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Chemicals & Energy: Page 57

Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud
Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.
Photo: Cole Burston/Bloomberg
Micron Nears $1bn Investment in India Chip Packaging Plant
An announcement could be made as soon as when Prime Minister Narendra Modi visits the U.S. during the week of June 19, according to people close to the matter.
Photo: Tomohiro Ohsumi/Bloomberg
Intel Plans $4.6bn Polish Fab as EU Hub Picks Up Pace
"We’re excited to play a critical enabling point to building these more resilient supply chains,” said chief executive officer Pat Gelsinger at a June 16 press conference.
Santa Clara, California. March 2018. Photo: iStock.com/JHVEPhoto
Embracing Opportunity in an Evolving Renewable-Energy Landscape
With the world set to add as much renewable power in the next five years as it did over the past 20, scaling production to capitalize on this demand is increasingly becoming a challenge.
Image: iStock.com/pcess609
German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade
The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.
Photo: Bloomberg
Saudi Output Cuts Will Tighten Oil Market Sharply, OPEC Data Signals
Global oil consumption will exceed supplies by roughly 2.7 million barrels a day during July 2023 based on a June 13 report from OPEC.
Dhahran, Saudi Arabia. December 2019. Photo: Tasneem Alsultan/Bloomberg
Biden Administration Pledges $192mn for Battery Recycling Initiatives
As of June 13, 2023, the Biden-Harris Administration has pledged almost $3 billion toward domestic battery manufacturing and recycling efforts.
Photo: iStock.com/PhonlamaiPhoto
U.K.’s Centrica Warns More Gas Storage Needed for Energy Security
The CEO of Centrica, the U.K.'s largest natural gas supplier, said the partial reopening of the country's biggest gas storage facility isn't enough to ensure energy security.
Isle of Grain, U.K. August 2022. Photo: Bloomberg
Dutch Seek to Bar Chinese Students from Tech Courses in Chip War
The clear intention is to prevent students from China from gaining access to sensitive materials in their studies according to people with knowledge of the matter.
Rotterdam, Netherlands. Photo: Remko De Waal/AFP/Getty Images/Bloomberg
Germany Warns of Industry Shutdown if Russian Gas Stops Flowing
Vice Chancellor Robert Habeck said German policymakers should avoid "making the same mistake again" of assuming the economy will be unaffected by the Russian war in Ukraine.
German Economy Minister, Economy Minister Robert Habeck. Photo: Bloomberg/Omer Messinger/Getty Images
VW, Glencore Back $1bn SPAC Mine Deal to Secure EV Metals
According to a June 12 statement, London-listed ACG Acquisition Co. is buying the assets from the private equity firm Appian Capital Advisory.
Vale N4W. Parauapebas, Para state, Brazil. May 2023. Photo: Dado Galdieri/Bloomberg
Vietnam’s Factories Boost Operations as Power Shortages Ease
Manufacturers in Bac Giang can now operate from midnight until 5 p.m. after factories were previously told to curtail production between 5 p.m. and 7:45 a.m.
Vinh Cuu, Dong Nai Province, Vietnam. May 2023. Photo: Bloomberg
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