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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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SAF company DG Fuels closes investments with two Japanese companies

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DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. Additionally, DGF’s production method produces ASTM certified direct replacement fuel with greater fuel density, lower particulate and NO x emissions.

Companies 370
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Chinese company reportedly seeks to invest $10B in Afghanistan’s lithium mining sector

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According to the Afghanistan Ministry of Mines and Petroleum, China-based Gochin Company company seeks to invest US$10 billion in Afghanistan’s lithium mining sector. Location of the Daykundi tin, tungsten, and lithium area of interest in central Afghanistan as one example.

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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). The Monolith process.

Hydrogen 468
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%

Carbon 352
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BMW Group invests in MOE company Boston Metal; CO2-free steel production

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The BMW Group company is investing in an innovative method for CO 2 -free steel production developed by American startup Boston Metal ( earlier post ), through its venture capital fund, BMW i Ventures. Boston Metal is commercializing molten oxide electrolysis (MOE), a patented tonnage metals production platform.

Boston 246
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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

Brief (..)