Remove 2019 Remove Asia Remove Coal Remove Supplies
article thumbnail

Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

Green Car Congress

Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
article thumbnail

IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. Global demand for oil and gas, meanwhile, has rebounded to near 2019 levels and is set to keep rising for several years. Investment slumped by 30% in 2020.

Price 416
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power. Cost rises are linked to increases in the cost of materials, freight, fuel and labor.

Cost Of 210
article thumbnail

BASF co-locates battery materials plant and recycling center in Schwarzheide

Green Car Congress

The plant is fully sold out for the next years and will supply products tailored to the specific needs of cell manufacturers and automotive OEMs in Europe. The project also highlights the ongoing transformation: Here, where coal was long liquefied into gasoline, the active material for EV batteries will be produced from now on.

Batteries 195
article thumbnail

Consortium developing green hydrogen megaproject in Oman

Green Car Congress

Given the site’s strategic location between Europe and Asia, as well as excellent solar irradiance and wind resource facing the Arabian Sea, the development is positioned to offer a secure and reliable supply of green fuels globally at a competitive price. Green hydrogen is expected by some to grow into a US$2.5-trillion

Oman 284
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. LNG imports reached 482 billion cubic meters in 2019, up 13% from 2018, and while this figure is expected to fall by around 4.2% —Snam CEO Marco Alverà.

Gas 243
article thumbnail

BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

Green Car Congress

In its New Energy Outlook 2019 (NEO), BNEF sees these technologies ensuring that—at least until 2030—the power sector contributes its share toward keeping global temperatures from rising more than 2 degrees Celsius. —Matthias Kimmel, NEO 2019 lead analyst. Asia’s electricity demand will more than double to 2050.

Wind 207