Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, announced the addition of three Vietnam Singapore Industrial Parks (VSIP) to its portfolio. The investment licenses for VSIP Thai Binh, VSIP Quang Ngai II, and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company (VSIP JV Co). VSIP JV Co is Sembcorp’s 49.3% owned joint venture company with Vietnam state-owned enterprise, Becamex IDC Corporation. Sembcorp’s effective shares in the three new projects range from 24.6% to 49.3%.Low-carbon Industrial ParksIncluding the new projects, Sembcorp has participated in the development of 18 VSIPs with total licensed land…
Author: Chitrika Grover
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, and EcoPro Co., the country’s leading electric vehicle battery materials producer, have teamed up to advance their technology and build a global network for the electric vehicle battery recycling business.The two companies said on Monday they signed a memorandum of understanding on business cooperation late last month. Under the initial agreement, the partners cooperate across businesses, including recycling process automation and building a supply chain management system for used batteries.Hyundai Glovis handles vehicles made by Hyundai Motor Group’s two automaking units – Hyundai Motor Co. and Kia Corp.…
Finland-based Fortum Battery Recycling has entered into a preliminary agreement and signed a memorandum of understanding with Marubeni Corporation to jointly build a sustainable lithium-ion battery recycling chain, focusing on graphite recycling. Marubeni will support Fortum in supplying in-process waste materials and process chemicals, and also seek the possibility of graphite and lithium recycling technologies, to develop a recycling value chain to meet the market demand. Both companies will continue to explore other potential business opportunities and promote sustainable growth in the clean energy field.“We are very excited to be cooperating with Marubeni to explore potential business opportunities within graphite recycling.…
Rystad a research-based organization recently released a report highlighting the growth in the Asia Pacific (APAC) region in the carbon capture and storage (CCS) sector. Asian countries are intensifying their decarbonization efforts, despite challenges for several countries in the region, such as unsuitable geological conditions for carbon capture, utilization, and storage (CCUS). Rystad Energy’s research highlights Australia, Malaysia, and Indonesia as emerging hubs in the APAC region. These technologies are. carbon dioxide (CO2) storage potential in their depleted oil and gas reservoirs and stricter environmental regulations, despite recent improvements and updates in policy. The region attracts a substantial portion of…
Government of Malaysia, in line with the vision to promote Renewable Energy in the electricity mix to 60% by 2030, a 20 Megawatt (MW) Grid-Scale Battery Energy Storage System (BESS). This project was inaugurated, in the presence of the Minister of Energy and Public Utilities, Georges Pierre Lesjongard, this morning, at the Amaury Sub-station. The Attorney General, Minister of Foreign Affairs, Regional Integration and International Trade, Maneesh Gobin; the Minister of Gender Equality and Family Welfare, Kalpana Devi Koonjoo-Shah; the General Manager of the Central Electricity Board (CEB), Rajden Chowdharry, and several other personalities were also present. The main purpose…
In line with Government’s vision to promote Renewable Energy in the electricity mix to 60% by 2030, a 20 Megawatt (MW) Grid-Scale Battery Energy Storage System (BESS), was inaugurated, in presence of the Minister of Energy and Public Utilities, Georges Pierre Lesjongard, this morning, at the Amaury Sub-station.The Attorney General, Minister of Foreign Affairs, Regional Integration and International Trade, Mr Maneesh Gobin; the Minister of Gender Equality and Family Welfare, Kalpana Devi Koonjoo-Shah; the General Manager of the Central Electricity Board (CEB),Rajden Chowdharry, and several other personalities were also present.The main purpose of the BESS is to help stabilise the…
SolarDuck, a Netherland-based company set up its office in Tokyo. This move signifies the company’s commitment to the Japanese market and serves the Asia Pacific region to accelerate commercialization.Building on success with the first demonstrator delivered in Tokyo, SolarDuck is gearing up hiring efforts to support its expansion in the region, the event with stakeholders marks the next stage of growth for SolarDuck. The regional office will oversee business development activities in Asia Pacific. East Asia and Southeast Asia offer attractive growth prospects as the offshore energy industry matures. These market dynamics promise an exciting offshore floating photovoltaic (OFPV) and SolarDuck launchpad.“The…
Nepal in its recent budget attempts to boost hydropower production and export electricity to Bangladesh.NRs 50.74 billion allocated for the energy sector in the upcoming budget. Nepal plans to boost hydropower production and export electricity to Bangladesh. It has currently allocated Rs 50.74 billion for the energy sector in the upcoming budget. In this, major hydropower projects, including Budhigandaki and Upper Arun. Its major hydropower projects, including Budhigandaki and Upper Arun, which are set to begin soon in Kathmandu. The finance minister Barsha Man Pun’s announcement focuses on electricity production and export to Bangladesh starting from the fiscal year 2024-25.…
Trina Solar, a global leader in smart PV and energy storage solutions, has signed a memorandum of understanding (MOU) with two Korean companies to develop solar projects in Korea totaling 100MW by the end of 2025, helping to accelerate the RE100 movement in the country.It signed the MOU with renewable energy consultancy CSC Energy and engineering, procurement and construction (EPC) company SolarTEQ. This alliance aims to empower businesses committed to clean energy by developing large-scale, ground-mounted solar power plants. The MOU establishes a framework for collaboration, leveraging each party’s strengths to specifically target the rapid growth of the RE100 initiative…
Mitsubishi Electric Corporation, Mitsubishi Electric Mobility Corporation (Mitsubishi Electric and Mitsubishi Electric Mobility are collectively referred to as “Mitsubishi Electric Group.”) and AISIN CORPORATION (TOKYO and NAGOYA: 7259) announced today the three companies have reached a basic agreement to establish a joint venture (the “JV”) company to handle products for next-generation electric vehicles (EVs) (the “Transaction”). The JV will succeed to part of Mitsubishi Electric Mobility’s business, and will develop, produce and sell traction motors, power converters (inverters, etc.) and their control software, which will be optimized for vehicles and relevant systems and used in next-generation EVs, including battery EVs…