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[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]

Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

October 07, 2011

Russian Government-owned Rusnano and I2BF have invested a combined $20 million in ultracapacitor maker Nesscap Energy Inc., subscribing for 50,955,000 and 2,681,842 Nesscap common shares, respectively. Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000).

Products from the new plant in Russia will be supplied to the growing European and Asian markets for use within the automotive sector and renewable energy markets, said Georgy Kolpachev, Managing Director of Rusnano. Under the terms of the investment agreement, Kolpachev will join Nesscap’s board of directors.

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US EPA seeking to award up to $1M for project to mitigate black carbon from diesel sources in Russian Arctic

September 03, 2011

The US Environmental Protection Agency (EPA) is soliciting proposals for a project to provide assistance in developing and implementing assessment and mitigation activities for diesel sources of black carbon in the Russian Arctic. EPA anticipates awarding one Cooperative Agreement from this announcement, subject to availability of funds and the quality of proposals received. The award amount is $1,000,000 for the four-year period of performance.

The main objectives of the solicited project are four-fold:

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Rosneft and ExxonMobil enter strategic partnership for development of Arctic and Black Sea resources, expand technology sharing and implement joint international projects; $3.2B exploration program planned

August 30, 2011

The East-Prinovozemelsky blocks on the Russian Arctic shelf have estimated resources of 35.8 billion barrels of oil and 10.3 tcm of gas, according to Rosneft. Inset at upper right shows location of blocks relative to larger Arctic. Click to enlarge.

Rosneft and ExxonMobil have executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, the United States and other countries throughout the world, and commence technology and expertise sharing activities. The deal comes several months after a similar one proposed between Rosneft and BP collapsed.

The agreement, signed by Rosneft President Eduard Khudainatov and ExxonMobil Development Company President Neil Duffin in the presence of Russian Prime Minister Vladimir Putin, includes approximately US$3.2 billion to be spent funding exploration of East Prinovozemelsky Blocks 1, 2 and 3 in the Kara Sea and the Tuapse License Block in the Black Sea, which are among the most promising and least explored offshore areas globally, with high potential for liquids and gas, the companies said.

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UMTRI study finds US and China could turnover more than 90% of LDV fleet to alternative powertrains by 2050 under very aggressive penetration scenarios

November 09, 2010

Turnover of the US fleet under the three models of penetration. The circles represent the year in which new vehicle sales equal 100% alternative powertrains/fuel. Source: Belzowski and McManus. Click to enlarge.

The US and China—as well as Western Europe, Japan and Brazil—could turnover more than 90% of their vehicle fleets to alternative powertrain/fuel models by 2050 under very aggressive models (or levels) of penetration, according to a report by Bruce Belzowski and Walter McManus at the University of Michigan Transportation Research Institute (UMTRI).

In their study, they used three different alternative powertrain/fuel models: less aggressive, moderately aggressive and very aggressive, applied across four developed economies (United States, Western Europe, Japan, and South Korea) and four developing economies (Brazil, Russia, India, and China). A less aggressive approach yielded fleet turnover rates of 60% or more for most countries, while a moderately aggressive approach yielded fleet turnover rates of more than 80% for most countries.

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