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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

Green Car Congress

Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa. This is the equivalent of the entire world’s current renewable energy production. London, UK. Vancouver, Canada. 17th May 2022. MWh to €156.40/MWh MWh in 2050).

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GM investing $632M in Fort Wayne Assembly for future ICE truck production

Green Car Congress

General Motors plans to invest $632 million in Fort Wayne Assembly to prepare the plant for production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. This investment will enable the company to strengthen its industry-leading full-size truck business. billion since 2013.

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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.).

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BMW Group secures CO2-reduced steel for global production network

Green Car Congress

Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. The plan is to use the steel in series production of cars at the BMW Group’s European plants from 2026 onwards.

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Chile to nationalize lithium industry

Green Car Congress

Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.

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Geely begins mass production of commercial satellites; support for future vehicles

Green Car Congress

Eighteen months after start of construction of its intelligent satellite production and testing center in Taizhou, China, Geely Technology Group has begun mass production of commercial satellites. At full capacity, the plant will have an annual production capacity of 500 units. —Xu Zhihao, CEO of Geely Technology Group.

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Canada releases list of 31 critical minerals; domestic production, global impact

Green Car Congress

Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. —Seamus O’Regan Jr.

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