UKEF has backed a British Steel contract to supply rail for a new high-speed electric railway in Turkey. The ECA has underwritten around €781 million (£680 million) of financing to support construction of the 286km railway. The manufacturer will deliver tens of thousands of tonnes of... More

US Ex-Im has lacked a clear strategy for growth in Africa as trade the lender is meant to support has waned over the last decade, according to an audit by the inspector general.The US ECA “had not successfully expanded its performance” in sub-Saharan Africa, Michael Ryan, assistant... More

Qatar Investment Authority and Bpifrance will increase the size of their investment partnership by as much as €300 million (over $325 million).Through the Future French Champions JV, the first phase of this partnership completed in 2021 has facilitated investments totalling almost €300... More

EBRD is lending €236 million (over $256 million) to Armenia to finance the construction of the southern section of the Sisian-Kajaran road.This is the largest road infrastructure project ever financed by the EBRD in Armenia. It was previously complemented by technical cooperation funding... More

The Korean government has launched all-out efforts to help restructure the country's petrochemical firms that have been groaning under China’s price war.The Ministry of Trade, Industry and Energy launched a task force to increase the competitiveness of the Korean petrochemical industry... More

Plug Power is set to receive a $1.66 billion loan guarantee from the US Department of Energy, which would be used to develop and construct up to six new green hydrogen projects across the country utilising the company’s own PEM electrolysers.The yet-to-be-finalised loan guarantee would enable... More

UKEF is supporting a £750,000 Virgin Money financing to Scottish shortbread manufacturer Dean’s of Huntly.The ECA helped to secure the financing with a guarantee offered through its General Export Facility. The family-owned business already exports to markets like Germany, the US,... More

The Australian government has announced a new Hydrogen Production Tax Incentive (HTPI) that will pay developers A$2 ($1.32) per kilo of green H2 over a ten-year period, starting from 2027.This is less than half as generous as the similar US hydrogen production tax credit, which offers up to $3/kg... More

A group led by Japanese trading house Itochu is nearing an agreement to buy green ammonia from Hive Hydrogen South Africa, a $5.9 billion project that could make the country a global leader in producing the fuel.Hive Hydrogen may start output of green ammonia – which could be utilised as a... More