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Chemicals & Energy: Page 43

Ecopro, Samsung Ink Massive $34B Battery Deal Despite EV Slump
The Cheongju, South Korea-based firm inked a contract December 1 with Samsung to supply cathode-active materials worth 43.8 trillion won ($33.5 billion) between 2024 and 2028.
Munich, Germany. Photo: Krisztian Bocsi/Bloomberg
Japan Plans to Stop Building Unabated Coal Power Plants
The promise aligns with commitments made by the Group of Seven (G7) developed nations to bring an end to unabated coal-fired power generation as soon as possible.
Photo: iStock.com/kamilpetran
OPEC+ Agrees on Deeper Output Cuts to Avoid Renewed Surplus
Members of the group agreed to make 1 million barrels a day of additional oil-supply cuts at a November 30 meeting, delegates said.
Vienna, Austria. Photo: Bloomberg
Transatlantic Flight Powered by Alternative Fuels Lands in U.S.
Of the two types of alternative fuels used for the flight, 88% were derived from waste fats while the remaining 12% came from U.S.-based corn production waste.
Manchester, U.K. Photo: iStock.com/EdithRum
Nio and Geely Sign Battery Swapping Agreement
Geely is the second car manufacturer to sign a battery swapping deal with Nio, who is also working with Changan Automobile.
An electric SUV car using a battery swapping station. Image: iStock.com/Chesky_W
ONE Launches West India-North America Service to Enhance Connectivity in India
The ocean carrier said the new service will be conducted via a fleet of nine vessels, all of which are operated by ONE.
Image: iStock.com/Oleksii Liskonih
MPs Warn “Gigafactory Gap” Could Hurt U.K.’s EV Sector
Business committee members said that the U.K. has a “limited window in the next three years to attract further investment into this sector.”
Photo: iStock.com/PhonlamaiPhoto
BMW Investigating Moroccan Miner Following Hazardous Water Claims
BMW has commissioned two investigations into the mine after a German newspaper said toxic arsenic was found in water samples.
Photo: iStock.com/Achebour Ali
NATO Members Seek to Reach Deal on Black Sea Mine-Sweeping Force
The mine-sweeping force wouldn’t be considered a NATO operation but would be the first major combined action of Black Sea allies since President Vladimir Putin ordered the war on Ukraine.
Photo: iStock.com/bstoner
Hunt to Invest £4.5B in British Manufacturing from 2025
The funding includes £2 billion for the automotive industry, £960 million for clean energy and £975 million for aerospace, the Treasury said.
Photo: Bloomberg
U.S. Signs Nuclear Cooperation Pact with the Philippines
The agreement was signed by the Philippines’ energy secretary and U.S. Secretary of State Antony Blinken November 16 in San Francisco, California.
Photo: iStock / Artush
DOE Invests Another $3.5B in U.S. Battery Industry
The DOE is looking to strengthen the U.S.’s battery supply chain because the estimated demand for lithium is expected to increase tenfold by 2030.
Photo: iStock.com/kynny
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