Glencore Joins Global Battery Alliance's Battery Passport Proof of Concept

Glencore Joins Global Battery Alliance’s Battery Passport Proof of Concept

Swiss-based commodities trading and mining major Glencore said it would join the world’s first battery proof of concept established by the Global Battery Alliance. The alliance launched the proof of concept for its battery passport at the World Economic Forum, as part of its aim to develop a sustainable battery value chain by 2030….

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#batterypassport #ElectricVehicles #EVbattery #Glencore #GlobalBatteryAlliance #supplychain #sustainability

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Imperial Oil to Spend $720 Million for Canada's Largest Renewable Diesel Plant

Imperial Oil to Spend $720 Million for Canada’s Largest Renewable Diesel Plant

Calgary-based Imperial Oil announced it will invest $720 million to build Canada’s largest renewable diesel facility at its refinery near Edmonton. The company aims the plant to produce more than one billion liters of fuel per year using vegetable oils from canola and soybean. Preparations and initial construction are under way for the 20,000 barrels per day facility, which will start operations in 2025, the company said. …

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#AirProducts #biodiesel #biofuels #bluehydrogen #canada #Diesel #ImperialOil #investment #oil

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European Steel, Wind Industries Want EU to Expand Critical Minerals List

European Steel, Wind Industries Want EU to Expand Critical Minerals List

The European steel and wind industry associations Eurofer and WindEurope issued a joint statement on Thursday urging the European Union to improve access to critical minerals for clean energy in its upcoming Critical Raw Materials Act (CRMA), including materials that are not already included, like glass fibre. The EU is set to unveil the CRMA on March 8 to secure the bloc’s supply of raw materials such as lithium, cobalt, manganese and rare earths needed for energy transition technologies. …

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#criticalminerals #energysecurity #energytransition #Eurofer #EuropeanUnion #metals #mining #renewableenergy #steel #WindEnergy #WindEurope

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EU Considers $100 per Barrel Price Cap on Russian Premium Petroleum Products

EU Considers $100 per Barrel Price Cap on Russian Premium Petroleum Products

The European Commission proposes that the European Union set a $100 per barrel price cap on premium Russian oil products, such as diesel and a $45 per barrel cap on discounted products like fuel oil. The Commission’s proposal was sent to EU member governments on Thursday. It will be discussed by representatives at a meeting on Friday afternoon, as the bloc wants to reach a deal before the cap on imported Russian oil products takes effect on Feb. 5, in line with an agreement by G7 nations. …

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#Diesel #EuropeanUnion #fueloil #oil #Russia #sanctions #UkraineCrisis

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Netherlands, Japan Nearing Agreement with U.S. on China Chip Restrictions

Netherlands, Japan Nearing Agreement with U.S. on China Chip Restrictions

Japan and the Netherlands are expected to join the United States in restricting exports of semiconductor manufacturing equipment to China. Talks between the countries could come to a conclusion as early as Friday. The Netherlands is set to restrict ASML Holding, which will prevent it from selling at least some of its so-called deep ultraviolet lithography machines, crucial to making some types of advanced chips and without which attempts to set up production lines may be impossible….

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#china #industry #japan #Netherlands #semiconductor #technology #tradewar #UnitedStates

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LGES in Discussions with Tesla to Supply EV Batteries from Arizona Plant

LGES in Discussions with Tesla to Supply EV Batteries from Arizona Plant

LG Energy Solution said on Friday it is in active discussions with Tesla and electric vehicle (EV) startups to supply batteries from its proposed Arizona plant in the United States. The company is currently supplying batteries to Tesla from its China factory. The South Korean battery maker said it is reviewing investments in building the new Arizona plant. …

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#Arizona #automotive #ElectricVehicles #EVbattery #InflationReductionAct #LGEnergySolution #Tesla #UnitedStates

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GE, Cisco, Visa Consider South Africa Investment as U.S. Look to Expand Trade Ties

GE, Cisco, Visa Consider South Africa Investment as U.S. Look to Expand Trade Ties

U.S. Secretary of State Yellen said Washington is looking to expand trade ties with countries that it can “count on”, including South Africa, during her visit to the country. She also praised Ford’s 100-year history of assembling vehicles in the country in her remarks following a tour of the Ford plant in Pretoria. South Africa is the latest stop in Yellen’s Africa trip, which also included Senegal and Zambia. It aims to expand U.S….

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#africa #bilateraltrade #ForeignInvestment #geopolitics #JanetYellen #SouthAfrica #SubSaharanAfrica #UnitedStates

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Germany's HH2E Plans Second Hydrogen Plant Worth More Than €1 Billion

Germany’s HH2E Plans Second Hydrogen Plant Worth More Than €1 Billion

German energy firm HH2E is planning to build a second hydrogen plant in Germany that could be scaled up to more than 1 GW by 2030 and cost more than €1 billion. The company designated Saxony as the plant’s location, and it will be con-funded by UK-based shareholders Foresight Group and HydrogenOne Capital Growth, as well as HH2E. It added that a final investment decision is expected this year. …

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#energysecurity #germany #GreenHydrogen #HH2E #renewableenergy

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Mexico Seeks Compromise with Lithium Company as Part of Nationalization Efforts

Mexico Seeks Compromise with Lithium Company as Part of Nationalization Efforts

Mexican President Lopez Obrador said on Tuesday his government was looking to make a compromise with a company in the Northern state of Sonora, as the government tries to nationalize the country’s lithium resources. Lopez Obrador did not name the firm but China’s Ganfeng has been developing a major lithium project in Sonora, where it aims to produce 35,000 tons of the battery metal per year….

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#batterymetals #china #ElectricVehicles #GanfengLithium #Lithium #mexico #nationalization

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