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Plug Power, Olin launch JV for 15-ton-per-day green hydrogen plant in Louisiana

Green Car Congress

Plug Power and Olin Corporation, a leading vertically integrated chlor alkali producer and marketer, launched a joint venture—announced in April ( earlier post )—to begin with the construction of a 15-ton-per-day hydrogen plant in St. Gabriel, Louisiana. The plant will benefit from state and local tax subsidies.

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Plug Power, Olin JV to produce green hydrogen in 15 ton per day plant in Louisiana

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Olin Corporation, a leading vertically integrated chlor alkali producer and marketer, and Plug Power Inc., a leading provider of turnkey hydrogen solutions, intend to create a joint venture (JV) to produce and market green hydrogen to support growing fuel cell demand in the global hydrogen economy.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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DFC has subsequently undertaken technical, market, environmental, social and legal due diligence on Syrah, Twigg and Balama. The US International Development Finance Corporation (DFC) is the US Government’s development finance institution. In July 2022, the US Department of Energy’s (DOE) Loan Programs Office (LPO) closed a $102.1-million

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Chevron, Bunge announce proposed JV for soybean feedstocks for renewable fuels

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Chevron USA, a subsidiary of Chevron Corporation, and Bunge North America, a subsidiary of Bunge Limited, announced a memorandum of understanding (MOU) of a proposed 50/50 joint venture to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.

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LG Energy Solution evaluating Syrah’s natural graphite for anode material

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Under the terms of the MoU, LGES and Syrah will test and verify the natural graphite from Syrah’s Vidalia production facility in Vidalia, Louisiana, which is scheduled to start production in 2023. LGES has also signed binding term sheets with Sigma Lithium (battery-grade lithium) and Electra Battery Materials Corporation (cobalt sulfate).

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

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Syrah Technologies , Phase 3 Expansion of Syrah’s Commercial-Scale Natural Graphite Active Anode Material Facility in Vidalia, Louisiana, $219,820,610. Located in McMinn County, Tennessee, the project will be sited in an ideal location and uniquely positioned to supply America’s rapidly growing electric vehicle market.

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ExxonMobil plans to invest $20B over 10 years to expand manufacturing capacity in US Gulf Region

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ExxonMobil Corporation is expanding its manufacturing capacity along the US Gulf Coast through planned investments of $20 billion over a 10-year period. Most of ExxonMobil’s planned new chemical capacity investment in the Gulf region is targeted toward export markets in Asia and elsewhere. The supply is here; the demand is there.