Quick Hits

Japanese trading house Mitsubishi Corp [8058:JP] is mulling constructing one of the world's largest ammonia production facilities in Texas, as reported by Nikkei Asia on September 28. On the same day, the Japanese company signed a memorandum of understanding (MOU) with the Corpus Christi port...

The Asian Transition Finance (ATF) Study Group, a consortium of multiple private financial institutions, drew up guidelines for financing low-carbon technologies and energy transition projects in Asia to help tackle climate change, as reported by Reuters on September 26. The study group published two reports:...

Singapore’s Changi Airport may adopt cleaner vehicles, improve cooling systems, and install solar panels on untapped open spaces within the airport to reduce the carbon footprint of the aviation industry, as reported by Strait Times on September 23. A report with suggestions on how to...

Chinese regulators designated 18 credit rating and accounting agencies as the country’s first officially approved green bond certification authorities to regulate the fast-growing market, as reported by Caixin on September 22. The Green Bond Standards Committee (GBSC), affiliated with China’s National Association of Financial Market...

Hon Hai Precision Industry [2317:TT], commonly known as Foxconn, will establish a joint venture (JV) in Indonesia with local energy company Indika Energy [INDY:IJ] to build electric vehicles (EVs) and batteries, as reported by Nikkei Asia on September 23. Foxconn would invest USD1.75m in the JV...

South Korean steelmaker POSCO Holdings [005490:KS] will invest KRW20tr (USD14.1bn) to reduce carbon emissions from its operations, as reported by Nikkei Asia on September 23. To replace polluting old blast furnaces, the company will construct two electric furnaces, one at its Gwangyang factory and the...

Chinese electric vehicle (EV) manufacturer Zhejiang Leapmotor Technology (Leapmotor) will price its Hong Kong initial public offering (IPO) at HKD48 (USD6.12) per share with a goal of raising USD800m, as reported by Reuters on September 25. Leapmotor said last week that it planned to sell...

Indonesia seeks to keep coal-fired power plants running for another ten years and then completely move away from fossil fuels within the next 20 years, as reported by Bloomberg on September 16. According to Indonesia’s State-owned Enterprises Minister, Erick Thohir, Indonesia will need USD600bn to...

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