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POSCO begins construction of S Korea’s first lithium hydroxide plant

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—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. The subsequent production of lithium hydroxide will take place in South Korea. Earlier post.)

Argentina 369
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Rolls-Royce and SOWITEC cooperate on power-to-X projects

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gigawatts of solar and wind projects installed in South America, Europe and Asia, the Baden-Württemberg-based company has extensive experience in developing financeable turnkey renewable energy projects, from concept to implementation, including investor sourcing. With more than 4.2

Power 186
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Volkswagen picks up pace of transformation with new ACCELERATE strategy

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By turning the vehicle into a software-based product, Volkswagen is setting the scene for new, data-based business models aimed at lowering entry barriers to individual mobility while offering very attractive service packages for the customers. This will significantly reduce production complexity. Business model 2.0:

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

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Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic. Less petroleum demand and the associated lower petroleum product prices encouraged refinery closures, reducing global refining capacity, particularly in the United States, Europe, and Japan. million b/d in 2022 and by an additional 1.6

Global 448
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Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

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Ballard Power Systems has signed a product development agreement with Hydrogene de France ( HDF Energy ), an independent power producer dedicated to renewable power generation, for the development and integration of a multi-megawatt (MW) scale fuel cell system into HDF Energy’s Renewstable power plant designed for stationary power applications.

Energy 195
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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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—Rob Redfearn, CEO of TerraStar Construction times are as low as 12-18 months, greatly reducing the carrying costs of financing compared to larger plants which can take three years to complete. By-products of fuel production are carbon-rich solids that sequester carbon when used as soil amendments.

Diesel 170
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. North America. South America. million units.

2015 150