Remove Financing Remove Global Remove International Remove Supplies
article thumbnail

Germany and Australia to establish alliance on green hydrogen supply chain

Green Car Congress

German Federal Minister of Economics Peter Altmaier and Federal Minister of Research Anja Karliczek, together with their Australian counterpart, Energy Minister Angus Taylor, have signed a letter of intent to establish a “Germany Australia Hydrogen Accord” to facilitate a green hydrogen supply chain between the countries.

Australia 334
article thumbnail

BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

Green Car Congress

BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

BMW 199
article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said.

article thumbnail

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. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2023.

Global 448
article thumbnail

Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC. AME remains the majority shareholder of HIF Global LLC. Earlier post.).

Porsche 243
article thumbnail

UC Davis report urges policy actions to accelerate equitable transition to ZEVs in Global South

Green Car Congress

Facilitating a Transition to Zero Emission Vehicles in the Global South ” examines the status of zero-emission vehicle (ZEV) uptake across the world and considers how to accelerate the transition. Despite these developments, the global distribution of ZEVs remains deeply uneven, the report says.

Davis 210
article thumbnail

Study confirms €1T green hydrogen potential for Africa

Green Car Congress

Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. The report was formally handed over to partners on 20 December.

Africa 481