By Reuters Staff
1 Min Read
SAO PAULO, Feb 11 (Reuters) - Brazil’s Orizan Valorizacao de Residuos SA, which turns waste into biofuel, has concluded a 554 million reais ($103.23 million) initial public offering, according to a securities filing on Thursday.
Orizan priced its offering at 22 reais per share, compared with an indicative range of 20 reais to 27 reais per share.
The company raised 381.4 million reais, while shareholders sold 172.6 million reais in stock. ($1 = 5.3665 reais) (Reporting by Aluisio Alves; Editing by Sam Holmes)
3 Min Read
BEIJING (Reuters) - China will force regional grid firms to buy at least 40% of power from non-fossil fuel sources by 2030 in order to meet the country’s climate targets, according to a new government document seen by Reuters.
FILE PHOTO: Power lines and wind turbines are pictured at a wind and solar energy storage and transmission power station of State Grid Corporation of China, in Zhangjiakou of Hebei province, China, March 18, 2016. REUTERS/Jason Lee
Grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2% in 2020 to 40% by 2030, according to a draft policy from the National Energy Administration (NEA), verified by a person with direct knowledge of the matter.
The U.S. Environmental Protection Agency was expected to release an update late on Tuesday on pending waivers for oil refiners that would exempt them from U.S. biofuel blending obligations, EPA said in a notice.
4 Min Read
FRANKFURT/DUESSELDORF (Reuters) - Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies said, marking a breakthrough for the mass production of renewable hydrogen.
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West/File Photo
The companies are investing 120 million euros ($146 million) in the system, which has not been previously reported on. It is the renewable industry’s most concrete plan yet to capitalise on an expected boom in hydrogen demand.