Hyundai Motor Co, the South Korean automaker, has announced that it will invest about 109.4 trillion won ($85.4 billion) in the next decade to meet the growing demand for electric vehicles (EVs) and batteries. The company said on Tuesday that it plans to spend about 35.8 trillion won ($28 billion) on EVs by 2032, aiming…
Norse Atlantic Airways launches daily flights between Rome and New York
OSLO, NORWAY: Norse Atlantic Airways, a new low-cost long-haul airline, has started its daily flights between Rome Fiumicino Airport and New York JFK Airport on June 19[th], offering passengers an affordable and comfortable way to travel across the Atlantic. The airline, which operates Boeing 787 Dreamliner aircraft, said it is committed to delivering high-quality service…
TotalEnergies to supply certified sustainable biomethane to Saint-Gobain
PARIS, FRANCE: TotalEnergies has signed a 100 GW biomethane purchase agreement with Saint-Gobain France for a three-year period starting in 2024. The biomethane will be produced by TotalEnergies at its BioBéarn biomethane plant, which came on stream at the beginning of the year and whose production is certified sustainable by ISCC1 under the highest sustainability…
Woodside approves investment in Trion oil project in Mexico
LONDON, UK: Woodside, an Australian energy company, has announced that it has made a final investment decision to develop the Trion oil and gas project in Mexico, in partnership with the state-owned PEMEX. The project, which is expected to produce up to 100,000 barrels of oil per day from 2028, will cost US$7.2 billion, of…
Airbus signs record $50 billion deal with IndiGo
Airbus and Indian airline IndiGo announced on Monday a record $50 billion deal for 500 single-aisle A320 family aircraft. The deal is the largest ever by number of aircraft and eclipses Air India’s provisional purchase of 470 Airbus and Boeing jets earlier this year. IndiGo is India’s largest airline and has a fleet of over…
APA Group appoints new CFO from energy sector
SYDNEY, AUSTRALIA: APA Group, an ASX-listed energy infrastructure business, has announced the appointment of Garrick Rollason as its new Chief Financial Officer (CFO), effective from October 2023. Garrick joins APA from Victoria Power Networks and United Energy, where he was the CFO for more than seven years. He has also worked at Credit Suisse in…
Lithium Energy partners with Lanshen to build lithium plant in Argentina
SYDNEY, AUSTRALIA: Lithium Energy Limited, an ASX-listed company focused on lithium brine projects in South America, has announced that it has signed a binding agreement with Lanshen, a Chinese company that provides direct lithium extraction (DLE) technology and plant manufacturing, to build a lithium carbonate plant at its Solaroz project in Argentina. The plant, which…
Resimac to buy $150m commercial loan portfolio from Thorn Group
SYDNEY, AUSTRALIA: Resimac Group Ltd, an ASX-listed non-bank lender, has announced that it has agreed to buy a $150 million portfolio of commercial asset finance loan receivables from Thorn Group Ltd, an ASX-listed consumer leasing and finance company. The deal, announced on Tuesday, supports the strategic growth objectives of Resimac’s Asset Finance division, which provides…
Al Salam Bank Launches its “Buy Now, Pay Later” Service for its Debit Cardholders
MANAMA: Al Salam Bank announced the launch of its “Buy Now, Pay Later” service for its debit cardholders, following its success in facilitating installment payments for its credit cardholders in November last year. The fully automated, instant, and seamless service allows clients to settle their payments in installments within a specific time frame defined by…
abrdn Diversified Income and Growth launches strategic review
LONDON, UK: abrdn Diversified Income and Growth plc (ADIG), an investment trust that invests in a globally diversified multi-asset portfolio, has announced that it has started a strategic review to consider how it can best deliver value to shareholders. The company, which was formerly known as Aberdeen Diversified Income and Growth Trust, said on Tuesday…
Active Energy appoints Barron Hewetson as the Company’s Chief Technology Officer
LONDON, UK: Active Energy, the international biomass based renewable energy business, announced the appointment of Barron Hewetson as the Company’s Chief Technology Officer, with effect from 1 July 2023, to focus on the development of CoalSwitch® production in the United States. Barron’s role will initially be in a non-Board capacity. Barron joins Active Energy from…
Esken sells stake in Mersey Bioenergy for £9 million
LONDON, UK: Esken, the aviation and renewable energy group, has agreed to sell its stake in Mersey Bioenergy, a combined heat and power plant in Widnes, to UK Waste Resources and Energy Investments L.P., a member of the Bioenergy Infrastructure Group, for £9 million. The deal, announced on Tuesday, is part of Esken’s ongoing strategy…