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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. interest in the Syncrude Canada oil sands mining and upgrading facility.
Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25
have agreed to form a new start-up focused on the development of small-scale LNG liquefaction and logistics services in Bécancour, Québec, Canada. Under the current plan, gas delivered via existing pipelines terminating in southeast Canada will be liquefied at a small-scale plant to be constructed by Stolt LNGaz. SunLNG) and LNGaz Ltd.
Canada-based waste-to-biofuels company Enerkem Inc. million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million (US$82.7 Investissement Québec, as a mandatary for the Government of Québec, is one of the largest institutional investors in Canada. recently closed a C$50-million (US$47.6-million)
FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. The company’s project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date (COD) of the power plants.
Canada-based Li-ion battery maker Electrovaya Inc. completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. of the Institute of International Finance, a global association of financial institutions based in Washington, DC.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts. Management of the Proceeds.
The company anticipates entry into commercial service in 2025 with a certified retrofit conversion kit for existing ATR 72 and De Havilland Canada Dash-8 regional airliners and a green hydrogen fuel services offering. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.
Volvo Financial Services (VFS) provides flexible financing solutions specific to the Volvo VNR Electric and required charging infrastructure. The Volvo Gold Contract provides assurance and peace of mind as customers integrate the new Volvo VNR Electric trucks into their fleets.
Canada-based Enerkem Inc., In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. Earlier post.). — Enerkem President and CEO Vincent Chornet.
Exelon Corporation will provide equity financing for 21 megawatts (MW) of Bloom Energy solid oxide fuel cell (SOFC) projects at 75 commercial facilities in California, Connecticut, New Jersey and New York. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada.
The final Regulations Amending the Passenger Automobile and Light Truck Greenhouse Gas Emission Regulations for model year 2017 and beyond will be published in the Canada Gazette, Part II, on 8 October. Canada Emissions Fuel Efficiency Policy Regulations' GHG regulations. billion and cumulative net benefits for Canadians of $4.7
The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Canada is also committed to phasing out public financing of the fossil fuel sector.
The government’s Automotive Partnership Canada program is contributing $6.2 Launched in 2007, the Can-Am Spyder roadster features a distinctive Y-architecture and is he only mass-production, on-road vehicle that is entirely designed and manufactured in Canada. million (US$11.3 million and BRP is contributing $5.1
On the other hand, venture finance deal values also grew from $595.23 mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries. Last year, mergers and acquisitions (M&A) deals reached $24.4 billion in monetary value, representing a 288% increase compared to 2021 levels.
Its innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. InCharge Energy’s innovative service models offer subscription solutions such as software-as-a-service and fully financed charging-as-a-service. —Frank Muehlon, President of ABB’s E-mobility Division.
Vehicles sold to fleet owners in various countries worldwide including the USA, Australia, Canada and China will be included in the WCP. Grütter Consulting is a leading advisory firm on carbon finance and transport with activities worldwide.
As previously announced, the partnership provides Uber drivers a discounted package for a Wallbox Pulsar Plus charger, installation and the option to finance the package. Additionally, the two companies are actively discussing a potential global roll-out program beginning in Europe and Canada. Phoenix, New York and Boston in February.
The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 billion); Kinder Morgan has agreed to work with the Government of Canada to seek a third-party buyer for the Trans Mountain Pipeline system and TMEP. This is an investment in Canada’s future.
Comet Biorefining, an industry leader in the production of high-purity cellulosic dextrose, has completed a round of equity financing led by new investor PM Equity Partner. Current investor Sofinnova Partners and new investor Bioindustrial Innovation Canada (BIC) also participated in the financing.
an independent Rosneft subsidiary, acquired 30% of ExxonMobil’s stake in the Harmattan acreage in the Cardium formation of the Western Canada Basin in Alberta, Canada. In addition, RN Cardium Oil Inc., The Cardium formation is an active unconventional oil play in which ExxonMobil has a significant acreage position.
million in funding between them, and during the program they will receive education, mentorship and access to technology from corporate and technology partners including new partners IBM Canada and TribalScale, and existing partners including Techstars, OMERS Ventures, and the City of Toronto. The nine participating startups have raised $2.7
Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies. This is because there is rarely sufficient private sector finance for such capital-intensive and long-lived assets, particularly those exposed to significant policy risk.
Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board. The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45
Lucid Financial Services, the financing arm of Lucid Group, has announced the availability of flexible lease options for Canadian residents. This expansion marks the third country where Lucid offers these leasing programs. Lucid Motors continues to make significant strides.
Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner.
Lightsource bp financed, owns and operates Bighorn Solar and sells the electricity it generates to Xcel Energy under a 20-year power purchase agreement. Already, the plant recycles scrap metal to produce new steel products, including what it says is some of the most sustainably made rail in the world.
Canada’s Minister of Transport, Lisa Raitt, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act.
Canada-based start-up CelluFuel Inc. The demonstration project in Brooklyn will procure wood residuals from the local region, and is intended to create new employment opportunities in Queens County, NS and serve as a platform for the expansion into commercial scale projects throughout Canada. PwC Corporate Finance Inc.
Given our ongoing growth ambitions in existing and new markets, access to attractive fleet financing is integral to our success. Barclays has outstanding experience in the securitization space, and they worked closely with us to structure a deal that we believe will cover our domestic expansion needs this year at a competitive financing rate.
GE Capital, Canada and Gaz Métro Transport Solutions (GMTS), a subsidiary of Gaz Métro, signed a strategic agreement that will facilitate the trucking industry’s adoption of natural gas as a fuel in Eastern Canada. In 2011, GMTS launched the Blue Road, is the first LNG fueling station network in Canada.
Canada-based Neo Lithium Corp. It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan. NLC) announced the closing of a previously announced equity investment by China-based Contemporary Amperex Technology Co.
GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.
Canada-based Osum Oil Sands Corp. The financing was led by a combination of new and existing shareholders. billion barrels (net), ranking it third in the area next to Husky Energy and Shell Canada. Credit Suisse Securities (Canada), Inc., and Barclays Capital Canada Inc. The placement will consist of 21.2
China is urging Canada to comply with the World Trade Organization’s (WTO) rules regarding electric vehicle (EV) imports. Last month, Canada’s Department of Finance announced the Government’s intention to impose a 100% tax on China-made EV imports , effective October 1, 2024.
BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.
China warned Canada against imposing 100% tariffs on its electric vehicle (EV) imports. Canada is considering new tariffs on Chinese-made EV imports similar to those in the United States. China argues that Canada would be sacrificing normal trade between the two countries if it imposed similar tariffs.
PACCAR is collaborating with Faith Technologies and Schneider Electric to provide a charging infrastructure package solution for customers that purchase battery electric Kenworth and Peterbilt heavy- and medium-duty trucks in the United States and Canada. PACCAR electric charger with Kenworth K270E and Peterbilt Model 220EV trucks.
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, have entered into a strategic alliance to accelerate the conversion of heavy-duty trucking fleets from diesel to cleaner-burning, less-expensive natural gas.
Canada recently announced that it was imposing a 100% duty on China-made electric cars. Citing information reportedly from a Canadian government source, Reuters claimed that Tesla had asked Canada to give its vehicles a rate similar to what it was able to secure from the European Union.
Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. million in previously announced funding from Emissions Reduction Alberta (ERA) and Sustainable Development Technology Canada (SDTC). Mangrove plans to leverage technology platform advancements made possible with $7.1
Lucid Financial Services, the financing and lease arm of Lucid Group , has announced it is opening up its portfolio of more flexible payment options to Canadian residents. Neighbors to the North can now lease a new Air EV, marking the third country Lucid is offering the option.
We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.
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