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EU Approves $7.4B in Funding for Hydrogen Supply Chain

The money will support 32 companies working on 33 projects along the EU’s hydrogen value chain and likely unlock over $5.81 billion in private investments.

Photo: iStock.com/Khaosai Wongnatthakan

Volkswagen Plans to Supply EV Parts, Cells to India’s Mahindra

Mahindra will equip some of its five planned electric sport utility vehicles with components from Volkswagen’s MEB platform and unified cells, the carmaker said in an exchange filing February 16.

Photo: Krisztian Bocsi/Bloomberg

Arizona Company Planning $344M Solar Panel Recycling Factory in Georgia

Solarcycle said that it would hire over 600 employees to work at the Cedartown, Georgia-based facility, which is set to open in 2026.

Photo: iStock.com/Bilanol

General Motors, Panasonic Sign Investment Deals with Canadian Graphite Producer

GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.

Photo: iStock.com/Dziggyfoto

Oil Demand Growth Slowing as Non-OPEC Supply Increases

The IEA said that it anticipates oil demand will peak by 2030 as the world attempts to transition to cleaner energy sources. OPEC says it will peak after 2044.

Photo: iStock.com/tifonimages

Staff Shortages Remain Top Challenge for Supply Chain in 2024

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

Photo: iStock.com/Hakase_

Energy Chief: U.S. ‘Very Concerned’ About China’s Dominance of Critical Minerals

Energy Secretary Jennifer Granholm said that the U.S. is currently updating its laws, including a 150-year-old mining regulation, to ensure the “sustainable and efficient” extraction of critical minerals.

Photo: iStock.com/Andrzej Rostek

OPEC Report Shows Uneven Delivery of New Oil Production Cuts

The Organization of Petroleum Exporting Countries and its allies pledged significant output curbs this quarter in a bid to avert a surplus and shore up global prices.

Photo: Bloomberg

Diamondback, Endeavor Merge in $26B Deal Amidst Rush for Drilling Land

Diamondback Energy agreed to acquire Endeavor Energy Resources, creating a new entity with a market value of roughly $50 billion.

Photo: iStock.com/Guven Polat

Glencore Seeks Buyer for Troubled New Caledonia Nickel Mine

The world’s top commodity trader will seek to sell its 49% stake in Koniambo Nickel SAS, according to a statement from KNS.

Photo Theo Rouby/AFP/Getty Images/Bloomberg

QatarEnergy Picks Nakilat to Own and Operate up to 25 Newbuild LNG Ships

The carriers, each with a capacity of 45.96 million gallons, will be wholly owned by Nakilat and chartered out to affiliates of QatarEnergy.

An LNG carrier vessel. Photo: iStock / nikkytok

India’s State Oil Refiners in Talks with Rosneft Over Term Deals

In total, Indian refiners want to lock in about 500,000 barrels per day of Russian crude supplies, said sources who could not be identified as negotiations are private.

Photo: Dhiraj Singh/Bloomberg

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