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

Forecast: global 3-wheeler market to grow at CAGR of 13% through 2019

Green Car Congress

The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”. cannot effectively penetrate.

2019 231
article thumbnail

Eagle Graphite and University of British Columbia partner on development of silicon-modified anodes

Green Car Congress

In 2019, the Government of British Columbia, through the CleanBC Go Electric Advanced Research and Commercialization (ARC) program, selected Eagle for a grant of $290,000. Flake graphite accounts for approximately 40% of global natural graphite supply.

Universal 305
article thumbnail

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

Woods the had also outlined progress on key projects that support ExxonMobil’s growth plans, including: In Guyana, the estimated gross recoverable resource from the Stabroek Block increased to more than 8 billion oil-equivalent barrels, in part as a result of six additional discoveries made in 2019 and 2020. million net acres.

article thumbnail

Chevron to acquire Anadarko in $33B deal; shale and tight, deepwater, LNG

Green Car Congress

Based on Chevron’s closing price on 11 April 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 LNG – Chevron will gain another world-class resource base in Mozambique to support growing LNG demand. in cash for each Anadarko share.

Chevron 186
article thumbnail

Syrah Resources completes BFS for expansion of US anode material production

Green Car Congress

Market intelligence firm Roskill noted that Syrah Resources is already a producer of natural flake graphite in Mozambique and has been developing spherical graphite intermediate products in the US, with its first battery-grade purified product achieved in July 2020.

article thumbnail

Africa’s Electricity-Access Problem Is Worse Than You Think

Cars That Think

Global electrification has risen steadily since World War II, reaching 73 percent in 2000 and 90 percent in 2019 (the pandemic year of 2020 was the. This means that in 2019 about 770 million people had no electricity, three-quarters of them in Africa. first year in decades when the rate did not go up).