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EIA: US ammonia prices rise in response to higher international natural gas prices; up by a factor of 6 in two years

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US ammonia prices closely follow international ammonia prices because approximately 14% of total US ammonia consumption is met by imports. Because the global ammonia market is highly interconnected, the US price of ammonia closely follows international ammonia prices rather than only US natural gas prices.

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China to join International Renewable Energy Agency

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China has announced it will join the International Renewable Energy Agency ( IRENA ). Formally established in 2011, IRENA is the first major international organization to be headquartered in the Middle East. Formally established in 2011, IRENA is the first major international organization to be headquartered in the Middle East.

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Hyundai showcases RM20e racing midship electric sports car, Prophecy concept EV at Auto China

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At the 16 th Beijing International Automotive Exhibition (Auto China 2020), Beijing Hyundai Motor Company showcased its RM20e electric racing midship sports car prototype and Prophecy concept EV model, demonstrating the reach of its EV ambitions. The new Tucson as well as new Elantra also made their debuts to Chinese customers.

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Study suggests China urban passenger transport emissions could peak in 2030

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A team of researchers in China suggest that, in the context of promoting the use of clean fuel vehicles and increasing vehicle fuel efficiency, CO 2 emissions of China’s urban passenger transport sector could reach a peak of 225 MtCO 2 in 2030. A paper on their study appears in the journal Energy Policy. —Li and Yu.

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Joint venture between Daimler and BYD to reveal EV design concept at Auto China 2012 in Beijing

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(BDNT), the 50:50 R&D Joint Venture between Daimler AG and BYD Company Limited, is going to show a design concept of the future joint venture electric vehicle to the public for the first time during next year’s Auto China in Beijing. Both partners have decided to sign a number of China-based international as well as local suppliers.

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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

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Zhejiang Geely Holding Group set a new export sales record in December with 11,000 cars being exported during the month, which also helped the company increase its export sales over the course of 2012 by 164%. Geely’s December 2012 sales were pulled forward by a strong showing from the Emgrand series of vehicles.

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EIA: US ethane demand grew 9% in 2022, driven by petrochemical capacity additions

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Most US petrochemical cracking capacity built after 2012 can use only ethane as a feedstock, meaning high ethane prices can reduce ethylene production. US ethane exports to China increased 50% from 2021 to a record-high average of 157,000 b/d in 2022. US ethane product supplied, a proxy for ethane consumption, averaged just under 2.0