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Mercedes-Benz will offer electric drive on all commercial van lines; electric eVito now available to order, eSprinter in 2019

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Mercedes-Benz Vans will offer electric drive options on all its commercial van model lines. Further model ranges will follow, starting in 2019. The eVito will be followed in 2019 by the eSprinter. The commercial model ranges with electric drive will thus cover all requirements from people moving to goods transport.

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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030

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This compares to around 3% in 2019. hile bp will continue to high-grade its global oil and gas portfolio, due to improving operational reliability and commerciality over the past four years it also now anticipates retaining some oil and gas assets longer than previously envisaged. For 2022, bp incurred a total tax charge of $15.1

Engine 150
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First Cobalt announces positive feasibility results for Canadian cobalt refinery expansion; first NA producer of battery-grade cobalt sulfate

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. $37 million in undiscounted pre-tax free cashflow to the project forecasted during the first full year of production. 139 million after-tax net present value (NPV) using an 8% discount and 53% after-tax internal rate of return (IRR), representing a payback period of only 1.8 NPV – Pre-Tax (8% Discount Rate).

Sodium 221
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Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

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The Parliament of Mongolia has approved a resolution (Resolution 103) that resolves the outstanding issues that have been subject to negotiations with the Government of Mongolia over the last two years in relation to addressing Parliament Resolution 92 (December 2019). TRQ agreeing to conduct equity or rights offerings of up to $1.5

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Attis Industries to acquire corn ethanol plant, grain malting operation from Sunoco; partnership with Novozymes

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The transaction is subject to regulatory clearances and customary closing conditions and is expected to close in the first quarter of 2019. Attis expects to finance the transaction with non-dilutive financing. Total consideration for the divestiture is $20 million in cash. Partnership with Novozymes.

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Oxy Low Carbon Ventures, Rusheen Capital Management create company to deploy Carbon Engineering’s direct air capture technology

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Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology. Carbon Engineering’s DAC technology has four major elements.

Carbon 221
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Tenneco acquires Federal-Mogul for $5.4B; to create two independent, public companies

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Tenneco also announced its intention to separate the combined businesses into two independent, publicly traded companies through a tax-free spin-off to shareholders that will establish an aftermarket & ride performance company and a powertrain technology company. by the end of 2019. Powertrain Technology Company.

Companies 186