Decarb Weekly 9/12/24

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: 

Green, sustainable, and sustainably linked debt, by industry – Citi

Recent Market News:

• The EU is set to open a swath of new lithium mines taking European mine supply from virtually zero to 58,000 tons of lithium-carbonate equivalent a year by 2034. – WSJ
• Carbon capture marketplace startup, Nori, announced that it is officially shutting down. Nori CEO Matt Trudeau cited ‘the challenges of a stagnant Voluntary Carbon Market and tough funding environment’ as the reason for the close. – Carbon Herald

Transactions:

• 9/12/24: Standard Chartered is providing debt financing to UNDO, an enhanced rock-weathering project developer. – WSJ
• 9/5/24: Mantel Capture, a carbon capture startup using molten borates, announced $30 million in Series A funding. – BusinessWire
• 9/3/24: Carbyon, a direct air capture startup, has raised €15.3 million. – Carbyon

In-Depth Read:
50 by 2050 List (companies that have strong potential to drive carbon reduction over the next 25 years) – Congruent Ventures

Podcast:
The next stage of the IRA: permitting reform – The Energy Gang
 

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.