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Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia

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Israel-based Ampal-American Israel Corporation signed an option exercise agreement with Merhav (M.N.F) The purchase of the 25% equity stake and the conversion of the loan is subject to the initial disbursement of a loan from Banco do Brasil, the lender providing project financing to the project.

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Shell and Sumitomo Corporation invest in LO3 Energy to develop blockchain-based community energy platform

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Shell Ventures and Sumitomo Corporation Group have invested in LO3 Energy to support the global development of its blockchain-based community energy networks.