Crane barge arriving at Baltimore bridge tonight

  • Spanish Market: Agriculture, Coal, Coking coal, Fertilizers, Freight, Metals, Oil products, Petroleum coke
  • 28/03/24

The first major piece of equipment capable of beginning to clear the blocked Port of Baltimore, Maryland, is expected to arrive onsite tonight.

The Chesapeake 1000 crane barge, capable of lifting 1,000 short tons with its a 231ft-long boom, is expected to arrive at the site of the collapsed Francis Scott Key Bridge near Baltimore at 11pm ET on 28 March, the US Coast Guard (USCG) told Argus.

Both the crane and the tug pulling it, Atlantic Enterprise, are owned by Donjon Marine. It is currently the only crane on route to the collapsed bridge, the USCG said.

There is no official timetable for the reopening of the port after the Interstate 695 highway bridge over the Patapsco River was hit in the early hours of 26 March by a container ship and collapsed, with the debris and ship blocking the waterway.

The operator of the ship, Maersk, has contracted with marine salvage company Resolve Marine to refloat the vessel and remove it from the area, according to the USCG. It is not clear who has contracted for the Chesapeake 1000.

Despite the inbound crane, it could take weeks or even months to clear debris and reopen the waterway under the collapsed bridge according to a engineering professor at the nearby Johns Hopkins University.


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13/05/24

German heating oil demand surges as diesel declines

German heating oil demand surges as diesel declines

Hamburg, 13 May (Argus) — German heating oil sales have hit their highest weekly level this year on the back of falling prices and low household stocks. Daily average traded volumes rose by 45pc last week compared with the previous week, with increases in all regions. Lower prices are the main reason for the growth in demand. The average cost of heating oil in Germany was around €79.30/100 litres last week, the lowest since the start of the year. A significant factor behind the low heating oil price is a drop in the value of Ice gasoil futures, which has been driven by a diesel surplus in Europe. Low household stocks are also supporting German heating oil demand. Stocks reached a year-to-date low at the start of May, as in previous years, Argus MDX data shows. In contrast, German diesel sales dropped slightly last week, as an uptick in demand from the agriculture sector was offset by lower-than-expected demand from industry and logistics. There have been some tentative signs of economic recovery that may support diesel demand. Mileage of trucks on German motorways was up on the year in April and 1pc higher than in March, data from the federal statistical office Destatis show. This was the first year-on-year increase since August 2022. Construction activity in Germany rose by 3.9pc in January-March compared with the final quarter of 2023. By Johannes Guhlke Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

India’s NTPC tests 20pc torrefied biomass co-firing


13/05/24
13/05/24

India’s NTPC tests 20pc torrefied biomass co-firing

Singapore, 13 May (Argus) — India's state-owned generator NTPC has demonstrated 20pc torrefied biomass-coal co-firing at a 110MW unit at its Tanda power plant in the northern state of Uttar Pradesh. The test was part of NTPC's efforts to expand biomass co-firing across its coal-fired fleet as it aims to lower emissions. Each percentage point of biomass co-firing has the potential to reduce carbon emissions by approximately the same percentage, while also helping in mitigating air pollution caused by direct burning of agricultural waste in farmlands, NTPC said. The generator currently conducts 7-10pc non-torrefied biomass co-firing at NTPC's Dadri power plant, near Delhi. Torrefied biomass was found suitable for higher co-firing percentages without significant system modifications, NTPC said. The torrefied biomass was produced by heating biomass in the absence of oxygen to exhibit characteristics akin to high-quality coal. The gross calorific value and cost of torrefied biomass pellets were currently equivalent to imported coal, it added. Costs could be reduced with the maturity of technology and market in the long run, NTPC said. India's push to cut coal reliance NTPC's efforts are part of India's broader goal of cutting emissions as the country aims to trim reliance on coal in the coming years and attain net zero by 2070. Delhi had initially asked Indian utilities to adopt co-firing of at least 5pc biomass pellets by October 2022. But only a fraction of utilities followed the directives, which eventually prompted the federal power ministry to review the biomass co-firing policy. The ministry amended the policy in June last year and delayed the start date of co-firing, asking all coal-based thermal power plants with bowl mills to use a minimum 5pc blend of biomass pellets made primarily from agricultural residue, with effect from the start of India's 2024-25 fiscal year on 1 April. The threshold would increase to 7pc from the start of 2025-26, the ministry said. Plants with ball and race mills should co-fire the same percentages of torrefied biomass pellets made from agricultural residue during the same time frame, it said. India has surplus biomass supplies of about 230mn t/yr, largely from agricultural residue, the power ministry previously said. NTPC tenders NTPC has awarded biomass supply contracts totalling about 5.2mn t for 20 power plants operated by NTPC, and a joint venture plant. Out of which, it has so far co-fired 316,657t of biomass pellets at 13 NTPC power plants and at the joint venture plant. The generator is setting up biomass pellet plants at various locations to ensure a steady supply of pellets for co-firing. It has set up a 22 t/d non torrefied pellet plant at Lehra Mohabbat, Bhatinda in Punjab state. It is building a 100 t/d torrefied and 100 t/d non-torrefied pellet plant at joint ventureAravali Power's Jhajjar plant. It is also building a 50 t/d non-torrefied pellet plant at the Dadri plant. By Saurabh Chaturvedi Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

China, US pledge joint methane action at climate talks


13/05/24
13/05/24

China, US pledge joint methane action at climate talks

San Francisco, 13 May (Argus) — The US and China have pledged to further co-operate on methane reduction, among other topics, following a first meeting between the countries' new climate envoys in Washington during 8-9 May. The meeting follows video conferencing between the two sides in January under their "working group on enhancing climate action in the 2020s" initiative. China and the US reaffirmed their 2021 agreement to co-operate on reducing carbon emissions in the power generation sector, cutting methane emissions and boosting renewable energy in the " Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis " last November in San Francisco. China confirmed the appointment of Liu Zhenmin to replace Xie Zhenhua as the country's climate advsior in January. Liu's US counterpart John Podesta replaced John Kerry in January. Liu and Podesta discussed co-operation "on multilateral issues related to promoting a successful COP 29 in Baku, Azerbaijan" at the latest talks, the US state department said on 10 May. They also discussed issues identified in the Sunnylands statement, including energy transition, methane and other non-CO2 greenhouse gases, the circular economy and resource efficiency, deforestation,as well as low-carbon and sustainable provinces, states and cities. They plan to co-host a second event on reducing methane and other non-CO2 greenhouse gases in Baku and "conduct capacity building on deploying abatement technologies". It remains to be seen how the two new climate advisors will bring the two countries closer in climate negotiations. The Sunnylands statement and the close relationship of their predecessors were instrumental in bringing consensus at last year's Cop 28 UN climate summit in Dubai. China released a much anticipated methane plan last November, although Xie has flagged challenges with data monitoring in the sector. But China and the US have agreed to develop and improve monitoring to "achieve significant methane emissions control and reductions in the 2020s". China has also not signed on to the Global Methane Pledge to cut methane emissions by 30pc by 2030, from 2020 levels. The country's emissions may also rise more than expected after it redefined its meaning of energy intensity, according to the Helsinki-based Centre for Research on Energy and Clean Air. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

California refineries required to report turnarounds


10/05/24
10/05/24

California refineries required to report turnarounds

Houston, 10 May (Argus) — Refiners in California starting in June must file maintenance schedules with the state's energy commission at least 120 days in advance of planned work, and diagnostic reports within two days of unplanned shutdowns. The new reporting requirements, part of the SB X1-2 bill passed in March 2023, take effect following an 8 May meeting of the California Energy Commission (CEC) where the measures were finalized. The CEC will now be able to gather a broad range of data from refiners and set a maximum gross gasoline refining margin in an effort to avoid price spikes at the pump. If companies identify a need for maintenance less than 120 days before the planned work, a report to the CEC is required within two business days of the discovery, according to the reporting form posted in the SB X1-2 docket. The reporting form includes space for a description of the work, unit level details and information on the expected effect of a turnaround on transportation fuel inventories at the refinery. The same information will be required for unplanned maintenance, with a report to be sent to the CEC within two business days of the initial outage or lowered rates, and within two business days of the completion of work or return to normal throughputs. The additional information will aide the CEC in analyzing refiner margins and determine whether a margin cap and subsequent penalties are warranted, according to the commission. Industry groups think many of the reporting requirements are burdensome and politically motivated , often requesting information unnecessary to determine margins. Marine import reporting on horizon At the same 8 May business meeting, the CEC moved closer to finalizing a requirement for importers of foreign and domestic refined products and renewable fuels to report shipments at least four days before delivery. The reporting form includes information on vessel routes, costs and products shipped. The CEC approved for the marine reporting requirements to be submitted to the state's Office of Administrative Law for a 10-day review before a targeted 20 May start date. By tracking import data, the CEC aims to build a more accurate picture of what drives retail fuel prices and refiner margins in the state. "In many cases these forms request information that has questionable or no relevance at all to the CEC's efforts to minimize or prevent price spikes," said Sophie Ellinghouse, general counsel for trade group the Western States Petroleum Association, during public comments on the marine reporting requirements at the 8 May meeting. By Nathan Risser Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Brazil narrows lower biofuel mix mandate in south


10/05/24
10/05/24

Brazil narrows lower biofuel mix mandate in south

Sao Paulo, 10 May (Argus) — Brazil's oil regulator ANP dialed back the reduced biofuels mandatory blend in Rio Grande do Sul state to four cities amid the recent flooding in the region. Low blending areas now apply only to the cities of Canoas, Esteio, Rio Grande and Santa Maria. The measure will still last for 30 days, starting on 4 May. ANP lowered the anhydrous ethanol blend on gasoline to 21pc from the current 27pc in the entire state earlier this week , while pushing the mandatory biodiesel mix for 10ppm (S10) diesel down to 2pc, from the usual 14pc. The agency also temporarily suspended the blending mandate for diesel with 500ppm of sulfur (S500). ANP said it decreased the exemption's coverage as it identified "that the supply situation in the rest of the state had stabilized." Rainfall in Rio Grande do Sul blocked railways and highways where biofuels are transported to retail hubs. Floods in the state have left at least 116 dead and 143 missing, according to the local government. By Laura Guedes Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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