Remove Financing Remove North Carolina Remove Products Remove Supplies
article thumbnail

Piedmont Lithium selects Tennessee for second lithium hydroxide project; 30,000 metric tons per year

Green Car Congress

Planned completion and start of production is in 2025. The project will convert spodumene concentrate sourced principally from Piedmont’s international project investments to expand significantly the US supply of lithium hydroxide, a key component in the manufacturing of EV batteries.

Tennessee 243
article thumbnail

BorgWarner to invest $500M in Wolfspeed, securing up to $650M in annual capacity for SiC devices

Green Car Congress

billion financing transaction in exchange for a silicon carbide device capacity corridor. We believe this agreement helps ensure that BorgWarner will have a reliable supply of high-quality silicon carbide devices, which are significant to the company’s inverter growth plans. —Gregg Lowe, President and CEO for Wolfspeed.

article thumbnail

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

Green Car Congress

billion will go to 11 projects in the materials separation and processing segment of the supply chain. Anovion , Scaling the Domestic, US Owned and Operated Anode Supply Chain for Synthetic Graphite, $117,000,000. Of that, $1.6 The awardees are: Materials Separation & Processing (Anode Materials). Li 2 O spodumene concentrate.

Parts 459
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. billion) into a financing facility to support exports.

China 52
article thumbnail

USDA to award $11M loan guarantee to Oregon biorefinery

Green Car Congress

with an $11-million loan guarantee through the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. The Novus plant will process agricultural waste into fuel, natural gas, organic fertilizer and other bio-based products. USDA hopes to finalize loan terms with Novus and Old West by summer.

Oregon 150
article thumbnail

EV newcomer VinFast sees simply 128 registrations in 5 months

Baua Electric

The VF 8 has gained blended critiques from car reporters, a few of whom mentioned it felt like a pressed for time product. VinFast has been searching for techniques to finance its growth from its miniature bottom in Vietnam to greater markets in North The us, Europe and portions of Asia.

Vietnam 52
article thumbnail

USDA closes on $105M loan guarantee to Fulcrum for biorefinery converting municipal waste to renewable jet fuel; first USDA loan for biojet

Green Car Congress

This is the first loan guarantee USDA has made for the production of bio jet fuel. The end syngas product is very clean with zero sulfur content. Hydrotreating, hydrocracking and hydroisomerization upgrading steps are used to upgrade the combined HFTL and MFTL products into jet fuel. Earlier post.).

Waste 310