South Korean Petrochemical Company Hanwha Solutions [9830:KS] announced a USD282.3m investment plan to expand the production of caustic soda, as reported by the Korea Herald on December 21. Caustic soda is a chemical material widely used as a purifying agent in manufacturing rechargeable batteries, such...
Xinjiang Daqo New Energy [DQ:US], a Chinese energy equipment company, has established a strategic partnership deal with the northern Chinese city of Baotou to enhance polysilicon, silicon metal, and silicone capacity, as reported by Sina Finance on December 20. The deal is in part driven...
Spanish utility Iberdrola SA [IBE:SM] has purchased Autonomous Energy, an engineering, procurement, and construction (EPC) provider in Australia’s green energy sector, as reported by PV Tech on December 17. The acquisition will make Iberdrola’s Australian arm a ‘one-stop shop’ of renewable energy solutions, according to...
Chinese e-commerce giant Alibaba [BABA:US] announced a carbon neutrality target for its operations by 2030 and pledged to reduce carbon dioxide (CO2) emissions by 1.5bn tons across all its businesses by 2035 from 2020 levels, as reported by Reuters on December 18. Specifically, the group...
The Singapore Exchange (SGX) [SGX:SP] announced on December 15 that all listed companies must provide climate reporting on a “comply or explain” basis in their sustainability reports starting 2022, as reported by Reuters on the same day. According to the bourse, issuers shall publish climate...
BCPG Plc [BCPG:TB], a renewable energy unit of Thailand’s state-run Bangchak Corporation Plc [BCP:TB], would secure a THB22bn (USD660m) loan from the Asian Development Bank [ATB:AU] for developing a monsoon wind power generation project in Laos, as reported by Bangkok Post on December 17. With...
British Petroleum [BP:US] has signed a ten-year supply agreement with a subsidiary of China’s State Power Investment Corp (SPIC) to provide the latter with up to 200,000 tons of piped natural gas per year from 2023, as reported by S&P Global on December 16. BP...
The conversation around decarbonization and climate change mitigation has long been dominated by the reduction of carbon dioxide (CO2), the most common greenhouse gas. However, during this year’s United Nations climate summit COP26, methane as another form of greenhouse gas rose to the spotlight in...
The restructuring plan between the world’s two largest shipbuilders, Hyundai Heavy Industries [HYYYF:US] and Daewoo Shipbuilding & Marine Engineering (DSME) [042660:KS], is set for an EU antitrust veto, as reported by Korean Economic Daily on December 12 citing people familiar with the matter. The EU...
Woodside Petroleum [WPL:AU], Australia’s major petroleum exploration and production company, plans to build a new hydrogen and ammonia-producing plant near Perth with a production capacity of up to 1,500 tons a day, as reported by Nikkei Asia on December 11. Citing Woodside CEO Meg O'Neill,...
Japanese paper manufacturer Nippon Paper [3893:JP] has successfully lit an electric bulb with its self-developed battery made of cellulose nanofibers refined from wood pulp, as reported by Nikkei Asia on December 12. The wood-pulp battery serves as a supercapacitor in which nanofibers store and release...
Sembcorp Industries [SCI:SP], Singaporean energy and urban development company, signed an agreement with Bamboo Capital Group to jointly develop a 1.5 gigawatt (GW) renewable power project in Vietnam, as reported by PV Tech on December 10. The two groups sent their respective subsidiaries, Sembcorp Utilities...
Swiss asset manager firm SUSI Partners has purchased a 50% equity in Starling Energy Group, an Australian installer of solar photovoltaics (PV) and energy storage systems for the residential sector, as reported by PV Tech on December 10. The transaction will provide capital to Starling...
Japan’s Kawasaki Heavy Industries [7012:JP] announced on December 9 that it aims to reach carbon neutrality in 2030 in its domestic factories and offices, where it will use green electricity generated by a 100-megawatt (MW) hydrogen-fueled power plant it plans to construct, as reported by...
Beijing Municipality rolled out the city’s ecological and environmental protection plan for the 2021-2025 period, or the 14th Five-Year Plan (FYP) period, at a press conference on December 8, as reported by bjx.com on the next day. The plan focusing on carbon reduction outlined that...
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