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EIA forecasts 2023 global production of liquid fuels to exceed 101 MMb/d for first time

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This change came after OPEC and its partner countries (OPEC+) announced crude oil production cuts for 2023. Despite OPEC+ announcing it would cut crude oil production by 1.2 Despite OPEC+ announcing it would cut crude oil production by 1.2 per gallon this summer, peaking between $3.60/gal gal and $3.70/gal gal in June.

Global 210
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Arbios Biotech forms global alliance with Shell Catalysts & Technologies; wood and post-consumer biomass to finished products

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Arbios Biotech, a joint venture between Licella and Canfor ( earlier post ), and Shell Catalysts & Technologies (SC&T), have formed a new global alliance aimed at utilizing SC&T’s upgrading technology capability in the pursuit of a low-carbon intensity, circular-economy-focused biorefinery.

Global 221
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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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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

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Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing. Rap Eco Motors delivers premier e-rickshaws nationwide and abroad to countries in Asia, Africa, Europe and South America.

Auto 243
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MAN Truck & Bus will offer an eBus chassis for the global market; NMC and LFP battery options

Green Car Congress

MAN Truck & Bus will in future be offering an eBus chassis for the global market. First prototypes are to be delivered as early as 2023, series production is slated to start in 2024. First prototypes are to be delivered as early as 2023, series production is slated to start in 2024.

Global 221
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GM Creates New South America Regional Organization

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General Motors is creating a new regional organization to meet rising customer demand in South America. GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. GM South America currently has 29,000 employees.

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

Green Car Congress

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