Author: Jordy Leo

26 Jan IDG Capital and Hong Kong’s Towngas Establish RMB10bn Zero-Carbon Tech Fund

Posted at 15:58 by Jordy Leo

IDG Capital [IDGCAZ:CH] and Hong Kong-based public energy utility Towngas [0003:HK] announced the establishment of the Zero-Carbon Technology Investment Fund on January 24, as reported by Pandaily on the same day. With an expected total scale of RMB10bn (USD1.6bn), the fund would raise RMB5bn in...

26 Jan China’s CCDI to Inspect Corruption Behind Internet Platform Monopolies

Posted at 15:47 by Jordy Leo

China’s top anti-graft watchdog, Central Commission for Discipline Inspection (CCDI), vowed to investigate and punish corrupt behaviors behind the disorderly expansion of capital and platform monopolies and cut the link between power and capital, as reported by Reuters on January 22. The commission also outlined...

26 Jan China Increases Flexibility in Energy-Conservation and Emission-Reduction Governance

Posted at 10:20 by Jordy Leo

China’s State Council on January 24 published a new work plan for energy conservation and emission reduction as a part of the country’s 14th Five-Year Plan (FYP), as reported by SCMP on January 25. The work plan reiterated that China’s energy consumption per unit of...

25 Jan Nippon Steel Purchases Thai Electric-Furnace Steelmakers to Reduce Carbon Footprint

Posted at 18:08 by Jordy Leo

Japan steelmaker Nippon Steel [5401:JP] announced on January 21 that it will buy two electric arc furnace steelmakers in Thailand, G Steel [GSTEEL:TB] and GJ Steel [GJS:TB], for a total of USD763m, as reported by Nikkei Asia on the same day. The Japanese company seeks...

25 Jan China Transport Ministry Meets with Eight Freight-Delivery and Ride-Hailing Firms

Posted at 17:47 by Jordy Leo

China’s Ministry of Transport (MoT) has summoned four freight-delivery platforms over operational irregularities and sent reminders to four ride-hailing firms over driver protection, fair competition, and transportation safety, as reported by Reuters on January 21. The MoT has discussed drivers’ complaints regarding arbitrary pricing rules,...

20 Jan Singapore to Collaborate with UAE on Low-Carbon Technologies

Posted at 14:36 by Jordy Leo

Singapore intends to work with the United Arab Emirates (UAE) on developing methods to reduce greenhouse gas (GHG) emissions, including hydrogen fuel and carbon capture, utilization, and storage (CCUS), as reported by Strait Times on January 17. According to Singapore President Halimah Yacob’s virtual speech...

20 Jan Thai Miner Banpu Spins off Coal-fired Power Businesses for Green Transition

Posted at 14:33 by Jordy Leo

Thai Miner Banpu [BANPU:TB] committed that it will proceed to divest its coal business as planned and speed up its green transition, as reported by Nikkei Asia on January 14. Despite that the company sold up to 45m tons of coal in 2021, the same...

19 Jan Hyundai Shipbuilding Unit to Master Hydrogen Shipping by 2025

Posted at 16:07 by Jordy Leo

Korea Shipbuilding & Offshore Engineering (KSOE) [009540:KS], the shipbuilding unit of Hyundai Industries Group [267250:KS], expects to possess the technology to transport hydrogen by ship by 2025, as reported by Reuters on January 13. KSOE has developed a concept ship capable of carrying 20,000 cubic...

19 Jan Chinese Security Regulators Back Orderly Overseas Listing of Qualified Enterprises

Posted at 15:26 by Jordy Leo

China Securities Regulatory Commission (CSRC) will speed up the implementation of a set of policies that supervise overseas share sales of Chinese companies and support qualified companies to go public abroad in an orderly manner, as reported by Reuters on January 18. CSRC Chairman, Yi...

18 Jan Chilean Court Freezes BYD’s Lithium Mining Bid Over Environmental Concerns

Posted at 16:47 by Jordy Leo

A local court of Chile suspended a USD61m lithium mining contract between Chile and Chinese electric vehicle (EV) and battery company BYD [1211:HK] over environmental and economic development concerns, as reported by Caixin on January 16. The suspension came on January 14, just two days...

18 Jan Indian Oil to Invest USD944m for Gas Network Expansion

Posted at 15:21 by Jordy Leo

State-owned Indian Oil Corporation (IOC) [IOCL:IN] announced an INR70bn (USD944m) investment to construct city gas distribution (CGD) networks in cities including Jammu, Madurai, and Haldia, as reported by Indian Wire on January 17. The enterprise recently obtained nine licenses to retail compressed natural gas (CNG)...

18 Jan Ten Enterprises Bid for Indian Battery Incentive Scheme

Posted at 14:56 by Jordy Leo

Ten companies, including India’s Reliance Industries [RIL:IN], Softbank-backed [9984:JP] Ola Electric, and Hyundai Global Motors [5380:KS], have submitted bids under India’s USD2.4bn battery scheme for clean transport, as reported by Economic Times on January 17. India’s Ministry of Heavy Industries announced that these ten enterprises...

13 Jan Chinese Energy Producers Secure Long-Term Natural Gas Supply from Novatek

Posted at 10:13 by Jordy Leo

Russia’s second-largest natural gas producer Novatek [NVTK:LI] has signed a long-term procurement agreement with two Chinese energy firms, Zhejiang Energy and ENN Natural Gas [600803:CH], as reported by Caixin on January 12. Under the contracts, the Russian company will supply up to 1m tons of...

13 Jan China to Proceed Ultra-Low-Emission Reform on Steel Industry

Posted at 10:03 by Jordy Leo

China will complete ultra-low emission modification on a total production capacity of 560m tons of crude steel by the end of 2022, including 140m tons finished by now, as reported by Caixin on January 10 according to the Ministry of Ecology and Environment (MEE). Specifically,...

12 Jan Retailer Aeon to Use 100% Renewable Energy for Malls in Japan

Posted at 17:49 by Jordy Leo

Japan’s largest shopping mall developer, Aeon Mall [8905:JP], pledged to power more than 160 shopping malls under its ownership in Japan with 100% renewable power by FY40, as reported by Nikkei Asia on January 11. Aeon Mall will sign corporate power purchase agreements (PPAs), long-term...