October 21, 2020
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Brazil’s Car Wash corruption probe eyes Petrobras bunker fuel deals

By Ana Mano and Gram Slattery



diagram, engineering drawing: FILE PHOTO: A man walks in front of the headquarters of Petroleo Brasileiro S.A. (Petrobas) in Rio de Janeiro


© Reuters/SERGIO MORAES
FILE PHOTO: A man walks in front of the headquarters of Petroleo Brasileiro S.A. (Petrobas) in Rio de Janeiro


SAO PAULO/RIO DE JANEIRO (Reuters) – Brazilian police on Wednesday expanded the Car Wash corruption investigation to alleged kickbacks valued at $8 million on contracts for bunker fuel bought by state-run oil company Petroleo Brasileiro SA for its fleet of tankers.

A police statement said searches were carried out in Rio de Janeiro as part of the investigation, which is targeting unnamed Petrobras officials for their role in the transactions, which were allegedly carried out between 2009 and 2018.

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The head of Brazil’s “Car Wash” prosecution unit, Alessandro Oliveira, said authorities were looking into transactions in Brazil and Singapore.

The statement indicates that a long-running probe into Petrobras’ dealings with some of the world’s largest commodity trading firms – including

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Shift Adds Automotive Retail Veteran Mark McCollum as CRO to Fuel Next Stage of Growth

SAN FRANCISCO, Sept. 30, 2020 (GLOBE NEWSWIRE) — Shift, a leading end-to-end auto ecommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience, today announced the appointment of Mark McCollum as the company’s Chief Revenue Officer. McCollum joins recently-appointed Chief Financial Officer Cindy Hanford in building out the company’s automotive pedigree on the executive team.

This management announcement follows Shift’s June 29 announcement of its plans to pursue a business combination with Insurance Acquisition Corp. (Nasdaq: INSU), a publicly traded special purpose acquisition company, as well as INSU’s announcement on September 24 that the registration statement on Form S-4 (File No. 333-239896) relating to the business combination was declared effective by the U.S. Securities and Exchange Commission. A Special Meeting of INSU’s stockholders is to be held on October 13, 2020 in connection with the business combination.

In this newly created role, McCollum will oversee all

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Jet Fuel Market- Roadmap for Recovery from COVID-19 | Popularity of Air Transportation to Boost Market Growth

Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200927005042/en/

Technavio has announced its latest market research report titled Global Jet Fuel Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

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Ballard Expanding MEA Production Capacity 6x to Meet Expected Growth in Fuel Cell Electric Vehicle Demand

VANCOUVER, BC, Sept. 28, 2020 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the company is expanding manufacturing capacity for production of its proprietary membrane electrode assemblies, or MEAs – a critical component of every fuel cell – 6x by early 2021 at its headquarter facility in Vancouver. The upgraded capacity for production of 6 million MEAs annually, equivalent to approximately 1.66 Gigawatts of product, will make Ballard’s Vancouver facility the largest fuel cell MEA production operation globally for commercial vehicles. Details of the expansion plan will be reviewed at Ballard’s virtual “Investor and Analyst Day 2020” event being held on September 29th, with further event details available here.

Ballard Power Systems (CNW Group/Ballard Power Systems Inc.)
Ballard Power Systems (CNW Group/Ballard Power Systems Inc.)

“We embarked on a strategic investment to expand MEA manufacturing capacity approximately 18-months ago in preparation for expected growth in the demand for fuel cell engines

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Automotive Fuel Injector Market Size US$ 102.56 Billion by 2027

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (Profound via COMTEX) —
The global automotive fuel injector market size was valued at US$ 62.91 billion in 2019 and expected to reach US$ 102.56 Billion by 2027, with a compound annual growth rate (CAGR) of 6.3% during the forecast period 2020 to 2027.

Precedence Research report on the global automotive fuel injector market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2020 to 2027. The report provides revenue of the global automotive fuel injector market for the period 2016ndash;2027, considering 2019 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global automotive fuel injector market during the forecast period.

It is pertinent to

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Jet Fuel Market- Roadmap for Recovery from COVID-19 | Popularity of Air Transportation to Boost Market Growth | Technavio |

LONDON–(BUSINESS WIRE)–Sep 28, 2020–

Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200927005042/en/

Technavio has announced its latest market research report titled Global Jet Fuel Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free

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