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Turkey begins work on $15B Canal Istanbul

Green Car Congress

Turkey has begun work on Canal Istanbul , a $15-billion canal project intended to relieve pressure on the Bosphorus Strait, with the ground-breaking for the first bridge. Both waterways are located in Turkey and supply Western and Southern Europe with oil from Russia and the Caspian Sea region.

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Ford Pro now shipping E-Transit electric vans to European customers from Ford Otosan plant in Turkey

Green Car Congress

Ford Pro is now shipping the first production units of its all-electric E-Transit van to customers across Europe from the Ford Otosan factory in Kocaeli, Turkey, a milestone that closely follows the start of deliveries to US customers from Kansas City Assembly Plant in February. Earlier post.)

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Ford Pro reveals first details of electric E-Transit Custom

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Transit Custom will be supported by Ford Pro software, charging, service and financing solutions via one comprehensive platform to help increase uptime and reduce operating costs. E-Transit Custom is intended to deliver a targeted driving range of up to 380 km, DC fast-charging, and full towing capability. Ford, SK On Co., Earlier post.).

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UN report highlights urgent need to tackle impact of EV battery production boom

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However, for various reasons (including limited infrastructure, financing and a lack of appropriate policies), refining takes place in other countries, mainly Belgium, China, Finland, Norway and Zambia, which reap the economic benefit. UNCTAD also recommends that the industry find ways to reduce its dependence on critical raw materials.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

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The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Turkey-based AKSA Akrilik Kimya Sanayii A.?. Following initial equity investments from the two companies, the JV will finance its growth through cash flow from operations and financial institutions.

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Global geothermal industry passes 12,000 MW operational

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New geothermal power came on line in Kenya, New Zealand, Nicaragua, Turkey, and Mexico, as well as Oregon, Nevada and Utah in the United States. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.