GreenRock Eco Ventures Corp. (ISIN: CA3953911052) (CUSIP: 395391105) (WKN: A3C57A) ("GreenRock" or "the Company"), a British Columbia (BC) based investment group focused on sustainable investment strategies and projects, today announced that it is significantly expanding its holdings in the international commodities market.\nIn addition to existing holdings in helium and hydrogen, the Company is now expanding its holdings in lithium, a valuable and globally necessary resource.
The company announced that lithium and its place in the field of technological advancement and sustainability will continue to increase in value, partly due to its versatile applications.
Initially, lithium was mainly used for portable devices with high energy requirements, for which conventional nickel-cadmium or nickel-metal hybrid batteries were too heavy and too large. Thus, for devices such as cell phones, tablets, digital cameras, notebooks and more, a more efficient and powerful alternative had to be found: namely, lithium. The country with the world's highest mining of this important raw material is Australia, with around 51,000 tons per year.
As saline brine is pumped out during the mining of lithium, the groundwater level of the respective mining area drops. This undoubtedly represents a huge intervention in the environment of the corresponding region.
To significantly reduce the environmental impact of lithium mining, the Chilean lithium mine does not use chemicals to dissolve the lithium. By not using chemicals, no unusable heavy metals get into the groundwater of the region in question and therefore do not endanger the drinking water safety of the local people. It is one of only a few lithium mines in the world to use the new and less environmentally damaging extraction process.
GreenRock Eco Ventures Corp. (ISIN: CA3953911052 / CUSIP: 395391105 / WKN: A3C57A)
GreenRock is a global investment group based in Vancouver, Canada. GreenRock's main focus is on investments in sustainable commodities, companies and projects. Also on the foundation of own companies and projects with significant sustainability aspects through the in-house incubator GRi (GreenRock Incubator).
Contact Person:
Investor Relations:
Phone: +800 – 5263 5263
E-Mail: ir@greenrock-group.com Homepage: www.greenrock-group.com
GreenRock Eco Ventures Corp. ("GreenRock" or "the Company"), a British Columbia (BC) based investment group focused on sustainable investment strategies and projects, announced today that it is participating in an investment round by an Israeli developer of extreme fast charging (XFC) battery technology.
The Israeli company has been working on so-called XFC (extreme fast charging) technology for several years with the goal of revolutionizing conventional lithium-ion batteries. The company's goal: to fully charge electric car batteries in just five minutes.
To this end, the company unveiled what it calls the "world's first" silicon-dominated battery prototype, which can be fully charged in up to five minutes. This technical innovation would be an immense step forward for the electric car industry, which is on the rise worldwide.
Led by a Vietnamese vehicle manufacturer that has announced plans to incorporate XFC technology in the future production of its own vehicles, GreenRock is participating in the Israeli company's current round of financing.
The company plans to invest the approximately $80 million raised from the funding round in establishing a research and development center in California in addition to its resident headquarters, from where they are preparing to launch mass production in 2024. The Israeli company's technology, which has been in development for three years, is protected by a total of twelve patents for cell design, software and a self-repairing system that allows batteries to regenerate on the fly. The company also let it be known that it has already signed a framework agreement with a Chinese producer of automotive batteries.
Founded in 2012, the innovative company is an ideal fit for Canadian investment group GreenRock's investment portfolio, delivering further exciting synergies with existing portfolio companies in the e-mobility space and its new investment in a Chilean lithium mine, which uses less environmentally damaging methods to extract the valuable raw material.
"Now we are sufficiently funded to bring our silicon-dominated XFC cells to the end of the R&D phase and make them ready for mass production in 2024 for global vehicle manufacturers. It will help overcome the main barrier to electric vehicle ownership - charging time - by reducing charging time by 50% and ultimately helping us create a zero-emission, clean world," said the company's CEO.
GreenRock Eco Ventures Corp. (ISIN: CA3953911052 / CUSIP: 395391105 / WKN: A3C57A)
GreenRock is a global investment group based in Vancouver, Canada. GreenRock's main focus is on investments in sustainable commodities, companies and projects. Also on the foundation of own companies and projects with significant sustainability aspects through the in-house incubator GRi (GreenRock Incubator).
Contact Person:
Investor Relations:
Phone: +800 – 5263 5263
E-Mail: ir@greenrock-group.com Homepage: www.greenrock-group.com
GreenRock Eco Ventures Corp. (ISIN: CA3953911052) (CUSIP: 395391105) (WKN: A3C57A) ("GreenRock" or "the Company"), a British Columbia (BC)-based investment group focused on sustainable investment strategies and projects, today announced that it closed fiscal 2021 above expectations and is now starting the new year with renewed momentum. It said it exceeded its target for closing new acquisitions and investments by about 25% last year. According to GreenRock, this growth is largely due to the enormous confidence of investors and the sustainable business strategy of the company and the entire team. As well as GreenRock's general business numbers in general, some portfolio companies have also significantly outperformed their 2021 forecasts, most notably one of the "centerpieces," as GreenRock CEO Aleksandar Korotkov calls it. This company is looking at a sustainable alternative to plastic, particularly in the FMCG (fast moving consumer goods) sector, such as an alternative to the previously common and environmentally damaging PET bottle. The company already let it be known last year that it was in very promising talks with two globally active manufacturers of packaging materials and foodstuffs. Through GreenRock's global network and synergies with other portfolio companies, the company has also been able to initiate promising talks with one of the world's largest retail chains. Winning this retail chain as a buyer of the sustainable and environmentally friendly PET alternative would be a huge win for the company and thus GreenRock. GreenRock CEO Aleksandar Korotkov commented: "The entire GreenRock team has done an excellent job in the past year despite the pandemic and has mastered various challenges with flying colors. We are all looking forward together to 2022 and are sure that we will surpass last year's successes once again and close the year with an equally brilliant IPO at the end of the year."
GreenRock Eco Ventures Corp. (ISIN: CA3953911052 / CUSIP: 395391105 / WKN: A3C57A)
GreenRock is a global investment group based in Vancouver, Canada. GreenRock's main focus is on investments in sustainable commodities, companies and projects. Also on the foundation of own companies and projects with significant sustainability aspects through the in-house incubator GRi (GreenRock Incubator).
Contact Person:
Investor Relations:
Phone: +800 – 5263 5263
E-Mail: ir@greenrock-group.com Homepage: www.greenrock-group.com
GreenRock Eco Ventures Corp. (ISIN: CA3953911052) (CUSIP: 395391105) (WKN: A3C57A) ("GreenRock" or "the Company"), a British Columbia (BC) based investment group focused on sustainable investment strategies and projects, announced today that it is currently in deeper discussions regarding an investment with Norwegian company Nel ASA. Nel ASA operates globally and works to provide solutions for the production, storage and distribution of hydrogen from electrical energy. GreenRock also hopes the investment in Nel ASA will provide technological advancement for its own portfolio companies in the hydrogen sector. The duration of negotiations around the amount and structure of the stake is set to last until mid-Q1 2022. Aleksandar Korotkov, CEO of GreenRock, was optimistic about the likely outcome of the negotiations: "I firmly believe that both we at GreenRock and Nel ASA will be able to develop many synergies through this investment, in addition to pure capital."
GreenRock Eco Ventures Corp. (ISIN: CA3953911052 / CUSIP: 395391105 / WKN: A3C57A)
GreenRock is a global investment group based in Vancouver, Canada. GreenRock's main focus is on investments in sustainable commodities, companies and projects. Also on the foundation of own companies and projects with significant sustainability aspects through the in-house incubator GRi (GreenRock Incubator).
Contact Person:
Investor Relations:
Phone: +800 – 5263 5263
E-Mail: ir@greenrock-group.com Homepage: www.greenrock-group.com
GreenRock Eco Ventures Corp. (ISIN: CA3953911052) (CUSIP: 395391105) (WKN: A3C57A) ("GreenRock" or "the Company"), a British Columbia (BC) based investment group focused on sustainable investment strategies and projects, today announced that it intends to exercise an existing pre-emptive option with a partner company. The partner company is a young but global company that has developed a completely biodegradable alternative to PET bottles, which are currently in circulation worldwide and are harmful to the environment. The biodegradation process of the bio-based plastic alternative takes place through moisture and heat within a composting process, breaking down polymer chains and creating smaller polymers and lactic acid. Microorganisms in the soil and compost then process the no polymer residues and lactic acid. The result of composting is carbon dioxide, water and humus, a soil nutrient. The company is already negotiating with various global multi-brand companies and FMCG manufacturers for the potential licensing of the manufacturing process.
GreenRock Eco Ventures Corp. (ISIN: CA3953911052 / CUSIP: 395391105 / WKN: A3C57A)
GreenRock is a global investment group based in Vancouver, Canada. GreenRock's main focus is on investments in sustainable commodities, companies and projects. Also on the foundation of own companies and projects with significant sustainability aspects through the in-house incubator GRi (GreenRock Incubator).
Contact Person:
Investor Relations:
Phone: +800 – 5263 5263
E-Mail: ir@greenrock-group.com Homepage: www.greenrock-group.com