article thumbnail

Why New Production Sources of Tungsten Are Critical for Increased Global Supply

Green Car Congress

and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% The challenge with China being the dominant force for a majority of raw materials is regarding their legal system. With the COVID pandemic wreaking havoc on the U.S.

Supplies 380
article thumbnail

BASF completes carve-out of mobile emissions catalysts and precious metals services businesses: ECMS

Green Car Congress

BASF has completed the carve-out of its mobile emissions catalysts and precious metal services businesses and named the separate legal entity BASF Environmental Catalyst and Metal Solutions (ECMS). ECMS has global operations in 15 countries with more than 4,500 employees and 20 production sites. Earlier post.)

Emissions 150
article thumbnail

Ekona Power closes CAD 79M Series A to advance pulsed methane pyrolysis technology for clean hydrogen production

Green Car Congress

a Vancouver-based company that is developing a novel methane pyrolysis technology platform which produces clean and low-cost hydrogen, closed a CAD $79-million (US$62-million) Series A round. Fort Capital Partners acted as financial advisors and Blake Cassels & Graydon LLP served as legal counsel to Ekona. Ekona Power Inc.,

Hydrogen 195
article thumbnail

Bank of America joins Stanford’s Global Climate & Energy Project

Green Car Congress

Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone.

Climate 218
article thumbnail

Koch invests $252M in Compass Minerals to support development of lithium brine project in Utah; ESM for DLE

Green Car Congress

Koch Minerals & Trading, LLC (KM&T), a diverse global trading, logistics and investment company and subsidiary of Koch Industries, Inc. KII), is making a $252-million investment in Compass Minerals, a leading global provider of essential minerals, to support phase-one development of its previously identified 2.4

Utah 195
article thumbnail

ABI Research: by 2028, automakers will save $1.5B using over-the-air updates to fix recalled cars

Green Car Congress

According to global technology intelligence firm ABI Research, performing these legally required software updates in-person costs OEMs half a billion dollars annually. But there is also a strong business case for remote updates from cost savings available in the short term.

article thumbnail

Uber to acquire Postmates in $2.65B all-stock deal

Green Car Congress

This transaction brings together Uber’s global Rides and Eats platform with Postmates’ delivery business in the US. For restaurants and merchants, Postmates and Uber Eats will together offer more tools and technology to connect with a bigger consumer base more easily and cost-effectively. billion in an all-stock transaction.

Legal 186