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

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion billion alternative investment firm with offices in Paris, New York, and the Bahamas.

Global 199
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. The initial stage of the production process, which involves producing lithium carbonate, the raw material for lithium hydroxide, will be conducted at a salt lake in Argentina owned by POSCO Holdings.

Argentina 369
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BASF and Catholic University of the North in Chile collaborate on mining research, development and innovation

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The aim of this collaboration is to strengthen the cooperation between academia, students and industry experts. In addition to leveraging synergies in the development of innovative products and solutions, the collaboration is also expected to provide career entry opportunities for promising mining talent.

Chile 259
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Penske Truck Leasing and NFI Industries starting to test the first fully electric Freightliner trucks from end of 2018 onwards

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Now, Daimler announced the two first customers to operate the e-vehicles within their fleet: a total of 30 Freightliner eCascadia and eM2 trucks will be handed over to Penske Truck Leasing and NFI Industries in the US. Logistics specialist NFI Industries holds a fleet of 4,000 tractors and approximately 8,900 trailers in North America.

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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

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Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. Production based on BMA will be launched in EU, Eastern Europe, Africa, South America, Middle East and Southeast Asia.

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First orders for MAN G80 dual-fuel methanol engine

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Hyundai Samho Heavy Industries Co. the major South Korean integrated-logistics company. The newbuildings will be delivered to HMM from 2025 and will operate on routes to North and South America as well as India. and HJ Shipbuilding & Construction Co.

Engine 365