Vopak lifts 2025 outlook after strong half-year performance
Royal Vopak has raised its full-year 2025 outlook following a strong first-half performance, underpinned by the resilience of its global terminal network and continued progress across key growth and energy transition initiatives. The Dutch storage
Motul, KTM Singapore sign MoU to deepen partnership
Motul Asia Pacific and KTM Singapore have entered into a memorandum of understanding (MoU) to strengthen their strategic partnership in the high-performance motorcycle market, marking a new phase of collaboration between the
EPA moves to scrap EV mandate rule in major climate reversal
The U.S. Environmental Protection Agency (EPA) has proposed to overturn the 2009 Endangerment Finding—an Obama-era regulation that serves as the legal cornerstone for federal greenhouse gas (GHG) standards and mandates promoting electric vehicle (EV) adoption. The EPA claims that the
SK Innovation merges battery and lubricants units in push for electrification growth
SK Innovation has unveiled a sweeping business and financial restructuring plan aimed at positioning itself as a top-tier total energy company in the electrification era. The South Korean energy conglomerate will merge its electric vehicle (EV) battery unit, SK On,
Tata Motors confirms acquisition of Iveco Group
Tata Motors has confirmed it will acquire Iveco Group, marking a major shake-up in the global commercial vehicle industry. The Indian automotive giant will launch an all-cash voluntary tender offer worth EUR 3.8 billion (USD 4.1 billion) for Iveco’s common
Lubrizol white paper charts roadmap of China’s automotive lubricants industry
Lubrizol has released a new white paper titled Envisioning Sustainable Growth for China’s Automotive Lubricants Industry, outlining a strategic roadmap for navigating the country’s rapidly evolving mobility
Xpeng begins X9 electric MPV assembly in Indonesia
Chinese electric vehicle (EV) manufacturer Xpeng has launched local assembly operations in Indonesia, producing its X9 multi-purpose vehicle (MPV) using completely
Petrolimex, Keppel partner on Vietnam sustainable aviation fuel
Vietnam National Petroleum Group (Petrolimex) and Singapore-based Keppel Infrastructure Holdings have signed a memorandum of understanding (MoU) to jointly explore the development and supply of
IRENA: 91% of new renewables now cheaper than fossil fuels
A new report from the International Renewable Energy Agency (IRENA) reveals that 91% of newly commissioned renewable electricity projects in 2024 outcompeted fossil fuel alternatives on cost. The agency
Vietnam to roll out E10 biofuel trial in three cities from August 1
Vietnam will begin retailing E10 biofuel in Hanoi, Ho Chi Minh City (HCMC), and Hai Phong starting 1 August, in a key step towards its national clean fuel transition. Petrolimex and PV Oil, the country’s largest fuel distributors, will roll