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Chevron Reveals Plans to Build $5B Blue Hydrogen Plant in Port Arthur
ZACKS· 2025-07-11 15:41
Group 1 - Chevron Corporation plans to construct a $5 billion blue hydrogen and ammonia plant in Port Arthur, Texas [1][9] - The project, named Project Labrador, is expected to start construction in 2027 and begin commercial operations in 2032 [2][9] - Chevron is seeking funding through the HyVelocity Hub initiative to reduce the total investment in this low-carbon energy project [2][4] Group 2 - The project may qualify for tax exemptions, targeting the 10-year 45V clean hydrogen production tax credit, which could provide up to $3 per kilogram of clean hydrogen produced [3][4] - Chevron has made necessary filings for tax abatements to support the construction of the plant [1][4] - The successful development of Project Labrador could meet the deadline for accessing the 45V hydrogen tax credits, which expire on January 1, 2028 [3][9]
Chevron's Low-Carbon Buildout Deserves a Closer Look Now
ZACKS· 2025-07-11 12:36
Key Takeaways CVX is building renewable fuel capacity with partners like Bunge, CalBio, and Brightmark. New projects include the Geismar biorefinery and CO2 storage at Bayou Bend in Louisiana. CVX's low-carbon push includes hydrogen, RNG, and expanded raw material use for sustainable fuels.Chevron Corporation’s (CVX) energy mix is quietly changing. Beyond its traditional oil and gas business, the company is actively developing renewable fuels and solutions to manage carbon emissions. This shows that they ...
Houston American Energy Secures $5 Million in Strategic Financing to Acquire Texas Gulf Coast Development Site
Globenewswire· 2025-07-11 12:30
Proceeds to Fund Portion of Acquisition of 25-Acre Location at Cedar Port Industrial Park, Future Site of Plastics-to-Low-Carbon Fuels Hub HOUSTON, TX, July 11, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced it has secured a Convertible Note from an institutional investor for $5 million. The Company intends to use the proceeds to fund a portion of the acquisition and development of a 25-acre site at the Cedar Port Industrial Park locate ...
LyondellBasell and Polynt Partner on Low-Carbon Marine Resins
ZACKS· 2025-07-10 13:56
Core Insights - LyondellBasell Industries N.V. (LYB) has expanded its partnership with Polynt to develop a high-quality resin for the marine sector using LYB's Styrene +LC solution [1][8] - The Styrene +LC solutions are produced using a mass balance method under the ISCC PLUS system, derived from bio-circular feedstocks, which help reduce scope 3 greenhouse gas emissions while maintaining performance standards [2][8] - Polynt is utilizing LYB's Styrene +LC to create advanced resins for boat and yacht construction, enhancing durability and sustainability in the marine industry [3][8] Industry Context - The company is enhancing its technological capabilities while maintaining environmental responsibility through collaboration with LYB and industry leaders, positioning itself to adapt to changing regulations and increasing demand for sustainable products [4] - Despite a 30.2% decline in LYB's stock over the past year, the industry has seen a 17.1% decline, indicating a challenging market environment [6] - For the second quarter, LYB anticipates improved seasonal demand across its business segments, with easing natural gas and ethane feedstock prices benefiting operations in the U.S., Europe, and Asia [7]
Bion Announces Third Organic Fertilizer Offtake Commitment
Globenewswire· 2025-07-08 12:55
Core Insights - Bion Environmental Technologies, Inc. announced a new offtake Letter of Interest (LOI) for 100,000 gallons of its advanced organic and low-carbon nitrogen fertilizer [1] - The fertilizer is an OMRI Listed 10-0-0 Liquid AB, which is an organic nitrogen fertilizer derived from ammonia produced during biogas generation [2] - The LOI is with a large U.S. agribusiness, with pricing set at $7.00 per pound of nitrogen, totaling approximately 84,000 pounds of nitrogen in the 100,000 gallons [3] Offtake Agreements - This LOI marks the third agreement facilitated by Philo Consulting, contributing to a total of 250,000 gallons of offtake commitments, with an initial goal of 300,000 - 500,000 gallons for delivery in 2026 [4] - Bion is actively seeking additional offtake commitments from distributors and growers, and has begun producing and shipping a second round of AB samples [4] Production and Supply Strategy - The offtakes are non-binding until specific supply projects are identified and developed, with Bion evaluating several dozen potential supply partners and projects [5] - The company is focused on producing initial supply in 2026 and is exploring various opportunities across agriculture and industrial sectors [5] Market Potential - The CEO of Bion highlighted the growing interest in advanced organic nitrogen fertilizers, noting that organic production is the fastest-growing segment of U.S. agriculture [6] - The company’s patented Ammonia Recovery System (ARS) aligns with global trends towards circular economy models and aims to reduce environmental impacts while improving agricultural efficiency [6]
GE Vernova Wins Puerto Rico Turbine Deal: What Lies Ahead for the Stock?
ZACKS· 2025-07-02 13:31
Key Takeaways GE Vernova to deliver six gas turbines (244 MW) to support Puerto Rico's energy infrastructure recovery. GEV shares surged 53.8% YTD, beating the alternative energy industry and sector. GEV's strong sales outlook supports long-term growth amid rising demand, but valuation remains premium.GE Vernova Inc. (GEV) recently secured an order from Puerto Rico’s RG Engineering to deliver six of its LM2500XPRESS aeroderivative gas turbine packages. Notably, GEV’s LM2500XPRESS turbines can be installed ...
APA vs. OXY: Which Upstream Energy Stock is the Stronger Bet?
ZACKS· 2025-06-30 14:50
Key Takeaways APA outperforms OXY with a 23.22% ROE, 5.39% dividend yield, and a lower EV/EBITDA valuation of 2.68X. Earnings estimates for APA rose 3.08% for 2025 and 2.53% for 2026, in the past 30 days. APA shares gained 9.1% over the last month, outpacing OXY's 4.5% rise and the SThe companies operating in the Zacks Oil and Gas Exploration and Production - United States industry present a strong long-term investment case, driven by rich shale reserves, cutting-edge extraction technologies and sustained ...
Valero Energy (VLO) Earnings Call Presentation
2025-06-26 09:17
Advancing the Future of Energy • With Capital Discipline, Innovation and Unmatched Execution Leading Producer of Liquid Transportation Fuels C A P I TA L D I S C I P L I N E I N N O VAT I O N U N M ATC H E D E X E C U T I O N I N V E S T O R P R E S E N T A T I O N | M A R C H 2 0 2 5 Cautionary Statement This presentation contains forward-looking statements made by Valero Energy Corporation ("VLO" or "Valero") within the meaning of federal securities laws. These statements discuss future expectations, cont ...
Bion Issues Update and Outlook; Announces Shareholder Call
Globenewswire· 2025-06-24 14:20
Billings, Montana, June 24, 2025 (GLOBE NEWSWIRE) -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced treatment and resource recovery technology for livestock and organic waste, issued an Update and Outlook and announced a Shareholder Call for July 1, 2025. The full update can be found on Bion's website at Bion Update and Outlook. Shareholder Call: 7:00PM ET, July 1, 2025 Zoom Link (will also be on Bion's website on the day of the call, along with dial-in instructions) https://us06 ...
What Makes Chevron's Gulf of America Oil Bet So Compelling
ZACKS· 2025-06-23 14:10
Core Insights - Chevron Corporation is focusing on the Gulf of America (GOA) for its production growth, targeting 300,000 net barrels of oil equivalent per day (BOE/d) by 2026, a 50% increase from 2020 levels [1][10] - The company is utilizing new technologies and operational experience to enhance efficiency and reduce emissions in deepwater resource extraction [2][3] Production Developments - The Ballymore asset is expected to produce approximately 75,000 barrels per day once fully operational, while the Whale project aims for 100,000 BOE/d at peak production [1] - The Anchor platform, operational since August 2024, is designed for extreme conditions and has an estimated resource base of 440 million barrels of oil-equivalent [2] Strategic Approach - Chevron is implementing updated project models to lower costs and extend the operational life of its fields, exemplified by the Tahiti platform, which has produced over 500 million barrels since 2009 and could continue into the 2040s [3] - The focus is on smarter drilling practices, emphasizing efficiency and low-carbon intensity output [3] Competitive Landscape - Shell plc is the largest operator in the GOA, known for its advanced technology and sustainability efforts, achieving a 40% reduction in methane emissions since 2016 [4] - BP plc is also a significant player in the GOA, with plans to invest $7 billion through 2025 to exceed 400,000 BOE/d by the end of the decade [5]