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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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In contrast to 2022 when the OECD led the expansion, non-OECD economies are set to account for nearly 80% of growth next year. Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb/d in 2022 to 2.2 mb/d and 1.9

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Chemours investing $200M to expand Nafion production in France

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Chemours’ investment builds on the existing efforts in the US to have a reliable supply chain and robust capacity to enable the hydrogen economy. Chemistry holds the keys to that future and will continue to play an important role in moving the hydrogen economy forward. —Mark Newman, President and CEO at Chemours.

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Rolls-Royce developing turbogenerator technology for hybrid-electric aviation applications

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Rolls-Royce is also set to build on our existing network to offer maintenance services for electrical systems. Last year, Rolls-Royce announced a pathway to net zero carbon emissions and its electrical technology is one way in which the company is helping decarbonize critical parts of the global economy.

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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK Plug Hyverse is a provider of turnkey hydrogen solutions for the global green hydrogen economy, to pursue integrated solution businesses throughout the clean hydrogen value chain in Asia, including electolyzers. In addition, PEM electrolyzers are known for high energy density and moderate cost of maintenance.

Green 284
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Panasonic and Marubeni to establish a JV to provide fleet management services for commercial EVs in Japan

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While the adoption of EVs is gaining traction globally, there are limited numbers of use cases involving large EV fleets in Japan. In the future, the JV additionally aims to establish a circular economy model with a view to secondary use of EV and batteries.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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Hyundai will support the construction cost of the hydrogen refueling station while providing up to 12 fuel cell electric buses as well as their maintenance and service. The partnership across industries will be a stepping stone in bringing the hydrogen economy closer to daily lives.

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Eaton launches new line of medium-duty 7-speed dual-clutch transmissions; up to 8-10% better fuel economy

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Eaton has introduced Procision, a new line of medium-duty dual-clutch transmissions, that delivers 8 to 10 percent better fuel economy than a similarly equipped vehicle with a torque converter automatic. These features can be disabled for even greater fuel economy if desired. The Procision design life (B-10) is 10 years/400,000 miles.

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