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BNDES approves $92.5M lines of credit to support Eve’s eVTOL development program

Green Car Congress

The financing is subject to the negotiation and execution of definitive agreements between Eve and BNDES in connection with such credit lines, as well as the satisfaction of certain conditions to be set forth in such definitive agreements.

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California ARB approves 2017 Climate Change Scoping Plan; requires doubling the rate of GHG cuts

Green Car Congress

The California Air Resources Board unanimously approved the 2017 Climate Change Scoping Plan , which sets the state on an aggressive course to reduce greenhouse gas emissions an additional 40% below 1990 levels by 2030 under SB 32. This will require California to double the rate at which it has been cutting GHGs. Earlier post.).

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Study finds steelmaking by electric arc furnace in US produces up to 75% less carbon emissions

Green Car Congress

Steel produced by electric arc furnace (EAF) steelmakers in the US has a carbon intensity that is approximately 75% lower than traditional blast furnace steelmakers. This is the finding of an independent study of steelmakers worldwide conducted by CRU Group, a global business intelligence firm specializing in metals manufacturing.

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Cummins to acquire Meritor in $3.7B deal

Green Car Congress

Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it.

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Panasonic Energy and NMG sign non-binding MoU for anode material

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While there can be no assurance that a final offtake agreement with Panasonic Energy will be completed, NMG and Panasonic Energy will work together in the upcoming months to establish a definitive offtake agreement.

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Caterpillar to supply zero-exhaust emission fleet to graphite miner NMG; offtake agreement for anode material

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On the foundation of their 2021 collaboration agreement and of technical work achieved together over the past two years, Nouveau Monde Graphite and Caterpillar signed definitive agreements for Caterpillar to supply NMG’s Matawinie Mine with an integrated solution that covers a zero-exhaust emission fleet, supporting infrastructure, and service.

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Imerys and British Lithium form JV to accelerate development of UK’s largest lithium deposit

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Following drilling and resource definition, inferred mineral resources are estimated at 161 million tonnes at a grade of 0.54% lithium oxide.

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