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BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%

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BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient producer of sugarcane ethanol in Brazil: BP Bunge Bioenergia. Brazil is the world’s second-largest and most integrated market for ethanol as a transportation fuel with demand forecast to grow rapidly.

Brazil 339
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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 by 2023 to 104.7

Brazil 218
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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

Supplies 259
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Global study shows uneven urbanization among large cities in the last two decades

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According to the latest report from the United Nations (UN), the global population in 2018 was 7.6 By 2050, the global population is expected to soar to 9.7 Pearl River Delta (PRD) and Beijing in China, São Paulo in Brazil). In 2018, the country has 19% of the total BUA of large cities in the world.

Global 433
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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. also rose in Brazil and Norway. 2018 recorded an overall growth in oil production of 2.5 WTI, the US light crude, covers 60% of global growth. Source: Eni World Oil Review 2019. recorded in 2013-2017.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 The US has been the largest market for Battery Energy Storage System (BESS) both in terms of cumulative installed capacity and by market value for projects installed up to 2018 and is likely to continue to lead the market at the country level.

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GlobalData: Global lithium production to triple over the next four years

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per annum, global output is expected to triple between 2018 and 2022 to reach 154kt (metal content), as 86kt of new metal capacity comes on stream to meet the increasing demand for the metal for use in batteries in electric vehicles and smartphones. After moderate growth in lithium supply between 2010 and 2017 of 6.4%

Chile 240