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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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Canada-based Enerkem Inc., a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. Earlier post.).

Waste 199
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Mangrove raises $3M from BDC Capital to accelerate deployment of battery-grade lithium processing systems

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Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. The platform technology is also being commercialized for conversion of waste brines to chemicals and desalinated water. Mangrove says that its process recovers more than 90% of the lithium from lithium concentrates.

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Waste Management Makes Strategic Investment in Waste-to-Fuels Company Enerkem

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Waste Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8

Waste 199
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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

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Canada-based Neo Lithium Corp. It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan. In addition, there is enough space for stockpiling waste salts that are a natural byproduct of the solar evaporation process.

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EC presents action plan for critical raw materials

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The List of Critical Raw Materials has been updated to reflect the changed economic importance and supply challenges based on their industrial application. A number of raw materials are essential for Europe to lead the green and digital transition and remain the world’s first industrial continent. It contains 30 critical raw materials.

Europe 365
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Bombardier Recreational Products and Government of Canada funding C$11.3M project to develop plug-in hybrid Can-Am Spyder roadster with target of 50% reduction in fuel consumption

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The government’s Automotive Partnership Canada program is contributing $6.2 Launched in 2007, the Can-Am Spyder roadster features a distinctive Y-architecture and is he only mass-production, on-road vehicle that is entirely designed and manufactured in Canada. million (US$11.3 million and BRP is contributing $5.1

Canada 240
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Maersk parterning with 6 companies to source at least 730,000 tpy of green methanol by end of 2025

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CIMC is a large, industrial conglomerate that has been a partner of Maersk for more than two decades. Its energy division—CIMC ENRIC—is a world-leading manufacturer of key equipment and services provider of engineering and system solutions for the clean energy, chemical and liquid food industries. WasteFuel (US).

Green 199