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Industry News

Energy Department offers $3.5B for battery manufacturing

(Utility Dive) - The funding from the bipartisan infrastructure law will go toward new, retrofitted and expanded battery and critical mineral production sites.

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Keep Sulfur in mind when making fertilizer decisions

(SFN Today) - We know there are essential elements for plant growth. Sulfur is one of them, but there are two forms of sulfur. Taylor Purucker, crop nutrition lead for the Mosaic Company, talks about the two types of sulfur.

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STB gets earful on proposed rule for reciprocal switching

(Freight Waves) - The Surface Transportation Board recently closed the comment period for rail stakeholders to file their thoughts on whether reciprocal switching should be considered as an option to address subpar rail service in the U.S.

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Copper slump threatens shift to wind power and EVs

(The Wall Street Journal) - A prolonged slide in copper prices is challenging the world’s shift to renewable energy sources. Mining firms will need to dig up gigantic amounts of new copper over the next several years to supply the transition to renewables.

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The path to green energy Is getting messier

(The Wall Street Journal) - The energy transition is getting a dose of reality.Offshore wind projects are being scrapped, and renewable- energy companies' share prices are tanking. In the U.S., automakers are reining in electric-vehicle plans as demand falters.

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Sulfur is demanding its place in crop nutrient budgeting

(EOS) - Scientists advocate for a more significant consideration of sulfur from a multidisciplinary perspective as a necessary step towards sustainable crop management.

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CN prepared for winter despite regulatory uncertainty

(Freight Waves) - Canadian railway CN is prepared to handle low temperatures and heavy snowfall this winter, but it warns that new regulations could test its ability to meet customer demand and keep the supply chain flowing, according to the 2023-2024 winter plan that it recently submitted to the Canadian government.

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Kansas attempts two-person crew requirement

(Railway Age) - The state of Kansas on Nov. 3 will put into effect an administrative rule requiring two-person freight railroad crews.

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Chandrayaan-3's measurements of sulfur open the doors for lunar science and exploration

(Space) - Sulfur in soils near the moon's poles might help astronauts live off the land one day, making these measurements an example of science that enables exploration.

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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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Member News

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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Chevron, Gevo join hands to invest in sustainable aviation fuel

(Reuters) - U.S oil major Chevron Corp and renewable energy firm Gevo Inc will jointly invest in building and operating one or more facilities that would process corn to produce sustainable aviation fuel, the companies said on Thursday.

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BP, Macquarie study green hydrogen hub concept in Western Australia

(Reuters) - BP Plc (BP.L) said on Tuesday it was conducting a joint feasibility study with Australian lender Macquarie Group (MQG.AX) to produce green hydrogen at the oil giant's former refinery site near Perth in Western Australia.

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CSX Acquisition of Pan Am: Improved New England Rail Service Makes It Commendable

(Railway Age) - CSX has recently proposed to acquire Pan Am Railways. Although, as I explain below, I am usually critical of mergers, I believe this merger will substantially enhance the rail network in New England by bringing the region more directly into the national railroad network.

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Activist Hedge Fund Grabs Two Seats On Exxon Mobil's Board Of Directors

(Texas Standard) - It’s another example of Big Oil being pushed toward renewable energy. But achieving net-zero carbon emission goals will still be a big challenge. Texas-based oil giant Exxon Mobil Corp. saw a major shakeup in the boardroom last week, with a new activist investor group called Engine No. 1 grabbing two spots on the company’s board of directors. The hedge fund has been targeting Exxon since December with its “Reenergize Exxon” campaign, pushing the company to rethink its business strategy in a time when green energy and climate activism is becoming increasingly mainstream.

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Shell to Let Shareholders Vote on Shift to Cleaner Energy

(WSJ) - LONDON-- Royal Dutch Shell PLC detailed a first-of-a-kind shareholder vote over its pivot away from oil, asking investors to endorse its energy transition strategy in a nonbinding vote next month.

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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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