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Wednesday

06/21

Decarbon Daily - California Collision, Battery Demand, & $1B SAF

Inside this issue

The Collision: California Oil Spill & Global Supply Chain

Hundreds of cargo ships are parked off the coast of the Long Beach port waiting to be unloaded. The coast guard is investigating if one of these ships dropped anchor in the wrong place causing damage to the pipeline.

Cargo Ships off
Source: CBS News

Nearly 100 feet of the pipeline is displaced according to the President and CEO of Amplify Energy Corp, Martyn Willsher. The company's stock tumbled -45% from $5.74 at close on Friday to $3.22 on open Wednesday.

Although the company is proactively engaging the regulators, coast guard, and community, the economic damage of shut-in production along with the remediation costs may be difficult to overcome.

The oil spill has drifted along the California coast line. It is described as "ribbons of oil" or patches that are 100 of yards or miles apart.

View more on the CBS video.

Inside this Issue

🛫 Delta Purchases More than $1 billion Worth of Sustainable Aviation Fuel
🔋 Ford Motor and South Korea-Based SK Innovation Plan Kentucky and Tennessee Electric Battery Vehicle Plants
⛏ Lithium Jumps Again as Miners Can’t Keep Up With Battery Boom
🚙 Factbox: Electric Vehicle Batteries: Major Players and Their Expansion Plans

Articles in this issue

Delta Purchases More than $1 billion Worth of Sustainable Aviation Fuel

www.environmentalleader.com
Delta Airlines has entered into a 10-year contract with renewable fuels company Aemetis, worth more than $1 billion, to source sustainabl...

Ford Motor and South Korea-Based SK Innovation Plan Kentucky and Tennessee Electric Battery Vehicle Plants

www.areadevelopment.com
Ford Motor Company and South Korea-Based SK Innovation will invest a total of $11.4 billion to develop and build electric vehicle batteri...

Lithium Jumps Again as Miners Can’t Keep Up With Battery Boom

finance.yahoo.com
Prices have more than doubled in the past year, according to a Benchmark Mineral Intelligence index of lithium carbonate and hydroxide. D...

Factbox: Electric Vehicle Batteries: Major Players and Their Expansion Plans

whbl.com
The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a sk...

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