Global shipping giant Maersk Line reported that its full-year 2014 profits jumped US$831 million year-on-year, to US$2.2 billion.
India’s Ministry of Petroleum and Natural Gas revealed that state-owned Indian Oil Corp. Ltd. (IOC), Bharat Petroleum Corp. Ltd. (BPCL) and Hindustan Petroleum Corp. Ltd. (HPCL) all have a series of refinery upgrade projects now underway.
The U.K.-based Green Investment Bank will invest £30 million (US$46 million) toward construction of a £60 million (US$92 million), 10-megawatt, gasification-based waste-to-energy (WTE) project at Hoddesdon, Hertfordshire.
Worldwide revenue from plug-in electric vehicle charging equipment and charging services is projected to grow from $152.6 million annually in 2015 to $2.9 billion by 2023, a Navigant Research report shows.
Toyota Motor Corp., Nissan Motor Co. Ltd. and Honda Motor Co. agreed to work together to help accelerate the development of hydrogen station infrastructure for fuel-cell vehicles in Japan.
Norcross, Ga.-based Vega Biofuels has entered into a 10-year exclusive manufacturing tolling agreement with Colorado-based Vencor International Inc. to produce its torrefied “bio-coal.”
Norwegian state-owned renewable-energy power generator Statkraft recently announced that it teamed with Sweden-based forestry and pulp/paper producer Södra to launch a cellulosic-biofuel venture.