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...
Japan and Indonesia will jointly develop decarbonization technologies, including hydrogen, ammonia, as well as carbon capture, utilization, and storage (CCUS), under a new memorandum of cooperation (MOC) between the two countries, as reported by Reuters on January 10. Indonesian Energy Minister, Arifin Tasrif, stated that...
Volkswagen AG [VOW:GR] plans to double the sales of its ID series electric vehicles (EVs) in China in 2022, despite the global chip shortage, as reported by the Economic Times on January 11. The ID series plays a key role in Volkswagen’s EV ambition in...
The Indonesian government has taken back 2,078 mining licenses from miners that failed to fulfill its supply obligations to domestic customers, as reported by Nikkei Asia on January 7. Under Indonesia’s Domestic Market Obligation (DMO) policy, coal miners must supply 25% of their annual output...
Temasek Foundation, a non-profit organization under the Singaporean state-owned investment company Temasek Holdings [TMSK:SP], pledged to distribute one free reusable mask to each Singapore resident from January 10, as reported by Straits Times on January 6. ST Engineering [STE:SP] designed the antimicrobial mask with a...
Hong Kong’s Insurance Authority (IA) has taken over the affairs and assets of Target Insurance [6161:HK] and launched a probe into the firm’s financial condition, as reported by SCMP on January 7. The IA was able to conduct the takeover by exercising its power conferred...
Adani Group [ADE:IN], an Indian multinational conglomerate of energy and port, committed to leveraging green bonds to build the world’s largest renewable energy firm, as reported by Nikkei Asia on January 7. The company has already raised USD750m through green bonds in September 2021. Adani’s...
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