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Merge
South Korea
Lotte and Hyundai to Merge Some Petrochem Units
Lotte Chemical and HD Hyundai Chemical have agreed to consolidate part of their naphtha-cracking operations at the Daesan petrochemical complex in South Chungch…
Sweden
Stora Enso’s $5.7b Spin‑off Creates Europe’s Largest Forestry Fund
Stora Enso will spin off its Swedish forest assets into a new publicly listed company, with the demerger expected to be completed in the first half of 2027. The…
United States
Bunge Profit Tops Estimates on Strong Processing Margins, Viterra Boost
Bunge Global reported stronger-than-expected third-quarter adjusted profit on Wednesday, supported by higher oilseed processing margins and the completion of it…
Coal Trade
Adani Power Emerges as Lowest Bidder for 3.2 GW Coal Tender in India’s Assam State
India’s Adani Power has been selected as the lowest bidder for a 3.2-gigawatt (GW) coal-based power supply tender issued by the northeastern state of Assa…
United States
Grain Trader Bunge Lowers 2025 Profit Forecast After Closing Viterra Deal
U.S. grain trader and processor Bunge (BG.N) on Wednesday lowered its 2025 earnings forecast following the completion of its merger with Viterra and announced a…
Battery
Europe’s Largest Sodium-Ion Battery Installation Goes Live
Switzerland’s Phenogy has emerged from stealth with the launch of its first commercial-scale sodium-ion battery system, which the company says is Europe&r…
South Korea
South Korea Petrochemical Overhaul Likely to Shut Small, Stand-Alone Naphtha Crackers
South Korea’s petrochemical industry, facing an oversupply, is undergoing significant restructuring, with analysts predicting closures or mergers of small and …
Electric Vehicles
This Country Quietly Became an Electric Haven With EVs Now Having 76% Market Shares
Nepal has emerged as a global leader in electric vehicle (EV) adoption, with 76% of new passenger vehicles and 50% of light commercial vehicles sold in 2024 bei…
Electric Vehicles
Geely Automobile, Zeekr Group Sign Merger Agreement to Unify Operations Under “One Geely” Vision
On July 15, Zhejiang Geely Holding Group announced that its subsidiary, Geely Automobile Holdings Limited, signed a merger agreement with ZEEKR Intelligent Tech…
China
Huawei Leads Global Inverter Market as Shipments Hit 589 GW in 2024
In 2024, Huawei, a Chinese conglomerate, emerged as the world’s leading inverter supplier, followed by Sungrow, Ginlong Solis, Growatt, and Sineng, accord…
Power Construction
US DoE Issues Emergency Order in Southeast US to Prevent Blackouts
On June 23, 2025, the US Department of Energy (DoE) issued an emergency order to support Duke Energy Carolinas in managing potential electricity shortages in No…
China
Shanghai Group to Put a Wind-Powered Data Centre Under the Sea
A collaboration of state and private sector partners in China has initiated a project to construct an offshore wind-powered data center submerged beneath the se…
Geothermal Power Project
DOI Implements Emergency Permitting Procedures for Geothermal Energy
The U.S. Department of the Interior (DOI) has introduced emergency permitting procedures to accelerate the review and development of geothermal energy projects.…
Oil Refinery
Petroecuador Declares Emergency at Ecuador’s Biggest Refinery After Fire Damages
Petroecuador, Ecuador’s state-owned oil company, announced a 60-day emergency at the Esmeraldas refinery, the country’s largest, on Thursday, follow…
France
France Reports Surge in Swine Flu Outbreaks as New Genotype Evades Immunity
In 2020, a new strain of swine influenza, genotype H1N2#E, emerged in France, leading to a significant increase in outbreaks among pig farms. The French Agency …
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