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

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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. billion of overall project costs.

Poland 243
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ERMA supporting Mkango in development of rare earth separation plant in Poland

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The European Raw Materials Alliance (ERMA) will support Canadian mineral exploration and development company Mkango Resources Ltd.with securing financing for the development of a rare earth separation plant to be located in Pu?awy, awy, Poland.

Poland 273
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Poland NCBJ report concludes small modular reactors unlikely to play key role as basic electricity source in Poland

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drowych, NCBJ) concludes that while small modular reactor (SMR) nuclear power plants (NPPs) might become important for Polish power industry, it is very unlikely that they will ever play a key role as basic electricity source in Poland. SMRs might appear in a rather long term perspective, not before 2030. Earlier post.)

Poland 225
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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

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These include spending to expand capacity, a new Crafter plant in Poland and the new Audi plant in Mexico. These investments will be financed from the joint ventures’ own funds. In addition, the Company will make cross-product investments of €23.0 billion (US$29 billion) over the next five years. They will invest a total of €22.0

Poland 317
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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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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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Unlike other renewable energy sources, hydrogen can fuel hard-to-decarbonize heavy industrial sectors like steel, heavy transport, and cement. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry.

Waste 345
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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