Toyo Seat, Choshu Industry, The Chugoku Electric Power, and Mazda Motor Corporation have reached an offsite corporate power purchase agreement (PPA)*1 on solar power generation, a renewable source of energy, to support the transition towards a carbon neutral society. Under the PPA, Choshu Industry will serve as the electric power producer, with Choshu Industry and Mazda installing new solar power generation facilities on unused land in the Chugoku Region, using those facilities to generate electricity, which will then be sold to Chugoku Electric Power. Chugoku Electric Power will then supply this electricity to Toyo Seat and Mazda as a source of renewable energy.*2
“Mazda began using renewable energy on site in July 2021 with the installation of solar panels on the roof of our plant. To become carbon neutral throughout our supply chain by 2050 and at out plants throughout the world by 2035, it is essential for us to work together with various stakeholders to promote the wider adoption of offsite corporate PPA, and we believe that this project will serve as a valuable first step towards the wider use of renewable energy sources within the Chugoku Region,” said Hironaka Taketo, Executive Officer, in charge of Production Engineering, Business Logistics, Carbon Neutrality and Cost Innovation, Mazda Motor Corporation.
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Ford Collaborates with Chinese Huayou on EV Battery Nickel
PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. today announced an agreement with Ford Motor (NYSE:F) starting a three-party collaboration to advance nickel production in Indonesia, possibly making electric vehicle batteries more affordable. All three companies are putting equity investments in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project through an agreement celebrated today at a ceremony with Indonesia President Joko Widodo.
The Pomalaa Block HPAL Project will process ore provided by PT Vale Indonesia from its Pomalaa Block mine to produce mixed hydroxide precipitate – MHP. This HPAL plant will operate under PT Kolaka Nickel Indonesia in the Pomalaa Block nickel industrial area in Kolaka, Southwest Sulawesi, Indonesia. Subject to regulatory approval, it could produce up to 120 kilotons per year of contained nickel in MHP, a lower-cost nickel product used in EV batteries with nickel-rich cathodes. Continue reading →