article thumbnail

Stellantis makes $155M investment in McEwen Copper Argentina project

Green Car Congress

Stellantis announced a $155-million investment in a copper project located in Argentina, which will make a major contribution to the company’s plan to become carbon net zero by 2038. Los Azules is an advanced-stage porphyry copper exploration project in the San Juan pro-mining province of Argentina. The company is acquiring a 14.2%

Argentina 307
article thumbnail

Ensorcia to invest €200M to build lithium hydroxide conversion plant in Europe

Green Car Congress

Chile-based Ensorcia Metals , a specialist in the extraction and transformation of high purity lithium, will invest €200 million to build a lithium hydroxide conversion plant in Europe. Ensorcia uses IBAT ’s modular, mobile DLE (Direct Lithium Extraction) technology.

article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

China, Europe, and the US all posted double-digit declines in March. However, Europe was hit the hardest, with the lowest number of sales for March in 38 years. The passenger cars registrations for Europe-27 were 848,800 units, down by 52% compared to March 2019. million units. million units.

Europe 261
article thumbnail

Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining , a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate.

Argentina 259
article thumbnail

Nuseed secures commercial offtake agreement for carinata with leading biodiesel producer Saipol

Green Car Congress

Nuseed Limited, a wholly-owned subsidiary of Nufarm Limited, has executed a commercial off-take agreement with Saipol, the largest biodiesel producer in Europe, to supply Nuseed Carinata as a feedstock for certified low-carbon oil for renewable fuels and high protein non-GMO meal for livestock feed.

article thumbnail

ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

Green Car Congress

Production is currently concentrated between Australia (40%), Argentina and Chile (50% between them). The latter two countries belong to the lithium triangle (Argentina, Bolivia and Chile), which represents about 55% of the world’s resources. Further, vulnerabilities could emerge from increased competition among lithium buyers.

Supplies 236
article thumbnail

Nuseed, bp partner to accelerate market adoption of Nuseed Carinata as a sustainable low-carbon biofuel feedstock

Green Car Congress

Nuseed is currently increasing commercial production in Argentina and planning expansion programs in South America and the United States. Initial research and market development programs are also underway in Europe and Australia. bp expects to initially target low-carbon biofuel markets in Europe and North America.

Carbon 170