Vast secures approvals for solar methanol project
Vast Renewables and Germany's Mabanaft gain planning consent for the Solar Methanol 1 green methanol plant in South Australia; ARENA's $65 million backing and a German grant for Mabanaft are noted.
Investor · 1 deal
Every published round Mabanaft GmbH & Co. KG took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Vast Solar | Grant | 13 Feb 2023 | $65m | Participant | @AuManufacturing (22 Sep 2023), RenewEconomy (5 Jun 2023), RenewEconomy (16 May 2023), @AuManufacturing (16 May 2023), ARENA, RenewEconomy (13 Feb 2023), @AuManufacturing (13 Feb 2023) |
Companies Mabanaft GmbH & Co. KG has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Vast Solar | 13 Feb 2023, Grant | 1 | 0 |
Fund closes reported for Mabanaft GmbH & Co. KG, as distinct from the investments it has made.
Companies Mabanaft GmbH & Co. KG has backed that another company then bought. An exit for the holding, not a deal Mabanaft GmbH & Co. KG did.
| Name | Role | Sources |
|---|---|---|
| Volker Ebeling | Senior Vice President New Energy, Supply & Infrastructure | @AuManufacturing |
Stories naming Mabanaft GmbH & Co. KG. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Vast Renewables and Germany's Mabanaft gain planning consent for the Solar Methanol 1 green methanol plant in South Australia; ARENA's $65 million backing and a German grant for Mabanaft are noted.
Vast Solar signed a letter of intent with Germany's Mabanaft covering potential offtake and equity in its Solar Methanol 1 plant, while ARENA's approved funding for the VS1 solar thermal project stands.