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Turkey begins work on $15B Canal Istanbul

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Turkey has begun work on Canal Istanbul , a $15-billion canal project intended to relieve pressure on the Bosphorus Strait, with the ground-breaking for the first bridge. Both waterways are located in Turkey and supply Western and Southern Europe with oil from Russia and the Caspian Sea region.

Turkey 243
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Farasis Energy, Togg JV Siro starts battery module and pack production in Turkey

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Siro , a joint venture between Farasis Energy and Turkish global mobility technology brand Togg ( earlier post ), has started production at the new Gemlik site in Turkey on 31 March. Siro will supply Togg, customers of Farasis Energy Europe as well as its own customers in automotive, industrial applications and stationary storage solutions.

Turkey 259
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Leclanché to provide 10 MWh battery system for Scandlines’ PR24 zero-emission freight ferry

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Leclanché will supply a state-of-the-art GNMC battery system (65 Ah cells) with a capacity of 10,028 kWh with a maximum voltage of 864 volts guaranteed for 10 years. The ferry was designed by LMG Marin AS, Norway, and will be constructed at Cemre Shipyard in Turkey.

Emissions 273
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XCEED blockchain solution deployment to begin

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XCEED will be deployed to partners’ plants around Bursa in Turkey, Douai in France, and Palencia in Spain. XCEED is now open to global OEMs and suppliers, no matter the size, throughout the supply chain. It is also realized in interaction with DG Connect in the European Commission.

Turkey 262
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Renault-Nissan Alliance delivers €4.3B synergy target early; autonomous drive and connectivity expected to deliver major savings

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The Common Module Family and cross-production continue to reduce costs, while the development of technologies including autonomous drive and vehicle connectivity is expected to generate major savings moving forward. Collaborative work on Electric Vehicles, Autonomous Drive and connectivity. billion (US$6.1 Earlier post.) Earlier post.)

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

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As Ford creates a new EV supply chain that upholds its commitments to sustainability and human rights, the company continues to plan for more than half its global production to be EVs by 2030 and achieving carbon neutrality globally no later than 2050. BHP: For nickel supply from BHP’s Nickel West operations in Australia.

Ford 221
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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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The Strait is located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Additional oil could also be pumped north via the Iraq-Turkey pipeline to the port of Ceyhan on the Mediterranean Sea, but volumes have been limited by the closure of the Strategic pipeline linking north and south Iraq.

Oil 297