Propel

President Lula Signs Historic Law to Propel Brazil’s Offshore Wind Energy, Boosting Economic Growth and Energy Security

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Brasilia, Brazil — President Luiz Inacio Lula da Silva has officially enacted new legislation aimed at bolstering Brazil’s renewable energy sector through the development of offshore wind farms. Signed on Friday, the law is set to improve the nation’s energy security and open doors for significant investment in renewable technology. The newly approved legislation frames the guidelines required for utilizing and developing wind energy resources off Brazil’s extensive coast. It details the strategic locations allowed for wind energy production including the territorial sea, the exclusive economic zone, and the continental shelf areas of Brazil. The … Read more

Propel Fuels Seeks to Double Verdict to $1.2 Billion in Trade Secrets Case Against Phillips 66

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Oakland, Calif. — In a significant legal escalation, attorneys from Kobre & Kim LLP have requested that the Alameda County Superior Court judge more than double a recent $605 million jury verdict. The firm is seeking an additional $1.2 billion in exemplary damages for their client, Propel Fuels Inc., against oil giant Philips 66, citing severe misconduct related to the misappropriation of trade secrets. Two months prior, a jury concluded that Phillips 66 had engaged in the willful and malicious theft of confidential information from Propel, a company specializing in renewable fuels. Despite the damning … Read more

$605 Million Verdict: Jury Finds Phillips 66 Guilty of Stealing Trade Secrets from Renewable Fuels Innovator Propel Fuels

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OAKLAND, Calif. — In a significant legal battle over trade secrets in the renewable fuels market, Phillips 66 has been ordered to pay $604.9 million to Propel Fuels. The jury verdict, delivered after a five-week trial at the Superior Court of California in Alameda County, concluded that Phillips 66 had misappropriated trade secrets from Propel Fuels, a California-based retailer of low-carbon fuels. The court found that Phillips 66 developed its renewable fuels business in California using confidential information that had been painstakingly built up by Propel Fuels over more than a decade. This decision comes … Read more

Jury Orders Phillips 66 to Pay Propel Fuels a Staggering $604.9 Million in Trade Secret Clash

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San Francisco, CA — A San Francisco jury has awarded Propel Fuels a staggering $604.9 million in damages, finding that Phillips 66 misappropriated trade secrets from the clean fuel company, a substantial victory for Propel in a legal battle over proprietary technology. The verdict came after intense scrutiny over Phillips 66’s use of confidential information that Propel alleges was critical to its proprietary fuel formulation method—a blend aimed at reducing emissions. According to court documents, the violation centered around Phillips 66’s unauthorized use of this unique fuel technology after the two companies had discussed potential … Read more