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Industry News

US Department of Transportation Video

(YouTube, May 14, 2020)
US Department of Transportation releases video where Secretary of Transportation Elaine Chao thanks the pipeline and hazardous material industries for their contributions to date in keeping the nation going during the COVID-19 pandemic.

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Carriers that invested in scrubbers may find the cost higher than expected

(The Load Star, February 21, 2020)
Shipping lines that have invested in scrubber technology to comply with the IMO 2020 low-sulphur regulations may be forced to reconsider the wisdom of their investment, as fuel producers appear to be looking for ways to push prices up. Since the introduction of the legislation this year, the price differential between the now-outlawed high-sulphur fuel oil (HFSO) and low-sulphur fuel oil (LFSO) has been around $200 a tonne. However, the declining availability of HFSO is forcing its price up and causing headaches for shipowners.

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WoodMac: Impact of the new coronavirus on the zinc and lead markets

(African Mining Market, February 18, 2020)
As the dreadful humanitarian toll of the Covid-19 epidemic in China grows, the direct and indirect impact on the Chinese zinc and lead industries from efforts to control the spread of the disease is starting to be seen. The extended Lunar New Year holiday has ended, but return to work by millions of migrants has been slowed to a trickle. A combination of transport restrictions, quarantine periods, staffing shortages and a government-mandated staged return to work means that the normal post-holiday bounce back in economic activity will not happen.

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Is the mining industry about to clean up its act?

(Sustainability Times, February 13, 2020)
The fact that the world's largest mining companies have not been doing enough to reduce their carbon emissions has been an open secret at best, but a recent McKinsey report laid bare how far many of these firms are falling short. According to the company, industry majors like BHP, Anglo American and Rio Tinto – all of which are signatories to the Paris Pledge for Action – need to implement more assertive measures in order to prevent severe backlash from investors and consumers alike.

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Lithium-sulfur batteries could be cheaper & more energy dense

(CleanTechnica, February 11, 2020)
Sales of new electric vehicles have been surging, but there are constraints around battery and vehicle production. New EVs have ranges of about 200-300 miles (322-483 km) or so. Potentially, lithium-sulfur batteries could expand EV ranges considerably and cost less because sulfur is a more abundant material than cobalt. Transportation is a major generator of greenhouse gases, so many more EVs are needed. Lithium-sulfur batteries eventually could help speed up EV production and adoption.

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Full of vitriol: Chinese alliance to build major acid factory in Egypt

(Global Construction Review, January 10, 2020)
A Chinese industrial and construction consortium including China State Construction Engineering Corporation (CSCEC) has won an $848m contract to build and operate a large phosphoric and sulfuric acid factory in Egypt. Located near the Abu Tartour phosphate mine in the southwestern New Valley Governorate, the plant will boost Egypt’s standing as a major producer of the acids, which are used in fertilizers, food and beverage manufacture, electronics and other products.

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Member News

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.

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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."

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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