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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.

Financing 186
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Volvo V60 Plug-in Hybrid on market in 2012

Green Car Congress

Volvo Car Corporation confirmed again that it will begin sales of the V60 Plug-in Hybrid—the results of close cooperation between Volvo Car and Swedish energy supplier Vattenfall&mash;in 2012. Development work has been jointly financed. Earlier post.). liters per 100 km (124 mpg US).

Plug-in 186
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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

Suzuki 218
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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

Financing 225
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Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

Green Car Congress

Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles.

Volvo 246
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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. UTM Offshore was incorporated in July 2012 as a privately held Nigerian company.

Nigeria 186
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Furthermore, BAIC will increase its stake in the production joint venture Beijing Benz Automotive Corporation (BBAC) by 1% to 51%. At the same time, Daimler will increase its stake in the integrated sales joint venture Beijing Mercedes-Benz Sales Service Corporation (BMBS) by 1% to 51%. million vehicles in 2012.

Chinese 259