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Industry News

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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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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Member News

Rio Tinto achieves battery grade lithium production at Boron plant

(Investing News) - Rio Tinto has commenced production of battery-grade lithium from waste rock at a lithium demonstration plant at the Boron mine site in California, United States. The demonstration plant is the next step in scaling up a breakthrough lithium production process developed at Boron, to recover the critical mineral and extract additional value out of waste piles from over 90 years of mining at the operation.

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Mosaic, AgBiome collaborate to develop biological plant nutrition products

(Agriculture.com) - Ag input suppliers are betting big on microbial solutions for plant nutrition, and the Mosaic Company is one of the latest to enter the fray.
Last week, Mosaic – a producer and seller of phosphate and potash crop nutrients – entered into a strategic collaboration with AgBiome, a company with one of the world’s largest collections of diverse microbial communities. The goal is to discover, develop, and launch biological solutions to enhance soil fertility, the companies said in a press release.

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Two Mosaic Products Earn Enhanced Efficiency Fertilizer Designation

(Agriculture.com) - The Mosaic Company announces that two of its products, MicroEssentials and Sus-Terra fertilizer, are now labeled as Enhanced Efficiency Fertilizers (EEF) as defined by the Association of American Plant Food Control Officials (AAPFCO).

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Hempel Acquiring Wattyl Australia, New Zealand

(Coatings World) Hempel A/S said it signed a purchase agreement to acquire Wattyl – one of Australia and New Zealand's leading manufacturers of paint for the decorative and protective segments with a turnover of €150 million and 750 employees – from The Sherwin-Williams Company.

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Shell to License Tech for New Refinery

(Rig Zone) PT Pertamina Rosneft Pengolahan dan Petrokimia (PT PRPP) has signed a licensing and basic engineering agreement to apply Shell Catalysts and Technologies processes at a new refinery in Tuban, Java Timur, Indonesia, Shell (NYSE: RDS.A) reported Wednesday

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CSX, Union Pacific caution about bad winter weather

(Freight Waves) Bitter cold and strong winter storms could impact rail operations over the next several days, according to service advisories from several U.S. Class I railroads.

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U.S. Department of Commerce Issues Final Affirmative Countervailing Duty Determinations on Phosphate Fertilizer Imports from Morocco and Russia

Yahoo Finance - February 9, 2021
The U.S. Department of Commerce announced its final determination that phosphate fertilizer imports from Morocco and Russia are unfairly subsidized. Commerce calculated a subsidy rate of 19.97 percent for Moroccan producer OCP. In the Russia investigation, Commerce calculated rates of 9.19 percent and 47.05 percent for PhosAgro and EuroChem, respectively, and a rate of 17.2 percent for all other producers/exporters

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Oil May Not Be Chevron's Largest Business in 20 Years

CNN Business - February 8, 2021
While oil and gas will certainly be needed for decades to come, the oil and gas division may not be Chevron's top business in 20 years, although it will still be a very big part of the U.S. supermajor's operations, chief executive Michael Wirth told CNN Business in an interview published on Monday.

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TSI Member Companies Earn Railroad Safety Grand Slam Award

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. HJ Baker Sulphur LLC and ExxonMobil Corp received the award for calendar year 2019.

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Ioneer Announces Definitive Feasibility Study for the Rhyolite Ridge Lithium-Boron Project

April 30, 2020 – [From Ioneer's Newsletter] Yesterday we announced the outcomes of our Definitive Feasibility Study (’DFS’) for the Rhyolite Ridge Lithium-Boron Project in Nevada (‘Project’). This is an exciting and critical milestone for ioneer. The DFS places Rhyolite Ridge as the single most attractive Project for the economic production of lithium carbonate, lithium hydroxide and boric acid globally. Rhyolite Ridge is truly a world class asset with strong Project economics...

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