Airbus confirms $9.2bn worth of aircraft orders
The announcement on...
The France-based Aeronautics company, Airbus SE, has confirmed $9.2bn worth of total orders from Asian carriers, Bloomberg reports.
The announcement on Monday (16 July) at the Farnborough Airshow, the largest trade exhibition of the year, has seen Asian carriers increase their fleets in order to meet the growing demand for air travel in the area.
A deal valued at $6bn has been agreed between StarLux Airlines, based in Taiwan, and Airbus with the Taiwanese startup confirming plans to purchase 12 A350-1000 aircrafts in addition to five smaller A350-900s.
It has also been announced that Shichuan Airlines will acquire 10 of the widebody planes with each A350-900 set to cost approximately $317.4mn which takes the total figure to $9.2bn.
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It is believed that the firm is preparing to sell $23bn worth of aircraft to the continent’s biggest budget carrier, AirAsia.
As predicted by the International Air Transport Association, Asia Pacific is anticipated to have 3.5bn passengers by 2036, double the projected figures for North America and Europe combined.
Airbus confirmed that with production struggling to keep up, reducing the backlog of 7,100 planes remains one of the greatest challenges.
This news follows last week’s announcement of a joint venture between the French company and US-based Boeing after the two firms revealed plans to combine the orders of 19 jets from Vistara.
Ultium Cells LLC/Li-Cycle: Sustainable Battery Manufacturing
Ultium Cells LLC - a joint venture between General Motors and LG Energy Solutions - has announced its latest collaboration with Li-Cycle. Joining forces the two have set ambitions to expand recycling in North America, recycling up to 100% of the scrap materials in battery cell manufacturing
What is Ultium Cells LLC?
Announcing their partnership in December 2019, General Motors (GM) and LG Energy Solutions established Ultium Cells LLC with a mission to “ensure excellence of Battery Cell Manufacturing through implementation of best practices from each company to contribute [to the] expansion of a Zero Emission propulsion on a global scale.”
Who is Li-Cycle?
Founded in 2016, Li-Cycle leverages innovative solutions to address emerging and urgent challenges around the world.
As the use of Lithium-ion rechargeable batteries in automotive, industrial energy storage, and consumer electronic applications rises, Li-Cycle believes that “the world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical and scarce battery-grade materials.”
Why are Ultium Cells LLC and Li-Cycle join forces?
By joining forces to expand the recycling of scrap materials in battery cell manufacturing in North America, the new recycling process will allow Ultium Cells LLC to recycle cobalt, nickel, lithium, graphite, copper, manganese and aluminum.
“95% of these materials can be used in the production of new batteries or for adjacent industries,” says GM, who explains that the new hydrometallurgical process emits 30% less greenhouse gases (GHGs) than traditional processes, minimising the environmental impact. Use of this process will begin later in the year (2021).
"Our combined efforts with Ultium Cells will be instrumental in redirecting battery manufacturing scrap from landfills and returning a substantial amount of valuable battery-grade materials back into the battery supply chain. This partnership is a critical step forward in advancing our proven lithium-ion resource recovery technology as a more sustainable alternative to mining, " said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.
"GM's zero-waste initiative aims to divert more than 90% of its manufacturing waste from landfills and incineration globally by 2025. Now, we're going to work closely with Ultium Cells and Li-Cycle to help the industry get even better use out of the materials,” added Ken Morris, Vice President of Electric and Autonomous Vehicles, GM.
Since 2013, GM has recycled or reused 100% of the battery packs it has received from customers, with most current GM EVs repaired with refurbished packs.
"We strive to make more with less waste and energy expended. This is a crucial step in improving the sustainability of our components and manufacturing processes,” concluded Thomas Gallagher, Chief Operating Officer, Ultium Cells LLC.