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President of Mexico nationalizes lithium

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The President nationalized Mexico’s lithium deposits last April, and created LitioMX (Litio Para Mexico) to mine lithium ( earlier post ). Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. What we are doing now.

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Mexico forms state-run company to mine lithium: Litio para Mexico

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Mexico has formed a state-run company called Litio para Mexico (LitioMx) to mine the country’s lithium. Litio para Mexico will begin operations within the next six months. Lithium for Mexico will coordinate with the Undersecretariat of Energy Planning and Transition of the Ministry of Energy.

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Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

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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.

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Global geothermal industry passes 12,000 MW operational

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New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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Most notably, Vietnam, South Africa, Mexico and Morocco led the rankings with a combined investment of $16 billion in 2018. Of the total $133 billion in asset finance that flowed to supporting development of new clean energy projects in the markets in developing nations, just $24.4 —Luiza Demôro, project manager for BloombergNEF.

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Audi partner Joule announces its CO2-recycled ethanol meets US and Euro specs; $40M financing

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These efforts include fuel testing and validation, lifecycle analysis and support for Joule’s production facility in Hobbs, New Mexico, where demonstration-scale production of ethanol is underway. New financing. Joule and Audi formed a partnership in 2011 to accelerate the development and commercialization of CO 2 -neutral fuels.

Financing 150
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USDA to provide $105M loan guarantee to Fulcrum Sierra Biofuels; municipal solid waste to ethanol

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The US Department of Agriculture (USDA) announced a $105-million loan guarantee to Fulcrum Sierra BioFuels, LLC to finance development of a facility to convert municipal solid waste into advanced biofuels. With the loan guarantee finalized, the company will secure bank financing, which when combined with private equity capital provided.

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