The four companies agreed to “evaluate the commercial feasibility of utilizing North Slope natural gas delivered … Read more

As China’s Economy Stutters, the Elderly Are Emerging as Big Spenders

Zheng Peijun hasn’t let China’s “zero-COVID” restrictions stop her having a good time. Before the pandemic, the 60-year-old used to go on vacations all over the world: to the United States, Southeast Asia, and a dozen different European countries. This year, she’s had to stay within China, but she’s traveling even more than before. This … Read more

US says oil companies ‘must do more’ to build domestic fuel levels

HOUSTON, Sept 30 (Reuters) – US fuel supplies are “unacceptably” at or near 5-year lows amid hurricane threats and the oil industry must do more to address prices and demand, a Department of Energy spokesperson said on Friday. The spokesperson was commenting on a report that the chief executive of Exxon Mobil Corp (XOM.N), the … Read more

Factbox: US companies brace for Hurricane Ian

Sept 28 (Reuters) – Hurricane Ian is set to make landfall in Florida on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Ian has strengthened into an extremely dangerous Category 4 storm, with maximum sustained winds of 155 miles per hour (250 km per hour), the Miami-based National … Read more

Taiwan says chip companies in talks about European investment

TAIPEI, Sept 28 (Reuters) – Some Taiwanese chip companies are in talks with European countries about investments there, a government minister said on Wednesday, adding the administration was “pleased” to see efforts by local companies to work with democratic allies. The European Union has been courting Taiwan, a major semiconductor producer, as one of the … Read more

UK Labor Party pledges to set up public energy company if elected

LIVERPOOL, England, Sept 27 (Reuters) – Britain’s opposition Labor Party would set up a publicly-owned energy company within a year of coming to power if it wins the next election, leader Keir Starmer said on Tuesday, saying it would lower bills and help deliver energy independence. Starmer said that a publicly-owned company would help ensure … Read more

Sustainable fuel startup Air Company to sell to JetBlue, Virgin Atlantic

Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 22 (Reuters) – Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to carriers JetBlue Airways Corp (JBLU.O) and Britain’s Virgin Atlantic, the companies said on Thursday. Financial terms were not disclosed. Under the memorandum … Read more

German minister calls for more funds for companies as debt debate intensifies

German Economy and Climate Minister Robert Habeck addresses a news conference in Duesseldorf, Germany, February 22, 2022. Roberto Pfeil/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register BERLIN, Sept 22 (Reuters) – The German economy minister on Thursday called for more government funds to support companies as a debate intensifies on … Read more

UK’s first CO2 storage round attracts bids from 19 companies

A smoke billowing from a chimney is pictured, as the UN Climate Change Conference (COP26) takes place, in Glasgow, Scotland, Britain, November 6, 2021. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 22 (Reuters) – A total of 19 companies applied to develop carbon dioxide (CO2) storages off Britain in … Read more