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South Korean company LG Chem plans to build a hydrogen plant to reduce carbon emissions

LG Chem Ltd of South Korea announced on Monday that it intends to build a hydrogen plant in the country. By the second quarter of 2024, the new plant

LG Chem Ltd of South Korea announced on Monday that it intends to build a hydrogen plant in the country. By the second quarter of 2024, the new plant is predicted to produce 50,000 tonnes of hydrogen per year. LG Chem intends to collaborate with Taekyung Chemical, Koreas largest producer of carbonic acid gas, which uses highpurity CO2 as a raw material. In early morning trading, LG Chem shares were down 0.2 percent, compared to a 1% drop in the benchmark KOSPI. Read More..

B2B Tech News | 2 years ago        

Vladimir Putin has stated that nuclear weapons will be used to safeguard our sovereignty.

Vladimir Putin declares the end of the era of the unipolar world as he addresses St Petersburg International Economic Forum. Russian president says Mo

Vladimir Putin declares the end of the era of the unipolar world as he addresses St Petersburg International Economic Forum. Russian president says Moscow will use its nuclear weapons to defend its sovereignty, Russia is taking its place in a new world order with no Western influence, he says. The Kremlin said a denial of service cyber attack had disabled the accreditation and admission systems, forcing him to delay his speech by an hour. Read More..

B2B Tech News | 2 years ago        

A special exchange system will be launched in Iran and Oman

According to Irans commerce minister, trade between Iran and Oman is predicted to reach $2 billion by the end of the current Iranian calendar year Mar

According to Irans commerce minister, trade between Iran and Oman is predicted to reach $2 billion by the end of the current Iranian calendar year March 20, 2023. Mohsen Zarabi made the remarks at the ICCIMAs annual general meeting on Wednesday. Alireza PeymanPak, the head of Irans Trade Promotion Organization TPO, and Qais bin Mohammed Al Yousef, the Omani Minister of Commerce, Industry, and Investment Promotion, have discussed the establishment of an Iranian trade center in Muscat. The two also agreed to develop a roadmap for expanding trade ties between their countries. Read More..

B2B Tech News | 2 years ago        

As Russias gas supply to Europe slows, Germany intensifies its conservation efforts.

Germany restarts coalfired power plants, giving companies concessions to control natural gas consumption. Russia cut gas supplies to Europe last week,

Germany restarts coalfired power plants, giving companies concessions to control natural gas consumption. Russia cut gas supplies to Europe last week, claiming technical problems caused by Western sanctions on Moscow for its attack on Ukraine. Germany imports about 35% of its gas from Russia, down from 55% before the war. Germanys energy minister, Thomas Habeck, has outlined plans to accelerate the decline of gas in the power mix and build up stores for the coming winter. In a Uturn, he said the government would empower utility companies to extend the use of coalfired power plants. This would ensure that Germany had an alternative source of energy but would further delay efforts to slash carbon emissions. Germany is aiming to have its gas storage facilities 90% by December, Germany’s energy minister proclaimed. Read More..

B2B Tech News | 2 years ago        

Air India is preparing for one of the largest aircraft deals in aviation history.

According to people familiar with the matter, Air India Ltd. is considering ordering as many as 300 narrowbody jets, which would be one of the largest

According to people familiar with the matter, Air India Ltd. is considering ordering as many as 300 narrowbody jets, which would be one of the largest orders in commercial aviation history, as the formerly staterun airline looks to overhaul its fleet under new ownership. According to people familiar with the situation, Air India could order up to 300 narrowbody jets. Airbus SEs A320 neo family of planes or Boeings 737 Max models are two options for the carrier. IndiGo is the worlds largest customer for the bestselling narrowbodies from the European manufacturer. Air India and Boeing did not respond to requests for comment. Tata Group, which owns Air India, is close to placing an order for Airbus A350 longrange planes. Tata expected to merge its aviation businesses, which include four airline brands, under one umbrella. Read More..

B2B Tech News | 2 years ago        

ShareChat Parent Raises $255M from Google, Times Group and Others Valuation climbs to $5 billion

Mohalla Tech has raised $255 million Rs 1,990 crore in a fresh round of funding from online search giant Google and the Times Group. ShareChat is now

Mohalla Tech has raised $255 million Rs 1,990 crore in a fresh round of funding from online search giant Google and the Times Group. ShareChat is now valued at $5 billion which is 35% higher than its previous round. In February this year, MX Takatak merged with ShareChats Moj to create one of the largest shortvideo platforms in the country. Read More..

B2B Tech News | 2 years ago        

Australias largescale hybrid project CSP battery PV revived after investor release

Aurora, the project in South Australia has been developed by 1414 Degrees 14D, a technology company that has developed and patented the molten silicon

Aurora, the project in South Australia has been developed by 1414 Degrees 14D, a technology company that has developed and patented the molten silicon thermal energy storage system that would be used at the site. The Australian company owned all rights to the site and development of the project. ASXlisted 14D has sold a 50% stake in its development subsidiary, Silicon Aurora, to Vast Solar. The company will turn to the site to develop its CSP project, which it says could generate electricity that can be transported in eight hours or more, leading to export opportunities and job creation technology. Read More..

B2B Tech News | 2 years ago        

Foreigners pay more for gas in Hungary. This is a danger to the EU war

But the moves are alienating businesses and threatening a standoff with the European Union. György Suranyi, an economist and former governor of the C

But the moves are alienating businesses and threatening a standoff with the European Union. György Suranyi, an economist and former governor of the Central Bank of Hungary, told The Associated Press. The fuel price cap has given Hungary one of the lowest fuel prices in the EU, leading to fuel tourism and increased demand resulting in late supply and shortages. Hungary also faces a growing budget deficit after spending billions on handouts ahead of the April election. Some industries, like fossil fuels and banks, are making higher profits than usual, Suranyi says. Businesses will have to bear a greater burden than normal because Hungarian families cannot afford the price. Read More..

B2B Tech News | 2 years ago        



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