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Taper Tantrum News this morning is the Stalinglad lockdown is set to be extended for another week. Gladys had correctly predicted case numbers would “bounce around”, and a four-day run of 35-16-35-18 is testament. This was not known yesterday when the ASX200 again attempted to rally from the open, despite no Wall Street, to be up 30 points in the first half hour before easing slightly ahead of the 11am update. It appears the market was unsure about an 18 result, tracking sideways for an hour until someone pointed out the Dow futures were tumbling. The index was down -25 by 2pm before rallying back to flat ahead of the 2.30pm RBA statement release. The release contained three surprises. ....
In Australia, Carnarvon Petroleum Limited has formed a joint venture with Frontier Impact Group who has been actively progressing a biorefinery business in Western Australia to produce renewable diesel and other highly valuable products. The joint venture plans to use internationally proven technology to process waste lignocellulosic biomass as feedstock and produce renewable diesel, high-quality biochar and wood vinegar. The local implementation of this technology will be an Australian first. Much of the high-quality biochar could be processed further into high-quality graphene. Graphene has many next-generation applications such as electronics, batteries and material composites. Each party will own 50 per cent equity in the joint venture, with Carnarvon set to invest AU$2.6 million in seed capital to enable the first project to reach financial close, which is expected by early 2022. ....
Carnarvon Petroleum Commits to Net Zero rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Carnarvon and Frontier Impact join forces to produce biodiesel and graphene from biomass Australia-based oil and gas company Carnarvon Petroleum has created a new joint-venture with Frontier Impact Group to produce renewable materials, including graphene. Carnavron committed $2.6 million AUD into the new JV. FIG is developing a bio-refinery which will produce materials from biomass and other biogenic feedstocks. The main material produced by the new bio-refinery is biodiesel which is a direct substitute for the petroleum-derived diesel. The high-grade biochar used in the process will be further refined into graphene. Tags: ....
Australia: Carnarvon Petroleum commences renewable fuels business venture energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.