Demopolis, Alabama lock to open 30 May: Corps

  • Market: Agriculture, Coal, Coking coal, Fertilizers, Freight, Metals, Oil products, Petrochemicals, Petroleum coke
  • 03/04/24

The failed Demopolis Lock near the junction of the Tombigbee and Black Warrior rivers in Alabama is expected to reopen 30 May after repairs, the US Army Corps of Engineers (Corps) said today.

A clearer timeline for the repairs emerged after a more general May timeline finish date indicated in February.

Work on the lock has been ongoing since it collapsed in early January. Debris has been fully removed and the Corps is working on tests for the concrete mixture. Contractors are currently installing anchors and formwork.

The Corps expects concrete placement to start in mid-April and finish before the end of May.

The cost of the project to date surpassed $21mn, and could rise further the Corps said.


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20/05/24

Q&A:Shipping needs cultural shift to decarbonise: Total

Q&A:Shipping needs cultural shift to decarbonise: Total

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But we have seen some good progress from cargo owners who are seeking scope 3 emissions related documents. How does TotalEnergies see marine biodiesel demand moving in the short term? In the short term, there is little incentive for the majority of buyers in the market. This is due to a lack of any regulatory mandates, as well as limited impact from existing regulations such as the IMO's carbon intensity indicator (CII) and the EU's Emissions Trading System (ETS). Despite providing a zero emission factor incentive for biofuels meeting the sustainability criteria under the EU's Renewable Energy Directive (RED), EU ETS is still on a staggered implementation basis beginning with only 40pc this year, rising to 70pc next year and 100pc in 2026. Further, EU ETS prices have been quite low, which also weighed on financial incentives for marine biodiesel. Therefore, many buyers are currently waiting for further incentives and signals from the regulators before purchasing marine biodiesel blends. Another point impacting demand is the current edition of ISO 8217, which does not provide much flexibility when it comes to marine biodiesel blend percentages and specifications. The new 2024 edition will likely provide greater flexibility for blending percentages, as well as a provision for biodiesel that does not meet EN14214 specifications. This will provide greater flexibility from a supply point of view. However, there remains stable demand from buyers who can pass on the extra costs to their customers. And how do you see this demand fluctuating in the medium to long term? If the other alternative marine fuels, such as ammonia and methanol, that are currently being discussed do not develop at the speed necessary to meet the decarbonisation targets, then marine biodiesel demand will likely be firm. Many in the market have voiced concerns regarding biofuel feedstock competition between marine and aviation, ahead of the implementation of sustainable aviation fuel (SAF) mandates in Europe starting next year. With Argus assessments for SAF at much higher levels than marine biodiesel blends, do you think common feedstocks such as used cooking oil (UCO) will get pulled away from maritime and into aviation? With regards to competition among different industries for the same biofuel feedstock, suppliers may channel their feedstock towards aviation fuels due to the higher non-compliance penalties associated with SAF regulations as opposed to those in marine, which would incentivise greater demand for SAF. An area that can be explored for marine is the by-product when producing SAF, which can amount to up to 30pc of the fuel output. This could potentially feed into a marine biodiesel supply pool. 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This database is then accessible and viewable by the buyer, and the supplier could also further deliver a "sustainability information letter" which mirrors the details found in the PoS. It is important for the maritime sector to adopt an electronically traceable system. What role could other types of fuels such as pyrolysis oil potentially play in the maritime sector's decarbonisation targets? We have teams in research and development at TotalEnergies which are studying the potential use of other molecules, including but not limited to pyrolysis oil, for usage in the maritime sector. It may become an alternative option to avoid industry clashes, as pyrolysis oil would not be an attractive option to the aviation sector. We are currently exploring tyre-based pyrolysis oil, but have only started doing so recently so it remains an untapped resource. We need to figure out the correct purification and distillation process to ensure compatibility with marine engines. 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India's JSW Steel to buy coking coal firm in Mozambique


20/05/24
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20/05/24

India's JSW Steel to buy coking coal firm in Mozambique

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India to launch policy to boost critical mineral supply


20/05/24
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20/05/24

India to launch policy to boost critical mineral supply

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Japan’s FEPC calls for clearer nuclear policy stance


20/05/24
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20/05/24

Japan’s FEPC calls for clearer nuclear policy stance

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Australia’s cropping conditions mixed: GPA


20/05/24
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20/05/24

Australia’s cropping conditions mixed: GPA

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