A new facility in Malaysia takes a novel approach to creating the crucial material for electric vehicle batteries
Hello from Houston, and welcome back to Energy Source. A story plug to start: in this Big Read, Jamie and I take a deep dive into the boom in offshore drilling. Companies will spend more than $100bn plumbing the depths for oil this year — the highest level since 2016. I flew out to Shell’s new Vito platform in the Gulf of Mexico to see the deepwater renaissance firsthand. The industry says its new model for offshore drilling is cleaner, safer and more efficient.
Additionally, the US has imposed new rules to force manufacturers to stop sourcing from China in the coming years just as demand is expected to soar. That has turbocharged a scramble to produce graphite — used in the anode side of lithium-ion batteries — in other parts of the world. But creating new supply chains, almost from scratch, is not easy.
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