article thumbnail

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. Our decision to carry out our lithium project in Argentina is in line with the dynamic of strong market growth.

Argentina 335
article thumbnail

Ford, Rio Tinto sign MOU for battery and low-carbon materials supply to support net-zero future

Green Car Congress

Ford Motor Company and Rio Tinto have signed a non-binding global memorandum of understanding (MOU) jointly to develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles. It has potential to produce battery-grade lithium carbonate with one of the lowest carbon footprints in the industry.

Carbon 186
article thumbnail

President of Mexico nationalizes lithium

Green Car Congress

Mexican President Andres Manuel Lopez Obrador (AMLO) has nationalized lithium, handing responsibility for lithium reserves over to the energy ministry. Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. What we are doing now.

Mexico 543
article thumbnail

MIT study finds computational load for widespread autonomous driving could be a huge driver of global carbon emissions

Green Car Congress

The data centers that house the physical computing infrastructure used for running applications are widely known for their large carbon footprint; they currently account for about 0.3% of global greenhouse gas emissions, or about as much carbon as the country of Argentina produces annually, according to the International Energy Agency.

MIT 218
article thumbnail

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. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate.

Argentina 259
article thumbnail

Nuseed, bp partner to accelerate market adoption of Nuseed Carinata as a sustainable low-carbon biofuel feedstock

Green Car Congress

Nuseed Carinata is a non-food cover crop that can be used to produce low-carbon biofuel feedstock that is independently certified, sustainable and scalable. Increased global demand for biofuels is being driven by the need to access sustainable sources of energy to help achieve global greenhouse gas (GHG) reduction targets.

Carbon 170
article thumbnail

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). The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate. Earlier post.).

Argentina 195