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Nikkei: Nidec to build $715M e-axle plant in Mexico

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The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company plans to be capable of building an annual 7 million e-axles by March 2026.

Mexico 259
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MP Materials and Sumitomo to strengthen rare earth supply in Japan

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and Sumitomo Corporation announced an agreement to diversify and strengthen rare earth supplies in Japan. The effort to electrify and decarbonize the global economy is causing demand for rare earths to grow rapidly, outpacing new supply. US-based MP Materials Corp. China is the world’s leading producer.

Japan 225
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TSMC to Build Chip Fab in Japan

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(TSMC), the world's largest contract chip manufacturer, announced in an online earnings briefing Thursday that it would build a semiconductor plant in Japan. The announcement comes just a few months after the chip giant announced its intention to build a $12 billion fab in Arizona. China trade war erupted.

Japan 104
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FREYR Battery opens technology resources campus and business unit in Japan

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FREYR Battery, a developer of clean, next-generation battery cell production capacity, has established a technology resources campus and business unit in Japan. Japan is a global center for battery development, and consequently home to some of the most experienced and capable lithium-ion battery cell experts in the world.

Japan 150
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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US, Canada, Japan, Netherlands, and EC launch new hydrogen initiative

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At the 10th Clean Energy Ministerial (CEM10) meeting, a new international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries.

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Japan launches first global hydrogen supply chain demo project; liquid organic hydrogen carrier (LOHC) technology

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Nippon Yusen Kabushiki Kaisha—have launched the “Advanced Hydrogen Energy Chain Association for Technology Development”(AHEAD) along with the world’s first Global Hydrogen Supply Chain Demonstration Project. and subsequently used for power generation in Japan. Four Japanese companies—Chiyoda, Mitsubishi, Mitsui and.

Brunei 218