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Industry News

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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Analysts raise EU carbon price forecasts as gas rally persists

Reuters) - Analysts have raised their European carbon market average price forecasts in response to persistently high gas prices that encourage electricity generators to use more polluting coal-fired power and increase demand for carbon permits.

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White House Unveils Plan to Recruit Truck Drivers

(Transport Topics News) - The Biden administration is launching a multifaceted program in partnership with industry that aims to expand recruiting efforts in trucking through various efforts, and elevate the appeal of what one senior administration official described as "well-paying, solid careers."

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CropLife 100 and Consolidation: 12 Biggest Ag Retail Deals in the Last 5 Years

(Crop Life) - No other factor impacts our CropLife 100 list of the largest U.S. ag retailers quite like consolidation. Whether it's mega mergers such as three cooperatives joining forces to create one top seven agronomy business, or a major acquisition like the perennial number one retailer purchasing the 42nd biggest retailer in the country, consolidation is a constant force that influences the rankings each year.

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U.S. lawmaker introduces bill to eliminate carbon credits for oil recovery

(Reuters) - California lawmaker Ro Khanna introduced a bill into the U.S. House of Representatives on Monday that would prevent investors from securing carbon capture and sequestration tax credits if the carbon is used to boost oil production.

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Rural Bankers: 83% of Farmers in Solid Cash Position

(AG Web) - For 13 straight months, the rural economy has posted healthy and consistent growth. That's according to the December Rural Mainstreet Index (RMI) from Creighton University.

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Reviving Superfund is Popular, but the Cost to Industry is Considerable

(OilMan Magazine) - That '80s Show known as Superfund is back – and it's anything but super for the oil and gas industry. Formally known as the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), the law enacted in December 1980 established an excise tax on a number of the chemicals used in the petroleum and chemical industries. The money collected went into a trust fund – the Superfund – to offset the cost of remediating abandoned or uncontrolled hazardous waste sites.

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Bayer Lets Farmers Measure Carbon Footprint

(Future Farming) - Bayer, Bushel and Amazon Web Services (AWS) unveiled Project Carbonview. It is to enable farmers to report, analyze and better assess their end-to-end supply chain carbon footprint.

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Ocean Shipping Reform Bill Sails to Passage

(Farm Progress) - A massive influx of federal dollars and COVID-19 changing how consumers purchase goods continues to create bottlenecks at the nation's ports that have trickled down to other segments of the supply chain. With foreign shippers refusing to haul U.S. cargo, new legislation hopes to make the Federal Maritime Commission a more effective federal regulator and hold shippers accountable for their actions.

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Coromandel to set up sulfuric acid plant at Visakhapatnam

World Fertilizer) - Coromandel International has announced the project initiation for setting up a new 1650 tpd design capacity sulfuric acid plant at its fertilizer complex in Visakhapatnam, India. The company has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions).

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LG&E fined for releasing sulfuric acid mist from Mill Creek power plant

(WFPL) - Louisville Gas & Electric has agreed to pay a $750,000 dollar penalty for emitting high levels of sulfuric acid mist into communities surrounding the Mill Creek coal-fired power plant in Louisville.

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From the Farm: Adding Sulfur to Soybeans

(WCIA) – As farmers look to get better yields in soybeans, soybean promotion agencies want them to raise soybeans with higher protein content for better livestock performance. But there is a problem with that: with higher yields, protein levels go in the different direction.

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Carbon credits could offer additional cash flow to farming operations

(AG Week) - ARGO, North Dakota -- When farmers and producers think of ways to garner extra cash flow from their operation, many times adding another form of livestock or perhaps another row-crop to their acres is the first thing that comes to mind. However, there is another way agriculturalists can capitalize funds from their operation: by selling carbon credits.

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UK business energy supplier CNG Energy ceases to trade

(Reuters) - British business energy supplier CNG Energy Ltd is ceasing to trade, it said on Wednesday, joining 17 energy suppliers in the country that have gone bust due to high wholesale energy prices since September.

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Several countries pledge to phase out heavily polluting coal -- but U.S and China aren't among them

(CBC) - U.S., China, India and Japan still haven't set a date for ending their dependence on coal. In the fight to curb climate change, several major coal-using nations announced steps Thursday to wean themselves -- at times slowly -- off of the heavily polluting fossil fuel.

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'I'm afraid we're going to have a food crisis': The energy crunch has made fertilizer too expensive to produce, says Yara CEO

(Yahoo) - The world is facing the prospect of a dramatic shortfall in food production as rising energy prices cascade through global agriculture, the CEO of Norwegian fertilizer giant Yara International says.

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MOL and Vale International conduct study on wind-powered bulk carrier

(Dry Bulk) - Mitsui O.S.K. Lines Ltd have announced an agreement with Vale International SA to conduct a joint study on the installation of a wind propulsion system called Rotor Sail on a 200 000-t class in-service bulk carrier, which mainly transports iron ore for steel production.

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Member News

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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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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