article thumbnail

The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

Green Car Congress

The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. Deep sea mining remains controversial.

Kiribati 397
article thumbnail

The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion-Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga.

Carbon 352
article thumbnail

Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

Green Car Congress

The combined company is expected to have approximately US$570 million in cash, assuming no redemptions, as part of the business combination, facilitating plans for The Metals Company to start commercial production of battery metals as soon as 2024. The combined company will continue to be led by Gerard Barron, DeepGreen Chairman and CEO.

Companies 418
article thumbnail

DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

Green Car Congress

They have never been mined on a commercial scale, and plans to develop these ocean resources have been met with opposition from ocean-conservation NGOs concerned about disruptions to seabed ecosystems and inhabitants.

Battery 269
article thumbnail

UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

Green Car Congress

UOP is moving faster commercially on the Green Diesel side, with the Diamond Green project with Darling International and Valero Energy nearly complete. Military personnel from Colombia, India, Indonesia, Malaysia, Netherlands, Norway, Peru, Republic of Philippines, Thailand, Tonga and the United Kingdom will also participate.

Renewable 247
article thumbnail

Could Sucking Up the Seafloor Solve Battery Shortage?

Cars That Think

The Metals Company (previously DeepGreen Metals) in Vancouver expects to be the first to commercially produce metals from these nodules by 2024. It's not possible to mine polymetallic nodules from the seafloor on a commercial scale without causing substantial ecological damage over tens of thousands of kilometers," he says.

Battery 143