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The African Development Bank will finance $25 billion by 2025 to support Africa's fight against climate change, the bank's president said at the bank's annual meeting in Accra, Ghana.
He noted that climate change has had many negative impacts on the continent, causing natural disasters such as droughts, cyclones, and floods. Climate change costs Africa between $7 billion and $15 billion a year. "Africa has no choice but to address climate change."
To ensure Africa's food supply, the African Development Bank has delivered climate-friendly seeds to 12 million farmers in 27 countries in the past two years under the "Technology for Agricultural Change in Africa" program, he said.
In the area of renewable energy, the African Development Bank is implementing a $20 billion "Desert Power" initiative in the Sahel that is expected to power 250 million people, he said.
US President Joe Biden recently wrapped up his five-day trip to Asia with a summit of leaders of the "Quad" security Dialogue.
Biden has promoted a number of economic and security cooperation initiatives during his visit aimed at deepening ties with Indo-Pacific Allies and partners in response to China's growing influence in the region. Some analysts in the United States believe the most significant announcement may be an initiative to share maritime information to combat illegal activities. But other experts say Biden's move sets a good framework for more security cooperation, though it remains to be seen whether concrete action will follow.
Affected by several factors, the supply of the lithium 12-hydroxystearate is erratic and thus its prices are expected to go higher in the future.
What is Lithium 12-hydroxystearate?
Lithium 12-hydroxystearate chemical formula is C18H35LiO3. Lithium 12-hydroxystearate is a compound that is classified as lithium soap. In chemistry, "soap" refers to salts of fatty acids. Lithium 12-hydroxystearate is a white solid.
Lithium soap is a key ingredient in many greases. Lithium 12-hydroxystearate has been widely considered as the preferred fatty acid for the manufacture of lithium-based grease thickeners. Greases prepared with this acid are usually smooth and have a butter-like texture.
What is Lithium 12-hydroxystearate Used for?
Lithium 12-hydroxystearate is used as a thickener and gelling agent in lubricating grease.
Lithium 12-hydroxystearate has high oxidation stability with a drop point of about 200 °C. At present, most greases used in motor vehicles, aircraft and heavy machinery contain lithium stearate, mainly lithium 12-hydroxystearate. Some greases are made of sodium, barium, lithium and calcium soaps. Lithium soap-based grease is favored because of its water resistance, oxidation stability and mechanical stability. According to the difference of grease, they also have good performance at high or low temperature.
How to produce Lithium 12-hydroxystearate?
In order to produce lithium 12-hydroxystearate, lithium hydroxide and fatty acids are combined in an aqueous medium. Through strong stirring, diluted lithium hydroxide monohydrate is gradually added to fatty acid dispersions heated to water slightly below the boiling point. Because these lithium soaps are difficult to filter, they are collected by spray drying. In terms of application, lithium 12-hydroxystearate is usually dispersed in synthetic oils such as silicone oil and ester oil. Synthetic oils are favored because of their higher stability and performance at extreme temperatures.
12-hydroxystearic acid is obtained by hydrogenation of castor oil. After most of the primary reactions of double bond saturation, the dehydration and reduction of hydroxyl groups lead to stearic acid. Hydrogenated castor oil produces a mixture of 12-hydroxy stearic acid and stearic acid.
Lithium 12-hydroxystearate Price
The price is influenced by many factors including the supply and demand in the market, industry trends, economic activity, market sentiment, and unexpected events.
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Lithium 12-hydroxystearate Supplier
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New Delhi: India is seeking to increase its purchases of crude oil from Brazil, the country's oil minister said recently after meeting his Brazilian counterpart.
India is the world's third-largest importer and consumer of crude oil. Brazil currently supplies only a fraction of India's crude oil imports.
India's state-owned companies Bharat Petroleum Corp and Oil and Natural Gas Corp have invested in oil and gas exploration in Brazil.
India, which imports about 84% of its crude oil needs, is reducing its import bill by increasing biofuel use, among other things.
India's state-owned fuel retailers are increasing ethanol storage capacity by 51 percent and the country plans to double the biofuel blend in petrol to 20 percent by 2025.
India and Brazil are currently cooperating on biofuels and ethanol.
The prices of many commodities like the lithium 12-hydroxystearate are expected to increase in the future.
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