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Phillips 66 Spending $3bn on Two Plants

Phillips 66’s board of directors approved a $3 billion investment in two facilities 60 miles south of Houston. According to Fuel Fix, the move represents the company using its refining operations to fund a business transformation toward energy transportation, storage and processing infrastructure. A liquefied petroleum gas (LPG) terminal in … Read more »

Freeport LNG

DOE Approves Natural Gas Export Facility

Mitsui and Mitsubishi of Japan, and GDF Suez of France have invested in a US liquefied natural gas (LNG) project following the Energy Department’s Friday decision to end a freeze on natural gas exports and conditionally approve a Texas LNG project. The decision allows the Freeport LNG Terminal (pictured) on … Read more »

Contract Wins: Smart & Final, Ecova, Rolls-Royce, Daimler, Sapphire Energy

Warehouse grocery store Smart & Final has expanded its range of services with Ecova, selecting the company to provide waste management services at about 150 grocery and foodservice stores. Ecova already provides energy management services to the grocer. As an independent third party, Ecova says it will help Smart & … Read more »

Policy & Enforcement Briefing: DOE Downplays EV Goal, UN Targets Venting

The Department of Energy backed away President Obama’s stated goal of putting 1 million electric cars on the road by 2015, and outlined its strategy of promoting advanced-drive vehicles. Under the new strategy, the DOE is supporting research into new battery technologies and manufacturing methods that would lower the cost … Read more »

Policy & Enforcement Briefing: US Carbon Tax, Australia Carbon, EU ETS Oversupply, Renewable Energy Support

A $20 per metric ton carbon tax in the US could reduce the country’s budget deficit by 50 percent over the next 10 years, according to the Congressional Research Service. The tax would generate $88 billion in 2012, rising to $144 billion by 2020, reducing US debt by between 12 … Read more »