Green Equity - December 11, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Portfolio - Abaxx Technologies (ABXX) has announced the launch of nickel sulphate futures, set for January 10, 2025, as the first of its battery metals products. These physically settled futures, deliverable in Singapore and denominated in USD, are tailored to support price discovery and risk management in the rapidly growing battery metals market, especially for the electric vehicle and renewable energy storage sectors.
American Battery Technology Company (ABTC) has secured a $150 million U.S. Department of Energy grant to construct its second lithium-ion battery recycling facility. The facility will process 100,000 tonnes of materials annually and will begin construction in 2025.
Prime Drink Group (PRME.CN) has announced a major production increase for its popular gluten-free beer, Glutenberg, following the resolution of past production challenges. The company has already produced over 10,000 cases of its best-selling Blonde and IPA varieties, and it plans to expand its offerings and fulfill over 40,000 case orders in 2025.
BluSky Carbon (BSKY.CN) has signed a Letter of Intent (LOI) for its AR2 biochar project in Northwest Arkansas. The project targets a 10-year delivery of 70,000 tons of biochar annually to a U.S. purchaser, valued at approximately $192 million. The project requires commissioning five biomass pyrolysis systems and securing financing and definitive agreements. A 25-year land lease and a competitive feedstock supply proposal from the regional forestry industry have been offered.