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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. Preliminary data for May show total OECD stocks building by 6 mb. Assuming Libya rebounds from a steep drop, the bloc’s production could increase 2.6

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India becomes South Africa’s top country for vehicle imports

Baua Electric

By: PTI | Updated on: 17 Sep 2024, 08:55 AM India has been the leading source for vehicle imports in South Africa since 2013, driven by small vehicle demand. Tata and Mahindra have established a … India has been the leading source for vehicle imports in South Africa since 2013, driven by small vehicle demand. billion in 2023.

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Zimbabwe’s Kuvimba signs USD 310 mn lithium mine deal – ET Auto

Baua Electric

Zimbabwe ‘s state-owned Kuvimba Mining House has signed a 310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday.

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Axion International signs LOI to form global JV with Sicut Holding to target $8B railroad tie market with recycled structural composites

Green Car Congress

Axion International, a leading producer of industrial building products and railroad ties made from 100% recycled plastic ( earlier post ), has signed a non-binding Letter of Intent (LOI) with Sicut Holding Limited (previously Micron Inc. The JV does not relate to other applications of RSC technology, aside from railroad ties and sleepers.

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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. “If you want to get to 20%, you just have to calculate how much you need to build here.” ASML equipment sales to China hit 6.3 billion euros (USD 6.9

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Bharat Forge’s Amit Kalyani on what’s wrong with India’s EV model and whether green hydrogen is the silver bullet – ET Auto

Baua Electric

Addressing India Global Forum’s Climate and Business (ClimB) session in London, company vice-chair and joint managing director Amit Kalyani pointed to great potential to incorporate inductive electric charging as the highway infrastructure takes shape around the country. . “India has significant financing needs.

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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

But continuing to build new coal-fired plants will leave producers with only bad options toward a net-zero future by 2050. South Africa and India have good iron ore reserves and the potential to produce a large amount of low-cost clean power. The global steel industry is poised to begin a titanic pivot from coal to hydrogen.

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