Decarb Weekly (October 13, 2022)

October, 2022|By Tim Troha

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:

Lithium Demand: 2018 Forecast vs. Reality. – iLiMarkets

Recent Market News:

Global copper demand for alternative energy sources is expected to jump from 2.1M tonnes in 2020 to 4.3M tonnes in 2030. Copper demand for electric vehicle charging alone is expected to rise more than 1000% by 2030. – Mining.com
Houston-based Occidental Petroleum Corp plans to accelerate its direct air capture (DAC) program to include as many as 135 sites thanks to tax incentives provided by the Inflation Reduction Act. Occidental hopes the DAC plants will enable the company to continue its oil production. – Darren Barbee on Hart Energy
A report by Credit Suisse noted that many of the tax credits in the Inflation Reduction Act are uncapped, suggesting that the IRA’s total spending on climate is likely to be more than $800 billion. This increased federal expenditure could send total climate spending to roughly $1.7 trillion over the next ten years. – Robinson Meyer on The Atlantic

Transactions:

10/4/22: Brookfield Renewables plans to invest $550 million in LanzaTech, a Chicago-based company that converts industrial carbon emissions into sustainable fuels and inputs for textile, rubber, and packaging. The investment will help support corporate development and increased production in Europe and North America. – ImpactAlpha
10/7/22: Tenex Capital Management announced the partial realization of its investment In Unirac Inc. through a growth capital investment from Greenbelt Capital Partners. Unirac is a leading designer and manufacturer of solar mounting solutions for commercial and residential markets. – Businesswire