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Chemicals & Energy: Page 53
Pentagon Seeks Supply of Chip-Mineral Gallium After China Curbs Exports
China announced restrictions on gallium and another mineral, germanium, in a move seen as part of the country’s tit-for-tat trade war on technology with the U.S. and Europe.
Germany Will Rely Heavily on Hydrogen Imports in Light of Updated Strategy
Germany will need to import between 50% and 70% of its hydrogen to meet the demands mapped out in the updated National Hydrogen Strategy.
Porsche Looking for Investors, New Site for Cellforce Factory
Porsche executives are in talks with advisors and investors to help raise between €2 billion and €3 billion for the factory.
General Motors Blames Supplier for Slow EV Production Rates
GM's CEO said she was disappointed with the supplier and that the company has been surprised by the minimal progress made by the unnamed organization.
European Chips Act Worth €43B Gets Final Stamp of Approval
After being approved by the Council of the European Union, the regulation will be signed by the President of the European Parliament and the President of the Council.
South Korea and Indonesia to Cooperate More on Key Minerals, Advanced Industries
The agreement by the two countries to work more closely was reached during a bilateral economic cooperation committee meeting held in Seoul, South Korea.
Germany Readies €20B in Aid to Bolster Chip Output
The money is to be distributed to German and international companies by 2027 and will be drawn from the Climate and Transformation Fund.
TSMC Postpones Starting Production at Its Arizona Factory
The organization said that it will not be able to begin manufacturing chips in 2024, as originally planned, due to a skilled worker shortage.
Egypt Plans to Resume LNG Exports this Fall, Minister Says
The country didn’t export a single LNG cargo during June and has dispatched only one shipment so far in July.
Tata Group to Build Battery Gigafactory in the U.K.
Tata will invest over £4 billion ($5.15 billion) to build the battery cell gigafactory factory, which is expected to create up to 4,000 jobs.
Costa Rica Forms Semiconductor Partnership with the U.S.
The U.S. Department of State said the two countries will explore opportunities to diversify and expand the global semiconductor market.
Japan to Propose Global Natural Gas Reserve to Avoid Shortages
The Japanese government will suggest that the International Energy Agency create a gas stockpiling framework for its member nations.
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