XCF Global (SAFX) said Tuesday that its Reno facility has produced more than 886,000 gallons of renewable diesel to date.
The business generated $1.25 million by selling 550,000 renewable energy credits for $2.27 each, and the plant currently ships roughly 55,000 gallons of fuel daily with a permitted capacity of 38 million gallons annually, the company said.
Production of synthetic blending materials for sustainable aviation fuel is slated to begin in Q4, XCF Global said.
Activist hedge fund Elliott Management acquired an interest in Air Liquide (AI.PA), London's Financial Times reported Monday, citing people familiar with the matter.The unnamed sources said Elliott Management engaged with the French industrial gases company in recent weeks after building its stake.Air Liquide and Elliott did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Venezuelan crude oil exports bounced back in August, just as the Trump administration unveiled plans to secure a greater foothold in the South American country's oil sector, Bloomberg reported Monday.According to data from Kpler and vessel movements tracked by Bloomberg, tankers loaded 1.114 million barrels of crude a day in August, a 28% increase month-on-month, as trade with India more than doubled.The Trump administration on Friday said the US government is partnering with private companies to gain control of 65 billion barrels of Venezuelan oil reserves.
Mizuho Securities on Sunday initiated coverage of industrial gases company L'Air Liquide (AI.PA) with an outperform rating and a price target of 200.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)