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Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

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Rio Tinto, Turquoise Hill Resources (TRQ) and the Government of Mongolia have reached an agreement that will move the Oyu Tolgoi (OT) copper mine project ( earlier post ) forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia.

Mongolia 150
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Topsoe to provide technology for first commercial size dynamic green ammonia plant in China

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The dynamic green ammonia plant is Topsoe’s first Power-to-X project in China and includes Topsoe’s process licensing, engineering design package, proprietary equipment, and catalysts. The clean power from wind turbines will be connected directly to the electrolysis unit making it more cost-effective than if involving a hydrogen storage.

China 218
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Benchmark: battery supply chain hit by Chinese energy cuts

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Benchmark Minerals reports that China’s ongoing energy shortage, which has seen local governments enforce intermittent power cuts since July 2021, has begun to affect domestic anode and cathode production as several producers were forced to scale back production in late Q3.

Supplies 186
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Giga Carbon Neutrality secures contract for 200 hydrogen and battery EV trucks and machinery in China

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Giga Carbon Neutrality (GCN) has secured a contract to supply 200 hydrogen and battery EV powered heavy trucks and associated engineering machinery from The People’s Government of Ejin Horo Banner, an administrative division of Ordos City of the Inner Mongolia Autonomous Region in China. The partners plan to invest RMB 2.3

Hydrogen 221
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Rio Tinto confirms $6.75B development capital for Oyu Tolgoi underground; production by Oct 2022

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Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world ( earlier post ). In 2019, Rio Tinto projected that cost overruns would take the capital requirement to between $6.5 billion and $7.2

Mongolia 243
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Sinopec Xinjiang Kuqa green hydrogen pilot project enters operation

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As China’s first green hydrogen demonstration project of over 10,000-tonne capacity and based on solar power, it is expected to produce 20,000 tonnes of green hydrogen per year that will be supplied to Sinopec’s Tahe refinery. Sinopec’s Xinjiang Kuqa Green Hydrogen Pilot project enters operation, leading China’s green hydrogen development.

Hydrogen 195
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China Yuchai enters into joint venture to expand heavy-duty diesel and gas engine production in China

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Y&C Power), has entered into a framework agreement with Baotou Bei Ben Heavy Duty Truck Co., Bei Ben), and Inner Mongolia First Machinery Group Co., Yiji Group), to form a new joint venture company to be located in Baotou, Inner Mongolia. The JV Company will have a registered capital of RMB 600 million (US$98 million).

China 186