Remove 2016 Remove Chinese Remove Conversion Remove Convert
article thumbnail

Double catalyst for the direct conversion of syngas to lower olefins

Green Car Congress

In the journal Angewandte Chemie , Chinese scientists report on a new bifunctional catalyst that converts syngas to lower olefins (C 2 -C 4 ) with high selectivity. The first step in such a process would involve the conversion of these materials into syngas through either gasification or steam reforming.

article thumbnail

CRU: lithium price downtrend continues, with disappointing EV sales in China the driver

Green Car Congress

China is the world’s largest user of lithium, accounting for 57% of global demand in 2019, and is also the biggest supplier of lithium converted products. Chinese EV sales through to July totalled 696,000 this year. However, the combined conversion capacities of these two market leaders is below 30% of total Chinese capacity.

Price 243
article thumbnail

A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

Subsequently, upon satisfaction of certain closing conditions, Wanxiang would purchase $200 million aggregate principal amount of A123’s 8.00% Senior Secured Convertible Notes. Lazard served as financial advisor to A123 for the above-described transactions.

Convert 231
article thumbnail

IDTechEx calculates ~31 GWh of electric vehicle markets beyond cars in 2021

Green Car Congress

While there are far fewer trucks than cars globally to convert to electric, they use much larger batteries (several hundred kWh) and accounted for 4.3 Today, city trucks in China are predominantly hitting the roads as Chinese manufacturers leverage their experience in electric buses and battery production. GWh annually in 2021.

Market 150
article thumbnail

A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

The agreement would also include the potential for Wanxiang to invest up to an additional $175 million if it exercises the warrants that would be issued in connection with the Bridge Facility and the Convertible Notes for cash. 2Q 2012 results. This balance does not reflect $6.8 Cash and cash equivalents were $113.1

2012 273
article thumbnail

Oversold Lithium could be about to rally

Green Car Congress

It’s important to remember that prior to the crash, lithium had enjoyed a meteoric rise with prices doubling since the beginning of 2016 and nearly quadrupling over the past decade. Many Chinese brine producers in the Qinghai region had outlined plans to triple or quadruple capacities over the coming 3-4 years.

2018 278
article thumbnail

China team identifies new thermophilic bacterium for direct production of ethanol from brown algae

Green Car Congress

Researchers from the Shandong Provincial Key Laboratory of Synthetic Biology, Qingdao Institute of Bioenergy and Bioprocess Technology, Chinese Academy of Sciences have identified and characterized the first thermophilic bacterium capable ( Defluviitalea phaphyphila ) of direct conversion of brown algae to ethanol. A total of 7.6

China 150