LS Eco Energy, a subsidiary of LS Cable & System, recorded sales of approximately KRW 180 billion and operating profits of KRW 9.7 billion. This is our highest performance ever in the first quarter of a year, with sales up 2% from the same period last year and operating profits up 84%.?Net profits increased significantly by over 1,200%, reaching KRW 8 billion. Thanks to this strong performance, we plan to expand into the submarine cable market and permanent magnet rare earth elements business. This year, we plan to establish a joint venture with PTSC and Vietnam as we prepare to enter the ASEAN and European submarine cable markets by building a new submarine cable factory in Vietnam. At the beginning of this year, we signed a rare earth oxide purchase agreement with Vietnamese mining company H?ng Tín Mineral as we continue to actively build a value chain for related business endeavors. With the ongoing expansion of power grids worldwide, the synergy between LS C&S—a global top-tier company—and LS Eco Energy is expected to grow even further. Read more below:? https://lnkd.in/g29NAnzJ Subscribe to our newsletters below and stay informed.? https://lnkd.in/eK7z33xQ #LSCNS #LSEcoEnergy #eco #energy #profit #revenue #submarine #cable #market #business #vietnam #asean #european #vaule #chain
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Beijing will dominate Eurasia. It is not just critical minerals that China wants from Kazakhstan. Beijing has invested billions of dollars, much of it as part of its Belt and Road foreign policy initiative, into upgrading Kazakhstan’s railways and other infrastructure to establish easier trade routes to Europe, an essential trading partner of China. In three decades as an independent country after the fall of the Soviet Union, Kazakhstan has built an economy that is reliant on its natural resources. Through its state-owned mining firms, Kazakhstan is a leading supplier not only of oil and uranium but also of chromium, gold and copper. Now Beijing also wants Kazakhstan's rare earths to grow its immense electric vehicle industry, preserving global leadership in the NEV sector. CCP's acquisition of strategic assets in Central Asia continues - #NationalSecurity ACWA Power from Saud Arabia sold 35% of its shareholding in ACWA Power Bash Wind Project Holding Company Limited and ACWA Power Uzbekistan Wind Project Holding Company limited to China Southern Power Grid International (HK) Co. Ltd. "The transaction represents the first co-investment transaction between ACWA Power and China Southern Power Grid, for a large-scale renewable energy project in Central Asia. This milestone follows framework agreements signed in December 2022 between ACWA Power and Chinese companies, that lay the ground for financing, investment and construction of ACWA Power’s global clean and renewable energy projects in Saudi Arabia and Belt and Road Initiative countries." https://lnkd.in/dFTPBti4
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Evelution Energy receives $200 million LOI from U.S. Exim Bank to fund the construction of a U.S. cobalt processing facility in Yuma Arizona! “We are honored for the opportunity to partner with EXIM,” said EVelution Energy President Navaid Alam. “Support from EXIM prioritizes the imperative to onshore critical mineral processing." EVelution Energy’s cobalt processing facility is expected to have a huge impact on the local economy, generating more than $750 million in economic activity, and creating more than 3,000 new jobs during the life of the project. Read more here https://lnkd.in/g7bz-RHq #EV #greateryuma
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???????????? ?????? ???????????????????? ?????????? ???????????? ????????-????????. ???????????????? ????????????. *???????? ??????????????: ?????????????? ?? ???????????? ???????????? ??????: https://lnkd.in/dxHmSkzr LNG insulation panels, designed to cool natural gas to -163°C for storage and transport, are primarily used in LNG carriers and increasingly in FLNG facilities (LNG FPSO/FSRU), fixed offshore platforms, and offshore storage. The global market is dominated by five manufacturers—Dongsung Finetec, Hankuk Carban, Yoke Technology, Roechling, and Meisei—collectively holding about 90% market share, with Dongsung Finetec leading at over 35%. The Asia-Pacific region is the largest consumer, accounting for over 60% of the market. By type, foaming agents hold an 80% market share, while LNG carriers dominate applications with over 70%. This comprehensive report provides detailed quantitative and qualitative analyses by manufacturer, region, type, and application, exploring competition, supply-demand trends, and evolving market dynamics, along with company profiles and 2025 market share estimates for key players. *???? ????????:?Foaming Agent, Laminated Densified Wood *???? ??????????????????????: LNG Carrier, LNG Receiving Station, Others *???? ????????????: North America, Europe, Asia-Pacific, South America, Middle East & Africa *???? ?????? ??????????????:?DONGSUNG FINETEC Co, Jiangsu Yoke Technology Co., Ltd., Roechling Industrial North America, Kingspan Group, Kawasaki Heavy Industries, Ltd. #LNGInsulationPanel #CryogenicInsulation #NaturalGasStorage #LNGTransport #LNGCarriers #FLNGFacilities #OffshoreLNGPlatforms #LNGFPSO #LNGFSRU #FoamingAgents #CryogenicTechnology #DongsungFinetec #LNGMarketTrends #LNGStorageSolutions #AsiaPacificLNGMarket #LNGSupplyChain #OffshoreStorageSolutions #InsulationTechnology #EnergyTransportation #LNGIndustryAnalysis
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CWP Global is thrilled to announce a new MoU signed with SNIM (Société nationale industrielle et minière) to explore innovative opportunities to decarbonize iron ore production in Mauritania. This groundbreaking collaboration aims to leverage CWP's ultra-large-scale green hydrogen project, AMAN, to transform Mauritania into a leading producer and exporter of green Hot Briquetted Iron (HBI) through a new Direct Reduced Iron (DRI) hub project that could host multiple green hydrogen-based DRI plants capable of converting Mauritanian raw iron ore into millions of tonnes of green HBI per year, predominantly for export to the European steel industry. This initiative is a significant step towards reducing carbon emissions in the steel industry, aligning with global sustainability goals. ?? Present at a workshop following the MoU signing were representatives from the Government of Mauritania, as well as senior representatives from leading technology provider Primetals Technologies, and Midrex Technologies, Inc. the industry leader for DRI technology. Together, we are paving the way for a greener future! ?? Learn more about the project here: https://lnkd.in/eRNyN-PK #GreenHydrogen #Decarbonization #Sustainability #CleanEnergy #GreenSteel #CWPGlobal #SNIM #Mauritania
SNIM and CWP Global agree to explore opportunities to decarbonise Mauritania’s iron ore production
https://cwp.global
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#Zambia While pushing its way to the forefront of the energy transition and critical metals security, with the Battery Trail expanding towards China. Notably, China's latest $5 billion investment has surpassed current sector investments, urging U.S. & EU agencies to take note, but don't. Mining Africa underscores China's dominance in Africa's copper belt in the absence of U.S. mining presence. Stay informed on DRC and Zambia's dominant role in critical metals/minerals, fuels, and transport of raw materials jtcenergyinsights.com Efforts to tap into Zambia's resources by the list of Critical Metals and Resources authors are minimal. U.S. government involvement in developing Zambia's reserves and infrastructure are minimal. The notable exception is a contribution rehabilitating the Lobito Rail Corridor providing access to the Atlantic Ocean. Until very recently all shipments went east or south by rail or truck. Stay updated on strategic developments in Africa's growing role in metals/minerals and fuel assets at JTC Energy Insights. hashtag #EnergyTransition #Critical #Metals #China #ZambiasResources #US #EU #MiningAfrica #BatteryTrail #StrategicInvestments #CopperBelt.
Consulting Services for Energy Industries | JTC Energy Insights
https://jtcenergyinsights.com
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Boost for critical minerals in North Queensland ?? This week Idemitsu Australia Pty Ltd. announced a $75 million investment in the Vecco Critical Minerals Project located near Julia Creek. The project is a boost for Queensland's critical minerals industry and our global needs for the energy transition. Vanadium is necessary for battery storage and the project's high-quality minerals will establish Australia's battery supply chain. It's a sign of great things to come in our NW Minerals Provence and the contributions that'll make their way to everyday Queenslanders. #Idemitsu #QRC #Queensland #Qld #Resources #Minerals #ProudlyresourcingQueensland
Idemitsu Australia Pty Ltd invested AUD $75 million in Vecco Group to develop its integrated critical minerals and vanadium electrolyte project. The Vecco Critical Minerals Project supports the energy transition and will meet rising demand for long duration energy storage solutions. The Project will mine and refine high purity vanadium in the Julia Creek region and is expected to deliver significant economic benefits to Queensland and create approximately 600 jobs. This strategic investment will establish a complete vanadium battery supply chain and position Australia as one of the leading nations in energy storage.
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NERSA's approval of four new electricity trading licences is a positive step toward more competition, flexibility, and access in the energy market. I am excited for what lies ahead for South Africa’s energy transition ?? #Sustainability #EnergyTrading #RenewableEnergy
We are very pleased with the successful outcome of the National Energy Regulator of South Africa (NERSA)’s Electricity Subcommittee (ELS) Meeting No.299, in which the committee recommended that Apollo Africa's Electricity Trading Licence be approved. Apollo Africa is ready to play a key role in shaping the country’s energy future. We applaud NERSA - RSA for prioritising public interest by fostering increased competition in the market. As seen in progressive energy markets worldwide, competition drives down consumer prices, encourages efficiencies, and prevents wasteful expenditure. #apolloafrica #wheeling #energytransition #justenergytransition #renewables
Nersa committee recommends licensing of four more traders, batting away Eskom objections
engineeringnews.co.za
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Engro Corp, Pakistan's largest conglomerate, plans to expand into new markets such as the Middle East, Central Asia, and Africa, according to Samad Dawood, Vice Chairman of Dawood Hercules Corp, its largest investor. The company is exploring opportunities in global LNG and hydrogen energy, alongside telecom infrastructure in the Middle East, North Africa, and Central Asia, and fertilizer businesses in Africa. Despite divesting its coal-based assets, Engro remains committed to investing in the energy sector, focusing on sustainable energy production. Engro owns a majority stake in Pakistan's first LNG terminal, fulfilling a significant portion of the country's natural gas demand. The company is also exploring hydrogen energy solutions using ammonia. Dawood highlighted Pakistan's energy insecurity and the need for further investment in the power sector. With domestic gas supplies dwindling, Pakistan has increasingly turned to LNG to meet its energy needs. For more stories, visit: www.brandsynario.com . . #Brandsynario #EngroCorp #Global
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Idemitsu Australia Pty Ltd invested AUD $75 million in Vecco Group to develop its integrated critical minerals and vanadium electrolyte project. The Vecco Critical Minerals Project supports the energy transition and will meet rising demand for long duration energy storage solutions. The Project will mine and refine high purity vanadium in the Julia Creek region and is expected to deliver significant economic benefits to Queensland and create approximately 600 jobs. This strategic investment will establish a complete vanadium battery supply chain and position Australia as one of the leading nations in energy storage.
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Mauritania is taking bold steps towards decarbonizing its iron production. In a new partnership between Société Nationale Industrielle et Minière (SNIM) and Australian energy company CWP Global, the country will set up a hub for producing hot briquetted iron (HBI) using green hydrogen. HBI, a superior form of iron ore, is essential for decarbonizing the steel industry. The "Aman" project, launched by CWP, will develop 30 GW of renewable energy to power this production, potentially reducing millions of tonnes of CO2 emissions annually. Mauritania, already the 15th largest iron producer globally, aims to increase its production to 40 million tonnes annually, bolstering its position in the global market. As nations like Mauritania embrace sustainable practices, what are your thoughts on green hydrogen's role in transforming industries? Do you think green hydrogen can become the standard for industrial processes worldwide? What other sectors could benefit from such innovative approaches? #GreenHydrogen #SustainableIndustry #Decarbonization #IronProduction #RenewableEnergy #Innovation #Mauritania
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