Green Markets is a daily series dedicated to highlighting events of interest that could impact investments within environmental markets.
Biofuels/Chemicals
ADNOC has raised its stake in Fertiglobe to 86.2%, enhancing its strategy for low-carbon ammonia development. This acquisition will enable Fertiglobe to increase its ammonia capacity from 1.6 mtpa to 8.6 mtpa as ADNOC is transferring its previous project ownership stakes to them. Fertiglobe has also secured a €397 million renewable ammonia offtake contract to Europe.
Bahía Energía Group plans to invest around $200 million to establish Argentina's first SAF plant in Buenos Aires, alongside a bioethanol facility. The project, managed by its subsidiary Biosanfe, will create an industrial complex to produce biofuels, including ethanol, SAF, and biomethanol from corn.
Related Stock List(s): Biofuels & Chemicals Stocks
Carbon Capture
Japan Petroleum Exploration (JAPEX), along with Idemitsu Kosan and Hokkaido Electric Power (HEPCO), has initiated the engineering design phase for a carbon capture and storage (CCS) project in Tomakomai, Hokkaido. The facility is projected to be operational by 2030. JAPEX will design the pipeline and storage systems, aiming to store 1.5 to 2 million tons of CO2 annually by 2030.
Related Stock List(s): Carbon Capture Stocks
Electric Vehicles
Tesla has received approval from German authorities to begin the first stage of expanding its Gigafactory near Berlin, which will include new infrastructure for storage, battery cell testing, and logistics. The expansion is part of Tesla's plan to double the plant's capacity from 500,000 to 1 million vehicles annually.
EV chipmaker Wolfspeed Inc. is set to receive $750 million in government grants from the U.S. Commerce Department to build a new silicon carbide wafer manufacturing plant in North Carolina, as part of the Chips and Science Act. Investment funds led by Apollo Global Management and others will provide an additional $750 million in financing.
Related Stock List(s): Electric Vehicle Stocks
Energy Efficiency
Lyten has announced plans to build the world’s first lithium-sulfur battery gigafactory near Reno, Nevada, with an investment exceeding $1 billion. Once operational, the facility will have a production capacity of up to 10 GWh of lithium-sulfur batteries annually. The gigafactory will manufacture cathode active materials and lithium metal anodes, fully assembling lithium-sulfur cells using locally sourced materials, thus eliminating the need for mined minerals like nickel and cobalt. Scheduled to begin operations in 2027.
Related Stock List(s): Energy Efficiency Stocks
Hydrogen
Petrobras is set to build its first pilot plant for renewable hydrogen production at the Vale do Açu Thermoelectric Plant in Brazil. The project, with a budget of R$90 million ($16 million), will be conducted in partnership with the Senai Institute for Innovation in Renewable Energy and executed by WEG, a leading Brazilian electrification company. Expected to begin operations in the first quarter of 2026.
Uniper has signed a nine-year Power Purchase Agreement (PPA) with an international industrial gas producer to supply green energy, starting with 25 GWh annually in 2025 and increasing to 75 GWh by 2027. Uniper, committed to achieving carbon neutrality by 2040, plans to modernize its facilities and invest in renewable energy sources while expanding its gas portfolio to include green gases like hydrogen and biomethane.
Related Stock List(s): Hydrogen Stocks
Liquified Natural Gas (LNG)
TotalEnergies plans to approve an LNG import terminal in Mozambique next year, aiming to alleviate potential gas supply issues for South Africa. The Matola project is expected to begin gas shipments by the end of 2027, coinciding with the expiration of gas supplies from Sasol’s fields in Mozambique. The terminal will have a capacity of 2.5 million tons of LNG annually. A final investment decision is anticipated by the second quarter of 2025, with ongoing discussions among stakeholders, including Sasol and Eskom, to secure supply contracts.
Related Stock List(s): LNG Stocks
Nuclear Energy
Japan’s Chugoku Electric Power is set to restart the Shimane No. 2 nuclear reactor in early December, following its shutdown in 2012 due to the Fukushima disaster. The reactor will be connected to the grid by the end of December and is expected to enter commercial operations in January 2025. Additionally, Tohoku Electric Power’s Onagawa No. 2 reactor is also expected to restart by the end of October.
Rosatom, Russia's state nuclear energy corporation, is planning a significant expansion of its nuclear power generation capacity through 2045, with a strategic development plan to be presented in 2025. The company’s CEO announced the goal of adding 28.5 GW of new capacity by 2042.
Related Stock List(s): Nuclear Energy & Uranium Stocks
Investment Funds
BNP Paribas Asset Management (BNPP AM) has raised €280 million for its BNP Paribas European Junior Infrastructure Debt Fund II, which focuses on financing energy transition and green mobility projects in continental Europe. Its first investment involved funding the development of 1.5 GW of solar energy assets in Italy. BNPP AM aims to raise over €750 million from institutional investors for this initiative, building on the success of its previous fund.