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Northvolt raises $1.B to support factory rollout plans in Europe; close to $8B since 2017

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billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. With this capital raise, Northvolt has since 2017 secured close to $8 billion in equity and debt to deliver on its plans to establish a supply of sustainable batteries.

2017 186
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Cornish Lithium secures £18M funding package from TechMet

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Cornish Lithium said that securing long-term investment from TechMet is a significant step forward that allows it to accelerate its activities towards creating a domestic supply of lithium and other battery metals for the UK. The investment is the first that Cornish Lithium has secured from a financial institution. Source: Cornish Lithium.

Financing 419
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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

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has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. The Supply Agreement has two phases: In the first phase, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas.

Supplies 150
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CCM: LiPF6 industry in China may face overcapacity in 2017

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However, according to market analyst firm CCM , based on the current planned capacity expansions, the LiPF 6 industry may face overcapacity in 2017. The company plans to launch and complete a new 3,000t/a liPF 6 project in 2017, resulting in Do-Fluoride Chemicals LiPF 6 capacity of 6,000t/a in 2017.

2017 150
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SK On secures US$2B for battery business in Europe

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The three agencies will finance SK On by providing credit guarantees and insurance as the company applies for loans in overseas commercial banks. The three agencies that took part in the financing are all export credit agencies (ECAs). SK On plans to use the secured resources to invest in Plant No.3 From the 1.7

Europe 210
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Sea-Tac airport partners with Carbon War Room and SkyNRG to explore long-term financing for sustainable aviation fuels airport-wide

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The Port of Seattle, SkyNRG and Carbon War Room (CWR) are partnering to investigate long-term financing mechanisms that could supply all airlines at Seattle-Tacoma International Airport (Sea-Tac) with sustainable aviation fuels. That study is expected to be released in early 2017.

Financing 150
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. Concessional finance has been a key enabler for the development of renewable power generation in emerging economies and could play a similar role in the EV sector.