Indonesia’s Ministry of Finance signed a Bpifrance-backed loan to finance defence procurement on 7 February. Proceeds will be used under project SqualeThe loan has door-to-door tenor of 11 years and two months and is being provided by mandated lead arrangers Credit Agricole (facility agent),... More

The Export-Import Bank of the United States has approved three transactions amounting to more than $350 million.The first deal was an $11 million loan for IperionX Technology to support the purchase and installation of industrial metals processing equipment. This transaction is the seventh under US... More

Benoit des Cressonnieres, global head of reinsurance of Allianz Trade and CEO of Euler Hermes Reinsurance, will retire on September 30. Philippe Dessevre, currently CFO of Allianz Trade in DACH, will succeed him as of 1 October.  Des Cressonnieres has held numerous leadership roles within... More

Chilean state-owned copper mining company Codelco has secured a $666 million loan, with Japanese ECA JBIC providing $466 million. The funding is co-financed with a private financial institution.The loan is intended to provide the funds required for Japanese manufacturers to stably import copper... More

Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture.Last year, Shell announced the sale of its Bukom and Jurong islands facility, which dates back to 1961. The deal makes Indonesia-based Chandra Asri, the majority owner of the joint... More

H2Apex has acquired HH2E’s 1GW green hydrogen production plant in Lubmin, Germany.Under an investor agreement, H2Apex will purchase the insolvent green hydrogen firm’s project subsidiary HH2E Lubminwerk to boost its hydrogen ambitions in northern Germany.However, the deal is subject to... More

Norwegian Hydrogen has taken a final investment decision for a new hydrogen plant in Rjukan, Telemark in Norway.From Rjukan, Norwegian Hydrogen will supply green hydrogen to both existing and new customers in southern Norway and parts of Sweden. When the facility is completed at the end of 2027, it... More

MIGA has issued a guarantee of €161.5 million to Erste Group from Austria to cover its investments in Erste Serbia. The guarantee covers against the risk of expropriation of funds of mandatory reserves held at the National Bank of Serbia for up to five years.  The project marks... More

XRG has completed its acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique’s Rovuma Basin. The investment is XRG’s first in the country. The Rovuma Basin, one of the largest gas discoveries in the past 15 years, offers XRG access to LNG projects with a... More

INOX Air Products (INOXAP) has commissioned its first green hydrogen manufacturing plant at the float glass facility of Asahi India Glass. The plant is in Soniyana in Chittorgarh, Rajasthan, in north-western India.The glass manufacturer has agreed a 20-year offtake with INOXAP. The solar... More

Gunvor and Vitol are waiting to withdraw large volumes of Russian-produced aluminium from London Metal Exchange-approved warehouses in the South Korean port of Gwangyang, three sources said.Gunvor and Vitol mostly focus on energy, but oil and gas trading giants more broadly have made significant... More

SACE has signed its first Push Strategy deal dedicated to developing new Italian export opportunities in the Philippines.The Italian export credit agency guaranteed a €600 million SMBC financing to San Miguel Group, one of the largest and most diversified conglomerates in the Philippines.The... More

Energy Vault Holdings has closed $28 million in project financing for its Calistoga Resiliency Center in Napa County, California.The financing includes the completed sale of an Investment Tax Credit associated with the CRC. Currently under site commissioning, the Calistoga Resiliency Center, which... More

The developers behind the Hydrogen Energy Supply Chain have altered plans, deciding to source hydrogen domestically in Japan rather than Australia due to ongoing procedural delays with Australian authorities. Initially, the project aimed to produce up to 30,000 tonnes of hydrogen annually using coal... More

Vale is forming a joint venture with US-based investment firm Global Infrastructure Partners through its Brazilian renewable energy business Alianca Energia.Brazilian miner Vale said it would sell 70% of Alianca Energia to GIP, receiving about $1 billion in cash once the transaction is completed. It... More

Andromeda Metals has entered into exclusive negotiations with Merricks Capital for a debt project financing facility with a limit of up to A$75 million (almost $47 million).The progression to exclusive negotiations with Merricks Capital follows a phase of detailed due diligence and represents... More

The Asian Infrastructure Investment Bank has opened the nomination process for the election of its next president. The election will be conducted at the 10th Annual Meeting of the bank’s Board of Governors on June 24-26, 2025.Candidates are nominated by AIIB Governors and must be a national of... More

Varo Energy, backed by private equity giant Carlyle Group and Vitol, has agreed to buy Swedish refiner Preem, betting on growing demand for biofuels.Varo already has stakes in oil refineries in Germany and Switzerland and is expanding in sustainable fuel and trading. It plans to invest around $3.5... More