Spanish utility Iberdrola SA [IBE:SM] has pledged to invest EUD2bn to 3bn (USD1.98bn to 2.97bn) in the coming years to expand its renewable energy deployment in Australia, as reported by PV Tech on September 6. At present, in Australia, the utility has two gigawatts (GW)...
SK Ecoplant, the green business unit of SK Group [210980:KS], signed a stock purchase agreement to inject USD50m into US-based lithium-ion battery recycling firm Ascend Elements, as reported by Korea Economic Daily on September 1. Ascend Elements has effective technologies to extract rare metals individually...
South African petrochemical company Sasol [SOL:SJ] and Japanese trading house Itochu [8001:JP] announced a partnership to develop green hydrogen and green ammonia projects for shipping fuel and power generation, as reported by Reuters on September 2. The two companies signed a memorandum of understanding (MOU)...
Sinopec [0386:HK], one of China’s three major state-owned oil and gas producers, has started the operation of the country’s largest carbon capture, utilization, and storage (CCUS) facility in east China, with plans to build two additional plants of similar size by 2025, as reported by...
GAIL (India) Limited [GAIL:IN], India’s largest gas producer, has set a target to achieve net-zero emissions from its operations by 2040, as reported by Reuters on August 26. According to GAIL Chairman Manoj Jain, the company’s net-zero aim is in line with India’s vision to...
Singapore’s National Environment Agency (NEA) has signed separate memorandums of understanding (MOU) with Gold Standard and Verra, two of the world's largest international carbon offset standard programs, as reported by Strait Times on August 30. The MOUs support businesses in Singapore in using eligible carbon...
Indonesia’s electric vehicle (EV) technology company PT VKTR Teknologi Mobilitas (VKTR), a subsidiary of PT Bakrie & Brothers [BNBR:IJ], announced its plan to raise USD45m through an IPO on the Indonesia Stock Exchange in November, as reported by Nikkei Asia on August 30. The company...
South Korea’s POSCO Holdings [005490:KS] has finished building a recycling facility for electric vehicle (EV) batteries in Poland, as reported by the Korea Economic Daily on August 26. This facility, which is situated in Brzeg Dolny, can treat 7,000 tons of used batteries and production...
The China Securities Regulatory Commission and the US Public Company Accounting Oversight Board (PCAOB) have inked an agreement for cooperation in regards to the inspection of audit documents of US-listed Chinese companies, as reported by Reuters on August 27. According to the agreement, the US...
Shanghai's Lingang New Area has established a set of regulations to support the local development of a hydrogen industry, as reported by Sina Finance on August 26. In Lingang, the city plans to build a fuel cell and hydrogen energy industrial system and expedite the...
Japan’s second-largest steelmaker JFE Steel [5411:JP] plans to transform one of its blast furnaces into an electric arc furnace (EAF) by 2028, as reported by Nikkei Asia on August 26. This will be the first time that any of Japan’s three major steel enterprises plan...
South Korean tech giants Samsung Electronics [005930:KS] and LG Electronics [066570:KS] will exhibit various products made from recycled materials at the IFA 2022 on September 2 to parade their efforts in making environmental-friendly products, as reported by the Korea Economic Daily on August 29. At...
China’s Ministry of Industry and Information Technology (MIIT) released a list of 47 apps that violate users’ rights following the latest round of security and data collection investigation, as reported by South China Morning Post on August 29. According to the document, the China app...
Japan’s state-owned Nippon Export and Investment Insurance (NEXI) will team up with the African Export-Import Bank (Afreximbank) to support the decarbonization projects in Africa through new financing and insurance framework, as reported by Nikkei Asia on August 23. At the eighth Tokyo International Conference on...
The Australian government announced a plan to lay out new regulations targeting vehicle carbon emissions to promote the use of electric vehicles (EVs), as reported by Reuters on August 19. According to the Minister for Energy and Climate Change, Chris Bowen, the government will issue...
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