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Global geothermal industry passes 12,000 MW operational

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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.

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Volkswagen factories in the US and Mexico to link up with the Industrial Cloud

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Volkswagen plans to connect its production facilities in Chattanooga (TN), Puebla and Silao (Mexico) with the global Industrial Cloud initiative from the Volkswagen Group and Amazon Web Services (AWS). Volkswagen’s three North American plants are the first outside Europe to be networked with the Industrial Cloud.

Mexico 259
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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale.

BMW 444
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Mitsubishi Motors Corporation to supply global compact sedan to Chrysler de Mexico

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Mitsubishi Motors Corporation (MMC) and Chrysler de Mexico (CdM) announced a five-year agreement in which MMC will supply its global compact sedan to CdM, to be sold in Mexico starting November 2014. —Bruno Cattori, President and CEO of Chrysler de Mexico.

Chrysler 218
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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Technip acquiring Global Industries for $1.1B; bolstering subsea oil and gas capabilities

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France-based Technip is acquiring US-based Global Industries for $1.073 billion. Global Industries is a provider of subsea construction and pipelay, engineering, project management and support services. The management teams of Global Industries and Technip will work closely together to define the integration plan.

Industry 199
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New Mexico Adopts Greenhouse Gas Cap-and-Trade Program

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The New Mexico Environmental Improvement Board (EIB) adopted by a vote of four to three greenhouse gas reduction regulations—called the most stringent in the US—that will reduce global warming pollutants through a regional cap on greenhouse gas emissions. New Mexico Greenhouse Gas Cap-and-Trade Regulation.