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Mascoma and Valero establish JV for commercial-scale hardwood cellulosic ethanol facility; Valero providing majority of financing

Green Car Congress

Longyear LLC, signed a non-binding letter of intent to support the construction of a commercial-scale wood-based cellulosic ethanol biorefinery in Kinross; at the time, construction was projected to begin this year. In January, Valero invested in Mascoma ( earlier post ).

Financing 210
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Danish Parker project developing universal definition for EV integration with electric grid for V2G services

Green Car Congress

Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles. —Prof.

Grid 231
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Ford Anticipates Definitive Sales Agreement with Geely for Volvo in 1Q 2010

Green Car Congress

Ford Motor Company confirmed that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited. More details will be made available once the expected definitive sale agreement is signed in the first quarter of 2010.

2010 186
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Cummins to acquire Meritor in $3.7B deal

Green Car Congress

Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 billion, including assumed debt and net of acquired cash.

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Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.

Europe 395
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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

Green Car Congress

has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. This first phase commences in May 2017 and would continue until completion of Gevo’s first large-scale commercial hydrocarbon plant.

Supplies 150
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DFDS orders 100 Volvo electric heavy-duty trucks

Green Car Congress

The deal is the largest commercial order to date for Volvo electric trucks, and one of the largest yet for heavy electric trucks worldwide. DFDS has chosen a financing solution provided by Volvo Financial Services. Volvo Trucks received an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe’s?largest

Volvo 435