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TI Clean Mobility to raise Rs 580 crore via equity, Compulsorily Convertible Preference Shares | Autocar Professional

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TI Clean Mobility Private Limited (“TICMPL”), a subsidiary of Tube Investments of India Limited, has signed definitive documents today, with South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively GEF), to raise Rs 580 crore in the form of Equity and Compulsorily Convertible Preference Shares (“CCPS”).

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Edeniq and Global Bio-chem to develop and commercialize technology to convert corn stover to industrial sugars for fuels

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a cellulosic sugar producer ( earlier post ), has signed a letter of intent with China-based Global Bio-chem Technology Group Company Limited to develop and to commercialize processes to convert corn stover to industrial sugars for use in the production of chemicals, fuels, and other bio-based products. Edeniq, Inc.,

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Gevo and Leaf Resources sign joint development agreement for potential use of cellulosic-derived sugars to convert to hydrocarbon molecules

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and Leaf Resources , an Australia-based company and one of the world’s leading companies in converting plant biomass into industrial sugars, have signed a Joint Development Agreement (JDA). Glycell pretreatment is followed by enzymatic hydrolysis which converts cellulose into cellulosic sugars.

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Gevo and Praj to commercialize sustainable aviation fuel in India

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and Praj Industries Ltd. This follows an earlier announcement in April 2019 between both parties regarding the commercialization of renewable isobutanol, SAF and renewable premium gasoline. According to Apte Research Group, University of California, Berkley, particle air pollution in South Asia ranks among the most severe in the world.

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RecycLiCo Battery Materials Advances to lithium recovery stage of demonstration plant project

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C4V technology is foundational to the iM3NY gigafactory ( earlier post ) in Endicott, New York—the only Gigafactory across the globe with an ex-Asia supply chain. The Demo Plant is a platform for further expansion and accelerating RecycLiCo’s commercialization strategy.

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BioAmber and CJ CheilJedang plan JV for bio-succinic acid production in Asia

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Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. CJCJ is a global leader in the area of industrial biotechnology, with innovations in fermentation and purification technologies.

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Koch Strategic Platforms to invest $100M in battery recycler Li-Cycle

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Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, will invest $100 million in lithium-ion battery recycler Li-Cycle ( earlier post ) through purchase of a convertible note to support the company’s rapidly expanding growth opportunities in North America, Europe and Asia.

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