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Industry News

UK business energy supplier CNG Energy ceases to trade

(Reuters) - British business energy supplier CNG Energy Ltd is ceasing to trade, it said on Wednesday, joining 17 energy suppliers in the country that have gone bust due to high wholesale energy prices since September.

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Several countries pledge to phase out heavily polluting coal -- but U.S and China aren't among them

(CBC) - U.S., China, India and Japan still haven't set a date for ending their dependence on coal. In the fight to curb climate change, several major coal-using nations announced steps Thursday to wean themselves -- at times slowly -- off of the heavily polluting fossil fuel.

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'I'm afraid we're going to have a food crisis': The energy crunch has made fertilizer too expensive to produce, says Yara CEO

(Yahoo) - The world is facing the prospect of a dramatic shortfall in food production as rising energy prices cascade through global agriculture, the CEO of Norwegian fertilizer giant Yara International says.

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MOL and Vale International conduct study on wind-powered bulk carrier

(Dry Bulk) - Mitsui O.S.K. Lines Ltd have announced an agreement with Vale International SA to conduct a joint study on the installation of a wind propulsion system called Rotor Sail on a 200 000-t class in-service bulk carrier, which mainly transports iron ore for steel production.

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Nuberg EPC wins two sulfuric acid plant projects in Egypt and Ethiopia

(World Fertilizer) - Nuberg EPC has been awarded two sulfuric acid plant projects in Gamasa City, Egypt, and Oromia, Ethiopia. The 500 million tpd and 5 MW Rating STG Set in Egypt and 50 tpd sulfuric acid and 40 tpd aluminium sulfate revamp project in Ethiopia have been won on EPC and LSTK basis. The Egypt project is scheduled to be delivered in 22 months and the Ethiopia project in 15 months from the contract LC opening date.

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Factbox: Big Ag woos farmers for carbon programs

(Reuters) - The world's farmers have found a potential new revenue stream under their feet, as the biggest agriculture companies launch programs to sequester carbon and generate valuable credits, a financial instrument to offset pollution.

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Study says tech firms underreport their carbon footprint

(AP) -- Large technology companies such as SAP, IBM and Google are underreporting their greenhouse gas emissions at a time of heightened scrutiny over the role of corporations in driving climate change, a study released Friday claimed.

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REUTERS EVENTS Umunna says JPMorgan to keep funding fossil fuel companies

(Reuters) - JPMorgan (JPM.N) plans to keep lending to the fossil fuel industry to help it transition to a low-carbon economy, despite campaigner calls for banks to phase out financing to the sector, an executive said on Thursday.

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South Korea's sulphuric acid exports fall in September

(Argus Media) - South Korea's sulphuric acid exports slid by 13pc in September compared with a year earlier, driven by falling deliveries to China and Chile.

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China's state planner says taking steps to ensure fertilizer supplies

(Reuters) - China’s state planner said on Wednesday it will take steps to safeguard fertilizer supplies by improving capacity utilization and rail transport, keeping tabs on import and export trends and strengthening the role of reserves.

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No grain, no sulphur: reduction of cargo traffic in Azov-Don Basin

(Port News) - In almost 10 month of the year, cargo turnover on inland water ways of the Azov-Don Basin decreased by 1 million tonnes versus the same period of 2020. Transportation of agricultural goods and sulphur has reduced by almost a half with the decrease demonstrated by other types of cargo as well. 

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Shippers warned to brace for fuel surcharge rises

(FleetPoint) - Resurgence in fuel prices, set to be passed on by carriers, means cargo owners will have to contend with higher bunker adjustment factors on top of already high freight rates.
Shippers are being warned to prepare for higher bunker adjustment factors on top of already high freight rates as carriers seek to claw back rising fuel costs.

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Green transition needs a wider focus than oil cuts

(Reuters) - Fatih Birol is cracking skulls again. The boss of the International Energy Agency, which represents global power consumers, caused a stink in May with prescriptions for what the world needs to keep global warming to 1.5 degrees Celsius above pre-industrial levels. The implication of his first progress update, ahead of the COP26 gathering, is that the focus of decarbonisation lobbyists may be too narrow.

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Falling spare oil capacity underscores need for more investment, IEA says

(Reuters) - The world's spare oil production capacity which helps smooth the market will fall by the end of 2022 as OPEC+ producers lift output, highlighting the need for more investment to meet rising crude demand, the International Energy Agency said on Thursday.

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Winter chill keeps China's coal prices high, power crunch stokes inflation

(Reuters) - China coal prices held near record highs on Thursday as cold weather swept into the country's north and power plants stocked up on the fuel to ease an energy crunch that is fuelling unprecedented factory gate inflation.

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UAE-based ADNOC shelves plan to build Ruwais refinery

(Zawya) - The Abu Dhabi National Oil Co. has dropped plans to build a 400,000 barrels per day refinery in Ruwais citing changing economic outlook for the project.

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Global copper smelting activity rebounds in September

(Reuters) - Global copper smelting activity rebounded in September as higher treatment charges spurred many smelters to increase output, data from satellite surveillance showed on Monday.

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Is the biggest greenhouse in the US the future of farming?

(CNN) - In the foothills of the Appalachian Mountains, the small town of Morehead is home to the biggest greenhouse in the US. But the facility is more than just an oversized version of a backyard greenhouse; this high-tech operation uses robotics, artificial intelligence (AI) and data to grow up to 45 million pounds of tomatoes per year.

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A novel method for installing sulfur into complex molecules

(Phys) - A group of highly reactive compounds called persulfides have provoked great curiosity among biochemists, because of their role in nature, and how they interact with proteins to change their structure and function, affecting health, aging and disease processes.

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30-minute synthesis of cathode materials for flexible lithium-sulfur batteries

(Eurek Alert) - Foldable mobile phones are gaining popularity these days. As the popularity of such intelligent flexible devices and electric vehicles increases, the demand for high-energy, long-life and fast-charging energy storage systems is increasing.

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Member News

Ioneer gets $70 mln from Sibanye for U.S. lithium plant

(Reuters) - Australian lithium supplier ioneer Ltd (INR.AX) said on Thursday it had secured $70 million in funds from South Africa's Sibanye Stillwater (SSWJ.J)through a share placement to begin construction work at one of its mines in the United States.

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Veolia Regeneration Services recognized for HAZMAT safety by rail industry

(Association of American Railroads) The NAR Grand Slam Award is presented annually to companies that are exemplary shippers of hazardous materials. An award winner must have been recognized by at least four Class I railroads and have had zero non-accident releases involving their shipments the previous calendar year. A hazardous materials non-accident release is an unintentional release of a hazardous material while in transportation, but not involving an accident.

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Railroads Recognize Leadership in Hazmat Safety

(Association of American Railroads) The NAR Grand Slam Award is presented annually to companies that are exemplary shippers of hazardous materials. An award winner must have been recognized by at least four Class I railroads and have had zero non-accident releases involving their shipments the previous calendar year. A hazardous materials non-accident release is an unintentional release of a hazardous material while in transportation, but not involving an accident.

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BP wins over Greenpeace in North Sea oil court case

(Reuters) - A Scottish court handed BP (BP.L) a win over Greenpeace on Thursday after the environmental group tried to void the energy company's licence to exploit a North Sea oilfield, saying the climate impact of the end-use of oil should not affect permits.

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Lithium producer Albemarle to buy China's Tianyuan for $200 mln

(Reuters) - Albemarle Corp said on Thursday it would buy China-based Guangxi Tianyuan New Energy Materials Co Ltd, a lithium converter, for about $200 million as the company looks to increase its lithium conversion capacity.

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BP says Gulf of Mexico platforms resumed operations after storm Ida

(Reuters) - BP on Wednesday said all four of its offshore facilities in the Gulf of Mexico have resumed operations, having been brought back online and producing as of Sept. 12 post Hurricane Ida.

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Shell to launch Singapore's first fully-electric ferry service

(Reuters) - Royal Dutch Shell (RDSa.L) has ordered at least three electric ferries in Singapore to replace the diesel boats it uses to transport employees and visitors between mainland Singapore and its oil refining and chemicals plant on Bukom island, it said.

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ExxonMobil renewable diesel process technology to enable high yields from bio-feedstocks

(Hydrocarbon Processing) - ExxonMobil Catalysts and Licensing LLC (“ExxonMobil”) has introduced ExxonMobil Renewable Diesel process technology (“EMRD”) to help meet the evolving needs for mobility, while utilizing renewable feedstock.

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Chevron, Gevo join hands to invest in sustainable aviation fuel

(Reuters) - U.S oil major Chevron Corp and renewable energy firm Gevo Inc will jointly invest in building and operating one or more facilities that would process corn to produce sustainable aviation fuel, the companies said on Thursday.

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BP, Macquarie study green hydrogen hub concept in Western Australia

(Reuters) - BP Plc (BP.L) said on Tuesday it was conducting a joint feasibility study with Australian lender Macquarie Group (MQG.AX) to produce green hydrogen at the oil giant's former refinery site near Perth in Western Australia.

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