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Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.
Porsche and Siemens Energy have joined forces with a number of international companies to build an industrial plant for the production of nearly CO?-neutral neutral fuel (eFuel) in Punta Arenas, Chile. Among other things, we’ll be using the first fuel from Chile in our Porsche Mobil 1 Supercup race cars from 2022.
E-Fuels company HIF Global, together with partners, authorities, and community representatives, celebrated the production of the first liters of synthetic gasoline at the Haru Oni Demonstration Plant in southern Chile. Chile’s Minister of Energy, Diego Pardow, headed the ceremony where a Porsche 911 was loaded with synthetic fuel.
Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni eFuel pilot plant in Punta Arenas (Chile). Earlier post.).
The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA). New project announcements have increased the resource under development to about 30,000 MW.
Chile’s Ministry of Mining awarded China-based BYD a contract to extract up to 80,000 tons of metallic lithium. The other lithium extraction contract, also for 80,000 tons, went to Chile-based Servicios y Operaciones Mineras del Norte SA, for an offer of US$60 million. million tons, according to the US Geological Survey (USGS).
BASF and the Catholic University of the North (UCN) in Antofagasta, Chile, have signed a collaboration agreement to promote research, development and innovation in mining. The aim of this collaboration is to strengthen the cooperation between academia, students and industry experts.
Porsche, Siemens Energy and partners are developing and implementing a pilot project—the “Haru Oni” project—in Chile that is expected to yield the world’s first integrated, commercial, industrial-scale plant for making synthetic climate-neutral fuels (eFuels). Electrolyzers will use wind power to produce green hydrogen.
The project is the companies’ third energy storage facility in Northern Chile, integrating 20MW of advanced battery-based energy storage with a 532MW thermal power plant. The project is owned by AES Gener, the second-largest power generator in the country, and Mitsubishi Corporation.
At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Water, a potential by-product, is drained off. Earlier post.)
World’s biggest green hydrogen project developers and partners come together to launch Green Hydrogen Catapult initiative New initiative aims to drive down costs to below $2 per kilogram, to transform energy across most carbon intensive industries, accelerating race to zero emissions Founding partners include. ºC campaign. degrees Celsius.
IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. Electrolysis production is ramping up with multiple “giga-factories” under development. Investment in electrolysis is booming around the world.
Renewable hydrogen is an energy carrier produced from renewable sources such as wind and solar and can be used to replace fossil-based hydrogen for industrial processes or as alternative fuel in the transport sector, especially in heavy-duty and long-distance trucks, buses, ships and planes. These are higher than for industrial uses.).
A consortium led by South Korea’s POSCO and Samsung SDI, and including China’s Sichuan Fulin Industrial Group and Chile’s Molyment, has won a bid to build a cathode materials plant in Chile to support that country’s Li-ion batteries project. POSCO has also acquired a 4.75% stake in the mining company.
ADLF), a company with exploration tenements in Chile’s prospective Atacama region, and to enter a joint venture with Corporación Nacional del Cobre de Chile ( Codelco ) to explore and potentially develop Agua de la Falda’s assets. Rio Tinto has agreed to purchase Pan American Silver’s stake in Agua de la Falda S.A.
In good news for the Australian mining industry, miners produced 55,000 tonnes of lithium in 2021, a 28% increase from the 39,700 tonnes of lithium produced in 2020. This is approximately half of global production.
We face a time of incredible expansion in hydrogen production amid global supply chain challenges. We look forward to starting construction at the pioneering Texas green hydrogen and eFuels facility, with Siemens Energy’s industry leading electrolyzer design and manufacturing strength.
Sociedad Química y Minera de Chile S.A. This strong demand growth expectations give us confidence as we remain focused on expanding our lithium production capacity. As the company continues with lithium capacity expansion in Chile, it expects to invest approximately US$1.4 million—almost 7x the US$585.5 million (53.6%
Distribution of reserves (dashed circles) and world primary production (solid circles) with the main companies present on current production sites and on-going projects. More generally, vulnerabilities economic, industrial, geopolitical or environmental issues are still possible. Source: USGS, 2017).
The dedicated Global Business Management for Oilfield Solutions unit (which now includes exploration, production and EOR) will be relocated to Houston, Texas, United States, led by Denise Joost. Houston is recognized as the global hub for the oil and gas industry.
China-based Tianqi Lithium, a leading global supplier of lithium products, has agreed to purchase 62,556,568 A shares of Sociedad Química y Minera de Chile S.A. SQM is an integrated producer and distributor of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals.
Currently, virtually all of the lithium used in the US is produced outside the country—most is mined in Argentina, Chile, China, and Australia. California has vast lithium deposits—potentially as much as one-third of the world's current lithium demand according to some industry estimates. Earlier post.). Earlier post.).
Several companies have initiated a “Responsible Lithium Partnership” aiming to work towards responsible natural resource management, including lithium, in Chile’s Salar de Atacama. This cross-industry partnership is funded at its inception by BASF, Daimler AG, Fairphone, and Volkswagen Group.
The world has entered the “lithium century” almost without noticing it, but until now this critical industry lacked a central voice. Orocobre Ltd; and Pilbara Minerals, which between them account for well more than half of global lithium production. ppm Li (0.0018%).
Under the terms of the MoU, Compass Minerals would supply LGES with with a battery-grade lithium product from its lithium brine development project at its Ogden, Utah, solar evaporation facility. As outlined in the MOU, purchase pricing would be based on market price and sales volume thresholds would be dependent upon product qualifications.
In the traditional process, which still accounts for more than half of copper production, smelters roast a mixture of copper sulfide ore and oxygen. Experience in the aluminum industry shows that it is actually fairly cheap to make the electrolysis device, Allanore said. —Antoine Allanore. Sadoway, John F.
BAL will have the right to equity participation and will receive royalties on all ethanol and by-products produced by the partnership. Statoil is responsible for developing and managing the seaweed aquafarming operations, with consultation from BAL, which already has aquafarming operations in Chile. Earlier post.)
Based on company announcements to date related to operation scale-downs and closures, as well as national, provincial and local governmental measures, Roskill estimates that approximately 110Kt of mined LCE production could be lost over the course of 2020, due directly to actions taken to prevent the spread of COVID-19.
Toyota Tsusho said the company had a strategy to invest in the Olaroz Lithium-Potash Project in order to secure access to competitive, low-cost lithium carbonate production in a timeframe closely aligned with worldwide lithium requirements for hybrid and electric vehicles. Exploration sampling at Salar de Olaroz. Source: Orocobre.
Nissan Motor will invest $600 million in Argentina and will become an Original Equipment Manufacturer (OEM) with the domestic production there of an all-new NP300 Frontier pick-up. With the investment of US$600 million, the company will build pick-up trucks in Renault’s industrial complex in Córdoba on a dedicated pick-up assembly line.
Australia’s Department of Industry, Science and Resources released the December 2022 edition of the Resources and Energy Quarterly (REQ). Australia is the largest lithium exporter in the world, accounting for 46% of the world’s lithium production in 2021. billion in 2021–22 to $16.1 billion, and $17.0 billion in 2023–24.
for the addition of lithium hydroxide production at its current operation in Kings Mountain, North Carolina. million grant from the US Department of Energy to expand and upgrade the production of lithium materials for advanced transportation batteries. (a subsidiary of Rockwood Holdings, Inc.) The project is funded in part by a $28.4-million
The technology is efficient, resulting in high-yield eSAF production at a lower cost relative to comparable technologies, Honeywell says. HIF Global is the first customer to sign a commercial agreement for the production of eSAF using Honeywell UOP eFining. Earlier post.)
Fincantieri and Enel Green Power Italia have signed a memorandum of understanding (MOU) to define an integrated solution for the production, supply, management and use of green hydrogen for port areas and long-range maritime transport.
Currently, Germany is a net importer of lithium needed for the production of battery cells for electric vehicles. Imports are coming from the typical mining countries Chile, Argentina, and Australia, which account for more than 80% of global production. Heavy rainfall can set back production there by weeks or even months.
Pacific Road Capital is a private equity manager which invests in the global mining industry. Pacific Road currently has investments in projects in the Americas (including two projects in Chile), Australia, Pacific and Africa with its primary focus on investment opportunities in resource-rich regions where country risk is manageable.
The eFuel will be sourced from the Haru Oni pilot plant based in Chile that generates hydrogen, which is then combined with captured carbon dioxide drawn from the atmosphere to produce methanol. As the fuel’s primary user, Porsche will use the eFuels from Chile among others in the Porsche Mobil 1 Supercup starting in the season of 2022.
IBC Advanced Technologies, a developer of highly selective separations products, engineered systems and processes based on Molecular Recognition Technology, announced Phase One results of the Direct Lithium to Product (DLP) pilot plant currently operating at Salar de Maricunga, Chile. g/L) and Ca (7.2
The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. The industry is being impacted largely by the uncertainty for the future, and this issue started to arise even before the pandemic took hold.
The first project will involve testing the application of an innovative large-volume filter unit at a BHP copper mine in Chile, which would remove up to 80% of the water in the tailings stream before it is deposited in a storage facility.
Johnson Matthey also has signed a term sheet for the supply of nickel and cobalt from Russia-based Nornickel, and an agreement for the supply of lithium hydroxide from SQM—both agreements supporting a long-term sustainable supply of critical raw materials for battery materials production. Securing lithium supply with SQM.
Last year’s 12 percent slide by the Bloomberg Commodity Index —spurred by 20 percent-plus declines by industrial bellwethers like West Texas Intermediate crude, steel and platinum—came in the wake of two years of modest gains. The fact that much of the rally coincided with a sharp rise in the value of the U.S.
The collaboration is focused on unlocking the North American supply of lithium by using EnergyX’s direct lithium extraction (DLE) technology portfolio to maximize efficiency while improving sustainability for GM’s rapidly scaling EV production. We will unlock lithium supply in the US, a pivotal move in expanding the EV industry.
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