German chemical giant BASF Group said it will build a battery materials plant in Finland that could supply up to 300,000 electric cars a year, in the latest sign of Europe’s efforts to build a battery supply chain to compete with Asia. BASF said the plant will be next to a nickel and cobalt refinery owned by Russia’s Norilsk Nickel, one of the largest producers of nickel in the world. That will guarantee access to supplies of the metals needed for batteries. The European Union has promised billions of euros to companies willing to build giant battery factories, in an effort to compete with companies in Asia that dominate production. Batteries can account for over 40 per cent of the cost of an electric car.
FT 22nd Oct 2018 read more »
New fuels and accompanying hikes in ticket prices will be essential to clean up air travel and avoid the worst effects of climate change, according to a new report. Aviation is responsible for 5 per cent of global warming, and it is on track to power through a quarter of the planet’s annual carbon budget by 2050. Despite some fledgling efforts to develop electric aircraft for short-haul flights, air travel is proving one of the most difficult sectors to decarbonise. In its analysis, European green transport group Transport and Environment (T&E) found that re placing fossil fuels in planes with “electrofuels” is the “only technically viable solution that would allow aviation to exist in a world that avoids catastrophic climate change”. This will present a challenge to consumers as well as the industry, as the expense of these fuels means the cost of a plane ticket is projected to rise 58 per cent if they replace kerosene in all aircraft.
Independent 22nd Oct 2018 read more »