South Korea’s Solus to build copper foil facility in Quebec

A subsidiary of South Korea’s Solus Advanced Materials is set to construct a copper foil facility in Quebec, Canada, which will produce essential technology for electric vehicle (EV) batteries. The project, called Volta Energy Solutions, is valued at CAD 700 million (approximately $514.37 million) and is expected to reach full production capacity by 2026.

Copper foil is a critical component used as an anode collector in the manufacturing of lithium-ion batteries for EVs. Canada, with its rich mining sector specializing in minerals like lithium, nickel, and cobalt, aims to attract companies operating in various segments of the EV supply chain. This initiative aligns with global efforts to reduce carbon emissions.

The Volta plant in Granby, Quebec, is anticipated to provide employment for 260 individuals and contribute to the province’s ambition to establish itself as an EV supply chain hub, particularly in the nearby town of Becancour. The Canadian federal government and the Quebec provincial government are both collaborating with Volta on this project, although specific investment details were not immediately disclosed.

This move comes shortly after a consortium comprising Ford and South Korean firms announced plans to build a CAD 1.2 billion plant for the production of EV battery materials in Becancour.

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Europe recalibrates COP strategy after Brazil setback

The European Union is recalibrating its strategy for this year’s United Nations climate summit, aiming for fewer and clearer goals supported by advance coalition-building, in an effort to avoid repeating the bruising experience of last year’s talks where the bloc struggled to advance its agenda despite its climate ambitions.

An internal document prepared by the incoming Irish presidency, which will lead the EU’s approach to COP31 in Turkey in November, calls for a negotiating mandate that is shorter, sharper, and more strategic than in previous years, capturing the recognition that the bloc’s traditional approach has failed to deliver results commensurate with its ambitions.

Malaysia’s Petronas marks milestone with first Canadian LNG cargo to Japan

Malaysia’s state-owned energy giant Petronas announced on Monday that it had dispatched its first cargo of liquefied natural gas (LNG) from its new terminal in Kitimat, British Columbia — a development that underscores both the diversification of Malaysia’s LNG supply sources and Canada’s rising profile as a global LNG player.

The inaugural shipment, loaded aboard the 174,000-cubic metre LNG carrier Puteri Sejinjang, is destined for Japan, bolstering long-term supply commitments to one of Asia’s most gas-hungry markets. Petronas did not disclose the exact volume or value of this initial delivery.

Kenya unveils hydrogen strategy backed by EU’s global gateway initiative

Kenya has announced a green hydrogen roadmap aimed at enhancing food security and reducing its dependence on imported fertilizers. The plan, unveiled by the Kenyan energy ministry, outlines targets and actions to be taken until 2032. In the initial phase, Kenya intends to have the first commercial-scale green hydrogen projects operational by 2027, accompanied by 100 MW of installed electrolyser capacity. This capacity could enable the production of 100,000 tons of nitrogen fertilizers annually, replacing approximately 20% of Kenya’s current fertilizer imports.

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