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Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

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The MOU was signed by LGES and three subsidiaries under Hanwha Group—Hanwha Solutions, owner of clean energy manufacturer Qcells, Hanwha Corporation/Momentum and Hanwha Aerospace. The two companies will also pursue technology cooperation for developing advanced ESS solutions tailored for commercial, industrial and utility market.

Energy 199
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Lifecycle study finds LNG can reduce shipping GHG emissions by up to 21%

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The report analyzes several LNG pathways, including LNG from Algeria, Australia, Qatar, Indonesia, Malaysia, Nigeria, Norway, Trinidad & Tobago and the USA. Ongoing optimization in supply chain and engine technology developments can further enhance the benefits of LNG as a marine fuel. Others (5%).

Emissions 220
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ExxonMobil projects natural gas will overtake coal as second most widely used source of energy by 2025

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Tillerson, chairman and CEO of Exxon Mobil Corporation in a speech at the 25 th World Gas Conference in Malaysia. According to our projections, over the next three decades, while natural gas supplies from conventional sources will remain the majority of production, unconventionals are likely to grow by more than 400 percent.

Coal 244
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JARE investing AUD200M in Lynas Rare Earths; heavy rare earths for Japan

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JARE was co-founded in 2011 by Sojitz Corporation and Japan Organization for Metals and Energy Security (JOGMEC); Lynas and JARE are parties to a long-term senior loan facility. Sojitz and JOGMEC have entered into an agreement with Lynas to supply up to 65% of the HRE (dysprosium and terbium, DyTb) produced by Lynas from Mt.

Japan 199
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Pensana plans $125M rare earth separation facility in England

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The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345
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UOP looking to biomass catalytic pyrolysis to expand volumes of renewable hydrocarbon fuels

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Honeywell’s UOP—a major international supplier and licensor of technology for petroleum refining, gas processing, petrochemical production and major manufacturing industries—has also been an early leader in developing technologies for the production of renewable drop-in hydrocarbon fuels. That’s a big sum. —Jim Rekoske.

Renewable 247