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SafeAI brings its powerful, scalable AI-powered retrofit autonomy to the collaboration, while Siemens provides its industry-leading hardware and software capabilities in zero-emission powertrains, and the necessary infrastructure to operate these vehicles.
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.
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.
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. joint ventures, licensing, strategic investors and partnerships across the industries of electric. Sankar Das.
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.
The industry-leading safety criteria and features found in the Volvo VNR model are retained in the Volvo VNR Electric model including the highest safety standards in the construction of the cab and chassis. In the Volvo VNR Electric, drivers are provided with a familiar human-machine interface, operation and design.
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4
GE Capital’s Transportation Finance business and Clean Energy Fuels Corp., Two of the factors that had delayed the transition to natural gas in the over-the-road trucking industry were related to technology and infrastructure.
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.
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
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.
And the nuclear industry must quickly address the issues of cost overruns and project delays that have bedevilled the construction of new plants in advanced economies. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.
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.
The facility also manufactures seamless pipe for the energy sector, as well as wire rod and coiled reinforcing bar for construction, automotive and specialty industries. Lightsource bp financed, owns and operates Bighorn Solar and sells the electricity it generates to Xcel Energy under a 20-year power purchase agreement.
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
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.
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.
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.
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 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. Sprott invested CDN$3.75
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.
The List of Critical Raw Materials has been updated to reflect the changed economic importance and supply challenges based on their industrial application. A number of raw materials are essential for Europe to lead the green and digital transition and remain the world’s first industrial continent. It contains 30 critical raw materials.
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.
Canada is officially set to launch massive tariffs on electric vehicles (EVs) and battery materials from China later this year, following suit with the U.S. One of many officials to support the plan was Canadian Finance Minister Chrystia Freeland, who has also supported the idea of bolstering ties with the U.S. RELATED: U.S.
Canada-based Mangrove Lithium closed a $3-million financing from BDC Capital’s Cleantech Practice. As electrification and decarbonization accelerates, industry and governments have recognized the emerging supply risk and the importance of having access to a diverse, secure and low-cost source of the critical raw material.
Co-ordinated through ABB EL Ventures, the investment forms part of ChargeLab’s $15-million Series A financing. The EV charging industry is working to improve reliability and convenience. This partnership is not about improving EV charging for a few EV drivers, it’s about leveling up this industry for millions.
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.
The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources. According to the USGS, Mexico has 1.7
Enedym, a switched reluctance motor (SRM) spinout from McMaster University, closed a $15-million financing round from an international group of strategic investors within the US, Canada, Europe, and India, including P&A Paletta Giving Inc., TRIO Capital Group Inc., Napino Group, KWG Capital Inc.,
Canada-based Nouveau Monde Graphite Inc. NMG) and Panasonic Energy entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada.
billion to Export Development Canada (EDC) to retire the loans granted when Chrysler Group began operations in June 2009. Paying back the loans, along with the financial community’s investment in our refinancing packages, marks another step in the Company returning as a competitive force in the global automotive industry.
Canada-based biomass-to-gasoline company CORE BioFuel Inc. based in Toronto, Canada. Osprey Capital will secure equity investment capital to fund the completion of construction engineering for CORE’s first wood-to-Green Gasoline plant to be built in Canada. Osprey Capital is very pleased to be working with the CORE team.
Recognize the potential of CCS for industrial emission sources and review demonstration opportunities. The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.
Reifsnyder, in New Delhi, along with members of industry and civil society groups to discuss the HFC issue. The task force will include industry representatives, scientists, and government officials from India and the US to evaluate a phase-down of the production and use of HFCs under the Montreal Protocol.
China has filed another appeal with the World Trade Organization (WTO) against Canada for its tariffs on electric vehicle (EV) imports and metal imports. China’s Ministry of Commerce reiterated its strong opposition against Canada’s EV import tariffs, stating they would “disrupt and distort” the global EV supply chain.
reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”. Feature lower structural costs enabling its North American region to break even (on an adjusted EBIT basis) at a US total industry volume of approximately 10 million vehicles. General Motors Corp.
BioAmber Inc, an industrial biotechnology company producing sustainable chemicals, has signed a take-or-pay contract for bio-based 1,4-Butanediol ("BDO") with Vinmar International. The tolling facility will convert bio-succinic acid produced at the Sarnia, Canada plant that is currently under construction.
Prepared under the guidance of an Advisory Group including stakeholders from industry, academia, the environmental sector and government, Destination Sustainability focuses on North-South (and equally, South-North) freight transportation between Canada, Mexico and the United States. —CEC Executive Director Evan Lloyd.
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 Earlier post.).
Canada’s federal government is trying to convince Canadian pensions to finance construction of a dozen EV battery plants in the country. The financial plan aims to build electric vehicle battery production facilities as Canada seeks to become a “supplier of choice” for EV automakers. CPPIB is Canada’s largest pension.
This latest announcement in diversification and expansion follows Graphex’s recent raw material sourcing announcements around the world, including Canada, the US, Brazil, and Tanzania as well as active pursuits of additional resources in Canada, Africa, and Europe.
Monroe specialists explained that small to medium-sized auto suppliers may lack access to finances, which may prevent them to expand EV component production. The EV industry has seemingly become a new frontier for many companies and nations to conquer. The United States and Canada proposed imposing 100% tariffs on Chinese EV imports.
Springing for luxury items just isn’t in the cards for most of us, despite the lavish recompense* deigned upon us by our corporate overlords in Downtown Canada. Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. note: the recompense isn’t actually lavish at all).
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