Netherlands-based Lithium Werks BV plans to build a massive lithium-ion cell factory in China in order to further tap into the country’s booming batteries market. The new plant will have a production capacity of 8 gigawatt-hours per year, and is due to start production within three years, the company’s chairman, Kees Koolen, told Bloomberg. Lithium […]
Category: Energy & Environment
Chinese state oil giant Sinopec will cut crude oil imports from Iran in half this month, amid intense pressure from the US to conform to its sanctioning of Iranian energy exports to take effect in November, Reuters has learned. The sources estimated that Sinopec’s daily intake from the National Iranian Oil Company will drop to […]
The United States is planning to set up an agency with a $60 billion budget to invest in developing countries, the Financial Times reports. The move is planned to provide an alternative to the Belt and Road Initiative, which some in Washington have described as a weapon of China’s “economic warfare.” The new agency will incorporate the […]
China has launched a probe into the head of the national energy agency amid allegations of corruption from the Communist party’s anti-graft department, the Financial Times reports. Nur Bekri, an ethnic Uyghur from the north-western Xinjiang region, has “suspected serious disciplinary and legal violations”, the Central Committee on Discipline Inspection said on Friday, without offering […]
State-owned Chinese firms Sinopec and China State Construction Engineering Corp (CSCEC) have announced that they are reviving a project to build a $6.5 billion petrochemicals plant in the Canadian province of Alberta with a consortium of groups representing indigenous local inhabitants, Caixin reports. The project, which is yet to receive regulatory approval, will be able to refine […]