Hyosung Group [004800:KS] announced on January 24 that it has signed a memorandum of understanding with the government of South Jeolla Province on hydrogen and renewable energy projects, as reported by the Korea Economic Daily on the same day. Hyosung is planning to invest KRW1tr...
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...
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...
Singapore's Energy Retailer Tuas Power has formed a partnership with Masdar, a UAE-owned renewable energy company based in Abu Dhabi, as well as French renewable energy producer EDF Renewables [EDF:FP], and PT Indonesia Power to develop solar facilities in Indonesia with a maximum capacity of...
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...
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...
LG Chem [051910:KS] announced that it would launch a plant to extract oil from chemically recycled plastic waste, as reported by the Korea Herald on January 18. The plant will be located in Dangjin, South Chungcheong Province. LG Chem will use the extracted oil to...
Australian iron ore miner Fortescue Metals Group (FMG) [FMG:AU] plans to sign a green hydrogen supply deal with German chemicals maker Covestro [1COV:GR], as reported by Reuters on January 17. Starting 2024, FMG plans to supply Covestro with up to 100,000 metric tons of green...
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...
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)...
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...
On January 5, the Chinese Academy of Environmental Planning (CAEP) released the China Products Carbon Footprint Factors Database (中国产品全生命周期温室气体排放系数集), the first open, transparent, and continuously updated product carbon footprinting (PCF) emission factor database in China. The development of this database involved voluntary contributions from 54...
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...
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,...
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...
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