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Chemicals & Energy: Page 46

Russia, Saudi Arabia Extend 1.3M Barrel/Day Oil Cuts to the End of 2023

The reductions are part of previously announced voluntary cuts led by Russia and Saudi Arabia totaling 1.7 million barrels per day.

Photo: iStock.com/tifonimages

IMF Warns Fragmentation Imperils Food Security, Green Transition

Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

Torun, Poland. Photo: Bartek Sadowski/Bloomberg

U.S. Weighing Record $1B Loan for Massive Lithium Mine in Nevada

The Biden administration and Lithium Americas Corp. are negotiating the terms of an agreement that would fund more than half of the cost of the Thacker Pass mine in Nevada.

Photo: iStock.com/Photofex

Northvolt Gets Billions from Canada to Build Quebec EV Battery Plant

The plant is set to start operating in 2026 and will initially produce enough batteries for about half a million EVs.

Skelleftea, Sweden. Photo: iStock.com/Alexander Farnsworth

UgoWork Launches Energy and Battery Management Platform

UgoPilot allows companies to securely manage their fleets, reduces the need for underused equipment and provides businesses with access to energy professionals.

Lithium ion battery modules. Photo: iStock.com/Pasha Pechenkin

Kazakhstan Planning to Increase Oil Supplies to Germany

Tokayev said that Kazakhstan has shipped roughly 500,000 metric tons of crude oil to Germany’s Schwedt refinery through 2023.

Photo: iStock.com/Guven Polat

QatarEnergy, HHI Sign $3.9B Deal for 17 LNG Vessels

This order marks the next phase in QatarEnergy’s ship acquisition program, which supports the expansion of its Golden Pass LNG export and North Field LNG projects.

Klaipeda, Lithuania. Photo: iStock.com/Natallia Pershaj

Trafigura Gets $500M to Buy Saudi’s Non-Crude Commodities

The three-year deal gives Trafigura a big new chunk of credit for trading at a time when energy prices are rising again.

Photo: iStock.com/TexBr

Indian Bodies Call for Temporary Pause on Rough Diamond Imports

The appeal only focuses on the voluntary suspension of importing rough diamonds, meaning Indian diamond manufacturers will be allowed to continue their operations without interruption.

Photo: iStock.com/joebelanger

Germany Seeks to Lock In LNG Deals to Avoid Cargo Diversions

The issue of securing supply has recently taken on importance as Europe’s gas market has seen renewed volatility due to supply risks.

The LNG Aquarius liquefied natural gas tanker at Java Sea offshore in Jakarta, Indonesia, on Sunday, Oct. 31, 2021. The world is facing an energy crisis, with demand rebounding as economies reopen after the pandemic. Photo: Bloomberg/Dimas Ardian

Lego Abandons Effort to Make Bricks From Recycled Plastic Bottles

The project to make bricks from recycled drinks bottles instead of oil-based plastic would actually have led to higher carbon emissions over the product’s lifetime, Lego said.

Photo: iStock.com/Ekaterina79

Biden Administration Pledges $72M Towards Wind, Water Energy Technologies

$27 million will finance 15 offshore and land-based wind energy projects while another $45 million will fund 14 additional projects focused on domestically manufacturing these types of technologies.

Photo: iStock.com/THEPALMER

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