Latest news with #Oxide
Scottish Sun
30-07-2025
- Scottish Sun
Laughing gas epidemic spreads to Majorca as urgent warning issued over ‘rampant' sale of party drug that scars Brits
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN epidemic of laughing gas abuse is spiralling out of control in Majorca, furious locals have warned. Dealers are flooding the island's party hotspots and leaving Brits at risk of seizures, permanent scars and even death. Sign up for Scottish Sun newsletter Sign up 7 A tourist in Majorca being sold balloons on a night out Credit: Ultima Hora 7 Nitrous Oxide balloons openly being inhaled on the notorious party strip in San Antonio Ibiza where two balloons were €10 Credit: News Group Newspapers Ltd 7 Holidaymaker inhaling balloons on the notorious party strip in San Antonio, Ibiza Credit: News Group Newspapers Ltd 7 Finished balloons litter the street on the notorious party strip in Ibiza Credit: News Group Newspapers Ltd The trade association Acotur says the sale of balloons filled with nitrous oxide is now 'rampant' in Magaluf's infamous Punta Ballena strip and Playa de Palma in the capital. Its president, Jose Tirado, is demanding an urgent crackdown, warning: 'It's totally out of control.' Street dealers are openly targeting tourists with balloons for a fiver a hit – sparking fears the island is going the same way as Ibiza. There, young Brits have been filmed foaming at the mouth, collapsing with seizures, and even scarred for life by the dangerous drug. Mr Tirado said: 'It is inadmissible. We merchants pay our taxes and we see how the mafias take away our customers.' He blasted officials for failing to protect businesses, warning trade has plunged 20 per cent this summer compared to last year. 'We are tired of calling the police and they don't come. In fact, they would have to go with trucks to be able to take the attempted quantities of counterfeits that they sell,' Mr Tirado explained. Police insist they are cracking down, revealing more than 20 operations have been carried out between June and July, with 50 reports filed, numerous items seized, and 23 fines slapped on illegal vendors ranging from €450 to €750. Inside Ibiza 'death hotel' on lockdown after 2 Brits die in a month… as rooftop guards watch tourists & parties banned Lucmajor council added that more than 200 fake items have been confiscated in Playa de Palma raids. But Mr Tirado says the problem has exploded since officials banned laughing gas sales in clubs and bars, pushing the trade onto the streets where gangs operate with 'total impunity'. 'We can't take it anymore,' he fumed. Seizures, scars & street chaos The crisis mirrors Ibiza's notorious San Antonio strip, where determined dealers armed with industrial-sized canisters target young Brits as 'easy prey'. Bartender Katie Mae, 21, who works at Irish pub Shenanigans, said laughing gas is 'the worst of them all.' She told The Sun: 'I'll lecture anyone I see taking it – I've seen the worst things from laughing gas. 'I've seen young lads having seizures on the street and foaming at the mouths, but their friends are high so do nothing to help. 'One girl I saw inhaled gas straight from the canister, and it froze one side of her face. It was all cut up and she would have been scarred for life.' She added: 'The consequences aren't talked about anywhere near enough. People don't take it seriously as a drug – but it's one of the worst.' 7 Dealers in San Antonio are armed with huge canisters that pump out up to 80 hits Credit: News Group Newspapers Ltd 7 Nitrous oxide balloons litter the floor on the notorious party strip in San Antonio Credit: News Group Newspapers Ltd Another Brit working the strip admitted she once sold laughing gas until a customer 'nearly died'. She recalled: 'A young lad fell backwards and smashed his head on the road in the midst of a balloon high. As soon as that happened I stopped. It really freaked me out.' The West End of San Antonio is now littered with colourful balloon scraps, as locals despair over the chaos. Shopworker Angelica Giraldo, 40, said: 'It is everywhere now. And it causes lots of accidents. People take it while driving, but it makes them go crazy and they crash. This happens a lot.' Official crackdowns Despite laughing gas being illegal in Spain, street sellers continue to brazenly peddle it, some even using apps to warn each other when police are near. San Antonio Town Council says it is hiring ten new officers and introducing private security to tackle the scourge. 'The City Council is fully aware that these are only the first steps in a broader transformation process and that there is still a long way to go,' it said. But for locals in Majorca, patience is running thin. Mr Tirado warned: 'This tourist season is not being as good as the previous ones, so the economic problems of the merchants have worsened even more. 'In Majorca we have diesel tourists: they walk a lot and spend little.'
Malaysian Reserve
11-07-2025
- Business
- Malaysian Reserve
Solid Oxide Fuel Cell Market worth $11.61 billion by 2030
DELRAY BEACH, Fla., July 11, 2025 /PRNewswire/ — The global Solid Oxide Fuel Cell Market is anticipated to grow from estimated USD 2.98 billion in 2025 to USD 11.61 billion by 2030, at a CAGR of 31.2% during the forecast period. The Solid Oxide Fuel Cell (SOFC) market is being shaped by rising global interest in clean, efficient, and decentralized energy solutions, driven by the dual pressures of carbon neutrality commitments and energy security concerns. Unlike conventional power systems, SOFCs offer high electrical efficiency, fuel flexibility, and low emissions, making them well-suited for a variety of applications—from residential and commercial power to industrial backup systems and emerging hydrogen infrastructures. As governments and private sector players accelerate the energy transition, supportive policies, research funding, and net-zero strategies are boosting investments in fuel cell technology. Countries in Asia Pacific, North America, and Europe are in charge of pilot projects, commercialization programs, and public–private partnerships focused on deploying SOFC systems at scale. Browse in-depth TOC on 'Solid Oxide Fuel Cell Market' 259 – Tables 60 – Figures 242 – Pages Download PDF Brochure: By type, the planar segment is likely to account for the largest market share during the forecast period. Development of planar SOFCs is driven by their structural advantages and applicability in various stationary and distributed power applications. A planar SOFC is constructed from a flat stack of electrolytes and electrodes, allowing for good heat and mass transfer and increased power density and efficiency rates. Planar SOFCs are easily developed into compact and modular formats, making them viable options for commercial buildings, industrial sites, and combined heat and power (CHP) applications. Residential applications are somewhere in between low-cost, scalable deployments that are common in large-scale utility configurations. Another key growth driver for the planar segment is other recent advancements in ceramic materials, the overall stack design, and sealing materials, allowing for opposite travel, increased durability, and thermal cycling. As also mentioned, the manufacturers of planar SOFCs are focused on designing more cost-effective planar designs while having fuel flexibility with hydrogen and natural gas. The tubular segment in the Solid Oxide Fuel Cell (SOFC) market is gaining traction due to its robust mechanical strength, high thermal stability, and ease of sealing compared to planar configurations. Tubular SOFCs offer excellent resistance to thermal cycling and are less prone to gas leakage, making them suitable for continuous, high-temperature operations. Although they typically have lower power densities than planar designs, their reliability and durability make them ideal for long-term industrial and off-grid applications. By end user, the data center segment is expected to register the highest CAGR during the forecast period. The growth is largely due to the ongoing demand for reliable, efficient, and cleaner power sources to accommodate the growing digital infrastructure. With companies building more data centers to handle increasing internet traffic, cloud computing, and all workloads related to artificial intelligence, a clear push is evident to decrease emissions and increase energy security. SOFCs are a reliable supply of power with lower emissions, which is especially important for data centers that operate 24/7, as any failure from the system means a potential catastrophe. SOFCs use natural gas, biogas, or hydrogen with flexibility while helping organizations reach their sustainability targets. Furthermore, their comparatively small footprint and lower noise profile might make them suitable for urban areas or developing projects in remote locations. As more companies implement green and resilient energy strategies, the SOFC option is becoming an increasingly viable choice for data centers and other operators needing to minimize risk while positioning themselves for the energy future. This is expected to drive spirited growth in the segment over time. By region, Asia Pacific is projected to dominate the market during the forecast period. Countries such as Japan and South Korea are leading the way for SOFC deployment, particularly in residential and commercial combined heat and power (CHP) systems. In Japan, the ENE-FARM program and a supportive national framework for fuel cell uptake in homes have led to widespread SOFC uptake. Additionally, there is a strong supply chain of key players in Asia Pacific that enables the scale-up of manufacturing and deployment of SOFC technology. Hydrogen has strong support as a future fuel source in Asia Pacific, making SOFCs even more appealing as they can run efficiently on hydrogen, natural gas, and biogas. Utility prices are rising, grid stability is becoming an issue, and carbon reduction commitments are being addressed with some investment into SOFCs in residential energy, commercial backup power, and industrial use. Because of the existing policies in place, local capabilities that have been developed, and growing demand for cleaner energy technologies, the Asia Pacific region is leading SOFC development and is likely to continue doing so for the next few years. Key Market Players The Solid Oxide Fuel Cell Market is dominated by major players with a wide regional presence. Some key players in the market are Bloom Energy (US), Mitsubishi Heavy Industries, Ltd. (Japan), AISIN Corporation (Japan), and Kyocera Corporation (Japan). Request Sample Pages: Bloom Energy (US) Bloom Energy (US) is a leading manufacturer and developer of solid oxide fuel cells (SOFCs) marketed under the brand Bloom Energy Servers. These systems generate electricity through electrochemical processes, delivering clean and reliable power to sectors such as technology, logistics, manufacturing, and real estate. The company operates through four key business segments: Product, Installation, Service, and Electricity, with its SOFC systems offered under the Product segment. Bloom Energy Servers are modular units designed for continuous on-site electricity generation. The company's technology is fuel-flexible, capable of utilizing natural gas, biogas, or hydrogen as input fuels. Bloom Energy employs both direct and indirect sales channels and works in collaboration with multiple partners to identify customer leads and support project development. The company maintains a strong operational presence across North America and the Asia Pacific regions. It partners with stakeholders throughout the energy value chain to drive global growth and expand the adoption of fuel cell solutions. Notable clients include AT&T (US), Caltech (US), Delmarva Power & Light Company (US), Equinix (US), and Kaiser Permanente (US). Bloom Energy launched the Hydrogen Energy Servers in recent years, which can deliver hydrogen-powered electricity on-site. These servers use solid oxide stacks. The commercial shipments of these electrolyzers began in 2022. They were tested for five months in Ulsan (South Korea) in collaboration with SK Ecoplant (South Korea). AISIN Corporation (Japan) AISIN Corporation (Japan) is a prominent player in the solid fuel cell market, particularly in the manufacturing and sale of fuel cell cogeneration systems. As a leading global supplier of automotive components and systems, AISIN offers a diverse portfolio that includes transmissions, brakes, drivetrain and chassis components, engine-related parts, and advanced electronic systems. The company operates through five key business segments: Powertrain, Chassis & Vehicle Safety System, Body, Energy Solutions and Others, and CSS and Others. Its Energy Solutions and Others segment is responsible for supplying energy and power solutions, including fuel cell cogeneration systems for residential use (ENE•FARM), gas engine cogeneration systems (COREMO), and gas heat pump air-conditioners (GHP) for industrial applications. AISIN maintains a robust global footprint with over 200 consolidated subsidiaries and approximately 150 production facilities worldwide. Its manufacturing and testing operations span across North America, South America, Asia Pacific, and Europe, with a geographical presence covering Asia, the Middle East & Africa, Europe, and the Americas. AISIN Corporation focuses on residential fuel cell deployment, strategic diversification across energy solutions, and global manufacturing expansion to strengthen its position in the SOFC market. For more information, Inquire Now! Related Reports: Fuel Cell Generator Market Fuel Cell Market Green Hydrogen Market Get access to the latest updates on Solid Oxide Fuel Cell Companies and Solid Oxide Fuel Cell Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA: +1-888-600-6441 Email: [email protected]Visit Our Website: Logo: View original content:
The Hindu
06-07-2025
- General
- The Hindu
KSPCB to submit report on Yelahanka gas plant to Supreme Court this month
The Karnataka State Pollution Control Board (KSPCB) is all set to submit its report on the 370-megawatt (MW) gas-based combined cycle plant in Yelahanka to the Supreme Court in the next few days. The status of the full-time operation of the plant will depend on the judgement of the Supreme Court. After many legal hurdles, the plant operated by Karnataka Power Corporation Limited (KPCL) was granted permission by the apex court to function for a trial period of six months from the date of commissioning. At this time, KSPCB was instructed to monitor the air and noise pollution levels in the vicinity of the plant. The six-month period came to an end in May 2025, officials said. 'We have continuously monitored Nitrogen Oxide, Sulfur Oxide, Particulate Matter (PM) levels and other parameters over the last six months. Before the plant was commissioned, we had taken a baseline measurement of these parameters and later we measured them while the plant was functional. We will compare the two in our report,' said a senior official from KSPCB. The official further said, 'KPCL also has a continuous ambient air monitoring system in the plant. We have compared our data with their data, too. The report will be comprehensive with all of these comparisons. In the last month, we have almost finished our work on the report, and in the next few days, we will be handing it over to the legal cell which will then submit it to the court.' The commissioning of the plant was delayed for several years for multiple reasons including the case filed by the Yelahanka Puttenahalli Lake and Bird Conservation Trust (YPLBCT) alleging violation of environmental norms. In November 2023, the apex court gave its nod for the trial period. The plant was formally inaugurated by Chief Minister Siddaramaiah in September 2024. K. S. Sangunni, chairperson of the YPLBCT, said that although six months have passed, they have received no information from KPCL or KSPCB regarding the pollution levels. 'The problems that we had brought up continue to persist causing inconvenience to those living nearby. We are awaiting information regarding when the report will be submitted to the court,' he said. In the meantime, KPCL officials said that the plant has been operating, and all the necessary parameters are being monitored. The plant has so far generated 922.784 million units (MU) of electricity. To curb noise pollution During the inauguration of the plant, Mr. Siddaramaiah assured the residents nearby that the noise pollution concerns raised by them will be addressed efficiently. KPCL officials said that their noise mitigation measures are nearing completion. 'We have installed acoustic louvers and acoustic barriers in the cooling tower and steam vents. This has significantly reduced the noise levels at the plant. The work has been completed over 90%,' an official said.
Yahoo
09-06-2025
- Automotive
- Yahoo
Electric Truck Market worth $32,133.4 million by 2032
DELRAY BEACH, Fla., June 9, 2025 /PRNewswire/ -- The electric truck market is estimated at USD 5,247.2 million in 2025. It is projected to grow at a CAGR of 29.5%, reaching USD 32,133.4 million by 2032, according to a new report by MarketsandMarkets. The electric truck market is swiftly evolving as governments and fleets push for cleaner freight solutions. With prominent players such as AB Volvo and BYD rolling out models for urban delivery and long-haul routes, adoption is accelerating. For instance, in September 2024, AB Volvo launched a new electric truck with a 372-mile range per charge designed for long-haul transport. The model uses advanced battery technology to improve operational efficiency and reduce emissions. Incentives, emission targets, and expanding charging networks are further making electric trucks more practical. Light-duty models are leading adoption in cities, while medium- and heavy-duty segments are gaining momentum. As infrastructure and battery technology improve, electric trucks are poised to reshape global commercial transport. Download an Illustrative overview: Browse in-depth TOC on "Electric Trucks Market" 120 - Tables124 - Figures384 - Pages Lithium-Nickel-Manganese-Cobalt Oxide is expected to be the largest and fastest growing segment. The electric truck market, by battery type, is dominated by the Lithium-Nickel-Manganese-Cobalt Oxide (NMC) battery. Leading manufacturers such as Ford, Scania, and Rivian integrate NMC batteries into their vehicles to optimize performance and range. These batteries have a higher energy density than Lithium Iron Phosphate (LFP) batteries. Additionally, the declining cost of NMC batteries has brought them closer to price parity with LFP batteries, enhancing their market appeal. While LFP batteries are gaining traction, mainly due to their longer lifecycle, the adoption of NMC batteries is expected to rise significantly, particularly across European and North American markets, driven by performance requirements and energy density advantages. As OEMs expand electric truck offerings across various duty cycles, battery chemistry selection is becoming increasingly application specific. NMC batteries, with their compact size and high-power output, are well-suited for long-haul and heavy-duty operations where space and energy demands are critical. Conversely, LFP batteries are preferred in short-haul, urban, and light-duty applications due to their lower thermal risk and extended cycle life. Manufacturers are also investing in flexible battery platforms to accommodate both chemistries, ensuring adaptability across diverse fleet requirements. This dual-chemistry strategy is expected to drive innovation and competitiveness in the electric truck battery ecosystem. Heavy-duty trucks are anticipated to secure a leading market position. By type, heavy-duty trucks are emerging as the most influential segment in the electric truck market, driven by the global push to decarbonize long-haul and high-load freight transportation. These trucks are central to logistics and industrial operations, which contribute disproportionately to carbon emissions. Despite accounting for less than 20% of vehicle sales, medium- and heavy-duty trucks contribute nearly 40% of transport-related greenhouse gas emissions. This imbalance has compelled policymakers, particularly in North America and Europe, to mandate electrification across high-emission commercial fleets. Government frameworks like California's Advanced Clean Trucks (ACT) regulation and Canada's 2040 zero-emission target for MHDVs have fueled OEM investment, accelerated innovation, and increased deployment of electric heavy-duty trucks. Modern heavy-duty electric trucks now rival diesel counterparts in both performance and range. For instance, the Tesla Semi, with a battery capacity of 900–1000 kWh, offers a range of up to 500 miles and supports Class 8 logistics applications. Similarly, Freightliner's eCascadia, launched by Daimler Truck North America, provides a 200–250-mile range and is used for regional haul and intermodal operations. Volvo's VNR Electric, with a 565-kWh battery pack, offers a range of up to 270 miles and targets heavy-duty urban distribution. These models illustrate how manufacturers are integrating high-capacity batteries and advanced propulsion to serve long-haul, last-mile, and intercity freight demand. Fleet operators increasingly favor these trucks due to the reduced total cost of ownership (TCO), resulting from savings in fuel, maintenance, and emissions compliance. PepsiCo, for example, began deploying the Tesla Semi to fulfill long-haul logistics in the US, helping the company meet its sustainability commitments with zero tailpipe emissions. As infrastructure scales and regulations tighten, heavy-duty trucks are set to remain pivotal to commercial EV adoption globally. The European electric market is projected to grow significantly. France, Germany, the Netherlands, Norway, Sweden, and the UK are core markets under the European electric truck landscape. The region is governed by stringent emission regulations, with national governments actively incentivizing the electrification of transport. Policies such as tax exemptions, vehicle purchase subsidies, and infrastructure funding have collectively accelerated the shift toward electric trucks. Countries like Germany and the Netherlands have also introduced aggressive clean mobility programs that align with the EU Green Deal and Fit for 55 climate targets, impacting transport emissions and market expansion. In 2024, Daimler Truck AG announced a substantial investment into its European e-mobility segment, launching next-generation electric variants such as the Mercedes-Benz eActros 600, which offers over 300 miles of real-world range. Similarly, Volvo Trucks scaled production of its FH Electric and FM Electric models across its Gothenburg and Ghent plants, with confirmed orders from logistics giants such as DFDS and DHL. Furthermore, Europe is home to the world's leading electric truck manufacturers, including AB Volvo, Mercedes Benz Group AG, and Scania AB. These OEMs are driving innovation in electric powertrain technologies, battery integration, and range performance, positioning the region at the forefront of electric truck production. As manufacturers expand their electric truck portfolios to include light, medium, and heavy-duty variants, fleet operators across logistics, construction, and municipal sectors are increasingly adopting battery-electric alternatives. This well-established industrial base provides the technological foundation and supply chain efficiency needed to scale adoption. To ensure a smooth transition, European governments are heavily investing in public and private charging infrastructure while continuing to offer long-term support for vehicle electrification. Funding mechanisms under the EU Recovery and Resilience Facility, as well as national climate programs, are prioritizing clean transport projects. With policy alignment, OEM leadership, and improved environmental awareness, the electric truck market in Europe is set for sustained and robust growth. Key Market Electric Truck Industry: Prominent players in the Electric Truck Companies include as BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Dongfeng Motor Corporation (China), and Rivian (US). Get 10% Free Customization on this Report: This report provides insights on: Analysis of Key Drivers (declining battery costs, extended electric truck range, government initiatives for commercial vehicles, elevated demand for electric trucks in logistics and commercial sector), Restraints (high initial investment for production, lack of EV charging infrastructure, extended charging duration), Opportunities (development of self-driving truck technology, rapid development in fuel cell technology), and Challenges (insufficient standardization of EV charging infrastructure and low availability of lithium for EV batteries) influencing the growth of the electric truck market Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the electric truck market Market Development: Comprehensive information about lucrative markets – the report analyzes the electric truck market across varied regions Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric truck market Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BYD (China), AB Volvo (Sweden), Ford Motor Company (US), Rivian (US), Dongfeng Motor Corporation (China), among others in the electric truck market Related Reports: Electric Scooter and Motorcycle Market Electric Vehicle Market Electric Commercial Vehicle Market Get access to the latest updates on Electric Truck Companies and Electric Truck Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
Cision Canada
06-05-2025
- Business
- Cision Canada
Exterra Carbon Solutions Raises $20M Series A to Transform Mining Waste into Low-Carbon Critical Minerals & CO2 Sequestration Français
MONTRÉAL, May 6, 2025 /CNW/ - Exterra Carbon Solutions (Exterra), a Canadian cleantech innovator transforming legacy mining waste into high-value, sustainable materials, today announced the closing of a CAD $20 million Series A financing round. The round was co-led by Clean Energy Ventures and BDC Capital, with the participation of the Government of Quebec, Investissement Quebec, MOL Switch, and Kinetics, a Karpowership initiative. This financing will enable Exterra to accelerate the integration of the mining industry into the circular economy and bring its total raised investment to CAD $32 million. Exterra's commercialization strategy centres on its upcoming Hub I project, scheduled to begin construction in 2027, in Quebec. Hub I will become the world's largest asbestos mitigation plant, with an annual capacity to process over 300,000 tonnes of asbestos mine tailings (AMT) annually. The facility will fully destroy any remaining asbestos fibres and enable the rehabilitation of mining sites. The company has derisked its technologies through pre-commercial pilot operations in Val-des-Sources, Quebec, and aims to be the first company globally to commercialize carbon-neutral mineral production from mine tailings. After the inauguration of Hub I, which is set to become one of the largest mine residue valorization initiatives in North America, Exterra aims to integrate key pieces of its technologies into larger-scale mining and mineral processing applications internationally. This includes areas such as acid recycling, mineralization of emissions, and beyond. The Dual Core of Exterra's Waste-to-Value Processes Exterra's technology platform consists of two distinct yet complementary processes: the Low-carbon Oxide from Waste (LOW TM) process produces low-carbon metal oxides (like magnesium oxide) alongside valuable by-products; and the Reactive Oxide to Carbonate (ROC TM) process leverages these low-carbon oxides to permanently mineralize CO₂ in a single step, without the need for carbon capture, creating substantial market opportunities. These breakthrough technologies are the first to produce carbon-neutral magnesium oxide by converting AMT into valuable minerals. Leveraging Quebec's low-carbon hydroelectric grid, Exterra's process also generates high-demand co-products including nickel concentrate used for batteries in electric vehicles and amorphous silica used for low-carbon building materials. With a regional supply capacity of up to 800 million tonnes of AMT, the Province has the potential to become the leading producer of advanced battery materials for electric vehicles derived from mine tailings, thereby developing one of the shortest nickel supply chains for transportation electrification. A recent pre-purchase agreement with Frontier Climate for carbon removal applications further validates the market potential of Exterra's low-carbon magnesium oxide, demonstrating a compelling story of environmental benefit and financial value. Exterra's strategic partnerships further underscore its market-leading approach. Its collaboration with BASF, Énergir, WSP, and Winsome Resources aims to accelerate technology adoption and bolster business opportunities in carbon mineralization. As part of this financing round, Clean Energy Venture and BDC Capital will gain seats on Exterra's board of directors. Quotes "Exterra pioneers a revolutionary approach to transforming mining waste into valuable low-carbon products and solutions. With this funding, we'll accelerate commercializing our dual-pronged platform that valorizes over 90% of minerals from asbestos residues while creating one of the shortest nickel supply chains for EV electrification in North America. This Series A marks a pivotal moment as we move toward commercial operations and demonstrates how mining can enable an equitable, sustainable net-zero future." — Olivier Dufresne, CEO of Exterra. "Exterra represents the future of responsible circular resource utilization. It's rare to see a process like Exterra's which can transform environmental liabilities into valuable assets through an innovative, scalable technology replicable globally. Along with our co-investors, we are excited to support the company's growth as they scale this critical technology." — Daniel Goldman, Co-Founder and Managing Partner at Clean Energy Ventures. "Finding new ways to mine critical minerals is essential to the energy transition. Exterra's technology converts asbestos tailings, an abundant resource in Canada, into minerals such as magnesium oxide that is used to sequester carbon, nickel that is used in making batteries, and silica that is used in building materials. That's exactly the type of innovative, impactful company that BDC Capital wants to support."— Pascal Lanctot, Partner at BDC Capital's Climate Tech Fund. "We are working hard for Quebec to become a carbon-neutral state by 2050. To achieve this, we must adopt new technologies that will help decarbonize our industries. It is thanks to the innovative capacity of our companies and circular economy projects, like those developed by Exterra, that we will succeed."— Christopher Skeete, Minister Delegate for the Economy, Minister Responsible for the Fight Against Racism and Minister Responsible for the Laval Region "With this new $2 million investment from our own funds in Exterra, Investissement Québec reaffirms its commitment to supporting the growth of local companies that contribute to decarbonizing our economy. Exterra, which offers an innovative and carbon-neutral solution to valorize mining residues and sequester carbon, is a prime example of an innovative start-up with high potential that participates in developing Quebec's expertise in this field, while promoting the circular economy."— Bicha Ngo, President and CEO, Investissement Québec "Exterra's breakthrough approach to turning mining waste into valuable, carbon-neutral materials aligns seamlessly with Kinetics' mission to accelerate the energy transition and decarbonize the global power sector. At Kinetics, we focus on advancing technologies that can transform the energy industry through innovative low-carbon solutions. By backing pioneers like Exterra, we are not only enabling the decarbonization of carbon-intensive industries but also helping shape a cleaner, more resilient energy landscape."— Mehmet Katmer, General Manager, Kinetics, A Karpowership Initiative. About Exterra Carbon Solutions Exterra Carbon Solutions is a Canadian cleantech waste-to-value leader based in Quebec, Canada. The company specializes in transforming legacy mining waste into sustainable, low-carbon critical minerals and CO₂ sequestration solutions. Leveraging its proprietary LOW™ process to produce low-carbon metal oxides and valuable by-products, alongside the ROC™ process to permanently mineralize CO₂, Exterra redefines sustainable mineral production. Exterra has been awarded the prestigious 2024 Carbon Capture Canada Award in the CCUS First Adopter Award category last September. For more information, please visit About Clean Energy Ventures Clean Energy Ventures (CEV) advances global climate solutions by backing exceptional leadership teams and game-changing technologies as they transform into market leaders that can mitigate 2.5 gigatons of CO2e by 2050. The CEV team harnesses decades of energy and climate tech operational experience to actively accelerate the commercialization of our portfolio companies. Founded in 2017, CEV manages over $415 million in assets and has funded 30 early-stage companies across North America, Europe, and Israel. For more information, visit About BDC Capital BDC Capital is committed to supporting innovative Canadian companies in their formative phase by backing them with a full range of capital solutions and advice to accelerate their scaling journey. By collaborating closely with the ecosystem, it is creating the space for innovators to grow and succeed. For more information on BDC Capital's solutions, visit About MOL Switch Mitsui O. S. K. Lines, Ltd. (MOL) is a global corporate group that develops various social infrastructure businesses centering on ocean shipping with approximately 900 vessels. The group also engages in the development of oil and natural gas reserves, terminal and logistics businesses connecting sea and land, and wind power and associated businesses. The MOL Group aims to be a strong and resilient corporate group, improving daily life for people around the world, opening up bright new horizons and providing new value to all stakeholders. Learn more at About Kinetics Established in 2024, Kinetics, a Karpowership initiative, is an energy company dedicated to cleaner, flexible energy systems. It specializes in the building, development, delivery, and leasing of floating LNG assets and renewable energy platforms, including battery energy storage systems (BESS), tailored to meet the evolving needs of utilities, governments, and independent power producers. With a commitment to innovation, sustainability, and impact, Kinetics is redefining how energy infrastructure is deployed and accessed in a decarbonizing world.
