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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

SK E&S signed a memorandum of understanding (MOU) with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN’s natural gas and coal based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.

Green 284
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Indian Oil signs 10-year LNG supply contract with Total Energies | Autocar Professional

Baua Electric

In line with its strategy to grow its liquefied natural gas (LNG) business, Total Energies has, earlier this month, announced the signing of two new LNG medium- and long-term contracts in Asia. These agreements allow Total Energies to secure medium-term outlets for its global LNG supply portfolio.

Oil 52
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Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

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Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
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Tesla suppliers halt production as China faces power issues

Teslarati

A number of key Tesla suppliers from China are temporarily halting their production as the country deals with an ongoing power crunch. Foxconn affiliate Eson Precision Engineering, which produces crucial mechanical components for Tesla, noted on Sunday that it suspended its production from Sunday until Friday at its plants in Kunshan, China.

China 135
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. Current non-OPEC production would fall by 20 million barrels per day by 2030 without further upstream capex investment , according to the report. Source: IEF.

Price 416
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BASF co-locates battery materials plant and recycling center in Schwarzheide

Green Car Congress

BASF has opened Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany. The new plant is not only the first production facility for high-performance cathode active materials in Germany, but also the first fully automated large-scale cathode active materials production facility in Europe.

Batteries 195
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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The report also highlighted supply disruptions as one of the major energy events of the year. more as natural gas was diverted to Asia.

Coal 261