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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. Preliminary data for May show total OECD stocks building by 6 mb. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6

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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. “If you want to get to 20%, you just have to calculate how much you need to build here.” ASML equipment sales to China hit 6.3 billion euros (USD 6.9

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Axion International signs LOI to form global JV with Sicut Holding to target $8B railroad tie market with recycled structural composites

Green Car Congress

Axion International, a leading producer of industrial building products and railroad ties made from 100% recycled plastic ( earlier post ), has signed a non-binding Letter of Intent (LOI) with Sicut Holding Limited (previously Micron Inc. The JV does not relate to other applications of RSC technology, aside from railroad ties and sleepers.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

But continuing to build new coal-fired plants will leave producers with only bad options toward a net-zero future by 2050. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The global steel industry is poised to begin a titanic pivot from coal to hydrogen.

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Skeleton Technologies joins Flying Whales program to develop next generation of heavy-lift, large-capacity airships

Green Car Congress

European ultracapacitor manufacturer Skeleton Technologies will join French firm Flying Whales’ program to build a 60-ton Large Capacity Airship (LCA60T, for the global transport market. Skeleton Technologies will join the program to help design and build hybrid propulsion for the LCA60T’s electric power systems.

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How the Huawei Fight is Changing the Face of 5G

Cars That Think

US sanctions targeting China's telecommunications giant Huawei Technologies have crippled the company, effectively forcing it out of the global smartphone market and now threatening its domestic phone business as well. What's at stake is control of international 5G networks, which are expected to transform global communications.

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SAIC Motor to invest up to USD 2 billion in India by decade-end, says top executive | Autocar Professional

Baua Electric

The JV, JSW MG Motor India, seeks to cater first to the domestic demand, De said while hinting at the venture’s potential for global expansion. According to him, in the long term, the JV aspires to export vehicles to key right-hand drive markets such as Australia and South Africa.

India 52