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EIB and Umicore conclude €125M loan for EV battery materials production in Poland

Green Car Congress

The European Investment Bank (EIB) has signed a €125-million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland. ska, EIB Vice-President overseeing operations in Poland.

Poland 243
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Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

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Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The company finances, develops, builds and operates C&I and large-scale solar PV plants across Europe, the Middle East, and Asia.

Hydrogen 150
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EC approves €3.2B public support by 7 Member States for a pan-European battery push

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The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries.

Batteries 259
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally. New financing has also been announced to eliminate high emissions vehicles in key regions which should give some support to boost to truck sales, all else being equal.

2020 191
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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

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The main focus will be on expanding the SUV range—in particular in the A/A0 class—as well as on modernizing part of the light commercial vehicle portfolio. These include spending to expand capacity, a new Crafter plant in Poland and the new Audi plant in Mexico. billion (US$51.3 They will invest a total of €22.0

Poland 317
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Tata AutoComp’s ‘Make in India’ push for EVs | Autocar Professional

Baua Electric

Under the UniEVersal mission, the ‘One Tata’ approach bore fruit rapidly, as other companies under the group played their critical part in this journey. The latter two have witnessed a much stronger traction in the industry due to the government’s FAME (Faster Adoption of Manufacturing of Hybrid and Electric Vehicles) policy.

India 52
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2% “ Bretton Woods plus Yalta, multiplied by Reykjavik.

Climate 236