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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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Consortium led by POSCO, Samsung SDI to build $54M cathode materials plant in Chile for EVs

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A consortium led by South Korea’s POSCO and Samsung SDI, and including China’s Sichuan Fulin Industrial Group and Chile’s Molyment, has won a bid to build a cathode materials plant in Chile to support that country’s Li-ion batteries project. POSCO has also acquired a 4.75% stake in the mining company.

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Keliber says studies show its lithium hydroxide will have smaller carbon footprint than most of the competition

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Keliber, a Finnish mining and battery chemical company that aims to start the sustainable production of battery-grade lithium hydroxide, has analyzed the CO 2 emissions generated by its future production using two studies. Keliber plans to begin production in 2024. Keliber benefits from an integrated production process.

Carbon 418
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Siemens Completes Successful First Firing of PetroAlgae’s Biomass Fuel in Pilot Plant-scale Pulverized Coal Burner

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The biocrude fuel was combined with pulverized coal in a pilot-scale burner with a thermal capacity of approximately 4 MBtu/hr. Some mixing of the pulverized coal and biocrude took place within the fuel injector prior to combustion of the mixture. Up to 10% of the total heating value was provided by the biomass in these tests.

Coal 230
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BG Group sanctions US$15B coal seam gas to LNG project; first such

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BG Group has approved implementation of the first phase of a US$15-billion project to convert coal seam gas (CSG) to LNG—the first major commercial project to do so. First LNG exports are planned to commence from 2014, underpinned by agreements in Chile, China, Japan and Singapore for the purchase of up to 9.5 Source: QCLNG EIS.

Coal 210
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India enters Argentina’s lithium market with INR 200 cr investment, eyes on rich lithium reserves – ET Auto

Baua Electric

Argentina is part of the “Lithium Triangle” along with Chile and Bolivia with more than half of the world’s total lithium resources and having the distinction of having 2nd largest lithium resources. The agreement was also witnessed by minister of parliamentary affairs, coal, and mines Pralhad Joshi, and Mines secretary VL Kantha Rao.

India 52
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BNEF: cost of new renewables rises as inflation starts to bite

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The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. If the offshore transmission costs are excluded, the latter estimate falls to $43/MWh.

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