POSCO Holdings begins construction of $830M lithium plant in Argentina

Green Car Congress

Korea-based POSCO Holdings recently started construction of a lithium commercialization plant in Argentina. POSCO Group is the first to produce lithium hydroxide for batteries in Argentina throughout the entire process from the acquisition of mining rights to exploration, construction and operation of a production plant. Operation of the lithium plant and financing will be 100% carried out by POSCO Argentina, a subsidiary of POSCO Holdings.

POSCO to invest $830M in lithium hydroxide plant in Argentina

Green Car Congress

South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. The plant, near the Salar del Hombre Muerto salt lake in northern Argentina, will have an annual production capacity of 25,000 tonnes of lithium hydroxide—sufficient to supply batteries for 600,000 electric vehicles, according to POSCO. POSCO bought lithium mining rights in Argentina from Australian lithium miner Galaxy Resources for $280 million in 2018.

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From 2016-2019, > 90% of lithium imported to US came from Argentina and Chile

Green Car Congress

From 2016-2019, more than 90% of the lithium imported to the United States came from Argentina (55%) and Chile (36%). The United States imports many of the minerals used in EV batteries, such as cobalt, graphite, lithium, manganese, and nickel, with lithium being the predominant mineral.

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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet.

Motorsport Network Acquires Autoblog Argentina

InsideEVs

Autoblog Argentina is the most widely read automotive news site in the country and will be renamed Motor1.com Argentina. Motorsport Network will also launch InsideEVs Argentina

Bass Metals to acquire San Jorge lithium brine project in Argentina

Green Car Congress

Australia-based Bass Metals has signed a binding term sheet to acquire Blackearth SA which holds an option to acquire the san Jorge Lithium Project located in Catamarca province, Argentina.

In 2017, Australia, Chile, and Argentina produced 91% of the world’s lithium

Green Car Congress

In 2017, Australia, Chile, and Argentina produced 91% of all lithium while the rest of the world supplied the remaining 9%. Some key materials used for manufacturing lithium-ion batteries are lithium, cobalt, nickel, manganese, and natural graphite, which come from more than 30 different countries. The Democratic Republic of Congo produced 59% of the world’s cobalt. Other lithium-ion battery materials, such as nickel, have a more even distribution of production throughout the world.

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Opinion: Can Argentina Capitalize On Its Vast Shale Reserves?

Green Car Congress

Argentina, once a regional energy leader, is now better known for financial busts and bombastic politicians than hydrocarbons prospects. The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. Yet unlike the production boom unleashed by the shale revolution in the United States, Argentina’s vast shale plays have remained comparatively idle.

$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. But it may help Argentina’s shale industry keep their momentum going. Argentina holds some of the largest shale potential outside of the United States.

Argentina’s largest ethanol plant begins operations; Vogelbusch technology

Green Car Congress

has begun operations of its new bioethanol plant in Alejandro Roca in the central Córdoba province of Argentina. The corn ethanol plant, which uses technology from Vogelbusch Biocommodities, has a nameplate capacity of 420,000 liters (111,000 gallons US) per day, making it the largest of its kind in Argentina. In Argentina, gasoline must contain 5% ethanol (E5) and the fuel ethanol production is government controlled under a quota system which assigns supply shares to the producers.

Porta Hnos licenses Gevo’s bio-isobutanol technology for Argentina

Green Car Congress

has signed a letter of intent to become the exclusive licensee of Gevo’s GIFT technology in Argentina to produce renewable isobutanol. Porta is a 132-year-old family-owned company in Argentina that produces liquor, vinegars and has a 120 m 3 /day corn ethanol plant. Half of all current ethanol plants in Argentina were designed by Porta, and they have a joint venture with Alpha Laval to provide separation and evaporation expertise. Porta Hnos S.A.

Soros signals Argentina’s shale is biggest place to be; doubles stake in YPF SA

Green Car Congress

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize—and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. The newest discovery is certainly vindication for Soros’ gamble on Argentina. by James Stafford of Oilprice.com.

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Argentina’s YPF and Bridas, 50% owned by CNOOC, to invest $1.5B in Vaca Muerta shale oil development in Argentina

Green Car Congress

Argentina state-owned energy company YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5 billion over the next 24 months to begin development in the massive shale oil deposits in the Vaca Muerta (“Dead Cow”) formation in the province of Neuquén—one of the largest shale oil formations in the world. Vaca Muerta is present in an area of 30,000 km 2 (7.4

Volkswagen investing €560M in Argentina plant for new MQB-based SUV

Green Car Congress

Volkswagen is investing some €560 million (US$652 million) over the next five years in the production of a new MQB-based SUV in Pacheco, Argentina. From 2020, the plant will deliver the new model built in Argentina to the entire South American continent. The new vehicle project in Argentina is a part of the Volkswagen brand’s largest product offensive in the South America region. Key drivers behind this positive development are Brazil and Argentina.

2017 150

YPF and Dow to partner on shale gas in Vaca Muerte; first shale gas project in Argentina

Green Car Congress

Argentina state-owned energy company YPF and Dow Chemical have signed a memorandum of understanding jointly to develop shale gas in the Vaca Muerta. In December, YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5 The commitment would cover the development of the first shale gas pilot project in Argentina.

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Nissan investing $600M in Argentina; domestic production of new pick-up

Green Car Congress

Nissan Motor will invest $600 million in Argentina and will become an Original Equipment Manufacturer (OEM) with the domestic production there of an all-new NP300 Frontier pick-up. With the expansion, Nissan is making Argentina a key component of its regional strategy eventually to position itself among the Top 3 brands in Latin America. The NP300 Frontier will be launched and sold in Argentina toward the end of 2015, initially imported from México.

2015 174

Evonik builds new catalyst plant for biodiesel production in Argentina

Green Car Congress

Germany-based Evonik Industries is building a new plant for manufacturing catalysts for biodiesel production in Argentina. It will primarily serve markets in Argentina and Brazil, with an annual capacity of more than 60,000 metric tons. Based on the successful use of the new production technology in the US, the plant in Argentina will follow the same design type.

Toyota Tsusho venture starts full-scale lithium production at Salar de Olaroz, Argentina

Green Car Congress

an Argentine lithium development company in which it owns a stake, has officially started lithium production at Salar de Olaroz in Jujuy Province, northwestern Argentina. This project marks the first investment by a Japanese company into lithium carbonate development in Argentina. Toyota Tsusho Corporation announced today that Sales de Jujuy S.A.,

2014 174

Bio-isobutanol company Gevo signs licensing and joint development agreements with Porta in Argentina; corn feedstock

Green Car Congress

to construct multiple isobutanol plants in Argentina using corn as a feedstock. As one of the leading engineering, procurement and construction (EPC) service providers to the ethanol industry in Argentina, Porta would provide the EPC services for the projects. We are excited to leverage their EPC expertise and their local Argentinian presence to accelerate the adoption of our isobutanol technology throughout Argentina, and potentially elsewhere in South America. Gevo, Inc.

2016 150

Toyota turns to Argentina

Green Cars News

We’re used to reading stories about carmakers moving into China and other major markets – but now Toyota is looking to tap into Argentina as it bids to expand its green car line-up. Green Fuels Ltd Latest news Lithium-ion batteries Toyota Argentina Green cars lithium lithium sources Toyota Tsusho Corporation

ExxonMobil discovers oil and gas in Argentina shale well; expands presence in Permian shale in US

Green Car Congress

ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. Not all shales are alike, so our first ExxonMobil-operated discovery in the Vaca Muerta play is a very positive sign that the shale in this area of Neuquén Province holds great promise as a liquids-rich unconventional resource for Argentina.

2014 180

SQM and Lithium Americas announce joint venture to develop lithium project in Argentina

Green Car Congress

LAC) are forming a 50/50 joint venture to develop the Caucharí-Olaroz lithium project in Argentina. Sociedad Química y Minera de Chile S.A. SQM) and Lithium Americas Corp. This joint venture went into effect following a capital contribution of US$25 million by SQM in exchange for a 50% ownership stake in Minera Exar, a wholly owned subsidiary of LAC.

2016 150

Lux Research: Australia best positioned to be next big shale play; China and Argentina next

Green Car Congress

China and Argentina are close behind, according to Lux, although the former remains plagued by poor infrastructure, local turf wars, and challenging geology while the latter retains elements of instability both economically and politically. Hydraulic fracturing and horizontal drilling have unlocked shale gas and tight oil resources previously written off as uneconomical, single-handedly altering North America’s energy landscape.

2014 191

Toyota Tsusho JV to begin lithium production in Argentina in 2013; supplies for Toyota Motor

Green Car Congress

will begin lithium production in the Salar de Olaroz Lithium-Potash Project in Argentina in 2013 through its joint venture with Australian mining concern Orocobre Ltd. Results of a feasibility study at the site, a salt lake in northwestern Argentina, showed estimated deposits of 6.4 Nikkei. Toyota Group company Toyota Tsusho Corp.

Balqon Expands Heavy-Duty Electric Truck Distribution into Argentina

Green Car Congress

Balqon Corporation, an emerging developer and manufacturer of heavy-duty electric vehicles for Class 7 and Class 8 applications ( earlier post ), has entered into a Dealer Agreement with Autoelevadores Yale, a leading distributor of material handling equipment and electric vehicles in Argentina.

Córdoba (Argentina) City Council and Renault-Nissan Alliance Sign EV LOI

Green Car Congress

The Córdoba (Argentina) City Council and the Renault-Nissan Alliance have signed a letter of intent (LOI) on joint research into how electric vehicles can improve quality of life and environmental conditions for the citizens of this provincial capital. Córdoba is the first city in Argentina, and the second in South America, after São Paulo, to sign this kind of agreement.

Cargill to Invest $112M in Co-generation and Soy Biodiesel Plants in Argentina

Green Car Congress

Cargill will invest a total of US$112 million in an 18 MW co-generation plant and a soybean biodiesel production plant with a processing capacity of 240,000 tons per year in Argentina.

Tweeting Clever: Smart Of Argentina Rules At Twitter

Green Car Reports

Smart of Argentina is one of those, sticking by the mantra Most car companies really suck at Twitter. There, we said it. For every company using it as a glorified advertising platform there's another trying to get 'interactive' in a way that's so hideously over-friendly they're like the attention-seeking kid at school. Some, however, get it right.

Argentina and Venezuela to cooperate in $2.2B 100,000 bpd extra-heavy oil joint venture in Orinoco Belt

Green Car Congress

Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. The $2.2 billion project will also include a refinery. The Orinoco Belt contains heavy and extra-heavy oil with a range of gravities from 4 to 16 degrees API (a measure of density); some Junin projects have oil ranging from 7-8 degrees API.

CATL To Buy Canadian Lithium Mining Company For Almost $300M

InsideEVs

Tesla battery supplier will get Millennial Lithium's two mining projects in lithium-rich Argentina

Electric race car travels from Alaska to Argentina

Green Cars News

An electric sports car has completed an epic journey from the outskirts Arctic Circle to the southern most tip of South America. The British team behind the Racing Green Endurance challenge finished their 26,000km journey yesterday after just 70 days. The 400bhp twin-motor SRZero sportscar is a fully electric car with a driving range of [.].

Toyota digs for Lithium

Revenge of the Electric Car

Toyota Tsusho Corp, a trading house and key Toyota supplier that Toyota owns 22 percent of, just announced that it would be jointly developing a new lithium project in Argentina with the Australian-listed Orocobre Ltd. From the Reuters post: “A sister company to Toyota Motor Corp secured a lithium supply deal in Argentina on Wednesday that could help the world’s largest automaker keep its lead in gasoline-electric hybrid cars.

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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

Green Car Congress

Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”. However, Bolivia is production-poor; Chile and Argentina are top global producers, but Bolivia has yet to produce the mineral in commercial quantities.

Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining , a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million.

Argosy Minerals announces first shipment of lithium carbonate from Rincon project

Green Car Congress

lithium carbonate product from its industrial-scale pilot plant operations at the Rincon Lithium Project in Salta Province, Argentina. Australia-based Argosy Minerals Limited confirmed the successful export shipment of five tonnes of >99.5%

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Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB).

Nuseed secures commercial offtake agreement for carinata with leading biodiesel producer Saipol

Green Car Congress

The Nuseed Carinata production system, currently grown in Argentina, achieved best in class greenhouse gas reduction (GHG), certified by the leading independent globally recognized Roundtable on Sustainable Biomaterials (RSB).

2020 206

Minerals used in electric cars: How much does the US import and from where?

Green Car Congress

Argentina, Chile, China, Russia. The main import sources for the eight minerals are Canada (nickel and zinc), China (natural graphite and rare earths), Chile (copper), Gabon (manganese), Norway (cobalt), and Argentina (lithium). by Michael Sivak, Sivak Applied Research. This post focuses on minerals used uniquely in the manufacture of electric cars. The three questions of interest are: Which minerals are they?

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Equipmake & Beulas partner with Go-Ahead London for in-service trials of double-decker e-bus; up to 300 miles with 543 kWh pack

Green Car Congress

The vehicle chassis has been specifically designed for the Equipmake ZED by Agrale in Buenos Aires, Argentina, a leading truck and bus chassis manufacturer established in 1962.

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First Nuseed Carinata shipment for biofuel feedstock

Green Car Congress

Grown as a scalable cover crop in Argentina, it will be processed into a renewable fuel with best-in-class greenhouse gas (GHG) reduction. Nuseed added carinata to its global portfolio in November 2019, following a successful pilot project in Argentina and acquiring specific carinata technology from the crop’s developer.

2020 180

BMW Group to source lithium from Livent

Green Car Congress

Now, the company is broadening its supplier base and additionally sourcing lithium from Argentina, where the raw material is obtained from brine from salt lakes. View of the salt lake Salar del Hombre Muerto in northern Argentina.

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

Green Car Congress

Currently, the highest production is in Australia with 18.3kt, followed by Chile and Argentina with 14.1kt and 5.5kt respectively. Three spodumene operations in Australia and two brine operations each in Argentina and Chile accounted for the majority of world lithium production in 2017, according to the US Geological Survey (USGS). It will be followed by Argentina with 29%, Canada with 16%, Chile with 9%, the US with 6%, and Mexico with 4%.

2018 210

BYD wins order for another 406 electric buses in Bogotá, Colombia

Green Car Congress

Throughout Latin America, BYD’s new energy vehicle footprint has spread to major markets including Chile, Colombia, Ecuador, Brazil, Barbados, Panama, Costa Rica, Uruguay and Argentina.