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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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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Each reaches basically the same conclusion: the global non-Chinese automakers will never be able to catch up unless they radically change their corporate mindsets. Three recent accounts stand out from the pack. Williams asks.

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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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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

With EV call for slowing at house, and firms dealing with considerable import price lists in america in addition to a Ecu Union probe into Chinese language subsidies, automakers view the patch as a big enlargement alternative that, thus far, is in large part untapped. of the passenger-vehicle marketplace. Chery Car Co.

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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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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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