newsroom

Industry News

US group streamline announces Saudi expansion with Zamil deal

(Trade Arabia) - US-based Streamline Innovations has partnered with Zamil, a Saudi trading company and supplier to the energy industry, to market and deploy its environmentally forward treatment solutions for hydrogen sulfide (H2S) in the kingdom.

Read More
E.U. to vote on historic fee for carbon-heavy imports

(E&E News) - The European Parliament postponed a vote today on parts of a sweeping climate package that includes an ambitious plan to tax the carbon content of imported goods.

Read More
Whitehouse on carbon tariffs, reconciliation bill
,p>(E&E News) - Sen. Sheldon Whitehouse has spent a year trying to inject carbon tariffs into reconciliation talks, and as negotiations ramp up again, he's having another go at it.

Read More
Slovakia says hardest hit by Russia oil sanctions, expects solidarity

(Reuters) - Slovakia said on Friday it would be hardest hit by European Union sanctions on Russian oil and it expected solidarity from Brussels to mitigate the impact.

Read More
STB proposes amendment to emergency service rules

(Progressive Rail Roading) - The Surface Transportation Board late last week issued a notice of proposed rulemaking (NPRM) to amend its emergency service rules to provide relief for shippers in situations that require immediate relief.

Read More
Trafigura to stop buying crude from Russia's Rosneft ahead of EU deadline

(Reuters) - Global commodities trader Trafigura Group will stop all purchases of crude oil from Russia's state company Rosneft (ROSN.MM) by May 15 when tighter EU rules on Russian oil sales come into effect, a company spokesperson said on Tuesday.

Read More
Japan to fund $892 million to help develop low-emission fuels

(Reuters) - Japan's state-backed New Energy and Industrial Technology Development Organization (NEDO) said on Tuesday it will allocate 114.5 billion yen ($892 million) to help develop new fuels such as synthetic ones that emit lower carbon dioxide (CO2).

Read More
Precision farming market to grow to USD 15.6 billion by 2030

(Future Farming) - The precision farming market is expected to grow further due to the growing adoption of global positioning system (GPS), guidance, and remote sensing technologies by farmers and growers. The precision farming market is expected to grow from USD 8.5 billion in 2022 to USD 15.6 billion by 2030, at a CAGR of 7.9%, according to the latest report by MarketandMarkets.

Read More
Russian oil imports banned, stocks down

(AP) — President Joe Biden has announced that the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. But he also acknowledged it will bring costs to Americans, particularly at the gas pump. The action on Tuesday follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports. Biden declared in remarks at the White House that “We will not be part of subsidizing Putin’s war.”

Read More
The impact of the Ukraine invasion on global agriculture

(AG Web) - On February 24th, the Russian government led by President Vladimir Putin launched an attack on its neighbor Ukraine, seeking to bring that country back into the Russian sphere of influence by force.  The conflict is now in its second week, with the Russian army having captured a handful of cities in the south-eastern corner of Ukraine but their offensive has evidently stalled in much of the rest of the country.  

Read More
Fertilizer giant Yara slashes production in Europe

(CNN Business) - Norway's Yara, one of the world's largest fertilizer makers, is curtailing its ammonia and urea output in Italy and France due to the surge in natural gas prices, it said on Wednesday, in another sign of rising costs for food production.

Read More
Asia Fuel Oil VLSFO crack hits record high amid tighter supplies

(Reuters) - Asia's front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) rose on Wednesday to its highest level on record, while cash premiums for the marine fuel grade jumped on active buying interest in the physical market.

Read More
Food crisis grows as spiralling prices spark export bans

(Reuters) - A global food crisis sparked by Russia's invasion of Ukraine escalated on Wednesday as Indonesia tightened curbs on palm oil exports, adding to a growing list of key producing countries seeking to keep vital food supplies within their borders.

Read More
China Tsingshan's overseas nickel footprint

(Reuters) - A surge in nickel prices to record levels this week has thrown a spotlight on China's Tsingshan Holding Group, one of the world's biggest producers of the metal, and raised concerns about potential impact on its many overseas investments.

Read More
Ukraine's port city of Mariupol remains at risk from Russian invasion

(CGTN) - Mariupol's history museum has two large rooms dedicated to the years that the Ukrainian city was under Soviet control. Located on the north shore of the Azov sea, Moscow developed Mariupol into a booming center for heavy industry with an active port.

Read More
Factbox: Biden administration sees carbon capture as key tool in climate fight

(Reuters) - U.S. President Joe Biden wants to achieve net-zero greenhouse gas emissions by 2050 to fight climate change, a plan that will require not just steep cuts in carbon output but also wider use of negative emissions technologies that can clear up the emissions that remain.

Read More
Open letter from Canadian businesses to our elected representatives

(Chamber) - Canadian businesses have suffered under the strain of constant disruptions over the last two years. The challenges they have had to overcome have included COVID-19, extreme weather events, increasing inflationary pressures, labour shortages and supply chain disruptions. Now achieving a successful recovery is threatened by the ongoing blockades of the critical infrastructure that enables the livelihoods and well-being of all Canadians.

Read More
Producing Polymers from Waste Sulfur

(AZO Materials ) - Waste sulfuric acid is created as a by-product from common industrial processes such as through the extraction of minerals and metal smelting processing.

Read More
Fossil fuel subsidies to face tighter EU scrutiny

(Reuters) - The European Commission wants to increase scrutiny of whether countries are phasing out fossil fuel subsidies fast enough to meet climate goals, under EU rules due this year.

Read More
Electric vehicles drive up nickel, cobalt and lithium prices

(Reuters) - Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year highs.

Read More

Member News

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
Shell ends 2021 on high note, hikes dividend and boosts buybacks

(Reuters) - Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

Read More
The Mosaic Company Comments on 10-Year High Fertilizer Prices

(The Daily Scoop) - Citing three key factors in today's fertilizer markets, The Mosaic Company says it recognizes fertilizer prices have increased dramatically in the past several months.

Read More
Phillips 66 converting Alliance refinery into terminal

(Oil & Gas Journal) - Phillips 66 has decided to move forward with a plan to transform its 255,000-b/d Alliance refinery on the Mississippi River in Belle Chasse, Plaquemines Parish, La., into a terminal that it will continue to operate as part of its midstream portfolio.

Read More
Qatar energy and ExxonMobil sign Cyprus energy exploration deal

(Reuters) - A consortium consisting of Qatar Energy and ExxonMobil (XOM.N) has signed an agreement with Cyprus for energy exploration and production sharing in Block 5 in the southeast of the island, Qatari News Agency said on Friday.

Read More
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.

Read More
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.

Read More