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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

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Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

Financing 170
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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The plant will feature SGH2’s technology, which will gasify recycled mixed paper waste to produce green hydrogen that reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper. The facility will process 42,000 tons of recycled waste annually.

Waste 448
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Westinghouse files for Chapter 11 protection in US and secures $800M in DIP financing to fund operations

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Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from a third-party lender to help fund and protect its core businesses during its reorganization. The financing will also allow for new letters of credit to be issued. Existing letters of credit have been cash collateralized in full and will remain in place.

Financing 150
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CO2-to-chemicals company Liquid Light raises $15M Series B financing; process scale-up and application validation

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Start-up Liquid Light, a developer of process technology to make major chemicals from low-cost, globally-abundant carbon dioxide ( earlier post ), has closed a $15-million Series B financing. The financing was completed at a significant increase in company valuation.

Financing 218
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Ohmium and Aquastill collaborate to produce green hydrogen from seawater

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Ohmium International, a green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, announced a strategic collaboration with Aquastill , one of the leaders in modular membrane distillation technology that uses the sustainable power of waste heat for desalination.

Hydrogen 150
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Piedmont Lithium selects Tennessee for second lithium hydroxide project; 30,000 metric tons per year

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Conceptual design of the 30,000 TPY Tennessee Lithium plant. This process eliminates the acid-leaching of spodumene and the production sodium sulfate waste, which will make Tennessee Lithium one of the world’s most sustainable lithium hydroxide operations, according to the company.

Tennessee 243
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Waste Management Makes Strategic Investment in Waste-to-Fuels Company Enerkem

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Waste Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8

Waste 199