article thumbnail

Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). Earlier post.).

Porsche 243
article thumbnail

BASF, Daimler, Fairphone & Volkswagen Group funding partnership for sustainable lithium mining in Chile

Green Car Congress

The world’s largest lithium reserves and large parts of the total production are located in the Salar de Atacama. The financing companies BASF, Daimler AG, Fairphone, and Volkswagen Group are aware of their responsibility along the entire supply chain, including their human rights due diligence for raw material sourcing and production.

Chile 186
article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4

Coal 243
article thumbnail

Mexico forms state-run company to mine lithium: Litio para Mexico

Green Car Congress

The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources. According to the USGS, Mexico has 1.7

Mexico 284
article thumbnail

Global geothermal industry passes 12,000 MW operational

Green Car Congress

Financing was announced for projects in Costa Rica, Dominica, Djibouti, Ethiopia, Indonesia, Japan, Kenya, Mexico, Tanzania, and the United States, while projects in drilling and start-of-construction phases made headway in Chile, Germany, Guatemala, Italy, Japan, Montserrat, The Philippines, Rwanda, and Zambia.

article thumbnail

It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

“Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. billion) into a financing facility to support exports. Take Albemarle Corp., Pilbara Minerals Ltd.,

China 52
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

Global benchmarks conceal a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. If the offshore transmission costs are excluded, the latter estimate falls to $43/MWh. —Amar Vasdev, a co-author of the report at BNEF.

Cost Of 210