Decarb Weekly 11/2/23

Decarb Weekly, by Industria Partners, is a collection of articles focusing on trends and transactions in industrial decarbonization and climate tech. 

Chart of the Week: 

The value of renewable M&A deals in the three-months ended September fell for the third straight quarter, reaching the lowest since the start of 2022 – BTU Analytics

Recent Market News:

• Denmark’s offshore wind energy giant, Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. Offshore wind developers are quoting soaring interest rates and the lack of new tax credits for impairments. – Reuters

Transactions:

• 11/1/23: Ramaco Resources has acquired commercial development rights for for a coal-to-products process. The patented process uses coal as feedstock to help create vehicle batteries, construction and infrastructure materials, and a wide range of consumer products. – Business Wire
• 10/31/23: Sumitomo Corporation has acquired a significant equity interest in the East Calgary Carbon Transportation & Sequestration Project, a proposed CO2 transportation and sequestration development project. – Gas World
• 10/27/23: Climate Robotics, a company pursuing carbon sequestration approaches powered by artificial intelligence and robotics has raised a $20 million round of venture funding. – S&P Global Markets

In-depth Read:
Engineers develop an efficient process to make fuel from carbon dioxide – MIT News

Podcast:
Tackling the tough stuff: steel, cement and chemicals – Carbon Copy | Canary Media

Industria Partners provides focused strategic advisory services to industrial, climate, infrastructure, and energy companies at every point across the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients.