The ethylene cracker project at Bina Refinery, which includes downstream petrochemical plants and refinery expansion, has been authorised by the board of the state-owned Bharat Petroleum Corporation Ltd (BPCL), according to the firm. The Ethylene Cracker Project, which will power the manufacturing of necessary petrochemicals, is the mainstay of the expansion initiatives. The project includes […]
Shangji to Invest in New Plant for Manufacturing PV Modules – EQ Mag
Shangji Automation recently announced its plan to build a new plant for manufacturing PV modules in the economic development zone of Jiangyin, a county-level city administered by Wuxi in China’s Jiangsu Province. The total investment in this project is estimated to be around RMB 5 billion. The development of the entire plant will be carried […]
IberBlue Wind to invest $4.36 bln in Portugal-Spain offshore wind – EQ Mag
LISBON : Irish-Spanish consortium IberBlue Wind plans to invest more than 4 billion euros ($4.36 billion) in two wind farms off the Atlantic coasts of Portugal and Spain, it said on Tuesday. IberBlue said in a statement it aimed to create a combined installed capacity of 1.96 gigawatts (GW), enough to supply electricity to over […]
Albemarle to invest over $1 bln in lithium plant as EV battery demand grows – EQ Mag
Albemarle Corp said on Wednesday it would invest at least $1.3 billion in its new lithium hydroxide plant in Chester County, South Carolina, to help meet growing demand for batteries that power electric vehicles. Lithium prices have surged over the past year with automakers seeking fresh supplies of the battery metal as they build out […]
Hero Future Energies to invest Rs 30,000 cr in renewable energy in Andhra Pradesh – EQ Mag
The MoU, signed on the sidelines of the Andhra Pradesh Global Investors Summit 2023, states that Hero Future Energies plans to invest a sum of Rs. 30000 Crores to set up RE facilities Solar Wind for CI customers, Utility projects and Green hydrogen Derivatives in state of AP, over the next three to five years. […]
DAO EVTech aims to invest Rs 100 crore in Tamil Nadu – EQ Mag
The company also aims to hire 2000 individuals before 2025. DAO EVTech, a smart electric mobility manufacturing startup with a Make In India focus, has proposed to invest Rs 100 crore in Tamil Nadu. Dr. Michael Liu, Chairman and CEO of DAO EVTech, stated that the “Tamil Nadu market is crucial to any EV two-wheeler […]
Wonder Solar to Invest RMB 1 Billion in 2GW Perovskite Cell Project – EQ Mag
A ceremony to mark the simultaneous initiation of several major industrial projects in China’s Hubei Province in 2023 was held recently in the New City Area of Wuhan. The venue of the event had a section dedicated to the Ezhou Ge Shop Economic and Technological Development Zone; and within this section there was a celebration […]
CATL-Led Consortium Will Invest More Than CNY 6.7 Billion in Lithium Projects in Bolivia – EQ Mag
Major battery supplier CATL has won the right to participate in the development of Bolivia’s large reserves of lithium resources. On January 21, Reuters reported that the Bolivian government has chosen a consortium led by CATL to direct the mining of lithium in the country’s Uyuni and Oruro salt flats. The consortium, which includes China […]
Adani Group plans to invest Rs 60,000 crore in MP in various sectors – EQ Mag
Indore : Ports-to-energy conglomerate Adani Group on Wednesday said that it has plans to invest Rs 60,000 crore in mineral exploration, energy, agriculture, renewable energy and coal sectors. The group, however, did not give timelines for the investment. “During one-to-one interaction with Madhya Pradesh chief minister Shivraj Singh Chouhan on the sidelines of the two-day […]
JSPL to invest Rs 1,500 crore to make Monnet Power project operational – EQ Mag
Jindal Steel and Power Limited (JSPL) will invest up to ₹1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for ₹410 crore through the […]