article thumbnail

Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. We looked at over 100 companies, many of them in the EV and renewable energy space. DeepGreen Metals Inc., Seafloor polymetallic nodule. Transaction overview.

Companies 418
article thumbnail

DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

Green Car Congress

a company focused on sourcing metals with the least environmental and societal impact, has released the results of a year-long study it commissioned into the impacts of sourcing metals to produce battery cathodes and wiring for electric vehicles (EVs). Canada-based DeepGreen Metals Inc.,

Batteries 269
article thumbnail

UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

Green Car Congress

RIMPAC and Green Fleet demo. Held every two years by Commander, US Pacific Fleet (PACFLT), Rim of the Pacific ( RIMPAC ) is a multinational maritime exercise that takes place in and around the Hawaiian Islands. We see it as a great enabler to allow us to revitalize the chemical industry and the renewable fuel industry in the US.

Renewable 247
article thumbnail

Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

Some companies want to harvest metallic treasures from the sea. The Metals Company (previously DeepGreen Metals) in Vancouver expects to be the first to commercially produce metals from these nodules by 2024. Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We

Batteries 132