EnergyManufacturingTechnology

Aclara to Establish $277 Million Rare Earth Processing Hub in Louisiana for Clean Energy Supply Chain

Aclara Resources is building a $277 million heavy rare earth separation facility at the Port of Vinton, Louisiana. The project aims to create a Western Hemisphere supply chain for materials essential to electric vehicles and renewable energy technologies, with production expected by mid-2028.

Major Investment in Critical Minerals Infrastructure

Aclara Resources Inc. is making a substantial $277 million investment to establish a heavy rare earth separation facility at the Port of Vinton, Louisiana, according to company announcements. The project represents a significant step in building Western Hemisphere capacity for minerals essential to clean energy and advanced technology applications.

BusinessEnergyTechnology

South Africa’s Eskom Accelerates Grid Modernization to Eliminate Power Reductions by 2027

South Africa’s state-owned utility Eskom is intensifying efforts to eliminate load reduction by 2027 as grid stability improves. The comprehensive strategy includes expanding free basic electricity, accelerating smart meter installations, and deploying distributed energy resources across high-risk areas.

Eskom’s Comprehensive Strategy to End Load Reduction

South Africa’s state-owned power utility Eskom is reportedly bolstering efforts to eliminate load reduction entirely by 2027, according to recent announcements. The utility’s Load Reduction Elimination Strategy, launched by Electricity and Energy Minister Dr Kgosientsho Ramokgopa on September 25, establishes a detailed roadmap to strengthen the country’s distribution network and address electricity challenges in high-risk areas.

EnergyInnovationTechnology

Meta Invests in Clean Iron Startup Electra Through Environmental Credit Purchase

Meta has reportedly agreed to purchase environmental credits from clean iron startup Electra, marking another major tech investment in green steel alternatives. The agreement comes alongside Electra’s announcements of partnerships with steel buyers Nucor and Toyota Tsusho and plans for its first commercial demonstration facility in Colorado.

Tech Giant Backs Clean Iron Innovation

Meta Platforms has reportedly agreed to purchase environmental attribute certificates from clean iron startup Electra, according to recent announcements. Sources indicate this move represents the latest in a series of tech industry investments aimed at supporting low-carbon steel production alternatives.

BusinessEnergyTechnology

Indonesian Billionaire’s Chandra Asri Acquires ExxonMobil’s Singapore Fuel Station Network

Indonesian energy giant Chandra Asri Pacific is expanding its Southeast Asian footprint through the acquisition of ExxonMobil’s Esso-branded fuel stations in Singapore. The deal represents a strategic move to create an integrated energy platform in the region. Completion is expected by end-2025 pending regulatory approvals.

Major Expansion in Singapore’s Fuel Retail Market

Indonesian energy conglomerate Chandra Asri Pacific, controlled by billionaire Prajogo Pangestu, has agreed to acquire ExxonMobil’s Esso-branded fuel service stations in Singapore, according to company statements. This strategic move significantly expands the company’s presence in the city-state where it already operates substantial refining and petrochemical infrastructure.