Entries tagged with “manufacturing-industry”
Articles
3 articles found for manufacturing-industry:
- India's Newly Discovered Lithium Reserves – A Boon for the Domestic EV Industry
India's domestic lithium battery manufacturing sector is in its infancy and mostly reliant on the imports of Li-ion cells, which are only assembled into lithium-ion batteries in India. In the next five to six years, demand for Li-ion batteries is anticipated to increase due to the government's goal of achieving widespread EV adoption by 2030. The recently discovered lithium reserve in J&K and Rajasthan is projected to reduce India's reliance on raw material imports and propel the domestic Li-ion battery manufacturing industry, which would ultimately have a beneficial impact on EV adoption.
- Decarbonization of Natural Gas at Pre-Combustion Stage
Decarbonization is becoming increasingly urgent because of the rise in global warming. Given the substantial utilization of natural gas by corporations in the US and Europe, this need has become notably more significant. Currently, the adoption of renewable energy sources stands out as the most relevant method for mitigating carbon emissions. However, limited availability of renewable energy supplies and declining levelized cost of energy (LCOE), has increased per unit cost of green energy, thereby compelling companies to sustain considerate consumption of natural gas. Companies can adopt other techniques for decarbonization, such as carbon capture storage/utilization (CCS/CCUS), as a feasible option to eliminate carbon dioxide content of natural gas. However, due to high costs associated with carbon capture and storage, evaluating certain other future ready techniques, such as methane processing, to decarbonize the balance usage of natural gas is necessary.
- Reshoring in US: Need for Locally Resilient Supply Chains
US companies are increasingly reshoring their operations from China in response to supply chain disruptions and global uncertainties. CEOs in the US are investing in emerging technologies to enhance productivity and gain a competitive edge. The reshoring movement aims to build locally resilient supply chains and mitigate future risks. By adopting reshoring, the US can strengthen its manufacturing sector, foster economic growth, and create sustainable jobs.