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European Lithium signs binding term sheet with Obeikan for hydroxide plant in Saudi Arabia

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Australia-based European Lithium Limited signed a binding term sheet for the joint development and operation of a lithium hydroxide processing plant in Saudi Arabia with Obeikan Group to convert lithium concentrate into lithium hydroxide.

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Clean Energy to Acquire BAF Technologies, Natural Gas Vehicle Technology and Conversion Company

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has signed a purchase and sale agreement to acquire BAF Technologies, Inc., the leading provider of natural gas vehicle systems and conversions in the United States. The purchase price payable at the closing of the acquisition of BAF is approximately $8.3 Clean Energy Fuels Corp. Due to the fact that approximately $3.8

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Nesscap Energy completes $8.5M private placement

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The financing will be used primarily to expand Nesscap’s operations in South Korea. Ultracap company Nesscap Energy Inc. closed a US$8.5 million private placement of common shares from affiliates of each of I2BF Global Ventures and Arbat Capital Group at a price of C$0.38 per common share.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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Pursuant to the terms of the definitive agreements, Wanxiang would provide A123 with up to $75 million in initial debt financing under a Senior Secured Bridge Facility. In addition to the initial credit extension of $25 million, $50 million would be funded after the satisfaction of certain closing conditions.

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Novamont launches joint venture for European BDO plant using Genomatica’s process

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Under the agreement, Novamont is converting an existing facility in Adria, Italy to use Genomatica’s BDO process. Novamont is financing the plant conversion and will operate the plant, which is expected to have a production capacity of approximately 40 million pounds per year. Initial production is expected in 2013.

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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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51-year-old Energy Conversion Devices, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. million in outstanding 3% Convertible Senior Notes due 2013. Earlier post.) Sale of United Solar.

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Mayor of Indianapolis announces plan to modernize city fleet to plug-ins and CNG by 2025

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Calling it a vital national security issue, Indianapolis Mayor Greg Ballard (a retired Marine officer and Gulf War veteran) signed Executive Order #6, 2012 making Indianapolis the first city in the nation to require the purchase of either electric or plug-in hybrid vehicles for the city’s non-police fleet, and the use of CNG in heavy-duty vehicles.