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Eni completes investment in Canadian battery-materials firm NMG

This article was originally posted on Chemical Engineering Online.
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Summary
Eni S.p.A. has closed a US$70 million equity investment in Nouveau Monde Graphite (NMG), a Canada-based natural graphite and advanced battery materials company listed on the TSX and NYSE. The stake, completed as part of a broader financing round, supports NMG’s growth plans in battery materials and aligns Eni more closely with the electric-vehicle supply chain.

What impact do you think oil and gas majors investing in battery materials—like Eni’s move with NMG—will have on the pace and security of North America’s EV supply chain?

Eni S.p.A. (Rome, Italy) announced the closing of the equity investment in Nouveau Monde Graphite Inc. (NMG), a Canadian company listed on the Toronto Stock Exchange and the New York Stock Exchange, operating in the natural graphite and advanced battery materials industry. Eni has subscribed for an investment of US$70 million, as part of a […]

The post Eni completes investment in Canadian battery-materials firm NMG appeared first on Chemical Engineering.

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