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Industry News

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.

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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.

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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).

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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.

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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.”

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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.  

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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China showcases low-carbon tech for 'green' Games

(Reuters) - From natural carbon dioxide refrigeration at ice rinks to 100% renewables-powered venues, China is striving to run a "green" Olympics to showcase its leadership in climate-friendly tech and counter concerns about the lack of natural snow at its venues.

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OSHA Formally Withdraws Its COVID-19 Vaccine Mandate

(TTNews) - The Occupational Safety and Health Administration is formally withdrawing its emergency temporary standard requiring large companies to require their employees to receive COVID-19 vaccinations, the agency announced Jan. 25.

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Kula Bio closes $50m Series A to further develop its low emission biofertilizer

(AG Funder News) - Kula Bio, a US-based startup developing a biological fertilizer, has raised $50 million in Series A funding to increase production capacity and further innovate on its technology.

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In Kenya, Apollo Agriculture is building a pathway to commercial farming

(AG Funder News) - It may sound contrarian, but Benjamin Njenga believes that Africa's smallholder farmers are among the richest people in society.

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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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