article thumbnail

Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace

Green Car Congress

the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum, has signed a definitive agreement to acquire Aleris Corporation, a global supplier of aerospace and automotive rolled aluminum products, for approximately $2.6 Novelis Inc., billion including the assumption of debt.

Kentucky 170
article thumbnail

Stanford’s GCEP awards $10.5M for research on renewable energy; solar cells, batteries, renewable fuels and bioenergy

Green Car Congress

The seven awards bring the total number of GCEP-supported research programs to 117 since the project’s launch in 2002. A team of scientists from the United States, Belgium and Scotland also received support for research that could lead to the large-scale conversion of cellulosic plants to biofuels: Optimizing yield and composition in lignin?modified

Renewable 225
article thumbnail

Li-ion Maker fortu PowerCell GmbH Considering Michigan Plant

Green Car Congress

After a liquidation of the company in 2002, Hambitzer revived fortu in the summer of 2003. The governor made the announcement after returning from a 48-hour investment mission to Germany and Belgium. Officials from the Michigan Economic Development Corporation (MEDC) and NextEnergy also accompanied Granholm on the mission.

Michigan 150