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Government, Business, Fuel

Diesel Supply Below Average in Northeast

diesel tanker Daniel Acker/Bloomberg News

PORTLAND, Maine — Diesel and heating oil supplies in the Northeast are more than 50% below the recent average, raising concerns that an extreme weather event could cause supply disruptions, federal officials said.

David Sharp | Associated Press
August 29, 2022
Business, Technology, Fuel

LG-Honda Joint Venture to Make EV Batteries

Youngsoo Kwon, and Toshihiro Mibe, Youngsoo Kwon, CEO of LG Energy Solution, and Toshihiro Mibe, CEO of Honda Motor Co. (Honda Motor Co.)

TOKYO — Major South Korean battery maker LG and Japanese automaker Honda are investing $4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said Aug. 29.

Yuri Kageyama | Associated Press
August 29, 2022
Government, Business, Fuel

Biden Administration Urges Fuel Export Cuts to Restock Northeast

President Joe Biden

The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast.

Ari Natter | Bloomberg News
August 26, 2022
Government, Business, Fuel

Diesel Pinch Looms as World Seeks Relief From Pricey Natural Gas

A diesel fuel pump sits in a cradle at a gas station in Tiskilwa, Ill. A diesel fuel pump sits in a cradle at a gas station in Tiskilwa, Ill. (Daniel Acker/Bloomberg News)

The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.

August 26, 2022
Business, Technology, Equipment, Fuel

Hyliion Acquires Generator Technology From GE Additive for $37 Million

Hyliiion generator Hyliion

Hyliion Holdings Corp., a provider of electrified powertrain solutions for Class 8 semi-trucks, announced it entered into a definitive agreement to acquire a new fuel-agnostic generator, the Karno, from GE Additive, a unit of GE.

Roger Gilroy | Senior Reporter
August 26, 2022
Business, Technology, Equipment, Fuel

California Moves Toward Phasing Out New Gas-Fueled Vehicles

EV Electric charging stations. (Aranga87 via Getty Images)

SACRAMENTO, Calif. — California plans to require all new cars, trucks and SUVs to run on electricity or hydrogen by 2035 under a policy approved Aug. 25 by regulators that seeks a dramatic cut in carbon emissions and an eventual end to gasoline-powered vehicles.

Kathleen Ronayne | Associated Press
August 25, 2022
Business, Technology, Fuel

Tesla Split Will Struggle to Feed $280 Billion Rally

A Tesla factory Tesla stock closed down 0.4%, at the split-adjusted price of $296.07 Aug. 25. (Xiaolu Chu/Getty Images via Bloomberg News)

After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains — a stock split. It may not pan out like that.

Esha Dey | Bloomberg News
August 25, 2022
Government, Business, Technology, Equipment, Fuel

Stakeholders See Opportunity in IRA Clean Truck Measures

Hypertruck ERX Thomas Healy of Hyliion said, “We are excited to share that our Hypertruck ERX will qualify for the $40,000 tax credit” included in the bill. (Hyliion)

Trucking stakeholders see early potential for the industry in clean-air provisions included in the Inflation Reduction Act — mostly as it relates to boosting adoption of zero-emission trucks — but success hinges on how those aspects of the law are ultimately implemented.

Roger Gilroy | Senior Reporter
August 25, 2022
Business, Technology, Fuel

Arrival Set Out to Beat Google, Got Stuck at the Starting Line

Arrival An employee works on a prototype electric van at Arrival’s R&D facility in the U.K. (Chris Ratcliffe/Bloomberg News)

When Arrival, the primarily U.K.-based electric van and bus maker, was preparing to go public via a blank-check deal early last year, its ambition seemingly knew no bounds.

Craig Trudell | Bloomberg News
August 25, 2022
Government, Business, Technology, Fuel

Canada, Germany Aim to Start Hydrogen Shipments in 2025

Justin Trudeau and Olaf Scholz Canadian Prime Minister Justin Trudeau (left) and German Chancellor Olaf Scholz wait for a signing ceremony to begin on Aug. 23. (Adrian Wyld/The Canadian Press via AP)

STEPHENVILLE, Newfoundland — The leaders of Germany and Canada said Aug. 23 a new hydrogen pact will kick-start a transatlantic hydrogen supply chain, with the first deliveries expected in just three years.

August 24, 2022

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