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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

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million) financing from Bpifrance on the isobutene program. Bpifrance granted Global Bioenergies a “Zero Percent Interest Innovation Loan” (Prêt à Taux Zéro Innovation) to adapt its isobutene process to certain specific industrial environments. million (US$1.6-million) million interest-free loan over seven years.

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ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project

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million in the form of repayable advances, following last July’s achievement of a technical and financial milestone in the ISOPROD project funded by the French Environment and Energy Management Agency (ADEME), which involves Global Bioenergies, Cristal Union and L’Oréal around the IBN-One first plant project. million and IBN-One €0.5

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SITA UK and Cynar to build UKs first commercial plants to convert waste plastic to diesel

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SITA UK, one of the country’s leading recycling and resource management companies and a subsidiary of Suez Environment, has signed an exclusive agreement with Cynar Plc to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel. Agitation evens the temperature and homogenizes the feedstocks.

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INEOS Bio JV Closes $75M in private financing under USDA loan guarantee program for advanced BioEnergy Center in Florida

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INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Earlier post.) Fermentation.

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Euronav partnering with Hyundai Heavy, LR and DNV to accelerate development of dual-fuel ammonia-fitted tankers

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In addition, the vessels will feature a gradual and increasing degree of readiness to be converted into dual-fuel fully-fitted ammonia ships at a later stage, while retaining the possibility to convert them into dual-fuel LNG vessels if it would make more commercial sense. million (US$66.4 million each).

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Pew Environment Report Says Melting Arctic Could Cost a Minimum of $2.4 Trillion by 2050

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trillion by 2050, according to a new report, “An Initial Estimate of the Cost of Lost Climate Services Due to Changes in the Arctic Cryosphere”, released by the Pew Environment Group. Scott Highleyman, international Arctic director for the Pew Environment Group.