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TI Clean Mobility to raise Rs 580 crore via equity, Compulsorily Convertible Preference Shares | Autocar Professional

Baua Electric

TI Clean Mobility Private Limited (“TICMPL”), a subsidiary of Tube Investments of India Limited, has signed definitive documents today, with South Asia Growth Invest III LLC and South Asia EBT Trust III (collectively GEF), to raise Rs 580 crore in the form of Equity and Compulsorily Convertible Preference Shares (“CCPS”).

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Gevo and Leaf Resources sign joint development agreement for potential use of cellulosic-derived sugars to convert to hydrocarbon molecules

Green Car Congress

and Leaf Resources , an Australia-based company and one of the world’s leading companies in converting plant biomass into industrial sugars, have signed a Joint Development Agreement (JDA). Glycell pretreatment is followed by enzymatic hydrolysis which converts cellulose into cellulosic sugars.

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Roskill: Japanese steel industry is poised for a major downsizing in the years to come

Green Car Congress

Nippon Steel’s announcement is the latest example of the challenges faced by the steel industry in developed economies, notes Roskill: overcapacity and environmental regulations. The Japanese steel industry has a total capacity of 130 Mtpy. China is increasingly gaining market share in Southeast Asia, the region’s battleground.

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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

Green Car Congress

The opportunity to partner with SK presents an attractive and timely opportunity to establish a foothold in this market with one of South Korea’s leading industrial conglomerates. In conjunction with this partnership, the companies have also entered into a definitive agreement for SK Group to make a $1.5-billion

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Edeniq and Global Bio-chem to develop and commercialize technology to convert corn stover to industrial sugars for fuels

Green Car Congress

a cellulosic sugar producer ( earlier post ), has signed a letter of intent with China-based Global Bio-chem Technology Group Company Limited to develop and to commercialize processes to convert corn stover to industrial sugars for use in the production of chemicals, fuels, and other bio-based products. Edeniq, Inc.,

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Tesla executives looking for 790-acre land in Thailand: Prime Minister

Teslarati

In an apparent bid to highlight Thailand’s potential position as an electric vehicle manufacturing hub in Southeast Asia, Thai Prime Minister Srettha Thavisin personally accompanied Tesla executives on a tour of potential industrial sites last week. Thailand has an annual production of 2.5

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Badlands NGL to develop $4B plant in North Dakota to convert ethane from Bakken NGLs into polyethylene

Green Car Congress

Badlands NGL, LLC, announced the development of a North Dakota manufacturing plant that will convert ethane (C 2 H 6 ), a byproduct of natural gas processing, into polyethylene, which is used to make a wide variety of end-use consumer and industrial plastics. The project will be the largest private investment in state history.