The U.S. Department of Energy (DOE) has awarded $11.5 million in funding for 12 research projects as part of Phase One of the Advanced Research Projects Agency-Energy’s (ARPA-E) FLExible Carbon Capture and Storage (FLECCS) program. To adapt to conditions in an environment with high variable renewable energy (VRE), FLECCS projects awarded funding are to develop…
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McDermott Emerges from Chapter 11, with $4.6B Wiped from Debt
Houston-based McDermott International Ltd. has emerged from voluntary bankruptcy and cleared nearly all of its $4.6 billion debt off the books. The engineering, procurement and contracting (EPC) giant, which launched restructuring through Chapter 11 early this year, emerged with a $2.4 billion letter of credit capacity and $544 million of funded debt. “We will continue…
July 2, 2020
Dow Aiming to Stop Plastic Waste, Lower GHG Emissions
Dow Inc. has outlined a series of initiatives in order to combat plastic waste and achieve carbon neutrality by 2050. In its recently issued 2019 Sustainability Report, Michigan-based Dow said that by 2030, it would reduce its net annual carbon emissions by 5 million metric tons (mmt), or 15% from its 2020 baseline. Additionally, the…
June 30, 2020
Q&A with Lisa Viscidi on Mexico’s Natural Gas Market Development
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market. This 33rd Q&A in the series is with Lisa Viscidi, Director of Energy, Climate Change & Extractive Industries…
June 26, 2020
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