Netherlands 'taking steps' towards new nuclear plants

  • Market: Electricity, Hydrogen
  • 06/13/22

The Dutch government is "taking steps" towards the construction of two new nuclear power plants, according to a national energy system plan outlined last week.

According to the outline published on Friday, a scenario study is being conducted into the relationship between various types of CO2-free capacity and how nuclear energy can be integrated into the Dutch power mix. The study is also looking at the cost efficiency of nuclear energy at the system level and the potential benefits in terms of use of space and infrastructure investments. The outline also says the role that nuclear energy can play in the production of hydrogen will be explored.

The outline states that future domestic capacity will cover "approximately" the Netherlands' direct annual power demand and that given the variable nature of renewable generation, flexibility must increase. The required adjustable generation — which nuclear generation offers, the outline says — would also have to be CO2-free.

The government's coalition agreement at the end of 2021 stated that the country would aim to build two nuclear reactors after 2030 and extend the lifespan of the only active reactor, the 485MW Borssele plant. Nuclear output from Borssele has averaged just over 414MW in 2022, around the same as in 2021,when it averaged 412MW.

Onshore and offshore wind output has risen by an average of 177.29MW and 282.72MW, respectively, on the year in 2022. The government last week announced tenders for six new offshore wind farms totalling 10.7GW to be held in 2025-27, with the view to launching them in 2029-31.


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02/21/24

Japan sees potential for increased summer power demand

Japan sees potential for increased summer power demand

Tokyo, 21 February (Argus) — Reduced nuclear availability and firm electricity demand in Japan is lifting the potential for increased consumption of thermal power generation fuels this summer. The Japan Meteorological Agency forecasts a 50-70pc probability of temperatures during June-August 2024 rising above the 30-year average in all parts of Japan. Average temperatures in Japan's major cities, such as Tokyo, Osaka and Nagoya, during June-August 2023 were higher than the long-term average. This implies that the country is likely to face similar summer temperatures as last year. Nuclear power output is projected to fall and boost the country's thermal power demand during summer. The operating capacity of nuclear power plants could fall to an average of 7,562MW during June-August from average actual operating capacity of 9,563MW in the same period in 2023, according to Argus calculations based on data from Japan's Agency for Natural Resources and Energy and notices on the Japan Electric Power Exchange website. Hotter weather across the country in 2023 failed to lift thermal fuel demand, with power demand in Japan's 10 service areas averaging 104.3GW for June-August, down by 1.2pc from the same period a year earlier, according to nationwide transmission system operator the Organisation for Cross-regional Co-ordination of Transmission Operators. The rainy season normally boosts electricity demand but sunlight hours were unusually longer in 2023 compared with 2022 that capped power use in June and July, as it boosted solar power generation to 4,645GWh in from 4,320GWh in the same period in 2022. Continued energy saving efforts also helped to cut electricity use. Japan's LNG consumption for power generation totalled 9.8mn t during June-August 2023, according to the trade and industry ministry. Coal use totalled 26.5mn t, while oil consumption — including fuel oil, diesel and crude — was 57,651 b/d. LPG use was 6,014t. By Nanami Oki and Reina Maeda Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Rio Tinto signs new power deal for Australian aluminium


02/21/24
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02/21/24

Rio Tinto signs new power deal for Australian aluminium

Sydney, 21 February (Argus) — UK-Australian mining firm Rio Tinto has announced a second major power purchase agreement (PPA) for the supply of renewable electricity to its Gladstone aluminium operations in Australia's Queensland state. Rio Tinto in the 25-year deal will buy 80pc of the output from renewable developer Windlab's planned 1.4GW Bungaban wind project, which is currently in an early development stage 290km southwest of Gladstone. Construction is expected to start in late 2025 depending on development and grid connection approvals. The wind farm could start generating electricity by 2029, Rio Tinto said on 21 February. This is the second PPA signed for its Gladstone aluminium, following last month's 25-year deal with Danish renewable energy firm European Energy for the purchase of all the output from the 1.1GW Upper Calliope solar photovoltaic project , the largest solar farm planned in Australia. Rio Tinto said the combined 2.2GW of renewable power under the two PPAs has the potential to cut its carbon dioxide (CO2) emissions by 5mn t/yr, helping a goal of halving its global scope 1 and 2 greenhouse gas emissions by 2030 from 2018 levels. Supplies in the Bungaban wind deal, the largest PPA signed in Australia, represent a reduction of around 3.2mn t/yr of CO2 emissions. "If combined with more renewable power and suitable firming, transmission and industrial policy, the Bungaban and Upper Calliope PPAs could also provide the core of a solution to repower Rio Tinto's three Gladstone production assets," it said. The company needs around 4GW of solar and wind capacity , or the equivalent of over 1GW of base-load generation capacity, to power its Boyne aluminium smelter and the Yarwun and Queensland alumina refineries in Gladstone. Rio Tinto reported 142 petajoules of global renewable energy use in 2022, with its global scope 1 and 2 emissions falling to 30.3mn t CO2 equivalent (CO2e) from 31mn t CO2e in 2021 and 33.7mn t CO2e in 2018. The aluminium business represented the highest volume in 2022 at 21.1mn t CO2e, with Australia overall at 18.2mn t CO2e of the total. By Juan Weik Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Italian energy group Enel unions to strike on 4 March


02/20/24
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02/20/24

Italian energy group Enel unions to strike on 4 March

London, 20 February (Argus) — Three Italian unions representing employees of energy group Enel will go on strike on 4 March, likely affecting the company's power generation and distribution business. Italian energy-sector unions Filctem, Flaei and Uiltec have announced a general strike by all Enel employees, targeting the company's renewable generation and distribution facilities. The planned action will comprise work bans, stoppages and refusals to perform tasks. Walkouts at Enel's thermal plants will be announced following a schedule that will shut down all facilities in March, the unions said. The unions have also declared a halt to overtime work and temporary changes to work schedules from 24 February-24 March. Minimum service requirements will be maintained in accordance with national strike regulations. Enel is Italy's largest electricity producer and distributor, operating about 11.7GW of thermal and 14.6GW of renewable capacity. The strike action comes in response to Enel's plans to block new-hires for the next three years, reduce working flexibility, outsource core activities and disinvest from renewable energy. The measures are part of Enel's pledge to reduce its debts by cutting costs by €1.2bn over the next three years. Union representatives said the debt-cutting measures risk reducing Enel's electricity output and distribution capabilities and they "seriously question" the company's ability to maintain hydropower and geothermal assets. Enel's net debt stood at about €61bn at the end of November last year, with the group aiming to reduce this figure to €50bn-51bn by the end of this year. By Timothy Santonastaso Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Marine fuel global weekly market update


02/20/24
News
02/20/24

Marine fuel global weekly market update

New York, 20 February (Argus) — A weekly Argus news digest of interest to the conventional and alternative marine fuel markets. To speak to our team about accessing the stories below and access to Argus Marine Fuels , please contact marinefuels@argusmedia.com. Alternative marine fuels 16 February CMA CGM takes first of 10 LNG-fueled vessels France-based shipping company CMA CGM will take delivery of the first of a series of 10 LNG-fueled container ships this month. 16 February Egypt to load 8-10 more LNG cargoes by end-winter: Eni Egypt could load 8-10 more LNG cargoes "before the end of the winter season", Eni said today. 16 February South Korean refiners opt to co-process biofuels A lack of regional mandates and retreating European demand for hydrotreated biofuels this year has pushed back timelines for new capacity start-ups in Asia-Pacific, driving South Korean refiners to favour co-processing rather than standalone biofuel plants. 15 February WSC proposes fossil-green fuel price gap close The World Shipping Council (WSC) proposed a green balance mechanism to close the price gap between conventional and sustainable marine fuels. 15 February Singapore LNG bunker sales at 5-month high Singapore LNG bunker sales reached a five-month high in January, according to data from Maritime & Port Authority of Singapore (MPA), driven by competitive prices compared with conventional marine fuel. 15 February Lake Charles Methanol to build $3.2bn low-CO2 plant Lake Charles Methanol II announced plans to build a $3.2bn plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles. 15 February Singapore LNG bunker sales at 5-month high Singapore LNG bunker sales reached a five-month high in January, according to data from Maritime & Port Authority of Singapore (MPA), driven by competitive prices compared with conventional marine fuel. 15 February Maritime sector most promising for H2 in transport: HE The maritime sector provides most opportunities for use of hydrogen-based synthetic fuels in the transport sector, according to a survey carried out by industry body Hydrogen Europe. 15 February JBS says its B100 biodiesel has same yield as diesel Global meat producer JBS said that its 100pc biodiesel fuel (B100) — unblended biodiesel — has an energy efficiency equivalent to diesel and emits up to 80pc less carbon dioxide, based on tests on one of its trucks. 15 February Off-spec bio-blends widen pricing spread The range of prices for marine biodiesel blends in Europe has widened as cheaper product that does not meet the region's diesel engine specifications — as defined by the European EN14214 standard — gains market share. 15 February China turns to domestic ammonia output boost Increased domestic production capacity and weaker downstream industrial demand has the potential to weigh on China's ammonia imports this year. 15 February Mabanaft to build green methanol plant in Australia Hamburg-based Mabanaft has received approval to build a new green methanol plant in Port Augusta, located in southern Australia. 14 February Emerging LNG markets to absorb extra supply: Shell Emerging gas markets in China, southeast and south Asia will absorb much of the increase in LNG supply for the rest of this and the next decade, having been constrained by high prices in 2022-23, Shell said in its global LNG outlook, published today. 14 February Avoid offsets, ETS for carbon removals: Study Carbon dioxide removal (CDR) activities should be promoted for the "right reasons" and at the "right scale", and should not be financed through carbon offset credits or included in emissions trading systems (ETS), according to a recent study by the Institute for Responsible Carbon Removal at American University. 14 February Indonesia ammonia production at risk of curtailments Indonesian ammonia producers could be forced to consider production curtailments or outages if southeast Asian loading prices fall much further. 14 February More than 100 US biogas plants to start up in 2024 The American Biogas Council said 96 new biogas projects with a combined production capacity of 66,000 ft³/minute (9.82bn m³/yr) became operational in the US in 2023. It expects over 100 more to start up this year and said output from these will mostly be used for transportation fuel instead of power production. 14 February Chinese yard advances 271,000m³ LNG carrier orders French engineering firm Gaztransport and Technigaz (GTT) has received an order for eight 271,000m³ LNG tanks from a Chinese shipyard, with delivery of the vessels to be fitted with the tanks scheduled between the second quarter of 2028 and fourth quarter of 2029, GTT said. 14 February SE Asian UCO sees limited hit from US fast-food boycott A consumer boycott on US fast food outlets in support of Palestine is affecting some Indonesian and Malaysian used cooking oil (UCO) supplies, but market participants said the overall impact should be limited. 13 February Carnival commissions new LNG-fueled vessel US cruise ship operator Carnival has ordered a newbuild dual-fuel LNG-powered vessel for delivery in spring 2027. 13 February US House readies vote to end LNG review pause President Joe Biden's temporary pause on the review of new US LNG export facilities could face its first congressional test with a vote on a Republican-backed bill that would eliminate federal licensing of those projects. 13 February LNG carrier declares for Greece's Alexandroupolis The TotalEnergies-chartered 174,000m³ Gaslog Hong Kong has declared for arrival at Greece's new 4.3mn t/yr Alexandroupolis import terminal on 15 February, and could deliver the facility's first cargo. 13 February EU hydrogen plan relies on uncertain imports: T&E The EU should not rely on uncertain imports to meet its overly-ambitious hydrogen targets, says a study commissioned by the Brussels-based climate group Transport & Environment (T&E). 12 February Red Sea issues impact European methanol, derivatives Volatility in shipping markets following attacks in the Red Sea is impacting Europe's methanol market indirectly through higher freight rates and has directly impacted European derivative markets, as a result of reduced vessel availability and rerouting. 12 February Qatar taps Nakilat for second phase LNG fleet expansion State-owned QatarEnergy has selected Qatari state-controlled shipowner Nakilat for the ownership and operation of 25 174,000m³ LNG carriers, to be built at an unnamed shipyard in South Korea. 12 February SBTi validates Maersk's GHG emission reduction targets Danish shipping firm Moller-Maersk has become the first company to have its greenhouse gas (GHG) emissions targets validated under new maritime guidance from the UN-backed Science Based Targets initiative (SBTi). 12 February Spanish independent biodiesel producers under pressure Smaller Spanish biodiesel producers remain under pressure from thin margins that are cutting profits and shutting in some output. They are not being supported by domestic demand, which fell to a seven-year low in 2023. 12 February Mabanaft to apply for ammonia import terminal permit German energy trading firm Mabanaft expects to submit a permit application for its planned 1.2mn t/yr ammonia import terminal at Hamburg in the spring of this year. Alternative marine fuels 16 February Fujairah bunker premiums weaken as ships reroute Delivered bunker premiums have fallen in Fujairah, UAE, the world's third largest bunkering centre. Demand has weakened in recent weeks as a result of route diversions, stemming from the tense security situation in the Red Sea. 16 February US Gulf coast fuel oil spreads widest in 11 months Sulphur spreads between US Gulf coast residual fuel oil grades have reached the widest in 11 months, but that could change as refinery turnarounds likely wind down by late February or early March. 16 February Brazil's Paranagua cargo handling rises in January Cargo handling in Brazil's southern Paranagua and Antonina ports increased by 20pc in January from the same month last year, driven by higher exports and imports. 16 February Brazil's Paranagua port seeks to reach net zero by 2035 Brazil's port of Paranagua is working on a decarbonization plan for delivery by the end of 2026 to help it reach net zero balance greenhouse gas (GHG) emissions by 2035 by developing renewable energy sources such as biogas and hydrogen. 16 February Tanker targeted in Red Sea A Panama-flagged tanker was targeted by a missile in the Red Sea today around 72 miles northwest of Mokha, Yemen, according to security firm Ambrey. 16 February Japan's NYK taps demand for chemical tankers Japanese shipping company Nippon Yusen Kaisha (NYK Line) plans to receive six chemical tankers from late 2026 to 2029, in anticipation of potential demand growth for petrochemical products. 15 February Upper Mississippi ice report canceled on warm weather An annual government ice measurement program for shipping on the upper Mississippi River was canceled this year because of unseasonably warm weather. 15 February Scorpio Tankers upbeat on clean tanker rates New York-listed Scorpio Tankers said it expects strong market fundamentals to keep clean tanker freight rates elevated, even if disruptions to trade flows dissipate. 15 February Magellan Corpus Christi terminal doing maintenance US crude and refined products pipeline operator Magellan Midstream reported maintenance at its Corpus Christi, Texas, marine terminal. 15 February ARA oil products stocks increase on weaker demand Independently-held oil product stocks at the Amsterdam-Rotterdam-Antwerp (ARA) trading hub hit their highest since mid-August, reaching 5.67mn t in the week to 14 February, according to consultancy Insights Global, as demand in the region slowed down. 15 February Panama Canal freezes customer priority ranking The Panama Canal Authority (ACP) will freeze its customer priority ranking used to secure transit slots while temporary water-saving measures remain in place. 15 February Singapore's oil product stocks inch higher Singapore's overall oil product inventories inched upwards, driven by a surge in middle distillate imports, despite both light and heavy distillate stocks falling close to a 2½ month low, showed latest data from Enterprise Singapore. 14 February Petrobras working to rebuy refinery: CEO Brazil's state-controlled Petrobras is in talks with Abu Dhabi's Mubadala to buy the 300,000 b/d Mataripe refinery back, Petrobras' chief executive Jean Paul Prates said on social media. 14 February HSFO Med/NWE spread reaches near seven-month high High-sulphur bunker fuel in the west Mediterranean moved to its strongest premium to northwest Europe this week as attacks by Houthi rebels squeeze supply. 14 February Vitol can do with Saras what Saras cannot do alone Vitol's takeover of Italian independent refiner Saras, set in motion this week, could turn the latter into a specialised tool within the trading company's diverse business, while giving it a stronger footing to compete with rival Trafigura in Mediterranean oil markets. 14 February South Korea lifts 2023 light distillates output South Korean refiners increased light distillates production in 2023, while gasoil output fell. 13 February BP terminals low on fuel due to Whiting refinery outage BP told wholesale fuel customers it is buying refined products on the market to meet contractual obligations amid the continuing outage of its 435,000 b/d Whiting, Indiana, refinery. 13 February Outages hit Ecuador's 2023 refinery production Ecuador's three oil refineries of Esmeraldas, La Libertad and Shushufindi processed an average 146,235 b/d of crude in 2023, down by 5.3pc compared with the previous year, according to operator state-owned Petroecuador's data. 13 February Japan's bonded marine fuel sales fall in 2023 Japan sold less bonded marine fuel in 2023 compared with a year earlier, pressured by limited supply from domestic refineries owing to a series of disruptions. 12 February Suriname refinery undergoing 7-week turnaround Suriname's state-owned oil company Staatsolie's 15,000 b/d Tout Lui Faut refinery will undergo a seven-week turnaround starting on 16 February, Staatsolie said. 12 February US refiners shrug off dip in earnings US refiners' fourth-quarter financial results so far reveal a dip in earnings from the bumper profits of 2022, but the sector remains on a profitable footing and confident. 12 February India's MRPL plans refinery maintenance in Aug-Sep Indian state-controlled refiner MRPL plans to conduct a maintenance turnaround at one unit of its 311,000 b/d Mangalore refinery for around three weeks during August-September, a top official from the company told Argus. 12 February Atlantic basin diesel faces tight spring European diesel markets could be facing a tight spring as refinery maintenance and disruptions in the Red Sea make resupply difficult and expensive. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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EU industry leaders want support for green shift


02/20/24
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02/20/24

EU industry leaders want support for green shift

London, 20 February (Argus) — A group of over 70 industry leaders today called for a competition-based deal to ensure the bloc's industry can continue competing globally while implementing the EU's green deal. The green deal aims to cut greenhouse gas emissions by 55pc by 2030, compared with a 1990 baseline. Among 10 points listed in a declaration signed in Antwerp, Belgium, industry leaders called for streamlined legislation, simplified state aid rules and a "new spirit of law-making" to incentivise investment as well as "cohesive" policy implementation. The signatories came from various sectors, including steel, chemicals, paper, mining, glass, metals, refineries, cement, fertilisers and industrial gases. Energy costs in Europe are "too high to compete", driven not only by commodity prices, but also by regulatory charges, according to the signatories. The next European Commission leadership needs to prioritise new projects for "abundant and affordable low-carbon renewable and nuclear energy" as well as grid expansion for hydrogen and other renewables, according to industry leaders. "Climate neutrality cannot be met without renewable liquid fuels and products," according to Liana Gouta, director-general of refiners' association FuelsEurope. "These renewable fuels and products should be produced in Europe." Gouta called for an EU strategy for the transition of liquid fuels and products to help shift industry from fossil fuels to renewable fuels and products. "We want to avoid dependence on third countries, de-industrialisation," director-general of steel association Eurofer Axel Eggert said. Eggert also called for a robust trade policy to ensure a level playing field. The declaration is timed ahead of EU elections in June that will see a newly-constituted European Parliament and new European Commission. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.