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Industry News

Aus govt awards A$50m in grants to critical mineral projects

(Mining Weekly) – The federal government on Friday approved nearly A$50-million in grants to accelerate the development of the critical minerals industry in the country, as part of efforts to reach net zero.

The project will also produce 300,000 t/y of elemental sulphur, which will reduce Australia’s dependence on imports for fertiliser production. 

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Prices of Lithium Surge, Lifted by Demand for EVs

(The Wall Street Journal) - Surging prices for lithium are intensifying a race between auto makers to lock up supplies and raising concerns that a shortage of the battery metal could slow the adoption of electric vehicles.

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Energy, mining make the market look too good

(The Wall Street Journal) - Soaring profits at oil companies and miners are making earnings look better than the reality of the rest of the stock market, and distorting Wall Street’s favorite valuation tool, the ratio of price to forecast earnings.

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China battery producers test higher sulphur coke

(Argus) - Chinese demand for medium sulphur anode-grade petroleum coke may increase in the coming years as battery manufacturers — regular consumers of ultra-low sulphur sponge and needle coke — aim to relax specifications to meet growing cost-cutting pressure.

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Scientists propose controversial plan to refreeze North and South Poles by spraying sulphur dioxide into atmosphere

(News.Sky) - A fleet of 125 military air-to-air refuelling tankers would release a cloud of microscopic sulphur dioxide particles at an altitude of 43,000ft (13km) and a latitude of 60 degrees in both hemispheres, slightly shading the Earth's surface beneath.

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Our transition away from fossil fuels paradoxically risks derailing our sustainable future

(Auto Evolution) - Right now, the goal of our society is to limit the use of fossil fuels as part of our energy mix and industrial future. The move might be good and bad at the same time, as this risks cutting away the primary source of sulfur, a mineral used in many fields, including mining critical battery materials.

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Fertilizer supply tightness and weather events seen challenging food security in 2022-2023

(Reuters Events) - While fertilizer inventories saw some increases and demand showed some softening in mid-2022, reduced nitrogen availability combined with weather events will not only keep supply tight but test food security and may create instability.

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Renewables' success skews carbon market

(Wall Street Journal) - Wind and solar projects, viable on their own, still sell offsets to polluters, say critics. With its 34 turbines perched on a hill in southwestern India, the Tuppadahalli wind farm generates green energy and profits.

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The coming global crisis of climate policy

(Wall Street Journal) - Let's come right out and say it: Anyone who still thinks climate change is a greater threat than climate policy to financial stability deserves to be exiled to a peat-burning yurt in the wilderness. Lest you've forgotten, the world's central banks and other regulators are in the middle of a major push to introduce various forms of climate stress testing into their oversight.

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Volatile path to lower dry bulk freight rates in near term before recovering in late 2023 with regulation impact on supply and gradual demand recovery

(Hellenic Shipping News) - Dry bulker and container freight rates have continued to fall over the past three months. Due to the seasonality of the market, dry bulk freight rates would typically peak in the third quarter; however, according to S&P Global Market Intelligence's latest dry bulk freight market outlook, the second quarter would likely be the peak of 2022.

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Nationwide rail shutdown could cost $2 billion per day

(Railway Age) - A report released on Sept. 8 by the Association of American Railroads (AAR) has found that a nationwide rail shutdown would "dramatically impact economic output" and could cost more than $2 billion per day.

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U.S. sour crude cargo sails to Germany as Russia sanctions bite

(MarineLink) - A tanker of U.S. sour crude was delivered at Germany's port of Rostock last week for the first time ever, according to sources, analysts and vessel tracking data, as local refiners test alternatives to Russian oil.

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Hundreds of new mines required to meet 2030 battery metals demand

(Mining) - Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found.

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A lithium colossus fails its big test, South America isn't meeting battery needs

(Wall Street Journal) Hailed as the Saudi Arabia of lithium, this California- sized chunk of terrain accounts for some 55% of the world’s known deposits of the metal, a key component in electric-vehicle batteries. 

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Europe thrusts towards offshore wind grid, testing regulators

(Reuters) - Earlier this summer, four European countries agreed to develop coordinated offshore transmission links, showing how rising renewable energy targets are accelerating plans for an offshore wind grid across northern Europe.

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Soy-based asphalt soon to be commercially available

(AG Web) - Soy-based asphalt technology discovered by accident at Iowa State University will be nationally available for commercial use next year. Researchers, who have been testing the product for roughly a decade, recently launched SoyLei Innovations, which is developing the rejuvenator product, which is a compound made of soybean oil that is mixed with recycled asphalt.

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Biden heads off rail strike with 60-day cooling off period

(The Maritime Executive) - To head off the supply-chain impact of a railway strike, U.S. President Joe Biden has established a presidential emergency board to help resolve a labor dispute between Class I rail carriers and their unionized workforce. The decision averts a possible large-scale labor action, which could have started as early as Monday.

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Hydrogen power isn't as green as it looks

(Vigor Times) - Governments around the world are offering rich subsidies and incentives to producers of hydrogen energy, which many see as a holy grail. Companies are equally excited: Hundreds of projects worth at least $600 billion have been announced. Estimates suggest demand could increase up to tenfold by midcentury.

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National Current Conditions

(Drought.gov) - Extreme heat and dryness in the Southern Plains and Missouri/Arkansas led to another week of major degradations. However, parts of the Midwest (which have been experiencing flash drought) and the Southeast saw good rain and improvements. As of July 19, 2022, 44.57% of the U.S. and 51.87% of the lower 48 states are in drought.

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New European port Antwerp-Bruges becomes foundation member of H2Global

(Port Technology) - The foundation has set itself the goal of making green hydrogen acceptable as an energy substitute in Europe – thereby advancing the energy transition and independence from Russian gas supplies.

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Member News

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.

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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.

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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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