In an effort to become a world player when it comes to electric vehicles, South Korea announced plans to speed up the timeline for the mass production of electric vehicles from 2013 to 2011.

To bolster its efforts to develop electric vehicle technology, Ford Motor Co., has created a new position overseeing the company’s global electric vehicle portfolio. The automaker named Nancy Gioia to that position.

U.S. consumers can get a tax credit for purchasing Mercedes-Benz’s S400 Hybrid, which uses lithium-ion batteries.

The price of the November NYMEX crude futures settled near US$75 per barrel (/bbl) yesterday, as the U.S. dollar was weak against the Euro and other currencies.

Little to no movement was seen across the ethanol spot market yesterday, as Los Angeles, Seattle, New York and Doraville, Ga., all remained at Monday's prices, while Argo, Ill., fell by a penny, and both Baltimore and Houston gained half a cent.

Ultra-low sulfur diesel markets continue to grow in China, and refiners are expected to profit from the change.

Poor refining margins and plant specific supply and distributions problems plague PKN Orlen’s Mazeikiu’s refinery in Lithuania. To minimize losses, the Polish oil major may consider capacity sharing agreements.

Capture and storage of CO2 is proven as feasible according to a ground-breaking report from the multi-nation, government/industry CO2 Capture Project.

U.S. Energy Sec. Steven Chu said Oct. 12 he was still hopeful U.S. President Barack Obama would be able to sign a domestic carbon-cutting bill before the climate change meeting in Copenhagen this December.