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European Lithium signs binding term sheet with Obeikan for hydroxide plant in Saudi Arabia

Green Car Congress

Australia-based European Lithium Limited signed a binding term sheet for the joint development and operation of a lithium hydroxide processing plant in Saudi Arabia with Obeikan Group to convert lithium concentrate into lithium hydroxide.

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Lucid signs agreement with Saudi Arabia for 155k unit capacity manufacturing facility

Teslarati

Lucid Group announced today that it has signed a contract with several Saudi Arabian government agencies that locks in plans for a production facility with an annual capacity of 155,000 units. billion in aggregate over the next 15 years to build the facility in Saudi Arabia, it said. Lucid Group will receive up to $3.4

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). Ormat Technologies, and AltaRock Energy. It was built by US Geothermal and TAS Energy.

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. Enovate has closed eight financing rounds totaling more than RMB 11.5

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Haldor Topsoe and Aquamarine enter MoU for green ammonia facility based on SOEC electrolysis

Green Car Congress

SOEC technology has synergies with the ammonia synthesis and will provide the most energy-efficient green ammonia. An example is the Helios project in NEOM, Saudi Arabia, announced in July 2020, which includes the world’s largest ammonia loop (1.2 Source: Haldor Topsoe. million tons per year) delivered by Topsoe.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. The 400,000 b/d Jizan refinery in Saudi Arabia reportedly came online in late 2021 and began exporting petroleum products earlier this year.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Live by Energy…. Energy is the foundation of Russia, its economy, its government, and its political system. Death by Energy. In the last few years, the threats to Russia’s energy industry have multiplied and intensified. Saving Russian Energy (and Russia) through the Middle East? percent of GDP in 2014.

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