article thumbnail

Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

Green Car Congress

Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.

article thumbnail

Roskill: graphite prices still rising on high Chinese electricity costs

Green Car Congress

The company reported its production in Mozambique as 25kt in Q3, down from 29kt in Q2. Prior to COVID-19, the company was the largest producer ex-China, and it is looking to regain market share following reopening of the Balama mine in Q1.

Chinese 321
article thumbnail

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4. billion gross oil-equivalent barrels prior to the 2018 Ranger discovery.

2017 186
article thumbnail

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

The company is closely monitoring the COVID-19 pandemic and has adjusted work arrangements to ensure a healthy work environment and support communities where it operates. For 2020, the company anticipated an investment level of up to $33 billion, depending on the progress of individual projects. million net acres.

article thumbnail

Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

Green Car Congress

Brazil’s Petrobras closed two asset sales for the total sum of US$587 million. Petrobras subsidiary Petrobras Biocombustível (PBio) sold to Tereos Participations—a company in the French Tereos group—its entire stake in Guarani, representing 45.97% of the company’s equity capital, for US$202 million.

article thumbnail

A closer look at graphite—its forms, functions and future in EV batteries

Charged EVs

The company Graphex occupies a middle position in the supply chain—it buys raw graphite from mining companies, puts it through several purification and processing steps, then sells it to battery manufacturers. The company manufactures 10,000 metric tonnes per year of purified spherical graphite for EV battery anodes.

Future 114