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Volvo Cars successfully places first green bond, raises €500M

Green Car Congress

Volvo Cars successfully placed its first green bond, raising €500 million from a diverse group of institutional investors and further increasing the company’s financial flexibility. A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

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Volvo Cars raises €500M for electrification through second green bond issue

Green Car Congress

Volvo Cars successfully placed its second green bond to raise €500 million from a diverse set of global investors. All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040.

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Norwegian startup Blastr plans €4B green steel plant in Finland

Green Car Congress

Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland.

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Green NortH2 Energy receives €2.3M in R&D funding from Business Finland for the development of green hydrogen and ammonia production

Green Car Congress

million in R&D funding to Elomatic Oy’s project development company Green NortH2 Energy. With the loan, the Finland-based company is developing a green hydrogen and ammonia production concept. Green NortH2 Energy intends to set up the first green ammonia production plant in Naantali.

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European Company Car Market Goes Green

CleanTechnica EVs

In Europe, the company car market is a lot bigger than in the USA. For historical reasons, good or bad, there is a huge company car market in Europe. The most abundant company […]. What the market is in China, I honestly do not know, so this article is for our European and North American readers.

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

Green Car Congress

Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad.

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