Remove Energy Remove Financing Remove Market Remove Mozambique
article thumbnail

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

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

article thumbnail

UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. UTM Offshore’s signing of the deal will be a game changer within Africa’s gas market.

Nigeria 186
article thumbnail

DOE closes $102.1M loan to Syrah Technologies to expand production of graphite-based active anode material

Green Car Congress

The US Department of Energy’s (DOE) Loan Programs Office (LPO) has closed a $102.1-million The loan will help finance the construction of the Syrah Vidalia Facility. Earlier post.). The project is expected to create approximately 150 construction jobs and 98 good-paying, highly skilled operations jobs.

article thumbnail

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

Green Car Congress

The US Department of Energy (DOE) is awarding a combined $2.8 Anovion, with its partners, collaborators and stakeholders, will build 35,000 tons per annum of new synthetic graphite anode material capacity for lithium-ion batteries used in electric vehicles and critical energy storage applications. Earlier post.) Of that, $1.6

Parts 459
article thumbnail

Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]

Teslarati

There are many challenges that EV battery manufacturers might face in the graphite market as electric vehicle demand continues to rise. Syrah Resources is an Australian company that supplies Tesla from its mine in Mozambique, one of the largest graphite producers. . Graphite is an essential part of a lithium-ion battery.

article thumbnail

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

Electric vehicles represent a $7 trillion market opportunity between today and 2030, and $46 trillion between today and 2050, according to the new report, “ The Cost of Producing Battery Precursors in the DRC ”, launched at the DRC-Africa Business Forum 2021. —James Frith, head of energy storage at BNEF.

Africa 221