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The aim of the joint project is to deliver the most efficient battery solutions for mobility, motorsport, marine, aerospace, and energy storage applications—leveraging hofer powertrain’s established system expertise and extensive experience with conventional cell technologies, while also driving the early adoption and advancement of new innovations. Lithium-sulfur (Li-S) technology offers a more sustainable, lighter, and higher-energy-density battery storage solution by eliminating the use of critical materials such as nickel, cobalt, manganese, and graphite. hofer powertrain is currently building a battery module to further progress the potential of this new cell chemistry at the module and pack level. These cells represent…

The German thin film specialist Leonhard Kurz and the Chinese tech company Horizon have formed a European joint venture called Horizon-Kurz New Material Technology . Leonhard Kurz and Horizon want to focus on the market for battery separator films in their joint venture. The aim is to significantly improve the safety, service life and performance of lithium-ion batteries for electric vehicles. While the two have not disclosed the exact ownership structure of the joint venture, it is clear that Horizon has a majority stake. Rainer Süßmann, who is Executive Senior Vice President of the Business Area Plastic Decoration at Kurz…

CATL today unveiled the TENER Stack, the world’s first 9MWh ultra-large capacity energy storage system solution set for mass production at ees Europe 2025, representing a strategic leap forward in capacity, deployment flexibility, safety, and transportability. In response to fast-growing global energy demands, from AI-driven data centres to industrial electrification, TENER Stack is engineered to help utilities, developers, and industrial users unlock greater economic value from every square metre of installation. “CATL has always been at the forefront of the energy transition,” said Amanda Xu, CTO ESS & President of ESS Europe CATL. “To meet the expectation of a BESS…

(BOE Report) – Canada’s second-largest oil producer Suncor Energy said on Wednesday a recent cost-cutting campaign had set it up well to weather lower global oil prices, but did not rule out reducing capital spending next year if weaker economic conditions persist. CEO Rich Kruger told analysts on a conference call that Suncor has not changed its 2025 capital budget range of C$6.1 billion ($4.43 billion) to C$6.3 billion, and already planned to spend less – in the range of C$5.7 billion – next year. That 2026 budget will be trimmed if necessary, Kruger said. “If the business environment warrants that further,…

Harbour Energy has told Rigzone that it expects to cut around 250 jobs. “Harbour is launching a review of its UK operations, which we expect to result in a reduction of around 250 onshore roles in our Aberdeen-based business unit,” Scott Barr, the managing director for Harbour Energy’s UK business unit, said in a statement sent to Rigzone late Wednesday.   “The review is unfortunately necessary to align staffing levels with lower levels of investment, due mainly to the government’s ongoing punitive fiscal position and a challenging regulatory environment,” he added. In the statement, Barr said the company is also…

Exxon Mobil Corp. and Marubeni Corp. on Wednesday announced a deal for the Japanese diversified company to buy about 250,000 metric tons a year of ammonia from a planned Texas project of the energy giant. Marubeni also agreed to acquire a stake in the facility, planned to rise in Baytown city with production of up to 1 billion cubic feet a day of low-carbon hydrogen and over 1 million metric tons per annum of low-carbon ammonia, a joint statement said. ExxonMobil has been in talks with several potential Japanese customers. It expects to approve the project this year depending on…

US-China Trade Talks Offer Near-Term Support Crude oil prices are finding modest support from optimism surrounding upcoming U.S.-China trade talks. Scheduled for May 10 in Switzerland, the talks between U.S. Treasury Secretary Scott Bessent and China’s top economic official are raising hopes of easing tensions between the world’s two largest oil consumers. This positive sentiment has helped Brent crude stabilize above $61 per barrel, despite broader macroeconomic concerns. Rising Supply from OPEC+ Adds Pressure However, the upside remains limited as OPEC+ has announced plans to increase output for a second straight month. The coalition will add 411,000 barrels per day…

New Delhi: The Ministry of Road Transport and Highways has requested the Ministry of Petroleum and Natural Gas (MoPNG) for a new policy that allows use of Lignin, a byproduct of bio-CNG production from rice straw, in making Bitumen for road construction, minister of road transport and highways Nitin Gadkari said today.Speaking at the BBB Summit here, the minister said the two ministries had a meeting last month on the use of lignin in Bitumen. “Now CRRI has implemented a successful project where lignin is added 35 per cent in Bitumen. Using this, we have already completed 1 Kilometer of…

North American oil and natural gas exploration and production company Ovintiv Inc. has reported a net loss of $159 million for the first quarter of 2025, versus a net income of $338 million for Q1 2024. The results were impacted by a non-cash ceiling test impairment of $557 million, the company said in a media release. Total revenues for the first quarter were at $2.37 billion, on par with the $2.35 billion logged for the corresponding quarter a year prior. Average production in the first quarter was approximately 588,000 barrels of oil equivalent, including 206,000 barrels per day (bpd) of oil…

Houston: Exxon Mobil has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni , the U.S. oil producer said on Wednesday, representing Exxon’s first signed customer agreement for its planned hydrogen facility in Baytown, Texas. The agreement is a step forward in Exxon’s effort to build the world’s largest low-carbon hydrogen facility at its Baytown refining and chemical complex, which has experienced delays. Hydrogen, which can be produced from natural gas, is a clean fuel that produces water when it is burned, while ammonia can be used as a carrier for…