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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

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Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets. mb/d in 2017.

Brazil 218
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Vianode invests US$194M in battery anode graphite plant in Norway

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Vianode , a company owned by Elkem, Hydro and Altor, has decided to invest in its first industrial scale plant for sustainable battery materials at Herøya in Norway. The decision is an important step towards establishing a complete battery value chain in Norway for the European market. Plant concept. Source: Vianode.

Norway 259
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Amogy begins testing operations for maritime applications of ammonia-to-power platform in Norway

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a developer of emission-free, energy-dense ammonia power solutions ( earlier post ), signed a letter of intent and a lease with Sustainable Energy Catapult Center in Norway to initiate testing operations for Amogy’s 200kW ammonia-to-power platform at the recently-launched testing facility for new and sustainable energy solutions in Stord, Norway.

Norway 243
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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. —Tore Enger, CEO of TECO 2030 ASA.

Norway 468
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Yara Clean Ammonia and Bunker Holding to develop the market for ammonia as a shipping fuel

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Yara Clean Ammonia (YCA) and Bunker Holding Group signed an MOU establishing the intention to collaborate to accelerate the development of the market for clean ammonia as a shipping fuel. This commitment will cover multiple global geographies and focus on serving First Mover initiatives spanning different regions.

Clean 195
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FREYR and Glencore sign supply contract for sustainable cobalt, expand collaboration for the responsible supply of battery materials

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We are very pleased to progress and expand our relationship with Glencore, a global leader in the supply and recycling of battery raw materials and in the production of cobalt. The supply contract follows the Letter of Intent between FREYR and Glencore announced on 9 February 2021. —Tom Einar Jensen, CEO of FREYR.

Supplies 186
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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.