In depth
16 July 2024

Keynote: Euler Hermes’ Schoene, on delivering the transformation message

Edna Schoene, CEO of Euler Hermes, naturally chose the eponymous messenger Hermes as her legendary figure of choice when TXF spoke to her at Global 2024: Export, Project & Development Finance in Athens. But the discussion of the German ECA’s new transformational strategy was anything but... More

News
19 July 2024

UK and Ukraine to agree Defence Export Support Treaty

Volodymyr Zelenskyy and Keir Starmer are set to agree a Defence Export Support Treaty to fire up both the UK’s and Ukraine’s defence industrial bases and increase military hardware and weaponry production.The treaty will enable Ukraine to draw on £3.5 billion ($4.5 billion) of... More

News
19 July 2024

Aramco completes $6bn bond issuance

Saudi Aramco has completed the issuance of a $6 billion US dollar-denominated international bond, marking the state oil firm’s return to the debt market after a hiatus of three years.  The issuance is comprised of three tranches of USD-denominated senior unsecured notes under... More

In depth
12 July 2024

Looking for the alternatives: EET Fuels on its plans for decarbonisation

EET Fuels is leading the development of a major UK hydrogen cluster around its Stanlow refinery operations. The company has put its decarbonisation plans firmly behind alternative fuels as it looks to diversify its operations from traditional oil & gas assets. More

News
19 July 2024

Norton Rose Fulbright promotes finance lawyer to partner in Sao Paulo

Norton Rose Fulbright has announced that Jose A. Cobena, a finance lawyer focused on financings and projects in Latin America, has been promoted to partner with Norton Rose Fulbright US Consultores em Direito Estrangeiro in Sao Paulo.Cobena represents corporates, commercial banks and multilateral... More

News
19 July 2024

KHNP selected for Czech nuclear units

Korea Hydro & Nuclear Power (KHNP) has won the Czech government's contest for at least two new nuclear power units, with its bid preferred to that from France's EDF.The tender for new nuclear power was originally for a binding offer for one new unit at Dukovany and non-binding offers for... More

News
19 July 2024

JICA and IFC fund Guatemalan electricity network project

Guatemalan electricity distributor Energuate has received funding from JICA and IFC for the installation, maintenance and replacement of distribution network facilities across 20 rural departments in the Central American nation.JICA provided a loan of up to $75 million, while IFC agreed up to $100... More

News
19 July 2024

Arizona Lithium nabs $21m to convert oil waste to lithium

Arizona Lithium has been deemed eligible to receive a reimbursement of up to $21.6 million for the development of its Prairie Lithium Project in Saskatchewan, Canada. The provincial government has conditionally approved the investment, which can only be claimed once the project is... More

News
19 July 2024

Blank-check firm to buy Turkish mine in $290m bet on copper demand

Blank-check firm ACG Acquisition is buying a Turkish mine, which plans to start copper and zinc production in 2026, in a $290 million deal with a subsidiary of Turkish conglomerate Calik Holding.The deal, a bet on growing demand for copper from the energy transition, includes funding for the $145... More

News
19 July 2024

US Ex-Im agrees $1.6bn Angolan solar, water supply funding

US Ex-Im has approved a $1.6 billion direct loan to support the construction of 65 solar photovoltaic energy mini-grids with energy storage facilities that will power water collection, treatment, and purification systems in four southern provinces in Angola. The project will increase access to... More

News
19 July 2024

Missouri agency now accepting applications for biofuels infrastructure funding

The Missouri Agricultural and Small Business Development Authority announced applications are available for the Biofuel Infrastructure Incentive Program. This program supports an increase in distribution and use of biofuels in the state of Missouri. Funds will be awarded to fuel retailers, fuel... More

News
19 July 2024

EU auditors slam ‘politically driven’ 2030 hydrogen targets

The European Court of Auditors has criticised the European Commission for setting unachievable hydrogen production and import targets for 2030, while praising its swift adoption of the market rulebook, in a new report.In 2020, the EU adopted one of the world’s first hydrogen strategies.... More

Event
Oct 2 - Oct 3, 2024

Asia 2024: Agency, Energy & Infrastructure Finance

Marina Bay Sands, Singapore

A networking super-highway for the agency, energy & infrastructure finance world!

Full details
News
19 July 2024

Rio Tinto appoints new copper chief executive

Rio Tinto has appointed Katie Jackson to lead its copper business, succeeding Bold Baatar, who will become Chief Commercial Officer later this year.Jackson is currently President of National Grid Ventures, responsible for the development and operation of large-scale energy infrastructure assets. She... More

News
19 July 2024

DBSA grants $68m loan to Sosian

South Africa could be among the countries to benefit from geothermal-produced renewable energy from Kenya in the years ahead if the cross-border transmission network in the Southern African Development Community region and power-purchase agreements are put in place.This comes as DBSA has signed a... More

News
18 July 2024

Railpool secures funding from KfW and Credit Agricole

Rail vehicle lessor Railpool has secured €400 million ($436 million) of debt capital to fund the company’s continued growth in June 2024. Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and MLA with Credit Agricole Corporate and Investment Bank as... More

News
18 July 2024

Exxon Mobil consults on carbon capture plans

Exxon Mobil is to hold a series of public consultations on its plans to create a new carbon dioxide pipeline.The company is seeking approval for the Solent CO2 Pipeline Project, which would see a pipe running from its Fawley oil refinery near Southampton to a CO2 storage site under the English... More

News
18 July 2024

JBIC funds Ho Chi Minh City office

JBIC will lend $36 million to Phuong Nam 3A-1 Real Estate Business and Investment to construct an office building near a Ho Chi Minh City metro station.The loan is co-financed by MUFG, taking the total amount to $60 million.Japanese urban developer Tokyu Corporation, which holds an indirect... More

News
18 July 2024

MET Group signs borrowing base facility

Swiss-based energy company Met Group - via Met Sales and Trading Holding - signed a €1.1 billion ($1.2 billion) borrowing base facility on 27 June. The deal, which remained well priced, was scaled back as MET had lower liquidity needs compared with all the existing commitments. The... More

News
18 July 2024

Quantum Graphite eyes US Ex-Im financing

Quantum Graphite and Sunlands Energy have received a non-binding financing proposal from the Export-Import Bank of the United States for up to $300 million.The funding would support mining at Quantum Graphite’s historic Uley mine in South Australia and the production of high-purity graphite in... More

News
18 July 2024

Egyptian urea producers halt output on renewed gas supply disruption

Two leading Egyptian urea producers suspended all production July 16 following renewed gas supply disruption. Producer Kima said it had halted production due to feedstock supply issues, with a source at the company saying: "Unfortunately...gas pressure is not stable enough".Helwan... More