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Industry News

CalPERS, Carlyle lead global push on ESG reporting

(Reuters) - A group of global private equity firms and pensions funds managing over $4 trillion in assets said on Thursday they have agreed to standardize reporting on environmental, social and corporate governance (ESG) performance of portfolio companies.

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The workers who keep global supply chains moving are warning of a 'system collapse'

(CNN Business) - Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex Covid-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic.

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APPEC Carbon-offset crude trade to take time to develop - execs

(Reuters) - More producers and refiners are looking at ways to offset carbon emissions of their crude oil exports to meet future global demand for low-carbon raw materials, although such trades will require time to develop as it remains unclear which parties will bear the decarbonisation costs, industry executives said.

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This Bizarre Region of Ethiopia Is the Definition of an Acid Trip

(Thrillist) - It's no secret that Mother Nature loves to get weird, and man, we love it when she does. But of all the freaky creations she's dreamt up during her 4.5 billion years of existence— god-like mystery monoliths, swirling crimson deserts, oceans that glow--one of the strangest has to be Ethiopia's Danakil Depression.

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In-mouth production of volatile sulfur compounds causes children to dislike Brassica vegetables

(News Medical) - Many children, as well as adults, dislike Brassica vegetables, such as broccoli, cauliflower, cabbage and Brussels sprouts. In the mouth, enzymes from these vegetables and from bacteria in saliva can produce unpleasant, sulfurous odors.

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Lyten introduces next generation lithium-sulfur battery for electric vehicles

(The Press) - Lyten, an advanced materials company, is disrupting the electric vehicle battery industry with the introduction of its LytCell EV™ lithium-sulfur (Li-S) battery platform. This latest Silicon Valley battery innovation is optimized specifically for the electric vehicle (EV) market and is designed to deliver three times (3X) the gravimetric energy density of conventional lithium-ion (Li-ion) batteries.

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Cargill launches new regenerative AG program that pays farmers for improved soil health

(Agriculture) - Cargill has begun enrolling farmers in Cargill RegenConnectTM, a new regenerative ag program that pays farmers for improved soil health and positive environmental outcomes, including payment per metric ton of carbon sequestered.

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Cargill to connect farmers to carbon marketplace

(Future Farming) - Cargill RegenConnect is a new regenerative agriculture program that pays U.S. farmers for improved soil health and positive environmental outcomes, including payment per metric ton of carbon sequestered.

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Top carbon emitters fall short on climate risk disclosure, report says

(Reuters) - Top emitters of carbon are not disclosing the full risks associated with climate change, reducing the chances of meeting global emissions targets, a study by Carbon Tracker and the Climate Accounting Project (CAP) said on Thursday.

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Investor group sets tough climate blueprint for Big Oil

(Reuters) - Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.

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Oil-rich Norway goes to polls with climate on the agenda

(AP News) - North Sea oil and gas has helped make Norway one of the wealthiest countries in the world. But as Norwegians head to the polls on Monday, fears about climate change have put the future of the industry at the top of the campaign agenda.

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Amazon & The Nature Conservancy launch Brazil 'agroforestry accelerator'

(Ag Funder News) - US tech major Amazon and nonprofit The Nature Conservancy have launched a new initiative to sequester carbon and create "a more sustainable income" for farmers in the Brazilian state of Pará.

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Amazon launches agronomy service for Indian farmers

(Ag Funder News) - Amazon Retail, the Indian e-grocery business of US tech giant Amazon, has started offering digital agronomy services to farmers in the country, the Business Standard reports.

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FRA Releases PTC Safety Advisory

(Railway Age) - The Federal Railroad Administration (FRA) has published a Safety Advisory on a Positive Train Control (PTC) issue recently identified during testing of ACSES II (Advanced Civil Speed Enforcement System II) and I-ETMS (Interoperable Electronic Train Management System) technology.

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Sulfur Nutrition and Soil Fertility Management for New Jersey Crops

(Rutgers) - Sulfur is a mineral essential for plant and animal growth and reproduction. It is classified as a plant macronutrient and used by crops in about the same amounts as for phosphorus (P). In past decades it was assumed that there was an abundance of sulfur freely available from the atmosphere.

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Storm-hit U.S. oil refineries must wait weeks for power, water

(Reuters) - Louisiana oil refineries shut by Hurricane Ida could take weeks to restart, costing operators tens of millions of dollars in lost revenues as they wait for water and electrical power to be restored, analysts said this week.

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STB unanimously rejects CN-KCS voting trust. CPKC back in play

(Railway Age) - The United States Surface Transportation Board—as expected by many industry observers and financial analysts—on Aug. 31, 2021, by unanimous vote, rejected the CN-Kansas City Southern voting trust, effectively killing the merger, and opening the door for Canadian Pacific to re-engage with KCS on the CPKC (“Canadian Pacific Kansas City”) deal it struck with KCS on March 21, albeit with a sweetened offer. KCS has cancelled its Sept. 3 shareholder meeting to vote on the CN offer, and is considering CP’s offer.

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Carmakers scrutinise lithium's green credentials amid battery rush

(The Sydney Morning Herald) - The head of Australia’s largest lithium miner says carmakers are ratcheting up scrutiny of the environmental impact of mining practices across battery supply chains.

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After 7 years, FACT all set to restart caprolactam production

(The Hindu) - The public sector Fertilizers and Chemicals Travancore (FACT) is slated to restart caprolactam production later this week after a gap of more than seven years, making the event a landmark in the history of the company.

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Washington Wants America to Catch Up to China's Manufacturing -- a Mining Boom in North America Might be Needed

(Benzinga) - The continued competition and economic back and forth between the United States and China has spurred American policy to move toward a renewal of old capabilities in heavy industry and manufacturing. America used to be the king of the majority of sectors, including mining, refining and processing raw materials required for advanced manufacturing activities.

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Member News

Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation

(MSN) - Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.

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Exxon to buy Pioneer In $60 billion deal

(The Wall Street Journal) - Exxon Mobil struck a nearly $60 billion agreement Wednesday to buy Pioneer Natural Resources in the largest oil-and-gas deal in two decades, tying the energy giant's future to fossil fuels.

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Tessenderlo Kerley, Inc. celebrates groundbreaking in Ohio for fertilizer facility

Tessenderlo Kerley, Inc. held a celebratory groundbreaking to mark the commencement of construction on a new liquid fertilizer facility in Defiance, Ohio. The new 50,000-square-foot production facility will occupy 50 acres and is set to become operational in 2024. The facility will service the Eastern Great Lakes Region through its distribution partners and will include terminal loadouts for rail cars and tanker trucks.

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Ford to buy lithium from ioneer for U.S. EV battery plant

(Reuters) - Ford Motor Co (F.N) said on Thursday it will buy lithium from ioneer Ltd's (INR.AX) Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.

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Koch Ag Completes Acquisition, Forms Joint Venture With Moroccan Phosphate Subsidiary

(The Daily Scoop) - "The closing of this acquisition marks Koch's first substantial investment on the African continent," said Brad Razook, Executive VP of Koch Industries and CEO, Resources. "We are excited to add another nutrient to the KAES portfolio in collaboration with a world-class partner."

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Shell Pushes Big Plans To Drill More in Gulf

(The Wall Street Journal) - Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to pump oil for years to come.

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Rhyolite Ridge: Investing in the future

(Elko Daily) - Alot has been happening with the Rhyolite Ridge lithium/boron project in recent months.
“On March 31, U.S. President Joe Biden announced plans to invoke the Defense Production Act to provide hundreds of millions in new subsidies for the mining of minerals critical for the wind, solar and electric vehicles industries.

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Penflex Becomes The Sulphur Institute's Newest Member

(MSN) - Penflex Corporation recently became the newest member of The Sulphur Institute (TSI), an international, non-profit organization dedicated to advocating for the safe use of sulfur.

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Koch to acquire 50% stake in JFC III from OCP

(Agri Business Global) - Koch Ag & Energy Solutions (Koch) and OCP have signed an agreement under which a Koch affiliate will acquire a 50% interest in Jorf Fertilizers Company III (JFC III) from OCP, the world's largest phosphate mining and leading global fertilizer group. When closed, the transaction will establish a 50/50 joint venture.

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Exxon posts biggest profit in seven years on high oil prices

(Reuters) - Exxon Mobil Corp (XOM.N) on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.

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