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Hyundai Motor and Kia revamp R&D organization to make it more agile, flexible and independent like startups

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Hyundai Motor Company and Kia Corporation are reorganizing their joint research and development (R&D) organization to be able to respond flexibly to the rapidly changing global automotive industry, advance the transition to electrification and accelerate the development of Software Defined Vehicles (SDVs).

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NYK Line invests in waste-to-biofuel company

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which has developed its own integrated subcritical-water organic-waste power-generation system (ISOP) system, which decomposes organic substances using subcritical-water-treating technology and ultimately produces green energy products such as biofuels. NYK Line has invested in Japan-based Sustainable Energy Co.

Waste 448
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Vopak and Hydrogenious to form JV for hydrogen storage, transport and supply using liquid organic hydrogen carrier

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Vopak and Hydrogenious LOHC Technologies will incorporate an equal shared joint venture, named LOHC Logistix, for hydrogen storage, transport and supply based on Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology. Earlier post.) The incorporation of the joint venture is subject to customary closing conditions.

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. EnergyX) has secured commitments of $20 million in financing.

Companies 448
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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

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Startup licenses ORNL technology for converting organic waste to hydrogen

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The technologies work as a system that converts organic waste into renewable hydrogen gas for use as a biofuel. The system combines biology and electrochemistry to degrade organic waste—such as plant biomass or food waste—to produce hydrogen. —Alex Lewis, CEO.

Waste 294
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Organizations release Joint Due Diligence Standard for copper, lead, nickel and zinc

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Five organizations representing their metal industries —The Copper Mark, the International Lead Association (ILA), the International Zinc Association (IZA), the Nickel Institute and the Responsible Minerals Initiative (RMI)—have released the Joint Due Diligence Standard for Copper, Lead, Nickel and Zinc.

Standards 186