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bp ventures invests $10M in waste-to-biomethanol company WasteFuel; offtake MoU

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bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.

Waste 284
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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.

BMW 444
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Raven SR to supply sustainable aviation fuel to ANA and JAL

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Raven SR signed memoranda of understanding (MOU) to supply sustainable aviation fuel (SAF) to All Nippon Airways (ANA) and to Japan Airlines (JAL) for major global routes. Each MOU provides for an initial 50,000 tons of SAF supply in the first year, 2025, with annual incremental increases to 200,000 tons for year 10.

Supplies 210
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SK On signs 5-year lithium hydroxide supply deal with SQM

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Battery manufacturer SK On signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen SK On’s supply chain for critical battery materials in coping with the US “Inflation Reduction Act” (IRA) following its recent deals with Australian lithium developers. million electric vehicles (EVs). Earlier post.).

Supplies 273
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ARPA-E awarding $39M to 16 projects to grow the domestic critical minerals supply chain

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E) will award $39 million in funding to 16 projects across 12 states to develop market-ready technologies that will increase domestic supplies of critical elements required for the clean energy transition. The projects were selected as part of ARPA-E’s Mining Innovations for Negative Emissions Resource Recovery (MINER) program.

Supplies 345
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Euro Manganese signs MoU with Statkraft for renewable energy supply for Chvaletice project

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Canada-based Euro Manganese (EMN) signed a non-binding Memorandum of Understanding (MoU) with Norwegian state-owned company Statkraft for the long-term supply of carbon-free renewable energy for Euro Manganese’s flagship Chvaletice Manganese Project (CMP) in the Czech Republic. Statkraft is Europe’s largest generator of renewable energy.

Renewable 199
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GM and Element 25 to expand US EV supply chain with domestic manganese sulfate production

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General Motors and Australia-based Element 25 Limited announced an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate (MnSO 4 ) annually to support the annual production of more than 1 million GM EVs in North America. Butcherbird hosts a large manganese resource of more than 260 million tonnes.

GM 195