Green Equity - January 14, 2025
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
Calumet (CLMT) announced a $100 million private placement of 9.75% Senior Notes due 2028. The proceeds will be used to partially redeem its 11.00% Senior Notes due 2026 by April 15, 2025, reducing interest costs. The new notes mirror previously issued 9.75% Senior Notes but will have separate indenture and CUSIP numbers.
GreenPower Motor (GP) has received orders for 11 electric school buses from school districts in Arizona, California, and Oregon. The orders include seven buses for Los Baños Unified School District (CA), two for Casa Grande Elementary School District (AZ), and two for Hood River County School District (OR). GreenPower's order pipeline and production are at record levels, with 2025 sales expected to surpass 2024.
Anaergia (ANRG) has signed a binding agreement with Techbau S.p.A. to build five biomethane production plants in Southern Italy. Anaergia will supply proprietary anaerobic digestion technologies, while Techbau will manage the engineering, procurement, and construction. The €100 million project is expected to be completed by the end of 2025, with Anaergia anticipating C$25 million in revenues.
Ecolomondo (ECM.V) has signed a letter of intent with Aresol Renewables (ARESOL) for a joint venture to establish a tire pyrolysis facility in Spain. The plant can process 20,000 metric tons of end-of-life tires annually. It will produce tire pyrolysis oil, recovered carbon black, steel, and syngas.