Author: omc_admin

As trade rules keep changing, mid-sized companies across the U.S. and Canada are shifting how they manage supply chains. Instead of seeing them as just a cost, companies are now treating supply chains as a strategic part of the business—and they’re putting money into tech, data, and compliance to keep up. What’s RelatedThat’s the big takeaway from a new RSM US report based on a survey of more than 300 supply chain decision-makers. The survey was completed just before the Trump administration’s April 2 announcement of sweeping new tariffs and a later 145% tariff on China. According to the findings,…

(Bloomberg) – Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan, as the sultanate seeks to raise cash to shore up its state finances and fund investments.  State-owned firm Energy Development Oman SAOC is seeking partners for a minority stake in the fields contained in Block 6, which also holds the country’s most prized oil assets, the people said, asking not to be named because the plans are private. Besides bringing in funds for Oman, a sale would also help spread the billions of…

Statistics Canada showed an unemployment rate of 6.9 percent, with most cuts in the manufacturing sector.Canada’s unemployment jumped to its highest level since November as United States President Donald Trump’s imposed tariffs affect the export-dependent economy. Statistics Canada showed a 0.2 percent increase for the month of April, bringing the country’s unemployment rate to 6.9 percent, according to its report released on Friday. The 6.9 figure matched November unemployment, which was an eight-year high outside of the pandemic era. The agency pointed to the effect tariffs imposed by the US had on the country’s manufacturing sector, which lost 31,000 jobs…

On May 8, 2025, Alkeymia presented its groundbreaking green hydrogen and ammonia production project to the residents of Caspe (Zaragoza), with the participation of Javier Martínez, the Director General of Economic Policy of the Government of Aragon. This €400 million project, which received a Regional Interest declaration in October 2024, aims to contribute significantly to Aragon’s energy transition and decarbonization goals. The Hydrogen and Ammonia Production Plant will be located at the El Portal industrial estate in Caspe and is expected to begin construction in 2026, with operations phased in through 2028. Alkeymia will produce 25,000 tons of green hydrogen…

Lyten, the supermaterial applications company and global leader in lithium-sulfur batteries, today announced a new national security-focused initiative to support the growing demand for high-endurance, wide-operational-radius drones for defense applications.The initiative is built on a next-generation drone energy storage system powered by Lyten’s ultra-lightweight lithium-sulfur (Li-S) batteries. Lyten is dedicating production capacity in its California manufacturing facilities to meet the unique needs of the U.S. defense, unmanned aerial vehicle (UAV), and satellite sectors. Lyten’s U.S.-sourced and manufactured lithium-sulfur batteries are uniquely positioned to help the Department of Defense meet two urgent modernization imperatives: Reducing dependence on foreign and adversarial supply…

The system, developed by Value Maritime, integrates carbon capture into an exhaust gas cleaning system known as the Filtree System. It is designed to capture up to 15 tonnes of CO2 per day, representing a potential 30% reduction in emissions during operations. Unlike conventional scrubbers, the Filtree System removes both sulphur oxides and CO2 from a vessel’s exhaust. CO2 is absorbed into a reusable amine solution, which can be offloaded in port for regeneration or reuse. Potential applications include use in greenhouses, beverage production, and other industrial processes — contributing to a more circular carbon economy. “Carbon capture is a key pillar…

Polytron, an Indonesian consumer electronics manufacturer, has forayed into the electric car business with the G3, a mid-size electric SUV. The G3 is also the first EV from an Indonesian brand. The G3 is not an EV Polytron designed or engineered itself, but one of the several rebadged and renamed versions of Chinese automaker Skyworth’s EV6. The company redesigned the original model’s front fascia and gave it an upper grille for a distinctive, more conventional look. Needless to say, it also changed the branding at the front and rear and on the inside. Polytron imports the G3’s knocked-down kits from…

On May 7-9, 2025, Hithium presented its full-scenario energy storage product portfolio at The smarter E Europe and officially launched the ∞Power 6.25MWh 2h/4h BESS EU Version, a system custom-designed for the European market.Featuring five key attributes—superior safety, high compatibility, easy maintenance, cost-effectiveness, and eco-friendliness—the system breaks through multiple constraints in capacity, scenarios, and environmental standards, empowering Europe’s transition toward low-carbon, sustainable energy. At the event, Hithium also signed a Memorandum of Understanding with Spanish venture capital management company GCRPV to pursue full-chain collaboration across the energy storage industry. This partnership marks a pivotal step forward in Hithium’s strategy for localized…

ConocoPhillips has divested non-core assets in the United States Lower 48 including stakes in the Ursa and Europa fields for $1.3 billion year-to-date, according to its quarterly results published Thursday. These count toward a divestiture goal of $2 billion that the oil and gas major earlier said it expects to complete in the first half of 2025. The completed portion consisted of around $600 million of deals reached at year-end 2024 plus the Ursa and Europa sales, completed this month with a price of about $700 million. ConocoPhillips sold its 15.96 percent stake in Ursa and 1 percent interest in…

A part of Northvolt’s German division has applied for restructuring, a spokesperson for the insolvent Swedish battery cell maker said on Friday, confirming a report in weekly magazine Der Spiegel. The affected division is Northvolt Germany TopCo GmbH while the entity in charge of building Northvolt’s German plant in Heide is still running, with construction still ongoing, the spokesperson said. Germany’s former Economy Minister Robert Habeck earlier this year said he was hopeful that new investors for the Heide plant would be found.Northvolt in March filed for bankruptcy in Sweden, marking one of the country’s largest…