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First Synthetic Fuel Neutral CO2 Starts in Chile
Fabio Ferraresi Construction of the first world carbon-neutral synthetic fuel plant was started in Chile, in December 2022. With a US$55 million investment in the project, Siemens Energy, HIF Global and Porsche will produce Methanol and Gasoline using water, wind and CO2. The plant has a planned capacity of 550 million liters in 2027.
The Haru Oni plant is Installed in the Magallanes, Chilean Patagonia region. It is known for the vast potential for its hydrogen market, with winds of more than 6,000…
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Brazil Moves Forward on Truck Fleet Renewal Program
BRAZIL/SOUTH AMERICA REPORT
In December 2022, the Brazilian Government published regulations for the Fleet Renewal Program authorized by the law that was published in H1 2022. Under this regulation, truck owners may receive the old truck market value from companies in the Oil and Gas exploration chain, provided that they prove the truck was taken out of circulation, disassembly and recycled. The program is voluntary, both for owners selling the old truck and for O&G companies designating…
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John Deere Plans Construction Equipment Plant
Fabio Ferraresi John Deere has just announced an investment of US$ 35 million (R$ 190 million) in the production facilities for its Construction Division, two manufacturing units located in Indaiatuba, in the interior of São Paulo. The goal is to expand capacity to meet the growing demand for machines and to implement its Smart Connected Factory program, or Industry 4.0, which encompasses technologies to increase efficiency, quality in processes and reduce operating costs.
Source: Investe São Paulo …
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BorgWarner To Produce Vehicle Batteries in Brazil
BorgWarner said it will start producing battery systems for electric vehicles in Piracicaba-SP, Brazil, by Q1 2023 with declared annual capacity of 1,000 electric units.
The plant in Piracicaba formerly belonged to Delphi and was acquired by BorgWarner in 2020. The plant will receive a production line from Akasol, another company acquired by BorgWarner.
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Royal Enfield Starts Assembly Plant in Brazil
BRAZIL/SOUTH AMERICA REPORT
Royal Enfield has started its first assembly line in South America to produce motorcycles. The plant is located in Manaus-AM, Brazil and is the fourth in the world to operate under the CKD system.
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Randon Acquires US Trailer Maker Hercules
Randon, an Brazil-based OEM, has agreed to invest $40 million to acquire the US-based trailer manufacturer Hercules. Randon’s purchase agreement for Hercules is expected to be finalized within 120 days. Randon Implementos is the largest semi-trailer manufacturer in Latin America. The company maintains a manufacturing park in Argentina and works with partners to assemble semi-trailers at several points in Central America and Africa. It is the main Brazilian exporter in the segment, with a historical market share of 60% in exports.
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São Paulo Partners with ENEL To Replace Diesel Buses
Fabio Ferraresi The City of São Paulo has announced a partnership with Enel, an energy supplier, for its bus fleet electrification project to be completed by 2024. Under the agreement, the city will get funding for the project of R $ 8 billion. The plan calls for the replacement of the fleet of combustion buses with non-polluting models.
According to the city, Enel is one of the main stakeholders in the project and should assist companies in logistics, infrastructure and the feasibility of electric vehicles based on their experience in Latin America.
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Foton Aumark Shuts Down Operations in Brazil
Ten years after starting operations in Brazil with the import of Trucks and plans to have a local plant, Foton Aumark do Brasil (FAB) is preparing to go to court against the Chinese brand, claiming breach of contract. The company was created by economist Luiz Carlos Mendonça de Barros, former president of BNDES and former director of the Central Bank.
Source: Automotive Business Read The Article
PSR Analysis: The volumes of Foton were always very small and the situation will…
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Record Sales of Agricultural Machines in Brazil
BRAZIL/SOUTH AMERICA REPORT
Fabio Ferraresi Friday Oct. 7 Anfavea published the number of 42,800 units of Agricultural machines sold from January to August 2022, 23.6% above same period of 2022.
Source: Automotive Business Read The Article
PSR Analysis: Record harvest and high commodities prices enable farmers to invest in Agricultural Machines. This situation supports and sustains our production forecast for the year. PSR
By Fabio Ferraresi, Director Business Development…
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Scania, VW and Volvo Show Euro VI Lineup
Three OEMs have announced new fuel efficient products.
Scania has announced an 8% fuel consumption improvement with Super 13 liters engines and promises 50% maintenance stops reduction. Volvo has announced a new Euro VI line with Volvo Engine produced in Brazil, replacing MWM on the VM platform. VW fuel consumption improvement is in the 5% range and the company reports 4,000 units Euro VI sold in 2022 already.
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