Revolutionary Used Oil Marketplace Launched
StayGreen Oil, LLC, a global provider of used lubricant and used cooking oil technology solutions recently announced it has launched its StayGreen Oil Marketplace. The StayGreen Marketplace is designed as cloud based service intended for use by Buyers and Sellers of used lubricants and cooking oils to enable them to acquire the best vendor and price across broad geographic service regions.
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"The most exciting part of our solution is the fact that the StayGreen Marketplace is a completely innovative approach to an industry that is ripe for automation and standardization of normal business practices. Our platform not only fosters new relationships between buyers and sellers of used lubricants and cooking oils, it also allows parties on both sides of the market to track and manage needs across their enterprise," said Brian Davis, co-founder of StayGreen Oil.
The StayGreen marketplace is free for Buyers and Sellers to register and interact through public auctions or via private requests for proposal. Currently deployed in the United States, the company has plans for expanding the platform to international markets. Michael Griffith, co-founder says, "There currently exists a growing global demand for re-refined basestocks derived from used engine oils and an increased call for used cooking oils required for biodiesel production. StayGreen Oil is the only system of its kind and will revolutionize the way the market interacts to fill these needs."
Source: StayGreen Oil, LLC
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.