Author: omc_admin

Heavy industry meets battery recycling as Redwood Materials strikes a deal with Caterpillar to recycle the lithium-ion batteries powering CAT’s electric mining equipment.Caterpillar’s R1700 XE is a zero-emission underground loader that’s powered by electricity rather than diesel fuel. Its 213-kWh battery pack, roughly equivalent to 3 to 4 Tesla battery packs, stores enough energy to run the loader in demanding conditions while eliminating on-site exhaust emissions. For miners, this means improved air quality underground and reduced ventilation costs.What makes the partnership with Redwood noteworthy is the cyclical nature of this new value chain: the very metals Caterpillar’s equipment extracts, such…

Hyliion Holdings Corp. has posted a revenue of $1.5 million and a net loss of $13.4 million for the second quarter of 2025. The company did not record any revenue for the second quarter of 2024, when it took a net loss of $10.8 million. However, the delayed commercialization of its KARNO product has pushed Hyliion to revise its 2025 revenue guidance to $5-10 million from $10-15 million previously. Operating expenses totaled $15.8 million, compared to $14.0 million for the prior-year quarter. The increase was primarily driven by higher research and development expenses, which rose to $10.1 million, up from…

Morgan Stanley sees $2.2 trillion of investment in new nuclear power through 2050, a more than 40% increase over its projection last year as government support and demand from the tech sector has grown. The investment bank sees the U.S. adding 150 gigawatts of nuclear power by the middle of century, according to a note published this month. That would more than double the installed capacity in the U.S., though it is well below President Donald Trump’s goal of adding an additional 300 gigawatts. “The nuclear renaissance has already made significant progress,” Morgan Stanley analysts told clients on Aug. 12.…

ExxonMobil has signed a long-term agreement with Cerebre to accelerate and sustain ExxonMobil’s Foundational Digital Backbone. This strategic collaboration underscores ExxonMobil’s commitment to data and innovation targeted at driving enterprise operational efficiency.  About Cerebre Cerebre delivers a live intelligence map of the plant connecting physical assets, operating conditions, and expert insights to drive smarter, safer decisions. Cerebre’s patented technology transforms how industrial companies navigate, understand and optimize their operations. Cerebre brings plant context to AI models, workflows, and decision-making, unlocking new levels of efficiency and safety. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy and…

More than 920 SME suppliers join Iberdrola’s latest sustainability training, spanning four continents. The initiative builds on previous years, where 338 suppliers completed the program with 96% finding it useful. Iberdrola enforces a strict supplier Code of Conduct covering human rights, inclusion, safety, and anti-corruption. Iberdrola has renewed its collaboration with the UN Global Compact in Spain, taking part in the third edition of the Sustainable Suppliers Training Programme. This year, the initiative will provide sustainability training to more than 920 SME suppliers across the four continents where Iberdrola operates. The programme, promoted by UN Global Compact Spain with ICEX…

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs.Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons in July, up by 7.1% compared to a year earlier, according to customs data cited by Reuters.China’s diesel and gasoline exports have dropped year to date, but shipments surged in July from the same month of 2024. Diesel exports soared by 53.2% while gasoline shipments jumped by 18.6%, according to the…

Houston-headquartered oil and gas company Sable Offshore Corp. has reported a net loss of $128.1 million for the second quarter of 2025, versus a net loss of $165.4 million for Q2 2024. The company attributed the Q2 2025 net loss to production restart-related operating expenses and non-cash interest expense. The company said it had restarted production at the Santa Ynez Unit (SYU) in May and began flowing oil to Las Flores Canyon. Also in May, Sable completed its anomaly repair program on the Las Flores Pipeline System, per the Consent Decree that governs the restart and operation of the onshore…

In a statement sent to Rigzone recently, the Texas Independent Producers and Royalty Owners Association (TIPRO) announced that it has awarded Eugene Garcia, President of Hurd Enterprises Ltd, with the Mr. TIPRO prize. TIPRO noted in the statement that the award is its top honor and said it “recognizes members of the association who have proven to be loyal and involved over the years”. “Recipients of the Mr. TIPRO award are selected for demonstrating distinctive service and dedication to the association and its mission and recognized for significant achievements in their careers benefiting the Texas oil and natural gas industry,”…

Largest-ever green loan for a data centre in Singapore Backed by a consortium of 26 local and international financial institutions Loan incentives directed to AirTrunk’s social impact fund for community programs Asia Pacific & Japan hyperscale data centre specialist AirTrunk has secured a record S$2.25 (US $1.65) billion green loan in Singapore to fund the development of its new Loyang-based facility, AirTrunk SGP2. The financing marks Singapore’s largest-ever loan — and largest green loan — for a data centre. It underscores Singapore’s ambition to solidify its position as a global green finance hub, a vision championed by the Monetary Authority…

Indian electric vehicle manufacturer Omega Seiki Mobility plans to establish its first overseas EV assembly plant in the UAE. The company has chosen the Jebel Ali Free Zone (Jafza) in Dubai for the facility. Omega Seiki Mobility will set up the EV plant in Jafza over a 42,000 sq ft area and use it to assemble two- and three-wheelers as well as to store and distribute components and spare parts. The company expects to start operations at the new site by the end of the year. The Indian EV maker plans to invest 25 million US dollars (approx. 21 million…