Latest news with #ToyotaTsusho
Zawya
03-07-2025
- Business
- Zawya
Egypt: Orascom- ENGIE-TTC-Eurus consortium begins full commercial operation of 650-MW Ras Ghareb wind farm
Arab Finance: The Red Sea Wind Energy consortium, comprising ENGIE, Orascom Construction, Toyota Tsusho Corporation, and Eurus Energy, has announced the full commercial operation of its 650-megawatt wind farm near Ras Ghareb, Egypt, four months ahead of schedule, as per an emailed press release. The final 150 MW phase was completed and commissioned in June 2025, following the early delivery of 306 MW in December 2024 and 194 MW in April 2025. The entire capacity is now connected to the national grid, making the Ras Ghareb project the largest operational wind farm in the Middle East and Africa. It is expected to power more than one million homes and reduce carbon emissions by approximately 1.5 million tons annually. The project was developed on a build-own-operate (BOO) basis over a 25-year period by the Red Sea Wind Energy S.A.E. consortium. ENGIE holds a 35% stake, Orascom Construction 25%, and Toyota Tsusho Corporation and Eurus Energy Holdings Corporation 20% each. Beyond its investment role, Orascom Construction executed all civil, electrical, and EPC works for the plant without any loss of life during construction. The new facility adds to the consortium's earlier 262.5 MW wind project completed in 2019, bringing its total operational wind capacity in Egypt to 912.5 MW. The group has also begun evaluating a new 900 MW wind farm on adjacent land. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
01-07-2025
- Business
- Zawya
Pensana Chief Executive Officer (CEO) to Headline African Mining Week (AMW), Amidst Rollout of Angola's Flagship Rare Earth Mine
Tim George, CEO of UK mining firm Pensana will participate at the upcoming African Mining Week (AMW) 2025 conference – Africa's premier gathering for mining stakeholders – as a speaker. George will contribute to a high-level panel discussion entitled Critical Minerals: Driving Renewable Development in Africa, highlighting the role of African energy transition metals such as lithium, cobalt, copper and rare earths in global decarbonization. African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@ George's participation at AMW follows several significant milestones for Pensana, including a June 2025 Memorandum of Understanding with Japanese conglomerate Toyota Tsusho Corporation for the offtake of 20,000 tons of ultra-clean Mixed Rare Earth Carbonate over five years. The company also has an existing offtake agreement with Japanese trading house Hanwa, further reinforcing Longonjo's global appeal. The project is expected to supply 5% of the world's magnet metal rare earths used in wind turbines and electric vehicles, producing 20,000 tons per annum during phase one and up to 40,000 tons annually during phase two. AMW presents an opportunity for George to meet potential buyers and strategic partners to advance Longonjo's impact on the global rare earths market. AMW will enable George to update market stakeholders on Longonjo's latest financing, engineering and construction developments. Pensana has successfully secured substantial financing for the Longonjo project: $2 million from M&G Investment Management in May 2025; a $25 million facility from Angola's Sovereign Wealth Fund; and a $268 million raise for phase one development, with support from institutions such as ABSA Bank and the Africa Finance Corporation. In May 2025, the company also began construction of the mine, with first production anticipated in late 2026. In April 2025, Pensana released an updated ore reserve and mine-life estimate, indicating Longonjo's potential to hold 22 million tons of rare earths in reserves. The mine's life is estimated at 20 years. Under theme, From extraction to Beneficiation: Unlocking Africa's Mineral Wealth, AMW will host George and key African mining stakeholders, policymakers and global partners to discuss and maximize prospects within Africa's mining value chain. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
20-06-2025
- Automotive
- Yahoo
LGES, Toyota Tsusho in US battery recycling JV
South Korean battery manufacturer LG Energy Solution Ltd (LGES) and Japan's Toyota Tsusho Corporation announced that they have agreed to establish a battery recycling joint venture in the US. The new company, to be called Green Metals Battery Innovations LLC, will focus mainly on recycling electric vehicle (EV) batteries. Under the agreement signed by LG Energy Solution Michigan and Toyota Tsusho America, the two partners will build and operate a pre-processing plant in Winston-Salem, in the US state of North Carolina. The facility, scheduled to go into operation in 2026, will carry out pre-processing operations to recover black mass containing raw metals such as nickel, cobalt, and lithium, by dismantling and shredding battery production scrap. The black mass will later undergo a separate post-processing stage to extract the valuable raw materials, thus establishing a 'battery-to-battery' closed-loop recycling system whereby the recycled materials are used to produce new batteries. The plant will rely initially on scrap materials generated by LGES in the production of EV batteries for Toyota Motor Corporation. The facility will have an annual processing capacity of 13,500 tons of scrap — equivalent to over 40,000 EV batteries. Chang Beom Kang, CSO of LGES, said in a statement: 'This joint venture will not only help secure a stable supply of key battery materials but also enhance the competitiveness of our recycling business in North America. We are fully committed to leading the recycling market through innovative and differentiated technologies.' Masaharu Katayama, COO of Toyota Tsusho, added: 'We are proud to partner with LGES to advance the battery recycling infrastructure in North America. This joint venture is a significant step toward realizing a circular economy for batteries, which is essential for building a sustainable mobility society.' "LGES, Toyota Tsusho in US battery recycling JV" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Business
- Yahoo
IonQ (NYSE:IONQ) Announces Quantum Breakthrough in Protein Folding and Computation
IonQ recently announced a significant achievement with Kipu Quantum, solving the most complex protein folding problem on a quantum computer. This breakthrough likely contributed to the company's impressive 87% share price gain last quarter. The successful partnership with AstraZeneca and others to accelerate drug development, and collaborations with Toyota Tsusho and KISTI, bolster its global presence. Additionally, positive earnings projections and leadership changes further supported market confidence. While the broader market saw a modest yearly gain, IonQ's advancements in quantum computing positioned it to significantly outperform industry trends during the quarter. We've identified 5 warning signs for IonQ (1 is significant) that you should be aware of. AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Looking at the broader picture, investors in IonQ have seen extraordinary returns over a three-year period, with the company's total shareholder returns climbing by over 694%. This performance towers above the US Tech industry's past year return of -9% and the general US market, which returned 9.9% over the same period. Such a return underscores the market's current enthusiasm for IonQ's innovative breakthroughs in quantum computing, particularly its solutions like the recent protein folding achievements which hold great promise for drug discovery applications. The company's recent advancements and strategic partnerships suggest strong potential for future revenue growth, projected at 41% per year. However, IonQ remains unprofitable, with its Q1 earnings reflecting a net loss of US$32.25 million, and forecasts indicating ongoing losses in the upcoming years. Analyst consensus places a fair value target at US$43, slightly above the current share price, indicating a restrained outlook relative to recent market exuberance. Nevertheless, IonQ maintains a strong trajectory in revenue growth, supported by their global expansion and successful collaborations with industry giants like AstraZeneca, which could bolster its future market position. Upon reviewing our latest valuation report, IonQ's share price might be too optimistic. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:IONQ. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
19-06-2025
- Business
- Yahoo
IonQ (NYSE:IONQ) Announces Quantum Breakthrough in Protein Folding and Computation
IonQ recently announced a significant achievement with Kipu Quantum, solving the most complex protein folding problem on a quantum computer. This breakthrough likely contributed to the company's impressive 87% share price gain last quarter. The successful partnership with AstraZeneca and others to accelerate drug development, and collaborations with Toyota Tsusho and KISTI, bolster its global presence. Additionally, positive earnings projections and leadership changes further supported market confidence. While the broader market saw a modest yearly gain, IonQ's advancements in quantum computing positioned it to significantly outperform industry trends during the quarter. We've identified 5 warning signs for IonQ (1 is significant) that you should be aware of. AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Looking at the broader picture, investors in IonQ have seen extraordinary returns over a three-year period, with the company's total shareholder returns climbing by over 694%. This performance towers above the US Tech industry's past year return of -9% and the general US market, which returned 9.9% over the same period. Such a return underscores the market's current enthusiasm for IonQ's innovative breakthroughs in quantum computing, particularly its solutions like the recent protein folding achievements which hold great promise for drug discovery applications. The company's recent advancements and strategic partnerships suggest strong potential for future revenue growth, projected at 41% per year. However, IonQ remains unprofitable, with its Q1 earnings reflecting a net loss of US$32.25 million, and forecasts indicating ongoing losses in the upcoming years. Analyst consensus places a fair value target at US$43, slightly above the current share price, indicating a restrained outlook relative to recent market exuberance. Nevertheless, IonQ maintains a strong trajectory in revenue growth, supported by their global expansion and successful collaborations with industry giants like AstraZeneca, which could bolster its future market position. Upon reviewing our latest valuation report, IonQ's share price might be too optimistic. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:IONQ. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
