Ford-backed Ni plant seeks $2.7B in financing
Zhejiang Huayou Cobalt Co. is scouting out banks seeking around $2.7 billion in financing for a Ford-baked nickel plant project in Indonesia.
Huayou, Ford, and Indonesian miner PT Vale collaborated to make battery-grade nickel for electric vehicles. China-based Huayou is working with HSBC Holdings Plc and Standard Chartered Plc to arrange the $2.7 billion loan. Bloomberg sources stated that HSBC and Standard Chartered are inviting other banks to finance Huayou and Ford’s battery-nickel facility in Southeast Sulawesi.
Indonesia is responsible for over half of the world’s nickel output, putting it in a strong position for negotiations with automakers. The Indonesian government has been wooing foreign investors to expand its domestic processing industry. Besides Ford, Tesla and Stellantis have considered investments in Indonesia to secure nickel supplies.
In 2023, Ford announced a partnership with two other entities to construct a nickel processing facility in Indonesia.
“This framework gives Ford direct control to source the nickel we need – in one of the industry’s lowest-cost ways – and allows us to ensure the nickel is mined in line with our company’s sustainability targets, setting the right ESG standards as we scale.
“Working this way puts Ford in a position to help make EVs more accessible for millions and to do it in a way that helps better protect people and the planet,” said Lisa Drake, VP of Ford Model e EV industrialization.
If you have any tips, contact me at [email protected] or via X @Writer_0100110.
The post Ford-backed Ni plant seeks $2.7B in financing appeared first on TESLARATI.
Source: https://www.teslarati.com/ford-nickel-plant-indonesia-2-billion-financing/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.