FCA, PSA In Talks Over European Joint Venture

April 1, 2019 | Left Lane

Fiat Chrysler Automobile is discussing a tie-up with France's PSA Group to jointly develop new cars for the European market, including electrics, a new report finds.

According those familiar with the talks, FCA and PSA have discussed the possibility of jointly developing a so-called "super platform” that would underpin new vehicles from both automakers. Vehicles based on the super platform would be sold in the European market, according to Bloomberg.

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TOTAL's (TOT) Unit to Expand Energy Storage Operation Via JV

April 5, 2019 | Nasdaq

TOTAL S.A. TOT announced that its subsidiary Saft has entered into an agreement to create a joint venture (JV) with Tianneng Energy Technology (TET), a subsidiary of the Chinese privately-owned Tianneng Group, in order to expand their energy storage businesses.

The JV will be manufacturing advanced Li-ion cells, modules and packs from the Changxing Gigafactory, with a potential capacity of 5.5 gigawatt hours (GWh). Saft will have a 40% shareholding in the new JV, while the Tianneng Group will hold the remaining shares.

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Shell Venture Set to Invest $15 Billion in Nigeria, ThisDay Says

April 6, 2019 | Bloomberg 

Shell Petroleum Development Company plans to invest about $15 billion in oil and gas projects in Nigeria over the next five years, Lagos-based newspaper ThisDay reported, citing managing director of the unit, Nosa Okunbor.

The company operates under a joint venture between the Nigerian National Petroleum Corporation, Royal Dutch Shell Plc, Total Exploration and Production Nigeria Ltd. and Nigerian Agip Oil Company Ltd., according to its website. Shell has a 30 percent stake in the business.

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VinFast & LG Chem Launch Battery Joint Venture

April 8, 2019 | Electrive.com

VinFast has established a joint venture with LG Chem to produce battery packs for the Vietnamese start-up’s electric scooters and future electric cars. The two companies already signed a letter of intent in September 2018 to cooperate on EV batteries.

The production facility of the new joint venture is located in the northern port city of Hai Phong and covers an area of more than 12,000 square meters. While VinFast is responsible for the construction of warehouses and production lines, personnel and plant operation, the South Korean battery specialist will contribute its technical know-how as well as monitoring and training capacities.

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TAP to Contribute to More Competitive Environment in European Gas Market

April 10, 2019 | Azer News 

Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, will contribute to a more competitive environment in European gas market, Trend reports citing a message from TAP AG consortium.

“Natural gas consumption in Europe continues to rise. While gas meets 54 percent of energy needs in Italy, it costs around 30 percent more than the European average. Once operational, TAP will diversify supply sources and contribute to a more competitive environment,” said the consortium.

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Vale Awarded US$1.2 Billion Over Simandou

April 10, 2019 | Mining Journal 

In a statement released hours ago, Vale said it was awarded the amount on Friday "for fraud and breaches of warranty by BSGR in inducing Vale to enter into a joint venture to develop a concession for mining iron ore in the Simandou region".

It said the Republic of Guinea revoked the concession in 2014 after a finding that BSGR had obtained it through bribery of government officials, while finding Vale did not participate in the bribery.

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Walgreens Partners with VillageMD to Offer Primary Healthcare

April 11, 2019 | Zacks Equity Research 

Walgreens Boots Alliance Inc. (WBA - Free Report) recently announced a tie-up with VillageMD to provide primary healthcare services to adult patient communities in the Houston area. This joint venture marks Walgreens’ commitment toward enabling better access to affordable healthcare and creating neighborhood health destinations.

Walgreens is one of the most renowned drugstore chains of the United States, whereas VillageMD is a key healthcare provider for organizations which are shifting to a primary care-oriented, high-value clinical model.

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Air Liquide and Houpu Form Joint Venture

April 25, 2019 | Gas World

Air Liquide and Chengdu Huaqi Houpu Holding co., Ltd (Houpu) have finalised a joint venture agreement for the development, production and distribution of hydrogen refilling stations in China.

The joint venture, Air Liquide Houpu Hydrogen Equipment co., Ltd., will enable the two companies to jointly promote the development of a network of hydrogen stations in China.

The collaboration will combine Air Liquide’s experience in clean hydrogen mobility solutions with Houpu’s experience in the production and construction of natural gas refilling stations on the Chinese market.

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Saudi Taqa Sees $1.2 Billion in America, Middle East Oil Deals

April 25, 2019 | OilPrice.com

A Saudi oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business.

Saudi Arabia’s Industrialization & Energy Services Co., known as Taqa, targets two deals in North America this year to improve its technological and manufacturing capabilities, Chief Executive Officer Azzam Shalabi said in an interview in Dammam, Saudi Arabia.

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Cryogenic Energy Storage: An interview with Javier Cavada of Highview Power

April 26, 2019 | Renewable Energy Magazine 

Highview Power recently announced the formation of a joint-venture with TSK, a global leading EPC company for the expansion of its giga-scale cryogenic energy storage systems across Spain, the Middle East and South Africa. The joint-venture is expected to enable the immediate shift from thermal and nuclear power to renewables and is expected to result in ~1 billion EUR over the next three years.

The new JV allows the company to co-develop giga-hour scale, long-duration energy storage systems using Highview Power’s proprietary cryogenic energy storage solution, the only long-duration energy storage solution available today that offers multiple gigawatt hours of storage representing weeks’ worth of storage, not just hours or days. At giga-scale, cryogenic energy storage resources are equivalent in performance to – and could replace – a fossil fuel power station.

REM talked to Highview Power CEO, Javier Cavada, to find out more.

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Saudi Aramco Looks To Bolster Gas Business Through Joint-Ventures

April 28, 2019 | Bloomberg

Saudi Arabia’s oil giant Aramco, which has an ambitious plan to grow its natural gas business, is in talks with many partners for a potential joint venture or partnership, in order to grow its international gas position, Saudi Aramco’s chief executive Amin Nasser said on Thursday.

“For the time being we are looking at potential JV or partnership,” Reuters quoted Nasser as saying in Riyadh today.

Aramco has already sold its first liquefied natural gas (LNG) cargo from Singapore, the firm’s chief executive added.

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AmSty and Agilyx Launch Joint Venture, Regenyx LLC

April 30, 2019 | Yahoo Finance

AmSty and Agilyx announce they have formed a joint venture, Regenyx LLC, dedicated to fully recycling post-consumer polystyrene materials back to new polystyrene products. Regenyx will utilize Agilyx’s chemical recycling process to convert used polystyrene products back to their original liquid form, styrene monomer. AmSty can then take that styrene monomer and work with its supply chain partners to make new polystyrene products with a favorable environmental profile without any degradation of quality or value. This form of circular recycling is known as the PolyUsable™ process.

Regenyx will assume the assets of Agilyx’s Tigard, Oregon, facility, which is currently scaled at 10 tons per day and already shipping recycled styrene monomer to AmSty. In addition, AmSty and Agilyx will work together to develop plans for a larger regional facility scaled to 50 tons per day, currently envisioned for the West Coast.

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