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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. and a CDN$23-million equity offering lead by Sprott Capital Partners LP.

Namibia 284
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Ukraine state oil and gas company signs $3.656B credit agreement with China Development Bank to finance substituting natural gas with coal

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The Ukraine state oil and gas company Naftogaz signed a US$3.656-billion credit agreement with the state-owned China Development Bank to finance the program of substituting natural gas with locally produced coal. The program is aimed at improving Ukraine’s energy security and alleviating dependence on foreign natural gas.

Ukraine 236
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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. The EPA has established that cellulosic biofuels reduce greenhouse gas emissions by at least 60% when compared to gasoline. Sinobioway is a leading Chinese company engaged in the bio-economy. Canada-based Enerkem Inc.,

Waste 199
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BYD executive says Tesla is a ‘partner’ in electrification

Teslarati

An executive from Chinese automaker BYD has called Tesla a “partner” in electrifying the transportation sector, noting the U.S. “Without [Tesla], I think the global EV market could not run so rapidly,” Li said to Yahoo Finance anchor Akiko Fujita. “So we respect them a lot.

BYD 112
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As a result, advanced economies have lost market leadership, as 27 out of 31 reactors that started construction since 2017 are Russian or Chinese designs. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies. —IEA Executive Director Fatih Birol.

Russia 458
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

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How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. Global Nickel Trade and Chinese Dominance. The detailed report— Need Nickel?

China 416
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Wanxiang and GreatPoint Energy close $1.25B deal for 1 Tcf/year coal-to-natural-gas plant in Xinjiang; Sinopec to purchase output, building pipeline to east

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GreatPoint Energy and China Wanxiang Holdings have officially closed their investment and partnership agreement which was highlighted during an official signing ceremony between senior US and Chinese government officials in 2012. billion cubic meters) of annual natural gas output within two years. China Petroleum and Chemical Corp.

Coal 225