Remove 2017 Remove Asia Remove Industry Remove Manufacturer
article thumbnail

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

Green Car Congress

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
article thumbnail

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

Green Car Congress

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 billion yuan (US$679 million).

article thumbnail

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

Green Car Congress

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
article thumbnail

ExxonMobil plans to invest $20B over 10 years to expand manufacturing capacity in US Gulf Region

Green Car Congress

ExxonMobil Corporation is expanding its manufacturing capacity along the US Gulf Coast through planned investments of $20 billion over a 10-year period. ExxonMobil is strategically investing in new refining and chemical-manufacturing projects in the US Gulf Coast region to expand its manufacturing and export capacity.

article thumbnail

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

Green Car Congress

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
article thumbnail

Pike Research forecasts automotive Li-ion battery prices to drop by more than 1/3 by 2017

Green Car Congress

According to a recent report examining batteries for electric vehicles from Pike Research, as manufacturing efficiencies improve and access to lithium expands, the installed cost of Li-ion batteries will fall by more than one-third by the end of 2017. billion by 2017, the market intelligence firm forecasts. Earlier post.).

Li-ion 324
article thumbnail

Baidu’s PaddlePaddle Spins AI up to Industrial Applications

Cars That Think

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.