Industry Trends

May 2021

See what has been happening in Asia’s petrochemicals, agrochemicals, automotive, bio energy, and mining industries over the last weeks. What are experts and industry magazines talking about?

What has been happening?

World’s electric vehicle fleet, Commodities of the future, Mining industry risk aversion, and more. See what journals and industry experts have been discussing in the last four weeks.

Latest Industry Articles

World’s electric vehicle fleet to reach 145 million by 2030

The global auto industry had a punishing year in 2020 due to pandemic lockdowns, but the electric car market bucked the wider trend with growth of over 40% and is on track for a decade of strong expansion, according to a new report published recently by the International Energy Agency (IEA).
Commodities of the future: Blue, green hydrogen key to the energy transition

While fossil fuel-based hydrogen (grey hydrogen) as a fuel is not new, blue hydrogen (natural gas-based) and green hydrogen (renewables-based) are entering commercialisation and are only just becoming established in energy commodity markets, market analyst Fitch Solutions notes in its latest industry report on the commodities of the future.
Mining industry risk aversion could slow the pace of energy transition

As medieval philosopher Maimonides said, “the risk of a wrong decision is preferable to the terror of indecision”. Energy research and consultancy firm Wood Mackenzie, in its latest report, argues that it appears the mining industry disagrees and is erring on the side of indecision. At an industry level, WoodMac author Julian Kettle writes, there seems to be a reticence around investing sufficient capital to develop future supply at the pace and scale demanded by the energy transition.
Mitsubishi to trim local car output amid chip shortage

Mitsubishi Motors will reduce production by 30,000 vehicles in total in June at five plants in Thailand, Japan and Indonesia, a spokeswoman said, as a global semiconductor shortage continues to trouble the automotive industry.
Neste chooses Emerson to digitally transport Singapore refinery expansion
Biofuels Digest

In Missouri, Emerson has been selected to support Neste’s digital transformation of its expanded refinery in Tuas, Singapore. Emerson’s automation systems and software will help Neste deliver high-performance, efficient operations, supporting Neste’s plans to increase production by up to 1.3 million tons per annum by 2023.
Indonesian exports surge in April on high commodity prices
Channel NewsAsia

Indonesia’s exports racked up their strongest rise in 11 years in April, boosted by surging prices of key commodities such as palm oil and coal, data from the statistics bureau showed on recently as they beat analysts’ expectations.
Indonesia's Pertamina expects investments to reach US$92 billion by 2024
Channel NewsAsia

Indonesia’s state oil company PT Pertamina expects to invest US$92 billion in the period from last year to 2024, its chief executive said, as the country seeks to rely less on energy imports and rein in its current account deficit.
Malaysia's Sime Darby Plantation Q1 profit rises, expects palm prices to ease
Channel NewsAsia

Malaysia’s Sime Darby Plantation reported a higher first-quarter net profit due to improved production of palm fruit bunches and better palm oil prices, although it expects prices to ease in the second half of 2021.
Vietnam scrambles to keep COVID-19 from disrupting industry supply chains
Channel NewsAsia

HANOI: Vietnam’s government has urged two provinces that are home to production facilities of companies such as Samsung Electronics and Foxconn to boost efforts to prevent a COVID-19 outbreak disrupting industrial production. Deputy Prime Minister Vu Duc Dam told leaders of Bac Giang and Bac Ninh …
BASF gains access to Chinese CAM market

BASF and Shanshan, a leading lithium-ion battery materials supplier serving both the e-mobility and the consumer electronics (CE) market, have agreed to form a BASF majority-owned joint venture (BASF: 51%; Shanshan: 49%) to produce cathode active materials (CAM) and precursors (PCAM) in China.
CATL beats LG, Panasonic in battery capacity deployment in Q1 2021

A new report by Adamas Intelligence reveals that Contemporary Amperex Technology (CATL) deployed 13.3 GWh of battery capacity onto roads in newly sold passenger EVs globally, a figure that is 12% more than the 11.9 GWh deployed by its closest competitor, LG Energy Solution.
China EV makers’ targeting Western markets has ‘tremendous implications” for metal mix

China, the country leading global sales of new energy vehicles (NEVs), not only will maintain its market position accounting for half of all expected global NEV during the next decade, but it may also do a grand entrance into western markets.

Malaysia ready to offer handsome tax incentives for Evs

NST Online

Malaysia is ready to offer a handsome tax incentive to accelerate the electric vehicle (EV) development in the country in its soon-to-be announced accelerated EV policy under the National Automotive Policy (NAP) 2020.

Chinese Refiners to Boost Oil Imports and Run Rates

China is set to extend its dominance in the global oil market.

Volkswagen China Building Third BEV Plant


Construction at Volkswagen Anhui, on the site of a former JAC plant, includes brownfield repurposing and increased capacity from the establishment of a new body shop area.

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