High capital requirement poses challenge for Indonesia’s battery industry: Expert

first_imgThe sizeable initial investment required to establish a lithium battery manufacturing facility is one of the primary challenges in developing the country’s battery industry, an expert has stated.Sebelas Maret State University (UNS) School of Engineering professor Muhammad Nizam on Aug. 21 said that while Indonesia had an abundance of nickel, the primary material for lithium batteries, the industry required a huge amount of investment to start producing batteries for electric vehicles (EV).“The million-dollar question is, who would put their money on that sector?” he said during a streamed webinar held by the National Research and Innovation Agency (BRIN). Industry Ministry director of maritime industry, transportation equipment and defense equipment, Putu Juli Ardika, previously also said the government was vying to attract investment in EV battery production facilities.“EV battery technology is Indonesia’s key to becoming the main player in the [global] EV sector. Therefore, we are pushing for more investment in the EV battery development sector,” he said on July 29, as quoted by kompas.com.The government announced last year the start of development of an approximately $3.2 billion car battery factory in Morowali, Central Sulawesi, backed by Chinese battery manufacturer Contemporary Amperex Technology (CATL), among others.Battery-maker PT International Chemical Industry, widely known for its ABC battery product, has also committed to pouring Rp 207.5 billion ($14 million) worth of investment to build lithium ion battery production facilities, commercial production of which is to commence by 2021, according to the Industry Ministry.The company aims to produce 25 million lithium ion cell batteries per year, equivalent to 256 megawatt-hours (MWh) of electricity.Besides its capital-intensive nature, the lack of standardization in the EV sector might also be a problem for the future mass use of lithium batteries, as each type of battery would require a different type of charger and treatment due to its electric current and power difference, Nizam of UNS added.“In the future, the main problem with charging stations would be the different types of batteries that EVs use. Each type of battery requires a different plug, capacity and other factors that need to be standardized,” he said.Despite the challenges, Nizam said Indonesia had a huge potential for EV battery demand in the future due to its population size, the growth of the global EV industry and the government’s support for low-emission vehicles.According to his calculation, if 10 percent of scooters and motorcycles in Indonesia were converted into electric scooters, the demand for electric power through batteries would reach 15 gigawatts, adding that electric scooters could become the primary choice for short-haul vehicles in the future.“Electric motorcycles and battery producers should aim to reach a range of 100 kilometers per charge for the motorcycle to reach its economic factor,” he said.Topics : As the world’s largest producer of nickel, Indonesia has been eyeing a more strategic position in the global supply chain for the development of lithium batteries and eventually, electric cars.President Joko “Jokowi” Widodo, in his state of the nation address on Aug. 14, reiterated the government’s commitment to develop the downstream industry, including for nickel ore, which is expected to be developed as the main material of lithium batteries. Indonesia applied a ban on the export of the commodity in January.“This will place Indonesia in an even more strategic position in the development of lithium batteries, as the world’s electric vehicle and future technology producer,” Jokowi said.Read also: Jokowi reaffirms Indonesia’s ‘massive downstreaming’ of natural resourceslast_img read more

King Nadal continues Paris reign with record-equaling 20th Slam

first_imgSpaniard Rafael Nadal inflicted one of the most humiliating defeats on great rival Novak Djokovic in the French Open final on Sunday, thrashing the world number one 6-0 6-2 7-5 to lift a record-equaling 20th Grand Slam men’s singles title.Tennis fans would have been salivating at the prospect of another epic clash in one of the sport’s greatest rivalries but it proved to be one of the most one-sided Grand Slam finals in the Open era under the closed roof of Court Philippe Chatrier.The roof, which made its debut at this year’s rescheduled Grand Slam, was closed just before the start of play, sending fans and pundits on social media into a frenzy on which player would benefit from the indoor conditions. Most thought it would favor the Serbian’s game against the 34-year-old Nadal, who was bidding for a 13th title on the red claycourts at Roland Garros.But Nadal adapted brilliantly as he has done all fortnight to the new brand of balls and the much colder and wet conditions at this year’s event which started in late September rather than its usual May-June slot due to the COVID-19 pandemic.”Of course, we were hoping for a great final and this is not going to go down as a great final. I am more surprised, I didn’t think Rafa was going to play this well,” Eurosport tennis expert and seven-times Grand Slam champion Mats Wilander said.The stakes were high for both players in their ninth meeting in a Grand Slam final – they were tied 4-4 previously – with the added incentive of lifting another major trophy in the battle to be considered the men’s “Greatest of all time”. Nadal has now tied Roger Federer’s haul of 20 majors with Djokovic, the last active player to beat the Spaniard at Roland Garros, three adrift.”To win here means everything. I don’t think today about the 20th and equal Roger on this great number, today is just a Roland Garros victory and that means everything to me,” the world number two said.”This love story I have with this city and this court is unforgettable.”The 39-year-old Federer, who has been recovering from knee surgery this year, congratulated his friend.”As my greatest rival over many years, I believe we have pushed each other to become better players,” Federer posted on Twitter, along with a photo of him with Nadal.”Therefore it is a true honor for me to congratulate him on his 20th Grand Slam victory.”Before the match Djokovic had said Roland Garros was Nadal’s home and the Spaniard did not once leave the door ajar for the Serbian to make a comeback into the match.Djokovic, 33, who had won five Grand Slam finals in a row since losing to Stan Wawrinka at the 2016 US Open, still leads Nadal 29-27 in career meetings but the scar of Sunday’s defeat will run deep.The drop shots on the slow claycourts served Djokovic well in earlier rounds and he used plenty of them in his opening game on Sunday but Nadal ran most of them down, blunting the Serbian’s weapon and gameplan.Djokovic struggled with his first serve and was unable to come up with a Plan B as Nadal continued to be the aggressor while making just two unforced errors in the opening set to hand his opponent a rare bagel in the opening set.Nadal showed exemplary athleticism and court coverage to get his racket to Djokovic’s crunching groundstrokes as the bewildered Serbian watched on, fast running out of ideas on how to win important points.In the second set there was no letup in intensity from Nadal, who continued to hit deep returns to keep his opponent pinned to the back of the baseline.Djokovic got on the board at the start of the second set after managing to save three breakpoints but Nadal maintained his iron grip by breaking the Serbian’s next two service games to take a 2-0 lead in the match.In a high-quality third set, Djokovic broke Nadal’s serve for the first time for 3-3 but dropped serve on a double fault in the 11th game before the left-hander went on to bag his 100th victory at Roland Garros with an ace.Topics :last_img read more

Gov. Wolf Thanks Pennsylvanians for Record Response to Recreational Marijuana Listening Tour and Feedback Form

first_imgGov. Wolf Thanks Pennsylvanians for Record Response to Recreational Marijuana Listening Tour and Feedback Form March 12, 2019 SHARE Email Facebook Twittercenter_img Press Release,  Recreational Marijuana Harrisburg, PA – Governor Tom Wolf today thanked Pennsylvanians for their overwhelming response to the lieutenant governor’s statewide tour and online feedback form to gauge interest in whether the state should consider legalizing adult-use recreational marijuana.To date, Lt. Gov. John Fetterman has held 18 recreational marijuana listening tours in 17 Pennsylvania counties with another 50-plus stops planned through June.“The response to the lieutenant governor’s listening tours has been tremendous, with people across the state making their voices heard,” Gov. Wolf said. “This is exactly the type of discussion I had hoped John would get – for, against, not sure. Everyone’s opinion is important and valued.“Thank you to everyone who has taken the time to attend an event or respond online. I appreciate your time and input, which are invaluable as we study this issue.”In addition to the thousands of people who have attended a listening tour session, more than 21,000 have responded to the online feedback form, offering their opinions on the topic.The governor’s correspondence office, which tracks the online form, noted that no other topic has received this level of response or interaction since the governor took office in 2015.“I want to thank the people of Pennsylvania for coming and participating in this important conversation we are having in the commonwealth,” Lt. Gov. Fetterman said. “The stops have been cordial, engaging, and thoughtful. I look forward to continuing this tour and hearing from everyone.”“I’m pleased that Pennsylvanians are taking the time to let us know their thoughts on the topic of legalizing adult-use marijuana,” Gov. Wolf said. “It’s my hope that this level of interaction becomes the norm on issues important to Pennsylvanians. It’s how we can best develop policy and programs – by listening to our everyone’s perspectives.”Lt. Gov. Fetterman’s listening tour continues with an event tonight in Montgomery County.See a list of scheduled events or access the online feedback form here.last_img read more

Gold Coast’s highest recorded sale for 2019

first_img It marked the highest sale on the Gold Coast this year. The daughter of a billionaire Hong Kong tycoon bought it.“The main thing about the house was the finishes, they are on another level,” she said.“They used the best materials available on the market.“The outdoor alfresco dining area has a pizza oven and wet bar – the buyer can entertain there all year round.” MORE NEWS: Finest homes for wine lovers on the market The mega-mansion at 37-39 Brittanic Cres, Sovereign Islands, sold for $11 million.MILLIONS of dollars has been splashed on luxury property across the Gold Coast this year but none compare to a palatial Sovereign Islands mega-mansion.The Brittanic Cres residence became the city’s highest recorded sale for the year when it was snapped up in September for $11 million.The whopping deal was inked before it had a chance to hit the market.Amir Prestige Property Agents’ Ivy Wu, who sold the property alongside agency head Amir Mian, said it was definitely worthy of holding the title. RELATED: Gold Coast mansion’s $11 million sale the highest recorded in 2019 MORE NEWS: The suburb that topped the country’s highest sales list The mansion was purchased by the daughter of a billionaire Hong Kong tycoon known as the “King of Toys”.Crystal Choi Ka-Yee went on a spending spree at Sovereign Islands this year, splashing an eye-watering total of $21.5 million on property. It’s lavish and over-the-top.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago The pool is one of its standout features.CoreLogic records show Ms Choi purchased 9 Brittanic Cres for $5.5 million in early August and two days later secured the keys to 4 King Charles Drive for $5 million.Less than two months later she splashed the $11 million on 37-39 Brittanic Cres. The six bedroom, eight bathroom house is the epitome of opulence with soaring ceilings, feature lighting and luxury detailed finishes throughout.A ‘Gold Lounge’ cinema room, wet bar and outdoor entertainment pavilion with pool are among its highlights.– with Mikaela Day Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:19Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:19 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe 6 best coastal homes that have sold01:19last_img read more

Great Lakes Dredge Announces Pricing of Senior Note Offering

first_imgGreat Lakes Dredge & Dock Corporation yesterday announced the pricing of its previously-announced offering of $325 million aggregate principal amount of senior notes due 2022.According to the release, the 2022 Notes were priced at par with a coupon rate of 8.000%. The 2022 Notes will mature on May 15, 2022. Each of GLDD’s existing and future wholly owned domestic subsidiaries that guarantee its senior secured revolving credit facility will guarantee the 2022 Notes.In the release, the company said that it intends to use the net proceeds from the debt offering to complete its previously-announced pending cash tender offer, subject to the terms and conditions described in the related tender offer documents dated May 12, 2017, to purchase any and all of the $275 million aggregate principal amount of the company’s outstanding 7.375% Senior Notes due 2019 (the “2019 Notes”), and to redeem any 2019 Notes that remain outstanding following the completion of the tender offer, including the payment of accrued and unpaid interest payable on the 2019 Notes purchased under these transactions and all related fees and expenses (together, the “Refinancing Transactions”).The company expects to use any remaining net proceeds from the debt offering after the completion of the Refinancing Transactions to reduce GLDD’s indebtedness under its senior secured revolving credit facility.The issuance of the 2022 Notes is expected to close on May 24, 2017, subject to customary closing conditions, but is not conditioned upon consummation of the tender offer.last_img read more

No new taxes, ministers’ pay cut in Grenada budget

first_imgNewsRegional No new taxes, ministers’ pay cut in Grenada budget by: – March 10, 2012 Sharing is caring! 41 Views   no discussions Share Tweetcenter_img Share Share Finance Minister Nazim BurkeST GEORGE’S, Grenada — Government ministers in Grenada will take a five percent cut in pay starting next month, Finance Minister Nazim Burke has announced.He made the announcement on Friday while presenting the country’s EC$1.023 billion 2012 national budget, which represents a 15.8 percent increase over last year’s.The five percent pay cut is less than $300 per month.Burke, in his two-hour-and-25 minute presentation, unveiled a series of “expenditure reduction measures.”They include the pay scale-back, and savings of $800,000 by reducing by 50 percent the allocation for international travel by government ministers and officials.“In a period of stagnant revenues and rising costs, government – like any household or business – must do its utmost to cut costs,” Burke said.The largest budget expenditure, $404.8 million, will be for debt repayment, including monies owed to the Exim Bank of Taiwan.This is followed by a $109.6 million allocation for the Ministry of Education and Human Resource Development; $73.4 million for Ministry of Finance; $65.6 million for Ministry of Health; and $58.6 for Ministry of Works.Burke said the economic downturn that peaked in 2008 has ended, but warned that Grenada is still facing an “economic storm.”He said data from the National Insurance Scheme suggests that “jobs have been preserved and increased.”Government is still deeply concerned about the high level of unemployment in the country,” whose population is now estimated at 103,000, Burke said.No new taxes were announced in the budget and Burke promised that no efforts will be spared in implementing job-creation initiatives, such as the Agriculture Feeder Road Project.As well, progress is being made in sourcing funding for a five-star resort in the south of the island, Burke told the packed parliament building.“Grenada is rising again,” he said.By Lincoln DepradineCaribbean News Nowlast_img read more

State Fair result links

first_imgStatewide —State 4-H showcase non-animal results are now live from the Indiana 4-H website. You can view them by clicking here.To view an exhibitor’s entry photo the user can hover their mouse over that line and click. Any entry that has allowed public viewing set to no will not appear on this public website.As a reminder and as stated in the original showcase information, ribbons will not be presented but will are recorded in FairEntry. Indiana State Fair is providing a rosette to sweepstakes winners and those will be mailed directly to exhibitors. With current health department restrictions, they will no longer be inviting sweepstakes winners to display their exhibit at the in-person event as previously announced. To view the State 4-H animal show cases, click here.last_img

Fulham keen on Sako – Jackett

first_img Sako was signed by Wolves last summer as they looked to build a team to take them straight back into the Barclays Premier League. But, following a dismal campaign, they were relegated to npower League One and Jackett has since been appointed as the man to stop the rot. Fulham appear to be closing in on the signing of Bakary Sako after Wolves manager Kenny Jackett admitted negotiations between the two clubs were ongoing. Now former France Under-21 international Sako, who impressed during tough times at Molineux last year, has expressed his desire to move to the Premier League and ex-Millwall boss Jackett confirmed to the Birmingham Mail that the Cottagers are the favourites to land the 25-year-old. “Fulham are genuinely interested in Sako and now it is about negotiations between the two clubs,” he said. “As far as I know no fee has been agreed yet, but they are in negotiations. I don’t know if it is close. The offer’s at a very high level, whether it is at a point where the powers that be at Wolves want to accept that or not is another matter. “He’s not one I thought would necessarily be with us in League One at the start.” center_img Press Associationlast_img read more

Sordell and Taylor join Clarets

first_imgBurnley have announced the double signing of striker Marvin Sordell from Bolton and former West Ham midfielder Matt Taylor. Press Association Sordell previously worked under Burnley boss Sean Dyche at Watford, the club with who he made his Football League debut. Taylor, 32, has put pen to paper on a two-year deal with the Clarets after the conclusion this summer of his West Ham contract. He is another ex-Bolton man and played for Portsmouth before that. Those arrivals are the second and third this week for Burnley after they announced on Wednesday that former Blackpool goalkeeper Matt Gilks had joined them. The other player to sign for them this summer has been Michael Kightly, who had been on loan from Stoke last term and has now made the move permanent. Burnley are preparing for their return to the Premier League after clinching promotion from the Sky Bet Championship at the end of 2013/14. center_img Sordell has made his switch for an undisclosed fee, the 23-year-old agreeing a deal that could keep him at Turf Moor until 2017. He spent last season on loan from Bolton at Charlton, for who he scored eight goals, and has been capped 14 times for England Under-21s. last_img read more

McIlroy keen on pre-Ryder Cup rest

first_img Victory in the Tour Championship would have seen McIlroy also win the overall FedEx Cup title and enjoy an amazing payday, but the world number one struggled to a closing 71 as playing partner Billy Horschel won both prizes instead. McIlroy and Horschel started the day tied for the lead but the Northern Irishman’s chances suffered a massive blow when he found water on the sixth to double bogey, while he also dropped shots on the ninth, 10th and 11th. Rory McIlroy admitted he was looking forward to seeing the back of his golf clubs for a few days after failing to land a £7million jackpot in Atlanta. “I was making bad swings at the wrong time and getting punished for them,” McIlroy told Sky Sports 4. “When Billy was making bogey on 10 I thought I had a decent chance and then I three-putt there for the second day in a row and I felt like any chance I had to win the golf tournament went.” Asked about his season overall, McIlroy added: “To win two majors, my first WGC event and give it a real good run in these FedEx events, I’m really proud of myself the way I hung in there and dug deep the last few weeks. When I look back on the year as a whole it’s been my best year to date so I can’t complain.” The Ryder Cup at Gleneagles from September 26-28 now looms large and McIlroy added: “I’m excited about it. I’m excited to take a few days off to be honest and then I will gear up for the Ryder Cup. “Right now I just want to get a bit of rest and not see my golf clubs for a few days. I want to be itching to get back on the range at the end of the week.” Horschel will not be in the United States’ team at Gleneagles as his brilliant run of form came after Tom Watson had chosen his three wild cards, the 27-year-old missing the cut in the first play-off event but then finishing runner-up in the Deutsche Bank Championship and winning the BMW Championship. “It’s unbelievable,” said Horschel, whose closing 68 gave him a three-shot win over McIlroy and Jim Furyk, who was tied for the lead with three holes remaining but bogeyed the 17th and 18th after Horschel reclaimed the lead with a birdie on the 15th. “I remember flying home (after The Barclays) and talking to my wife. She said you’re probably just waiting until the season is over because it hasn’t been a great year and I sort of was, but at the same time I knew my game was in the right shape and I just needed to get out of my own way, allow my golf game to show and it has showed the last three weeks.” center_img Press Associationlast_img read more