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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

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The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. It’s almost impossible, and definitely a race against time. Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7%

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ArcelorMittal publishes concept for global low-carbon emissions physical steel standard

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ArcelorMittal published a concept for a low-carbon emissions steel standard to help incentivize the decarbonization of steelmaking globally and support the creation of market demand for physical steel products which would be classified as lower, and ultimately near-zero, carbon emissions steel.

Standards 431
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Global Bioenergies reports first production of isobutene from wheat straw at the industrial pilot scale

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Global Bioenergies and Clariant announced the first isobutene production from a wheat straw hydrolysate, in the industrial pilot of Pomacle Bazancourt. This hydrolysate was converted into renewable isobutene in Global Bioenergies’ industrial pilot operated by ARD in its Pomacle-Bazancourt facility.

Global 150
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US Steel and CarbonFree sign MoU to capture CO2 at Gary Works

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If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO 2 per year, the equivalent to carbon emissions from nearly 11,000 passenger cars. SkyCycle technology is modular, scalable and patented and is designed to directly capture CO 2 emissions from industrial emitters.

CO2 368
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Linde and Praxair to merge; global industrial gas major valued at > $70B

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have entered into a definitive business combination agreement (BCA) to come together under a new holding company through an all-stock merger-of-equals transaction. The proposed merger brings together two leading companies in the global industrial gas industry, leveraging the proven strengths of each.

Global 150
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Cummins to acquire Meritor in $3.7B deal

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Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Meritor is an industry leader in axle and brake technology. —Tom Linebarger, Chairman and CEO, Cummins.

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CAR report quantifies automotive’s position as a leading high-tech industry

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Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. After reviewing of the works of several researchers and government agencies, CAR developed a working definition to differentiate high-tech industries from other sectors.