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Chemicals & Energy: Page 55

China to Sign New 27-Year LNG Deal with Qatar to Secure Fuel

China National Petroleum will seal a 27-year liquified natural gas purchase agreement of 4 million tons annually with QatarEnergy, according to a person with knowledge of the matter.

Photo: Bloomberg

France Grants Aid for €1bn Green Jet-Fuel Plant

The government will provide €200 million to help develop renewable jet-fuel projects, including one developed in southern France by startup Elyse Energy, French President Emmanuel Macron said.

Berlin, Germany. March 2019. Photo: Krisztian Bocsi/Getty Images/Bloomberg

Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud

Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.

Photo: Cole Burston/Bloomberg

Micron Nears $1bn Investment in India Chip Packaging Plant

An announcement could be made as soon as when Prime Minister Narendra Modi visits the U.S. during the week of June 19, according to people close to the matter.

Photo: Tomohiro Ohsumi/Bloomberg

Intel Plans $4.6bn Polish Fab as EU Hub Picks Up Pace

"We’re excited to play a critical enabling point to building these more resilient supply chains,” said chief executive officer Pat Gelsinger at a June 16 press conference.

Santa Clara, California. March 2018. Photo: iStock.com/JHVEPhoto

Embracing Opportunity in an Evolving Renewable-Energy Landscape

With the world set to add as much renewable power in the next five years as it did over the past 20, scaling production to capitalize on this demand is increasingly becoming a challenge.

Image: iStock.com/pcess609

German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade

The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.

Photo: Bloomberg

Saudi Output Cuts Will Tighten Oil Market Sharply, OPEC Data Signals

Global oil consumption will exceed supplies by roughly 2.7 million barrels a day during July 2023 based on a June 13 report from OPEC.

Dhahran, Saudi Arabia. December 2019. Photo: Tasneem Alsultan/Bloomberg

Biden Administration Pledges $192mn for Battery Recycling Initiatives

As of June 13, 2023, the Biden-Harris Administration has pledged almost $3 billion toward domestic battery manufacturing and recycling efforts.

Photo: iStock.com/PhonlamaiPhoto

U.K.’s Centrica Warns More Gas Storage Needed for Energy Security

The CEO of Centrica, the U.K.'s largest natural gas supplier, said the partial reopening of the country's biggest gas storage facility isn't enough to ensure energy security.

Isle of Grain, U.K. August 2022. Photo: Bloomberg

Dutch Seek to Bar Chinese Students from Tech Courses in Chip War

The clear intention is to prevent students from China from gaining access to sensitive materials in their studies according to people with knowledge of the matter.

Rotterdam, Netherlands. Photo: Remko De Waal/AFP/Getty Images/Bloomberg

Germany Warns of Industry Shutdown if Russian Gas Stops Flowing

Vice Chancellor Robert Habeck said German policymakers should avoid "making the same mistake again" of assuming the economy will be unaffected by the Russian war in Ukraine.

German Economy Minister, Economy Minister Robert Habeck. Photo: Bloomberg/Omer Messinger/Getty Images

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