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Ford investing £150M in Halewood plant to scale up EV portfolio

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Last year’s news that the plant, which currently produces transmissions for internal combustion engine vehicles, had won assembly of Ford electric vehicles’ power units brought an initial backing of £230 million (US$283 million) to deliver 250,000 units a year from 2024. billion (US$2.6 billion) annually.

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Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). New project announcements have increased the resource under development to about 30,000 MW.

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Global CO2 emissions stalled for the third year in a row

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The annual assessment of global greenhouse gas (GHG) emissions by the JRC and the Netherlands Environmental Assessment Agency (PBL) confirms that CO 2 emissions have stalled for the third year in a row. Emissions from international transport (aviation and shipping) contribute another 3% to the total global GHG emissions.

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Navigant forecasts global road transportation energy consumption to increase 25% by 2035; 84% from conventional fuels

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In a new report ( Transportation Forecast: Global Fuel Consumption ), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 of global consumption in 2014 to more than 16.4% of global road transportation sector consumption by 2035. —“Transportation Forecast: Global Fuel Consumption”.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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As the world population increases by the estimated 30% from 2010 to 2040, ExxonMobil sees global GDP rising by about 140%, but energy demand by only about 35% due to greater efficiency. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. Click to enlarge. Outlook for Energy.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

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The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Turkey-based AKSA Akrilik Kimya Sanayii A.?. The joint venture will develop and globally market a broad range of products and technical service support in the rapidly expanding carbon-fiber based composites industry.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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While the Department of Defense (DoD) is one of the world’s largest fuel users, its consumption of about 340,000 bpd is a small fraction (less than one-half of 1 percent) of global petroleum demand. Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested. Turkey) or building new partnerships (e.g.,

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