article thumbnail

POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. Earlier post.)

Argentina 369
article thumbnail

Rolls-Royce and SOWITEC cooperate on power-to-X projects

Green Car Congress

This green hydrogen can be used as fuel for fuel cells and hydrogen engines, to produce industrial feedstock and to produce sustainable e-fuels for marine, aviation, agriculture, mining and data center power. The plants will use renewable energy sources to generate electrical power that will be used to produce hydrogen with mtu electrolyzers.

Power 186
article thumbnail

Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

Green Car Congress

which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Its manufacturing platform integrates its proprietary technology in novel combinations with established industrial processes (metathesis, transesterification, hydrogenation).

Financing 210
article thumbnail

Volkswagen picks up pace of transformation with new ACCELERATE strategy

Green Car Congress

With the new ACCELERATE strategy that it has just unveiled, the company will systematically prepare for the profound changes in the automotive industry in good time. To be able to finance the sizable future investments, the company will systematically work on increasing its efficiency with ACCELERATE. Increasing profitability.

article thumbnail

Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

Green Car Congress

In the initial HDF Energy project, an installation is planned in French Guiana, an overseas department and region of France located off the northern Atlantic coast of South America, under the Centrale Electricité de l’Ouest Guyanais (CEOG) project.

Energy 195
article thumbnail

Ford CEO Fields elected to IBM Board of Directors

Green Car Congress

Mark led the highly successful transformation of his company in a competitive industry where technology has driven innovation. In 2014, he became president and chief executive officer and was elected to the company’s board of directors, where he serves on the board’s finance committee. Fields joined Ford in 1989.

Ford 150
article thumbnail

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

Green Car Congress

The 650,000 b/d Dangote Industries refinery in Lagos, Nigeria, set to be the largest in the country when completed, may come online in late 2022 or 2023. More than 2 million b/d of new refining capacity construction is expected to come online to support markets in the Indian Ocean basin in 2022. million b/d in 2022 and by 2.1

Global 448