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

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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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Baker Institute: China positioning itself to dominate world’s copper supply

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China is positioning itself to dominate the global supply of copper, a material in high demand as the world transitions to alternative energy systems, according to experts from Rice University’s Baker Institute for Public Policy. “If However, China’s international presence goes well beyond internal needs.

Supplies 250
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Johnson Matthey to build CCM plant in China for PEM fuel cells and electrolyzers

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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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SK IE Technology to supply separators for EV batteries to Sunwoda

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SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. The MOU signing ceremony took place at Sunwoda Group’s headquarters in Shenzhen, China.

Supplies 199
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onsemi and ZEEKR sign long-term supply agreement for SiC power devices

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onsemi, a provider of intelligent power and sensing technologies, and premium electric mobility brand ZEEKR have entered a long-term supply agreement (LTSA). The new LTSA will enable both companies to build a stronger supply chain relationship to support ZEEKR’s growth over the next decade.

Supplies 284
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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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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