Dikeye Corporation to Invest in High-Efficiency Photovoltaic Conductive Silver Paste Production Project in Sichuan Province

[SMM Hydrogen Energy News Brief: China's First Million-Cubic-Meter-Level Salt Cavern Hydrogen Storage Demonstration Project Put into Operation in Henan] On April 25, China's first million-cubic-meter-level salt cavern hydrogen storage demonstration project, led by the Wuhan Institute of Rock and Soil Mechanics under the Chinese Academy of Sciences, was officially put into operation in Pingdingshan City, Henan Province. This project marked China's first hydrogen storage facility built in bedded salt rock formations, identifying the multi-scale migration patterns of hydrogen in ultra-low-permeability rock salt, overcoming the core technology of precise site and layer selection for salt cavern hydrogen storage, and effectively verifying the long-term sealing performance and engineering application feasibility of hydrogen storage in bedded salt rock.

According to the Dalong Development Zone News and Information Center, during the Labour Day holiday, construction sites of major key projects in Dalong Development Zone, Guizhou were bustling with activity and operating at full capacity. At the project site of Guizhou Depu New Materials Technology Co., Ltd.'s 20,000 mt/year lithium-ion anode material project, nearly 60 workers remained at their posts, pushing forward with all construction tasks at full speed. "Currently, the main structures of two factory buildings have been completed. Workshop No. 3 is undergoing accelerated installation of 10 sets of roller mills, 45 sets of reactors, and other core equipment. Workshop No. 4 has completed the installation of roof panels and wall panels, and internal site leveling work is underway. The comprehensive building and the 110KV substation are also under simultaneous construction, with subsequent work to advance the improvement of fire protection facilities and hardening of the factory area roads," said Liu Shaofeng, the company's administrative supervisor. He noted that during the Labour Day holiday, workers strictly controlled project quality and safety, striving to achieve phased trial production by the end of June.

Sandile Zungu, a South African businessman, is leading an investment consortium together with his firm Zungu Investments and former Glencore nickel trading executive Jason Kluk to acquire a 54.17% controlling stake held by Sumitomo Corporation in the Ambatovy nickel-cobalt project in Madagascar. Sumitomo has decided to exit the project after incurring cumulative losses of approximately $3 billion over the past 20 years and expects to record a one-off loss of about $445 million from the transaction, while retaining certain offtake rights. Sumitomo stated that it is confident the new shareholder structure, formed by Essenwood Partners and Zungu Investments, has the necessary technical and commercial expertise to operate the large-scale nickel-cobalt project profitably.