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GreenCell Mobility secures Rs 300 crore in green financing from Sumitomo Mitsui Banking Corporation | Autocar Professional

Baua Electric

GreenCell Mobility has secured Rs 300 crore in green funding from Sumitomo Mitsui Banking Corporation (SMBC), for its Electric Bus project in Uttar Pradesh. According to the terms of the agreement, SMBC has extended a long-term Project Finance facility to GreenCell Mobility for its 350 Electric Buses project in Uttar Pradesh.

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Anaergia to supply CO2 to European Energy A/S for green e-methanol production as fuel for container ships

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European Energy, a major multinational renewable wind and solar energy producer, will produce green e-methanol from this biogenic CO 2. Moller - Maersk, the green e-methanol will be used to power the first container vessel that A.P. Under the terms of an agreement European Energy had previously entered into with A.P.

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Historic EU Finance Rules for EVs Undermined by Support for Gas

CleanTechnica EVs

Electric vehicles will be classified as green investments as of 2026, but the EU's green finance rules are severely undermined by the European Commission’s labeling of gas as sustainable.

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Euro Parliament Environment Committee votes to include shipping CO2 in EU ETS; shipping industry to contribute to climate neutrality

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In addition, MEPs say that market-based emissions reduction policies are not enough, so they also introduced binding requirements for shipping companies to reduce their annual average CO2 emissions per transport work, for all their ships, by at least 40% by 2030.

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CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.

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United and Oxy collaborate with syn-bio company Cemvita to produce SAF from CO2 using microbes

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This includes funding projects such as pilot and demo plants, engineering studies, financing construction and operating SAF plants. If performance targets are achieved, UAV and OLCV plan to form a joint venture to commercialize the technology. Cemvita is now the third SAF-related technology to receive an investment from UAV.

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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. —Reiner Blaschek, CEO ArcelorMittal Germany.

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