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Chemicals & Energy: Page 50

Hyundai and LG Planning to Spend an Additional $2B on Georgia Battery Plant
The two companies will spend a total of $7.59 billion on the plant and create 8,500 new jobs in Bryan County, Georgia.
Photo: iStock.com/PhonlamaiPhoto
Hope for Offshore Wind Boom in Gulf of Mexico Dims with Low Bids
RWE Offshore U.S. Gulf LLC won a 102,480-acre (41,472-hectare) tract near Lake Charles, Louisiana for $5.6 million after just two rounds of bidding.
Photo: iStock.com/vice_and_virtue
Indian PM Urges Critical Minerals Leaders to View Control as a “Global Responsibility”
Modi added that India could build an efficient and reliable supply chain in comparison to pre-COVID-19 supplies that “broke down” when the world needed them most.
Photo: iStock.com/Africanway
Trade Rep: China’s Rare Earths Dominance Can Lead to U.S. Vulnerability
U.S. Trade Representative Katherine Tai said that the U.S. is not where it wants to be in terms of supply chains and its reliance on China.
Photo: iStock.com/RHJ
Fossil Fuels Subsidized at a Rate of $13M Per Minute in 2022
The IMF found ending fossil fuel subsidies could cut global emissions outputs by 34% by 2030 when compared to levels seen in 2019.
Photo: iStock.com/Guven Polat
OPEC May Need to Cut Again as Fragile Members Recover, Citi Says
Iran, Iraq, Libya, Nigeria and Venezuela will add roughly 900,000 barrels a day of production this year and at least the same in 2024, the bank estimates.
El Tigre, Venezuela. Photo: Bloomberg
Russia’s Top Miner Plans to Move Some Trading to Dubai
Nornickel, the world’s biggest refined nickel producer and palladium miner, was incorporated under the name Greenwich Holdings Limited in Dubai.
Photo: iStock.com/Photon-Photos
Germany’s BASF Inks LNG Supply Deal with Cheniere
Starting from the middle of 2026, BASF will receive about 800,000 tons of LNG annually from Cheniere Energy Inc. in an agreement that runs through 2043.
Schwarzheide, Germany. Photo: Sean Gallup/Getty Images/Bloomberg
UN Says Africa Can Become a Major Exporter with More Investments
Africa’s reserves of critical minerals make the continent key to the success of the global semiconductor and EV markets, but it could also benefit from supply chain diversification.
Photo: iStock.com/titoOnz
Biden Administration Commits $30M to Build Up U.S. Critical Minerals Supply Chain
The investment will fund research for a laboratory and the testing of economically viable extraction, separation and refining technologies to produce rare earth elements and critical minerals.
Photo: iStock.com/Photofex
Panamax Bulk Ship Sets Sail to Test Wind Power Technology
WindWings are large sails built with the same materials as wind turbines, and designed as a supplemental source of power for large vessels with the hopes of saving up to 30% of fuel costs.
August 2023. Photo: BAR Technologies
Tesla Warns Mining Company of Possible Legal Claim on Failed Supply Talks
The potential legal claim is related to a binding term sheet in negotiations with the electric-vehicle giant for the supply of spodumene concentrate, Core said August 16.
Widgiemooltha, Australia. Photo: Bloomberg
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