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

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POSCO Pilbara Lithium Solution, a wholly-owned subsidiary of POSCO Holdings, will be responsible for the financing, construction, and operation of the plant. A pilot plant was manufactured in South Korea in 2017 with a capacity of 2,500 tons / year of lithium; this was then brought to and installed in Argentina. Earlier post.)

Argentina 369
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Elevance Renewable Sciences raises $100M in Series C Financing; Total Energy Ventures joins in

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which is commercializing olefin metathesis technology for renewable fuels and chemicals, has raised $100 million in its Series C financing round. Naxos Capital Partners led the round with additional new investors, including Total Energy Ventures International, joining TPG Biotech and TPG Growth in the financing.

Financing 210
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Rolls-Royce and SOWITEC cooperate on power-to-X projects

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gigawatts of solar and wind projects installed in South America, Europe and Asia, the Baden-Württemberg-based company has extensive experience in developing financeable turnkey renewable energy projects, from concept to implementation, including investor sourcing. With more than 4.2

Power 186
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Volkswagen picks up pace of transformation with new ACCELERATE strategy

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To be able to finance the sizable future investments, the company will systematically work on increasing its efficiency with ACCELERATE. In South America and the United States, Volkswagen is striving to break even in the current fiscal year. Increasing profitability. Faster expansion of e-mobility.

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

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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. —Kevin Colbow, Ballard Chief Technology Officer.

Energy 195
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TerraStar Energy to license Emerging Fuels Technology’s Fischer-Tropsch and Maxx Jet/Maxx Diesel upgrading technology

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—Rob Redfearn, CEO of TerraStar Construction times are as low as 12-18 months, greatly reducing the carrying costs of financing compared to larger plants which can take three years to complete. TerraStar hopes to shorten the turn-around times even more as they scale this technology.

Diesel 170
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Ford CEO Fields elected to IBM Board of Directors

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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. Prior to these positions, he was executive vice president, Ford Motor Company, and president of Ford’s Americas division. —Ginni Rometty, IBM chairman, president and CEO.

Ford 150