newsroom

Industry News

Biostimulants Earn the Spotlight in Agriculture

(Crop Life) - Predicting the future is rarely a safe activity. Look no further than last year. Anyone's prognostications for 2020 were ripped to shreds by the appearance of COVID-19. That said, here is a prediction for the rest of 2021 and beyond: The industry will see continued interest in and the growth of biostimulants.

Read More
India and United States collaborate on AI in agriculture

(Future Farming) - The United States allows India to use its AI technology in order to increase foodgrain production. India and the United States have launched the U.S. India Artificial Intelligence (USIAI) Initiative. This was announced by the Indo-U.S. Science and Technology Forum (IUSSTF), which is an is an autonomous bilateral organisation – jointly funded by the governments of India and the U.S. – that promotes science, technology, engineering and innovation through substantive interaction among government, academia and industry.

Read More
How Agricultural Nanotechnology Will Influence the Future of Farming Sustainability

(AZO Nano) - The agricultural sector is dealing with enormous challenges such as rapid climatic changes, a decrease in soil fertility, macro and micronutrient deficiency, overuse of chemical fertilizers and pesticides, and heavy metal presence in the soil. However, the global population increase has subsequently escalated food demand. Nanotechnology has immensely contributed to sustainable agriculture by enhancing crop production and restoring and improving soil quality.

Read More
Dry Bulk Shipping Rates Are Surging and the Rally Isn't Over

(gCaptain.com/Bloomberg) - For a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw materials. Rising demand for everything from soybeans to steel has sent the cost of hauling dry goods soaring more than 50% this year. Manufacturing, which first picked up in China, is now accelerating elsewhere, and countries are stepping up commodity purchases to rebuild stockpiles after running them down during lockdowns that slowed port operations and hit economic activity globally.

Read More
Quantum Computation of Dominant Products in Lithium-Sulfur Batteries

(aip.scitation.org) - Quantum chemistry simulations of some industrially relevant molecules are reported, employing variational quantum algorithms for near-term quantum devices. The energies and dipole moments are calculated along the dissociation curves for lithium hydride (LiH), hydrogen sulfide, lithium hydrogen sulfide, and lithium sulfide. In all cases, we focus on the breaking of a single bond to obtain information about the stability of the molecular species being investigated.

Read More
ALMA Detects Volcanic Gases in Atmosphere of Io

(SCI-News) Using data from the Atacama Large Millimeter/Submillimeter Array (ALMA), astronomers from India have detected acetone, disulfur monoxide, and carbon monoxide in the atmosphere of Jupiter's moon Io. Io is the innermost of the four Galilean moons of Jupiter and the fourth-largest moon in our Solar System.

Read More
AAR: Rail Traffic 'Rebound'

(Railway Age) - Taking into account last year's pandemic-related rail volume drop, "rail traffic has clearly rebounded" and "recent signs of strength in manufacturing are good signs for railroads, too," Association of American Railroads Senior Vice President John T. Gray noted in the AAR traffic report for March 2021 and the week ending April 3, 2021.

Read More
OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike

(Bloomberg) - OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months.

Before Thursday’s meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its allies showed they are more convinced now that fuel demand is on a firmer footing after a yearlong beating from the coronavirus.

Read More
Sulfur surprise in soybeans

(Agriculture.com) - If soybeans could talk, they’d tell you anti-pollution legislation works. These laws – first passed in the 1970s – squelched sulfur-containing acid rain fueled by industrial emissions. Applications of fertilizer containing sulfur (S) previously benefited only crops grown on sandy soils, as atmospheric S would leach through them.

Read More
Now-resolved Suez Canal blockage shows value of Arctic shipping route, Russia says

(Bellona.org) - While hundreds of ship and tankers were blocked from passing through the Suez Canal by a stranded container ship, Russia’s Energy Ministry wasted no time reminding the world of the Northern Sea Route, the 6,000-kilometer sea artery joining Europe and Asia through the Arctic said to lop days off conventional cargo passages.

Read More
Canada finalizes critical minerals list

(CIM Magazine) Thirty-one: that is the number of minerals that Canada has identified as “critical minerals.” Addressing the virtual Prospector’s and Developer’s Association of Canada Convention on March 11, Canadian Natural Resources Minister Seamus O’Regan read out the newly formed list and called critical minerals “essential to the economic and energy security.”

Read More
Suez Canal Blocked After Giant Container Ship Gets Stuck

(The New York Times) CAIRO — Trying to convey the sheer scale of the nearly quarter-mile-long container ship that has been stuck in the Suez Canal since Tuesday evening, some news outlets compared it to the length of four soccer fields. Others simply called it gigantic. But the main thing to know was this: After powerful winds forced the ship aground on one of the canal’s banks, it was big enough to block nearly the entire width of the canal, producing a large traffic jam in one of the world’s most important maritime arteries.
Related Story: https://www.foxbusiness.com/markets/suez-canal-blocked-weeks

Read More
Canadian Pacific Railway acquires Kansas City Southern railway for $25 billion

(KTTN) The Associated Press reported Canadian Pacific Railway’s acquisition of Kansas City Southern is a $25 billion deal in cash and stock. The sale creates the first rail network linking the United States, Mexico, and Canada.
Railway officials say Kansas City, Missouri will be designated as the new U.S. headquarters for Canadian Pacific Kansas City, or CPKC. The combined company would operate about 20,000 miles of railway, employ 20,000 people and generate annual revenue of about $8.7 billion.

Read More
ICL (ICL) Reports Acquisition of South American Plant Nutrition Business from Compass Minerals (CMP) for $402M

(Street Insider) ICL (NYSE: ICL), a leading global specialty minerals and specialty chemicals company, today announced it has entered into a definitive agreement to acquire Compass Minerals (NYSE: CMP) América do Sul S.A., which includes the South American Plant Nutrition business of Compass Minerals – after a planned carve-out of the existing water treatment and chemicals businesses – for approximately R$2,207 million (~US$402 million, based on a Brazilian real-to-U.S. dollar exchange rate of R$5.4951/US$1.00). This amount includes the assumption of approximately R$600 million (~US$109 million) of net debt and is subject to customary post-closing adjustments. In addition, the transaction includes an earnout of up to approximately R$88 million (~US$16 million).

Read More
Refinery rained oil onto Virgin Islands community that awaits cleanup a month later

(Seattle Times) Two hours after midnight in this island paradise, a cloudy vapor rose from a massive oil refinery and floated over nearby homes as quietly as a ghost. The fine mist of oil and water from Limetree Bay Refining rained down on the community of Clifton Hill, showering the slick mix onto cars, gardens, rooftops and cisterns filled with rainwater that residents use for daily tasks.

Read More
U.S. transport chief to testify on infrastructure push

(Reuters) - U.S. Transportation Secretary Pete Buttigieg will testify March 25 before a key U.S. House panel on the Biden administration's infrastructure push. House Transportation and Infrastructure Committee chairman Peter DeFazio said Buttigieg will testify as lawmakers are working on a "transformational surface transportation reauthorization legislation". As a candidate, President Joe Biden pledged to invest $2 trillion in fixing highways, bridges and airports; building climate-resilient homes; wiring cities for broadband internet; encouraging the manufacturing of fuel-efficient cars and installing 500,000 electric vehicle charging stations.

Read More
European companies announce more clean fuel projects

(S&P Platts) - Finnish refiner and clean fuels producer Neste has identified Rotterdam in the Netherlands as the most likely site for its new "world scale" renewable products refinery, it said March 15. Neste also said a final investment decision for the project will be made either by the end of this year or early in 2022. "Based on the thorough studies and calculations, the overall cost of the investment is significantly lower in Rotterdam. Our decision relies on ensuring our future competitiveness and our renewables growth strategy execution," said Neste President and CEO Peter Vanacker.

Read More
In numbers: how mining came to be Australia's most profitable sector

(Mining Technology) - Mining remains Australia's single largest sector, and a bastion of stability and profitability amid the uncertain times of the Covid-19 pandemic. We investigate the statistics behind the industry's recent meteoric rise to see how it has secured such a position of dominance and stability.

Read More
Phosphate Fertilizers from Morocco and Russia Injure U.S. Industry, says USITC

(United States International Trade Commission) - The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of phosphate fertilizers from Morocco and Russia that the U.S. Department of Commerce (Commerce) has determined are subsidized by the governments of those countries.

Read More
Turning point in a turnaround for Tengizchevroil LLP

(Engineer Live) - Kazakhstan, officially the Republic of Kazakhstan, is the world’s largest landlocked country, and the ninth largest country in the world, with an area of 1,052,100 square miles. Between its most distant points, Kazakhstan measures about 1,820 miles east to west and 960 miles north to south. It is a transcontinental country largely located in Asia, but with the most western parts in Europe. Kazakhstan is the dominant nation of Central Asia economically, generating 60% of the region’s GDP, primarily through its oil and gas industry. It also has vast mineral resources.

Read More

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.

Read More
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.

Read More
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.

Read More
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.

Read More
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."

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More