Infinium scores a bil

OCI Global has entered into a binding equity purchase agreement to sell 100% of its Global Methanol Business to Methanex Corporation for a total consideration of USD 2.05 billion on a cash-free and debt-free basis.
The transaction will be financed through approximately $1.15 bn in cash and 9.9 million shares of Methanex, allowing OCI to become a 13% shareholder in Methanex.
The transaction is expected to close in the first half of 2025, pending regulatory approvals and OCI shareholder approval.
Proceeds will be used to reduce OCI's gross debt and return capital to shareholders, alongside proceeds from other announced divestitures expected to total ~$11.6 bn.
Methanex will acquire OCI Methanol's assets, which include 100% of OCI's US and European methanol facilities.
The sale includes an indirect 50% stake in the Natgasoline LLC joint venture, subject to a lawsuit resolution.
OCI Methanol has significant production capabilities, including a facility in Texas with an annual capacity of 910,000 tonnes of methanol.
OCI's HyFuels business focuses on producing and distributing green methanol and other renewable fuel alternatives.

Infinium and Brookfield Asset Management announced a strategic funding partnership to accelerate the growth of Infinium's ultra-low carbon eFuels platform.
Brookfield committed to invest over $200 million in Infinium and an additional up to $850 million for other Infinium eFuels projects globally.
The first investment is from the Brookfield Global Transition Fund I and marks Brookfield's first direct investment in sustainable aviation fuel.
Infinium eFuels can reduce lifecycle greenhouse gas emissions by approximately 90% compared to conventional fuels.
The company’s Project Roadrunner in West Texas is focused on scaling eSAF production to fulfill aviation industry demands.
Infinium eSAF is produced through a proprietary process that uses water, waste CO2, and renewable energy.
eFuels serve as "drop-in" replacements for fossil-based fuels, requiring no changes to existing engines or infrastructure.
Infinium has secured a deal with American Airlines for the purchase of commercial volumes of eSAF starting in 2026.

Five Point Energy LLC has closed Five Point Energy Fund IV LP with approximately $1.4 billion in capital commitments.
Fund IV exceeded its target of $1.25 billion and was oversubscribed.
Five Point Energy focuses on environmental water management, surface management, and sustainable infrastructure sectors.
The firm targets equity investments up to $1 billion and manages approximately $6 billion across multiple investment funds.

MCJ has closed its second fund with total capital commitments of $80.6M, raising total assets under management to over $115M.
The fund is dedicated to supporting startups that drive energy transition and address climate change impacts.
Investments focus on solutions that strengthen infrastructure and meet growing power demands sustainably.
Recent investments include companies in battery storage, carbon removal, nuclear development, water-risk intelligence, and green infrastructure software.

The DOE announced an investment of up to $430 million for 293 hydroelectric improvement projects across 33 states.
These projects aim to enhance hydropower facilities that have been in operation for an average of 79 years.
The funding is part of the Investing in America agenda, administered by the Department of Energy under the Grid Deployment Office and funded by the Bipartisan Infrastructure Law.
The initiative focuses on improving dam safety, enhancing grid resilience, and protecting existing jobs in the hydropower sector.
Hydropower accounts for nearly 27% of the United States' renewable electricity generation and 93% of all utility-scale energy storage.
The selected projects include upgrades to turbines, generators, and control systems, as well as improvements to aging infrastructure for dam safety.

Energy Capital Partners has acquired a majority interest in PROENERGY Holdings from affiliates of Eos Partners and ACON Investments.
PROENERGY operates a 2.4 GW fleet of contracted peakers in Texas and provides maintenance services for the GE turbine fleet.
The company serves as an original equipment manufacturer and offers turnkey engineering and construction services for gas power generation.
PROENERGY aims to capitalize on growing electricity demand and the need for new aeroderivative turbines to address intermittency in U.S. power markets.
With ECP's partnership, PROENERGY plans to expand its platform, pursue growth opportunities, and maintain its reputation for performance and customer cost efficiency.

Hydrogen startup C-Zero has raised $5 million of an $18 million funding round according to an SEC filing.
The company is developing a method to extract hydrogen from methane without emitting carbon dioxide.
The resulting hydrogen can be used in industries such as ammonia, petrochemical production, transportation, and steel production.
The solid carbon waste product from the process can potentially be reused in applications like asphalt and lithium-ion batteries.
In 2022, C-Zero raised a $34 million round, valued at $124 million post-money.
The current funding round, led by Energy Capital Ventures, is considered a Series A extension and shows a realistic approach following the previous large funding.
C-Zero aims to secure strategic partners during the second close anticipated this fall.

ENGIE New Ventures has invested in the Paris-based startup CarbonX to scale the early market for permanent carbon removals.
The investment is supported by a collaboration agreement with ENGIE’s Global Energy Management & Sales to offer CarbonX's solutions to a broad customer base.
CarbonX aims to enhance market intelligence, procurement, finance, and risk management for buyers.

6K has closed $82 million as part of its Series E funding round aimed at expanding production capabilities.
The funding was primarily from insider investors including Anzu Partners, Energy Impact Partners, LaunchCapital, Material Impact, and Volta Energy Technologies.
This capital will help scale up production for battery cathode active materials and additive manufacturing metal powders.