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Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

Ford Motor Company and Sollers OJSC have signed agreements to establish a 50-50-owned joint venture in Russia. Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4

Russia 199
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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

Green Car Congress

It will improve Europe’s sustainable and secure energy supply and reduce EU’s reliance on Russian gas. Clean hydrogen is indispensable to reduce industrial carbon emissions and contribute to our energy independence from Russia. We have no time to lose, which is why this European electrolyzer summit is so opportune.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
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EIA: As of 2021, China imports more LNG than any other country

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Source: Graph by the US Energy Information Administration, based on data from Japan’s Ministry of Finance, China’s General Administration of Customs, South Korea’s Customs Institute, India’s Directorate General of Commercial Intelligence and Statistics, and Taiwan’s Ministry of Finance via Global Trade Tracker. Bcf/d in 2021.

China 273
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Turkey begins work on $15B Canal Istanbul

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Both waterways are located in Turkey and supply Western and Southern Europe with oil from Russia and the Caspian Sea region. Critics say it would destroy a marine ecosystem and endanger some of the city’s fresh water supply.

Turkey 243
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel? —Baker Institute report Need Nickel?

China 416
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Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

Green Car Congress

Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000).

Russia 186