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LR and partners launch Silk Alliance to develop Green Corridor Cluster beginning with intra-Asia container trade

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Initiated by the Lloyd’s Register Maritime Decarbonization Hub, The Silk Alliance brings together a diverse group of organizations whose collaboration can advance the decarbonization of the maritime industry. Pacific International Lines (Pte) Ltd (PIL), Wan Hai Lines, X-Press Feeders, Yang Ming Marine Transport Corp.;

Asia 186
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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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In its International Energy Outlook 2019 (IEO2019), the US Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia.

Asia 220
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Li-Bridge outlines steps for US to double annual lithium battery revenues to $33 billion and provide 100,000 jobs by 2030

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60% domestic value‐added is Li‐Bridge’s 2030 goal US industry is still 10 to 20 years behind Asia, and about five years behind Europe, in commercializing manufacturing of this critical technology. This is up from the 30% domestic value-added most likely to result from doing business as usual.

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Report: CCS capacity increased 33% in 2020

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Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. In Asia Pacific, we saw national governments in China, Japan and South Korea commit to net-zero climate targets.

2020 332
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Former CEO of GM China Group Phil Murtaugh joins Pinnacle Engines board; first engines launch in Asia this year

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Phil comes at a pivotal time for Pinnacle Engines as we gain momentum in Asian markets and reach commercialization stages of our first significant partnership. His extensive experience within the automotive industry and deep relationships in Asian markets will aid in Pinnacle’s significant growth in the coming months.

Asia 220
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Bridgestone develops tire using 75% recycled and renewable materials; recycled plastic bottles, recycled steel and natural rubber from guayule

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During a 16 February briefing with media and industry analysts in Tokyo, Bridgestone Global CEO Shuichi Ishibashi said that the company is pursuing a tire design utilizing 90% recycled and renewable materials for passenger cars. The company is targeting commercial production of guayule-derived natural rubber by the end of the decade.

Renewable 273
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Aside from replacing grey hydrogen in industrial processes, green hydrogen will also have a multiplier effect when used in the production of renewable fuels that will replace traditional fossil fuels. Due to the abundance of sun and wind in the Iberian Peninsula, the International.

Hydrogen 397