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

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

Green Car Congress

ADEME, France’s Environment and Energy Management Agency, carried out a study with IFP Energies nouvelles (IFPEN) on the dynamics of lithium supply and demand, based on different scenarios for the electrification of the global car fleet by 2050. Further, vulnerabilities could emerge from increased competition among lithium buyers.

Supplies 236
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

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

Green Car Congress

The agreement is for an initial 10-year term and will see Nuseed continue to develop and expand its existing network of growers, channel and supply chain partners to deliver Carinata oil to bp or its affiliates, with key steps of crop production independently audited and certified. million barrels a year in 2022.

Carbon 170
article thumbnail

Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

Despite the spread of new battery manufacturing capacity into Europe and the US, Asia remains the major source of demand for lithium. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina. Over the following two years, demand is forecast to rise by more than 40%, reaching 1,091,000 tonnes by 2024.

Australia 281
article thumbnail

Study calls for reduction in car ownership, battery size and vehicle dependency to limit environmental impact of surging lithium demand

Green Car Congress

The authors examined four cases of lithium mining: Argentina, Chile, the United States, and Portugal. Lithium supply chains span the world from Latin America to China to Australia, with new extraction being planned in Europe, Canada, the United States and beyond. Riofrancos et al.

Batteries 397