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13 May, 2021 Author Dyna Mariel Bade
U.S. oil and gas companies covered by S&P Global Market Intelligence raised $1.80 billion in April, a steep drop from the $11.59 billion collected in the previous month. Capital raised from debt offerings contributed $1.45 billion to the total, while common stock deals and private placements pulled in a combined $349.4 million of capital.
As of April, oil and gas exploration and production companies have raised $17.80 billion, more than doubling from the $8.99 billion recorded by the same prior-year month. Year-to-date, oil and gas storage and transportation companies have pulled in $11.47 billion, down from the $21.02 billion in the same year-ago period. Oil and gas refining and marketing companies have raked in $5.79 billion, while integrated oil and gas companies brought in $750 million.
AI-enabled design-and-test platform speeds bioproduct development
The ATEX-certified Inert Explosion-proof (INEX) pneumatic vacuum-conveying system (photo) features…
AI-enabled design-and-test platform speeds bioproduct development
By Mary Page Bailey |
May 1, 2021
TeselaGen Biotechnology (San Francisco, Calif.; www.teselagen.com) has developed a platform technology that integrates software and services, while taking advantage of artificial intelligence (AI) by applying machine-learning algorithms to reduce the costs and time required for the development of biologically derived products.
“Among the main challenges in biotechnology is that developing bioproducts can take years and cost millions of dollars,” says Eduardo Abeliuk, CEO of TeselaGen. “We think of ourselves as an operating system for biotech that allows the end-to-end integration of different AI-enabled software modules with other product development services.” As an analogy, Abeliuk likens the way his com
Royal Dutch Shell Plc has invested in sustainable-fuels technology company LanzaJet, adding to a string of deals positioning the oil giant for the energy transition.
The Anglo-Dutch major didn’t disclose financial terms, but its expansion into clean energy has so far comprised small acquisitions, as well as organic growth. That contrasts with European peers Total SE and BP Plc, which have acquired billions of dollars’ worth of renewable assets.
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LanzaJet is building an “alcohol-to-jet” facility in the U.S. state of Georgia, with capacity to produce 10 million gallons of sustainable aviation fuel, or SAF, a year from 2022. Its technology can use ethanol made from “recycled pollution” for jet fuel production, according to a statement. As much as 90% of its fuels can be produced as SAF, with the remaining 10% as renewable diesel.
Shell Invests in Sustainable Aviation-Fuel Maker LanzaJet – Advanced BioFuels USA advancedbiofuelsusa.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advancedbiofuelsusa.info Daily Mail and Mail on Sunday newspapers.