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IDTechEX: solid-state battery market will grow to $8B by 2031

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A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role.

Market 418
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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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Lloyd’s Register Maritime Decarbonization Hub is working with 11 leading cross-supply chain stakeholders to develop a fleet fuel transition strategy that can enable the establishment of a highly scalable Green Corridor Cluster.

Asia 186
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Rio Tinto and Marubeni partner to create stronger and more responsible aluminum supply chains

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Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed a first sale under a new strategic collaboration agreement to secure a sustainable and reliable supply of Rio Tinto’s Responsible aluminum products to Japanese downstream manufacturers.

Supplies 199
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Utah-based Energy Fuels to enter commercial rare earth business in Q1-2021

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entered into a three-year supply agreement with The Chemours Company to acquire a minimum of 2,500 tons per year of natural monazite sands, one of the highest-grade rare earth element (REE) minerals in the world. Energy Fuels Inc. This REE product will be ready for REE separation, which is the next step in producing usable REE products.

Utah 417
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Fujitsu & Teijin in joint trials with V Frames & Advanced Bikes with recycled carbon fiber; blockchain platform

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As part the trials, Teijin and Fujitsu will leverage a blockchain-based commercial platform launched in July 2022 to promote the sustainable use of recycled materials, tracing and management of greenhouse gas (GHG) emissions within the environmentally-conscious bicycle industry. Earlier post.)

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

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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. EIA’s annual long-term assessment of world energy markets includes a Reference case and four core side cases, which use different assumptions for the projections in each case.

Asia 220