article thumbnail

US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

article thumbnail

Valero providing construction financing for Valero-Diamond renewable diesel JV

Green Car Congress

A subsidiary of Valero Energy Corporation will provide financing to Diamond Green Diesel LLC, a previously announced joint venture project between Darling International and Valero Energy Corporation ( earlier post ), for the construction of its renewable diesel facility in Norco, Louisiana. —Randall C.

Financing 186
article thumbnail

Sundrop Fuels selects Louisiana site for planned first biogasoline facility

Green Car Congress

a gasification-based drop-in advanced biofuels company ( earlier post ), has agreed to purchase about 1,200 acres of land near Alexandria, Louisiana, for the planned construction and operation of its first production facility. Sundrop Fuels, Inc., Chesapeake invested $155 million in Sundrop Fuels last summer.

Louisiana 186
article thumbnail

DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

Syrah Technologies , Phase 3 Expansion of Syrah’s Commercial-Scale Natural Graphite Active Anode Material Facility in Vidalia, Louisiana, $219,820,610. Construction is expected to begin in 2023, subject to permitting and project financing, with first production targeted for 2025. Gabriel, Louisiana, $100,000,000.

Parts 459
article thumbnail

Renewable Energy Group to acquire Tyson Foods’ half ownership of Dynamic Fuels renewable diesel biorefinery

Green Car Congress

Completion of the transaction with Tyson Foods, which is contingent upon the closing of REG’s December 2013 announced agreement to acquire substantially all of the assets of Syntroleum Corporation, would give REG full ownership of Dynamic Fuels and its 75-million gallon per year nameplate capacity renewable diesel biorefinery in Geismar, Louisiana.

Renewable 199
article thumbnail

The US’s largest solar panel maker opens a 3.3 GW factory in India

Baua Electric

The US International Development Finance Corporation (DFC) provided $500 million of the $700 million in financing for First Solar’s India factory. This $500 million in financing reflects the increasing strength of our partnership with India – DFC’s largest market and a like-minded partner with a dynamic private sector.

India 52
article thumbnail

BP to acquire unconventional US onshore assets from BHP for $10.5B; transforming US onshore oil & gas business

Green Car Congress

The acquisition will bring BP extensive oil and gas production and resources in the liquids-rich regions of the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana. BP intends to finance this deferred consideration through equity issued over the duration of the installments. On completion, $5.25

Oil 150