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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

Green Car Congress

The global net zero transition can represent a $3.5-trillion trillion investment opportunity for Indonesia, according to a new report published at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia. trillion under the NZS.

Indonesia 195
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Nornickel presents market review of nickel and platinum group metals

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Despite extremely low LME nickel exchange inventories, which are currently at the 2007 level and amount to less than 5 days of global use only, the LME nickel contract was down by 30% since the beginning of the year. Nickel use remains very robust in the long run, driven by higher demand in the battery sector and renewable energy.

Market 304
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Air Products and Topsoe sign global alliance agreement for collaboration on large-scale ammonia, methanol, and/or dimethyl ether projects

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Air Products, a leader in industrial gases and megaproject development, and Haldor Topsoe, a leader in high-performance catalysts and proprietary technology for the chemical and refining industries, have signed a global Alliance Agreement. Half of all the ammonia used to make artificial fertilizer is produced using Topsoe catalysts.

Global 259
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Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). In Nevada, NV Energy is looking to replace coal plants with 300 MW of renewable energy, including geothermal.

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Paxocean, Hong Lam Marine and Bureau Veritas partner to develop design for ammonia bunker vessel

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The MOU will foster innovation in smart and autonomous ship technologies,and support the use of green ammonia as a sustainable fuel to help decarbonize global shipping. A subsidiary of Kuok Singapore Limited, PaxOcean owns and operates five shipyards located in Singapore, China and Indonesia.

Mariner 243
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T&E: Europe burns 19 million bottles of sunflower and rapeseed oil every day in cars

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Ukraine accounts for 40% of the global sunflower oil exports and is also Europe’s largest supplier of rapeseed oil. Recently, Indonesia temporarily banned exports of palm oil to stabilize local prices. Policymakers should end support for food crop biofuels now and help to avoid a growing global food catastrophe.

Oil 334
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Stellantis and LG Energy Solution to invest > $5B CAD in JV for 45 GWh gigafactory in Canada

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Canada is committed to establishing a broad, local battery ecosystem by leveraging, among other things, its leadership in the generation of electricity from renewable sources. The battery manufacturer has previously announced plans to invest approximately $4.6 billion (USD) into battery facilities in North America.

Canada 199