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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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Johnson Matthey to build CCM plant in China for PEM fuel cells and electrolyzers

Green Car Congress

Johnson Matthey (JM) signed an investment agreement with the Jiading District in Shanghai to help accelerate the hydrogen economy in China. billion global stated capital expernditure for the three years to 2024/25 and will include government support and incentives. The investment, which is backed by customer demand, is part of JM’s £1.1-billion

China 195
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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

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Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts. Forming of the joint venture and building of the catalysts facility will be the first step of a long-term strategic cooperation between Topsoe and Yanchang.

China 243
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Nikkei: Nidec to build $715M e-axle plant in Mexico

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The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company is currently producing e-axles in China and Europe but will start making them in North America as well ahead of an expected surge in demand. million e-axles.

Mexico 259
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BASF and Shanshan form battery materials joint venture in China

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The newly formed company has four sites in Hunan and Ningxia, China, with more than 1,600 employees. The joint venture will primarily focus on the rapidly growing electric vehicle (EV) market, while continuously serving global consumer electronic and energy storage segments.

China 352
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CATL to build new $280M, 80 tpy LFP cathode materials plant in China

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China-based battery maker CATL (Contemporary Amperex Technology Co Ltd) and its subsidiary Shenzhen Dynanonic signed an agreement with Jiang’an county government (located in south-west China’s Sichuan province) to build a lithium iron phosphate (LFP) cathode materials plant with a production capacity of 80 tpy.

China 257
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Ford, LG Energy Solution, Koç Holding to form JV to build battery gigafactory in Turkey

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Ford and Koç Holding had originally signed a non-binding MoU with battery maker SK On to build the battery JV in Turkey. This new joint venture project builds on long-standing business relationships Ford has with both LGES and Koç Holding. LGES aims to expand its global production capacity to 300GWh by the end of this year.

Turkey 334