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Think Tank
Chemicals & Energy: Page 38
Big Batteries May Save U.K. Power System Up to £24B by 2050
The British government is promoting big batteries as a means to store cheap renewable electricity at times when the grid is oversupplied.
GE Business to Build Turbines for Massive Wind Project
GE Vernova will utilize its Pensacola, Florida factory to fulfill the large order, while tower manufacturing operations will come from facilities in Texas, New Mexico and Colorado.
Chinese Miner Takes Glencore’s Cobalt Crown as Output Jumps 170%
CMOC’s copper output also jumped by 51% to 419,539 tons, establishing it as one of the world’s top producers at a time when many miners are struggling to boost output.
BP, Equinor Tear Up Contract for Big New York Offshore Wind Project
BP and Equinor were among a group of developers that were rebuffed in October after asking state regulators for higher rates to deliver power from offshore wind farms.
Vietnamese EV Maker Planning Battery Plant in India
VinFast said in October 2023it would build assembly factories in India and Indonesia that each have an annual capacity of up to 50,000 cars and a capital expenditure of up to $200 million at first.
Russian LNG Producer Begins Arctic Operations Despite U.S. Sanctions
The first shipments from the LNG project will be delivered during the first quarter of 2024, said Russian Deputy Prime Minister Alexander Novak.
India Truckers Strike Threatens Food, Fuel, Goods Supplies
The truckers launched the strike January 1 in protest against the newly enacted criminal law which extends the jail term for hit-and-run cases to a maximum of 10 years.
Nickel Is 2023’s Biggest Metals Loser, Copper Manages Small Gain
The metal used in stainless steel and electric vehicle batteries posted an annual drop of 45% on the London Metal Exchange, the biggest decline since 2008.
New Actions from the White House Highlight the Difficulty of Tracing Forced Labor in Supply Chains
While recent actions won’t end the issue of forced labor entirely, this may well be a meaningful milestone in the long-running effort.
Indonesian Nickel Workers Rally for Improved Safety After Deadly Fire
The workers’ main demand is “for the companies to comply with occupational health and safety” laws, said Katsaing, the Serikat Pekerja Indonesia Sejahtera (SPIS) workers’ union chairman.
How Supply Chain Experts Said They Were Handling the Peak Season Rush
2023’s peak season will have seen supply chain professionals both relying on tried-and-true peak season strategies and testing next-gen solutions.
India Plans to Expand Its Coal Power Fleet to Meet Soaring Demand
The nation intends to add almost 88 gigawatts of new capacity by early 2032, a 63% increase from a previous plan published in May 2023.
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