[Sino-French companies plan joint venture to build a new battery factory]On May 12, 2023, French President Emmanuel Macron stated that China Xiamen Xiamen Tungsten New Energy Materials Co., Ltd. plans to establish a battery field laboratory with the French company Orano in Dunkirk, a port city in northern France. Joint venture with an expected investment of 1.5 billion euros and the creation of 1,700 jobs. Macron pointed out that Xiamen Tungsten New Energy's joint venture with Orano is complementary to ProLogium's factory because it will be upstream in the production of batteries for electric vehicles. Edit/Ma Xue
The Saudi Ports Authority Mawani has opened up investment in the development and operation of the Jeddah Humla Integrated Logistics Zone, which covers an area of 2.4 million square meters and is adjacent to Jeddah Islamic Port, radiating to the European, African, and Middle Eastern markets. This investment promotion aims to supplement the supporting facilities in the port area. Investors can submit their intentions online, but the details of the land parcel have not been announced yet. Editor/Min Jing
Zakubov, Chairman of Kazakhstan's Samrukh Kazenana Sovereign Wealth Fund, and Zhou Huaixin, General Manager of CNPC, held talks in Astana to promote oil and gas projects such as Kashagan and Mangistau in the northern Caspian Sea. Kashagan exceeded its target of producing 12.8 million tons of oil in the first nine months of the year and will expand cooperation to renewable energy. They plan to implement a joint technology implementation plan from 2027 to 2030. Editor/Min Jing