Issue 44🌎

August 23, 2024

Within Our Network

Congratulations to CMM on this groundbreaking achievement with Wärtsilä. Developing the first ethanol-powered PSVs is a significant step toward a more sustainable maritime industry. Well done!

LATAM Highlights

Brazil

Musk's X to exit Brazil amid supreme court clash (Financial Times)

Colombia

Colombian union urges hydrocarbon exploration for Ecopetrol’s future (América Economía)

Argentina

MSCI reclassification could bring Argentina US$1 billion in investments (América Economía)

Chile

Chile tops Latin American lithium exports as global prices decline (América Economía)

Panama

Panama starts US-backed deportation flights to deter migrants (Reuters)

Ecuador

Ecuador declares electricity sector emergency, plans to contract 750 MW for US$ 1 billion (América Economía)

Venezuela

Venezuela’s supreme court confirms Maduro’s disputed election win (Financial Times)

Bolivia

Bolivia shifts focus to biodiesel production (Merco Press)

Notable Transactions

Australian lithium miner Pilbara Minerals will buy rival Latin Resources in a $370M all-stock deal

Chile's Empresas Copec will acquire Spanish oil company Cepsa's LNG unit Gasib in Spain and Portugal for $302M.

PE firm Quantum Capital will acquire certain Caerus Oil and Gas assets including debt for ~$1.8B

Essential Read

McKinsey outlines 25 key challenges in the energy transition, including deploying new technologies and managing renewable power systems. Effective solutions require innovation and systemic approaches to meet global climate goals

Podcast Spotlight

This week’s Catalyst podcast examines why nuclear power costs vary globally, comparing high U.S. costs with lower costs in South Korea. The discussion covers factors influencing these costs and potential solutions.

Stat of the Week

This Visual Capitalist graphic ranks countries by nuclear power capacity, highlighting global leaders and upcoming developments in the sector. 

Our LinkedIn Updates and Posts

• Explore whether Latin America could become a future clean hydrogen exporter by overcoming key challenges. Read more here.

• Discover nuclear energy’s emerging role in meeting soaring energy demand driven by AI. Learn more here.

• Learn about six key areas that could accelerate Latin America's hydrogen economy. Read the full report here.

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  Meme of the Week