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SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, SouthKorea. SK On has been actively building various cooperative relationships to strengthen the raw material supply chain.
The HCEC joint venture operation will be located in the city of Daegu, Korea, with engine manufacturing to commence in 2014. The new facility will have a capacity in place to build more than 50,000 engines per year at full production. HCEC will supply engines spanning the MidRange 5.9-liter liter to 8.9-liter
Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. —Geert Bruyneel, head of global production operations. Volvo XC40 Recharge powertrain.
Volvo Construction Equipment (Volvo CE) announced an investment into battery pack production at its excavator plant in Changwon, SouthKorea. The Changwon plant in SouthKorea specializes in the production of excavators and is the biggest excavator production site in Volvo CE. With the SEK 80-million (around $7.8-million)
SouthKorea-based SK Innovation, a developer of lithium-ion batteries for electric vehicles, will invest $1.67 billion to build a new electric vehicle (EV) battery manufacturing plant in Georgia. SK Group has been building relationships within the United States for decades.
Korea Gas Corp. KOGAS), the state-run natural gas supplier and a major global importer of LNG, plans to spend 4.7 billion) to build hydrogen-producing facilities by 2030. KOGAS said demand for hydrogen in SouthKorea will reach 1.94 SouthKorea has been seeking to boost the hydrogen economy as a new growth engine.
SouthKorea-based POSCO, a global steel producer, and SK Energy Co., Domestic production of synthetic natural gas is expected to substantially reduce Korea’s dependence on imported liquefied natural gas. POSCO plans to build a coal-to-SNG plant by 2013 with an annual production capacity of 500,000 tons.
Group14 Technologies, a global provider of silicon-carbon composite materials for lithium-ion markets, and SK materials, one of the world’s top manufacturers of special gases and industrial gases, are forming a joint venture to build a factory for lithium-silicon battery materials in SouthKorea.
The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.
Ltd has signed a Memorandum of Understanding for the joint development of a solid oxide fuel cell (SOFC) system for marine propulsion and power generation with Navig8, a Singapore-based major shipping company which operates 140 chemical and oil tankers globally. Doosan Fuel Cell Co., Earlier post.).
POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. POSCO Group’s lithium brine demo plant in Argentina.
Photo: Panoramic view of LG Chem’s petrochemical complex in Yeosu, SouthKorea. LG Chem will start replacing fossil feedstock commonly used in the manufacturing of polymers and chemicals with Neste Renewable Hydrocarbons in the upcoming months.
In a new report ( Transportation Forecast: Global Fuel Consumption ), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 of global consumption in 2014 to more than 16.4% of global road transportation sector consumption by 2035. —“Transportation Forecast: Global Fuel Consumption”.
Major solid-state battery players globally. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and SouthKorea playing a significant role. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Source: IDTechEx.
The Tennessee facility allows LG Chem to address the changing dynamics of the global battery material market and with legislation such as the “Inflation Reduction Act” (IRA). LG Chem applied this technology for the first time to its fourth cathode manufacturing site in Cheongju, SouthKorea with much success.
US predominance in science and technology (S&T) eroded further during the last decade, as several Asian nations—particularly China and SouthKorea—rapidly increased their innovation capacities. China led the Asian expansion, with its global share growing from just 4% to 15% during this period.
Benchmark’s Tier One producers of automotive-grade lithium-ion battery cells—as of its February 2022 assessment—are: Panasonic (Japan); Samsung SDI and SK Innovation (SouthKorea); Envision AESC, CATL, and BYD (China). LGES(Poland): 67 GWh. ACC (Total/Stellantis) (Germany, France, Italy): 64 GWh.
The German H 2 Mobility initiative to deploy public refueling stations by 2015 has committed to build 50 stations (although it has not yet reached 20). In the Asia Pacific region, Japan and SouthKorea also have plans in place to expand infrastructure for 2015.
SouthKorea’s presidential office revealed that President Yoon Suk-Yeol and Elon Musk conversed about Tesla in a video call on Wednesday, November 23. During the video call, Elon Musk reportedly told President Yoon that he considered SouthKorea one of the top candidates for a Tesla factory in Asia, reported Reuters.
billion to produce electric vehicles at a new factory in SouthKorea. Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. million units by 2030.
The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2 We see energy storage growing to a point where it is equivalent to 7% of the total installed power capacity globally in 2040. China, the US, India, Japan, Germany, France, Australia, SouthKorea and the UK will be the leading countries.
Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. Source: 2020 Global Status on CCS. World map of CCS facilities at various stages of development.
Global cumulative energy storage installations. The report goes on to model the impact of this on a global electricity system increasingly penetrated by low-cost wind and solar. In the near term, renewables-plus-storage, especially solar-plus-storage, has become a major driver for battery build. Source: BloombergNEF.
Hanwha Group and LG Energy Solution (LGES) will invest in building battery production facilities in the United States. Hanwha Momentum will seek to supply key battery manufacturing facilities for LGES, which is constructing joint battery factories with global automakers such as GM, Stellantis and Honda.
billion in a new small car plant in Mexico, building a new manufacturing site in San Luis Potosi State. Mexico is Ford’s fourth-largest vehicle manufacturing site for global customers—behind the US, China and Germany. The investment is part of the company’s One Ford global product and manufacturing plan.
billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 billion, level with 2019 despite falling unit prices.
The investment from Volvo Group will allow the Arvika factory in Sweden to expand its facilities with a new building and allow for the phased introduction of new electric wheel loaders. Building work is set to begin later this year, with further announcements on when production will begin to come.
General Motors’ Changwon (Korea) Assembly plant, home of the brand new Chevrolet Spark and Spark EV, has reached an agreement with renewable energy company KC Cottrell to build a three-megawatt solar installation on the plant’s rooftop. GM has more than 33 megawatts of solar energy installed at its global facilities.
Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. Global emissions from the energy sector stood at 32.1 The data signal a continuing decoupling of emissions and economic activity.
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.
The ceremony was held at Kia’s Hwaseong plant, located in Gyeonggi Province, SouthKorea, and was attended by over 200 people, including government officials, Hyundai Motor Group Executive Chair Euisun Chung, Kia’s Global President and CEO […] The post Kia starts building facility for electric purpose-built vehicle (PBV) production appeared first (..)
WiTricity, a pioneer in wireless power transfer over distance, has entered into licensing and technology transfer agreements with Green Power, a leading SouthKorea-based supplier of power electronics and high power wireless charging systems for various applications.
Global light vehicle assembly will reach 81.8 This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. Global automotive industry regional highlights include: North America. million units.
Airbus and Linde, a leading global industrial gases and engineering company, have signed a Memorandum of Understanding (MoU) to work on the development of hydrogen infrastructure at airports worldwide. Building the infrastructure is just as crucial.
SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. SKIET has factories in SouthKorea, China, and Poland.
Outside of Japan, markets increased in power plants (SouthKorea), CHP and electricity generators (North America), and uninterruptible power supplies (UPS) for base stations (worldwide). Another important application is large prime power fuel cells, which enable buildings to produce base load power.
To make this happen, the BMW Group has been collaborating with Seoul Robotics from SouthKorea and Embotech from Switzerland. For the startups, this offers valuable insights into automotive processes, an opportunity to build up networks in the industry, and support with the further development of their business plans.
It is one of nine high-margin major projects that bp plans start up by the end of 2025 globally. Operating in 4,500 feet of water about 190 miles south of New Orleans, Argos will support 250 permanent jobs. Construction on Argos began in March 2018 at Samsung Heavy Industries shipyard in SouthKorea.
In October of 2010, SK Innovation successfully started up and operated an ACO Demonstration unit at its facility in Ulsan, SouthKorea, which met the expectations of both companies. We will work closely together with KBR and SK Innovation to build a plant that successfully demonstrates the technology.
According to the WNA report, Global Nuclear Fuel Market: Supply and Demand 2011-2030 , it is still too early to assess the full impact of the Fukushima accident on the world nuclear fuel market. However, it is possible to make some “reasonable deductions,” the report notes.
Wanxiang is a diversified manufacturing enterprise with interests in equipment and automotive parts manufacturing, where it has become one of the largest global suppliers, clean energy, financial services, agricultural products, natural resources, real estate and investments.
a storage solution and battery materials company based in SouthKorea. Yulho is currently building a high-purity black mass facility with an annual capacity of 8,000 metric tonnes, the largest in SouthKorea, and expects to commence production later this year, with plans to expand to 24,000 tonnes of capacity in the future.
Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global will use blockchain technology to trace and validate ethically sourced minerals in an effort to support human rights and environmental protection while helping infuse more transparency into global mineral supply chains. Goldcorp Inc., ING Bank, Kutcho Copper Corp.,
The Organization for Economic Cooperation and Development (OECD) and the IEA have found that eliminating fossil fuel subsidies by 2020 would reduce global greenhouse gas emissions in 2050 by ten percent. Many countries are reducing fossil fuel subsidies while preventing adverse impact on the poorest.
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