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EIA: As of 2021, China imports more LNG than any other country

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Source: Graph by the US Energy Information Administration, based on data from Japan’s Ministry of Finance, China’s General Administration of Customs, South Korea’s Customs Institute, India’s Directorate General of Commercial Intelligence and Statistics, and Taiwan’s Ministry of Finance via Global Trade Tracker.

China 273
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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In the United States, refining capacity has decreased by about 1.1 million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. Global demand for refined products dropped substantially in 2020 as a result of the COVID-19 pandemic.

Global 448
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ABB E-mobility scales up investment in software provider ChargeLab

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Co-ordinated through ABB EL Ventures, the investment forms part of ChargeLab’s $15-million Series A financing. ABB E-mobility first partnered with ChargeLab in 2020. In addition to this financing, ABB and ChargeLab have signed a partnership agreement to develop next-generation software solutions for ABB charging stations.

Financing 199
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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In the IEA’s global pathway to reach Net Zero Emissions by 2050, nuclear power doubles between 2020 and 2050, with construction of new plants needed in all countries that are open to the technology. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.

Russia 458
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DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

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Announced in January 2020 by US Secretary of Energy Dan Brouillette, the Energy Storage Grand Challenge (ESGC) is a comprehensive program to accelerate the development, commercialization, and utilization of next-generation energy storage. Responses to this RFI will be due 21 August 2020.

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EC rolls out CARS 2020 action plan for European auto industry

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Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. of around 16% of GDP to as much as 20% by 2020. —“CARS 2020”.

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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239