STX Group has closed a repeat of its pioneering 2023 environmental commodities borrowing base deal – and it is bigger, bolder and has more banks. How did the trader overcome risk perceptions, a knowledge gap and widespread concerns around greenwashing to reach financial close? More
Cornish Metals has appointed Endeavour Financial as adviser to secure project financing for the South Crofty tin project.Endeavour - an independent finance advisory firm dealing exclusively with the natural resources sector - has prepared a three-staged process to source and negotiate financing for... More
Portadown-based Deluxe Group has secured a £30 million contract for the interior fit-out of a new cruise ship in Germany, with Danske Bank providing finance guaranteed by UKEF.The Deluxe Group will spend 12 months fitting out the dining and entertainment areas on board the new vessel, which is... More
Tobias Behringer, head of finance advisory, Siemens Financial Services, discusses his role in the transformed Siemens organisation as part of the connective tissue for banks, ECAs, and MDBs. He’s got a zeal for mobility projects, particularly sustainable ones, and the role of equity investments... More
Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has cancelled its agreement with Summit Group to build a second FSRU. The LNG import terminal, which would have had a capacity of 600 mcf/d (6.2 bcm/year), would have been Bangladesh's third and was estimated to have been operational... More
ExxonMobil has been in advanced talks with other shareholders to pave the way for its sale of a stake in Germany’s second-biggest refinery, which was halted after a court ruling earlier this year, sources said. About a year ago, the US oil giant announced its plans to sell a 25% stake in... More
Denmark's Bunker Holding is expanding its portfolio by adding physical LNG and liquefied biomethane to Bunker One’s offering.Bunker One is set to launch LNG bunker supply in northwest Europe as of January 2025. The newly established entity Bunker One LNG will manage the physical LNG fuel... More
ADNOC Gas has suspended expansion operations at its Das Island LNG export facility, a company official said.The LNG 2.0 project aimed to electrify LNG trains to reduce GHG emissions, debottleneck LNG trains, and extract and export ethane at Das Island, adding 1.2 million metric tonnes per annum of... More
JBIC will provide $90 million to Vietnam Prosperity Bank to finance projects related to renewable energy and electricity grids in Vietnam under GREEN operations. The total amount of the credit line is up to $150 million.The government of Vietnam announced its national goal to achieve net zero... More
Canada's Energy and Natural Resources Minister Jonathan Wilkinson announced funding for five infrastructure projects to support the development of critical minerals in the Sudbury and Timmins regions.Through the Critical Minerals Infrastructure Fund (CMIF), pending final due diligence, up to... More
EBRD is providing a €25 million ($27.3 million) loan to Turkiye’s QNB Finansleasing for on-lending to sub-borrowers implementing green economy investments for energy-efficiency, renewable-energy and climate-resilience measures.The loan comes under the Turkiye Green Economy Financing... More
JICA has joined the Asia GX (Green Transformation) Consortium, which announced its official launch on October 2, as one of the original consortium members.The consortium aims to develop a practical and common approach to transition finance while considering Asian context including through case... More
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Full detailsUKEF has confirmed its support for a project to construct Britain's largest recycled paper manufacturing plant.The project, in Deeside, consists of the conversion and expansion of Shotton Paper Mill into a containerboard and tissue manufacturing facility. The project aims to make card,... More
Scatec's €500 million Egypt Green Hydrogen project signed a €30 million grant deal with PtX Development Fund.The deal represents the first grant approved by the fund which is established by the German Federal Ministry for Economic Cooperation and Development and KfW, and managed by... More
Iraq is set to hold talks with IFC to seek funds for its first blue ammonia project.The project is part of a “climatic and environment” strategy which includes several projects that will bring Iraq in line with global standards for the protection of the climate and environment, said... More
Woodside has completed the acquisition of Tellurian and its US Gulf Coast Driftwood LNG project for $1.2 billion including debt.Woodside also announced it had renamed the Driftwood LNG development Woodside Louisiana LNG. Woodside Louisiana LNG is an under-construction, pre-final FID, LNG production... More
The Danish Energy Agency has launched the tendering procedure for its third fund for CCS projects, with DKK28.7 billion ($4.2 billion) available for interested parties to help Denmark in its path to climate neutrality.The CCS Fund will cover the costs of capture, transportation and geological... More
IFC and Absa will provide a commodity trade finance facility to Singapore-based Valency International to support the company’s pre-export of agricultural commodities in West and East Africa.The $50 million facility will provide Valency with working capital for the purchase of agricultural... More
Glencore's former head of oil Alex Beard and five other ex-employees of the Swiss commodity trader will stand trial in a London court in 2027 on bribery charges.Beard, who indicated at his first court appearance last month that he will plead not guilty, was not formally asked to enter a plea at... More
UniCredit and Mediocredito Centrale are supporting the international growth of Eagle Pictures with a financing of €10 million backed by SACE's Garanzia Futuro. Simultaneously, UniCredit and MCC have structured and subscribed to a minibond of €5 million with a duration of six years... More