article thumbnail

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

Green Car Congress

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
article thumbnail

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

Green Car Congress

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
article thumbnail

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

Green Car Congress

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
article thumbnail

T&E: Denmark, Luxembourg, Netherlands lead deployments of zero-emission buses in Europe

Green Car Congress

Italy, Poland, Germany, the UK, Spain and France, which buy 70% of the urban buses sold in Europe, lag behind. However, Germany is now financing 80% of the higher purchase cost of e-buses. T&E said the EU’s €750-billion COVID recovery fund is a clear way to finance e-bus deployment.

article thumbnail

Solaris Bus in Polish second-life battery consortium

Green Car Congress

The project is being co-financed by the National Center for Research and Development (NCBiR) in Poland. A consortium comprising Solaris Bus & Coach, Impact Clean Power Technology S.A. Solaris launched its first electric bus back in 2011.

Battery 259
article thumbnail

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

Green Car Congress

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
article thumbnail

Porsche launches carbon offsetting program for US drivers

Green Car Congress

Impact has been available to customers in Germany, the UK, and Poland since late 2018. The Porsche Impact offset programs are managed by South Pole, a Swiss-based provider of carbon offsetting projects and sustainability financing that has been active internationally for more than a decade.

Porsche 186