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European Lithium signs binding term sheet with Obeikan for hydroxide plant in Saudi Arabia

Green Car Congress

Australia-based European Lithium Limited signed a binding term sheet for the joint development and operation of a lithium hydroxide processing plant in Saudi Arabia with Obeikan Group to convert lithium concentrate into lithium hydroxide.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

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Opinion: Oil Price War May Benefit both US Shale and Saudi Arabia

Green Car Congress

If oil does not return to $100 a barrel until 2035, there will be a lot less shale companies around. The US shale oil industry faces an implacable foe in the current crisis: Saudi Arabia. At this point, Saudi Arabia’s currency reserves are roughly equal to the combined market capitalization of the entire US shale oil industry.

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. In September 2020, the company's first model, the all-electric SUV Enovate ME7, was launched.

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Haldor Topsoe and Aquamarine enter MoU for green ammonia facility based on SOEC electrolysis

Green Car Congress

An example is the Helios project in NEOM, Saudi Arabia, announced in July 2020, which includes the world’s largest ammonia loop (1.2 The company is built upon decades of experience across many industries including energy transactions, infrastructure finance, and banking. million tons per year) delivered by Topsoe.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

In 2013, new geothermal geologic studies or exploration moved forward in places as diverse as American Samoa, Argentina, Armenia, Australia, Azerbaijan, El Salvador, Ethiopia, Indonesia, Japan, Malaysia, Rwanda, Saudi Arabia, St. Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen.

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Day Of Reckoning For US Shale Will Have To Wait

Green Car Congress

October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound. A new Jeffries report says that only $450 million in borrowing bases have been cut, across more than 20 companies.