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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. Other significant findings of IEO2019 include: Manufacturing centers are shifting toward Africa and South Asia, especially India, resulting in energy consumption growth in those regions.

Asia 220
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EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

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Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers ( GIIGNL ). Bcf/d, over the past five years (2017–21). Among LNG-importing regions in 2021, only Asia and Latin America increased annual imports: Asia by 2.4 An average of 49.0

Global 259
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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

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BioAmber and CJ CheilJedang plan JV for bio-succinic acid production in Asia

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Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. CJCJ is a global leader in the area of industrial biotechnology, with innovations in fermentation and purification technologies.

Asia 150
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Baidu’s PaddlePaddle Spins AI up to Industrial Applications

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The company has also created three new industry-focused large models—one for the electric power industry, one for banking, and another one for aerospace —by fine-tuning the company’s ERNIE 3.0 Titan model with industry data and expert knowledge in unsupervised learning tasks.

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Albemarle signs definitive agreement to acquire lithium salts production assets in Asia

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Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, has signed a definitive agreement to acquire the lithium hydroxide and lithium carbonate conversion assets and supporting business functions currently operated by Jiangxi Jiangli New Materials Science and Technology Co.

Asia 150
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PwC’s Autofacts forecasts global light vehicle assembly to hit 81M units in 2013, 101M by 2017

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North America and Developing Asia-Pacific markets are driving most of the growth, while Developed Asia-Pacific is expected to see continued declines as assembly is localized abroad. Strong growth in Developing Asia-Pacific, improving stability in the EU and investment in new technologies will drive the industry forward.

2013 170