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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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announced the renewal of the Industrial Mining Licence for the Malsiripura, M1 mining project in Sri Lanka (known as Ceylon until 1972) from the Geological Survey and Mines Bureau (GSMB). Vancouver-based Ceylon Graphite Corp. The Licence grants exclusive rights to mine graphite from within the M1 mining area.

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Verkor gets over 1.3 bn euros in financing for Dunkirk EV battery gigafactory – ET Auto

Baua Electric

billion) in green financing for its first battery gigafactory in Dunkirk , finalising its funding. Europe is seeking to attract electric vehicle (EV) battery makers, as it tries to cut dependency on Asia and win a green subsidies race with the United States. French battery start-up Verkor said on Friday it had secured more than 1.3

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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

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Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board. John was President-Ford India, Vice Chairman & EVP-Mazda Motor Company and EVP- Ford Asia Pacific & Africa.

Financing 291
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SGB cuts time to maturity with new hybrid Jatropha from 5 to 1-2 years; $11M Series C financing

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In conjunction with these results, the company has closed an $11 million Series C financing to drive commercial rollout. The $11-million financing is led by SGB’s current investors including Thomas McNerney & Partners, Finistere Ventures and Flint Hills Resources (a wholly-owned subsidiary of Koch Industries).

Financing 210
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Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

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which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Its manufacturing platform integrates its proprietary technology in novel combinations with established industrial processes (metathesis, transesterification, hydrogenation).

Financing 210
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Daimler to split into two pure-play companies: cars & vans, trucks & buses

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Daimler Truck supplies industry leading transportation solutions and services to customers. Both companies operate in industries that are facing major technological and structural changes. Mercedes-Benz is the world’s most valuable luxury car brand, offering the most desirable cars to discerning customers.

Companies 497
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Under the Net Zero Scenario, as demand for Indonesia’s coal exports decline by more than 60%, domestic coal power plants equipped with carbon capture and storage could provide a just transition pathway for the country’s coal industry. —Caroline Chua, BNEF’s Southeast Asia clean power lead analyst. trillion under the NZS.

Indonesia 195