On January 15, 2025, Turkey's largest energy storage deal was signed between Polat Energy and Rolls Royce, marking a significant advancement in the country's energy infrastructure. This agreement aims to enhance energy reliability and sustainability in Turkey.
In related developments, a joint venture between Shell and CNOOC has announced plans to expand a petrochemical complex in South China. This expansion is expected to bolster the region's petrochemical production capabilities and support economic growth.
Additionally, the largest IKEA retailer has committed to investing $1 billion in recycling firms, highlighting a growing trend towards sustainable practices in the retail sector. This investment aims to improve recycling processes and promote circular economy initiatives.