article thumbnail

New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”. —“Financing the Transition”.

Financing 221
article thumbnail

Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9%

Argentina 335
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

Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

The acquisition of the two mines was financed through US$36 million in debt, royalty and stream financing provided by funds managed by Sprott Resource Streaming and Royalty Corp. million in lease payments for use of the land and buildings. and a CDN$23-million equity offering lead by Sprott Capital Partners LP.

Namibia 284
article thumbnail

POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

We will enhance our global competitiveness in lithium and other mineral resources and contribute to the development of domestic industries, including the secondary battery sector, by leading the localization of materials. Earlier post.) The subsequent production of lithium hydroxide will take place in South Korea.

Argentina 369
article thumbnail

Global Bioenergies picks up new €1.4M financing for isobutene program; targeting Germany expansion

Green Car Congress

France-based Global Bioenergies, the developer of a one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, has obtained new €1.4-million million) financing from Bpifrance on the isobutene program. Isobutene is one of the key petrochemical building blocks.

Financing 150
article thumbnail

The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

to finance the development and production of low-carbon fuels and energy transition metals. Our extensive experience in building, developing and financing natural resource assets and companies allows us to consider trade-offs of resource projects thoughtfully.

Carbon 352