NRG Matters: China’s EVs exports more than double; Toyota partners with Tesla to recycle batteries
RIYADH: On a macro level, China’s electric car exports have more than doubled during May, as pandemic lockdowns are gradually easing.
Zooming in, ACWA Power has signed an agreement to restructure the Shuaibah 3 Independent Water and Power Project that will produce 600,000 cubic meters of water per day.
Looking at the bigger picture:
• China is expected to stay at top in global liquefied natural gas regasification capacity additions, with 26 percent of the additions between 2022 and 2026, according to forecasts by GlobalData.
The latest report by the data and analytics company expects that China will add a new build LNG liquefaction capacity of 3,805 billion cubic feet by 2026.
• China’s electric car exports have more than doubled during May, as pandemic lockdowns are gradually ending, Bloomberg reported.
Car manufacturers in the Asian country have shipped electric passenger vehicles, valued at $1.2 billion, which is up 122 percent compared to the previous year.
Through a micro lens:
• Saudi ACWA Power has signed an agreement with Saudi Water Partnership Co. and Shuaibah Water Electricity Co. to restructure the Shuaibah 3 Independent Water and Power Project.
The project will be converted from an energy-intensive power generation and thermal desalination facility to a greenfield seawater reverse osmosis desalination plant, Trade Arabia…