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Toyota Tsusho JV to begin lithium production in Argentina in 2013; supplies for Toyota Motor

Green Car Congress

will begin lithium production in the Salar de Olaroz Lithium-Potash Project in Argentina in 2013 through its joint venture with Australian mining concern Orocobre Ltd. Results of a feasibility study at the site, a salt lake in northwestern Argentina, showed estimated deposits of 6.4 Toyota Group company Toyota Tsusho Corp.

Argentina 218
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Toyota Tsusho venture starts full-scale lithium production at Salar de Olaroz, Argentina

Green Car Congress

an Argentine lithium development company in which it owns a stake, has officially started lithium production at Salar de Olaroz in Jujuy Province, northwestern Argentina. In December 2012, development authorization and mining rights were secured from Jujuy Province, and Toyota Tsusho acquired a 25% stake in Sales de Jujuy.

Argentina 199
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Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining , a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate.

Argentina 259
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Evonik builds new catalyst plant for biodiesel production in Argentina

Green Car Congress

Germany-based Evonik Industries is building a new plant for manufacturing catalysts for biodiesel production in Argentina. The plant, which is expected to be operational by the end of 2012 at the latest, will supply ready-to-use alcoholates as catalysts for the production of biodiesel from renewable resources.

Argentina 199
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

Green Car Congress

Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. In 2012, East Asia accounted for 60% of total global consumption with Europe accounting for a further 24% and North America 9%. Source: Roskill.

Market 296
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Wärtsilä axial waterjets power world’s fastest high-speed ferry; fueled by LNG

Green Car Congress

In addition to two of its LJX1720SR axial waterjets, Wärtsilä has also supplied an advanced propulsion control system for the Francisco. It will transport both passengers and cars between Uruguay and Argentina. The Wärtsilä equipment was supplied at the end of 2012, and commissioning of the vessel took place in early 2013.

Uruguay 296
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Total greenlights Vega Pleyade gas field development offshore Tierra del Fuego

Green Car Congress

Total (operator, 37.5%) has made the final investment decision to develop the Vega Pleyade gas and condensate field offshore Tierra del Fuego, Argentina in the Southern Atlantic. Present in Argentina since 1978, Total, through its affiliate Total Austral, operates 30% of that country’s gas production.

Argentina 199