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

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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. Earlier post.)

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POSCO accelerates production of lithium in Argentina with early stage 2 investment

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POSCO Holdings has moved up the scheduled investment in the second stage of a lithium production operation in Argentina from next year to now, due to increased demand for lithium amid booming investment in the secondary battery sector resulting from the “Inflation Reduction Act ” in the United States. billion (about KRW 1.5

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Rio Tinto starts demonstration plant in Québec for new spodumene concentration process

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In March 2022, Rio Tinto completed the acquisition of the Rincon lithium project, a large undeveloped lithium brine project located in the heart of the lithium triangle in Argentina. This long-life, scaleable project has the potential to have one of the lowest carbon footprints in the industry.

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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

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The 3Q Project (Tres Quebradas Lithium Project) is located in Catamarca Province, the largest lithium producing area in Argentina, and covers approximately 35,000 ha including a salar complex of approximately 16,000 ha. —Constantine Karayannopoulos, Chairman of Neo Lithium.

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UPS makes largest purchase of renewable natural gas yet in the US: 170M gallon equivalents over 7 years

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This is equivalent to planting 17,000,000 trees, removing 228,000 cars off the road or recycling 374,000 tons of waste that would otherwise be sent to the landfill. Also known as biomethane, RNG can be derived from many abundant and renewable sources, including decomposing organic waste in landfills, wastewater treatment and agriculture.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.