Generic Hero BannerGeneric Hero Banner
Latest market news

Japan's firms to cut CO2 emissions at Cirebon plant

  • Market: Biomass, Electricity, Emissions, Fertilizers
  • 21/10/25

Japan's largest power producer by capacity Jera and trading house Marubeni plan to reduce CO2 emissions at the 1GW No.2 unit of the Cirebon coal-fired power generation plant in Indonesia.

Jera and Marubeni agreed on 3 October to study decarbonisation measures for the Cirebon No.2 unit with Indonesian state-owned power utility PLN, as part of the third ministerial-level meeting of the Japan-led decarbonisation platform Asia Zero Emission Community (Azec), Jera told Argus on 21 October. Cirebon Electric Power, the power plant operating firm funded by Jera, Marubeni, as well as other Indonesian and South Korean companies, and PLN are considering exploring potential implementation of decarbonisation measures like biomass co-firing, ammonia co-firing, and carbon capture and storage or carbon capture, use and storage. Jera is unsure which measure has the most potential.

The firms plan to conduct research for the next two years. But the schedule after 2027 and details of its CO2 reduction goal are not clear.

The No.2 Cirebon unit, which is equipped with an ultra-supercritical generator — a piece of advanced technology to improve power generation efficiency — started its operations in May 2023. It consumed coal from Indonesia.

The 660MW No.1 Cirebon coal-fired power generation unit may be retired early with the Indonesian government's push. Jakarta is aiming to remove up to 6.7GW of coal-fired generation capacity by 2040 and to completely remove coal-fired power plants from its overall generation mix by 2058, in pursuit of its net zero target by 2060.

The Japanese government is eager to promote both economic growth and decarbonisation in Asia-Pacific countries, instead of focusing only on decarbonisation. The ministerial-level meeting concluded with a joint statement reaffirming Azec's "one goal, various pathways" approach, which recognises country-specific decarbonisation strategies. It also endorsed a "triple breakthrough" framework aimed at achieving climate mitigation, inclusive growth and energy security.


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
15/11/25

US lifts tariffs on most fertilizer imports: Update

US lifts tariffs on most fertilizer imports: Update

Adds detail on the lack of full exemption status for ammonia and recent Nola urea futures trade Houston, 14 November (Argus) — US president Donald Trump said today key nitrogen and phosphate fertilizers, among other agricultural products , are exempt from US import tariffs that were implemented in April, but ammonia's status under the tariff modification remains unclear. After just seven months in place, tariffs that have curbed imports to US shores and elevated the price of fertilizers have been lifted, according to a modification to Executive Order 14257 issued by the White House today. Fertilizers exempted from the tariffs include urea, ammonium nitrate, UAN, ammonium sulfate, TSP, DAP and MAP. Ammonia could qualify for tariff exemptions, but eligibility will be determined on a case-by-case basis by the secretary of commerce and the US Trade Representative, depending on the terms of existing or ongoing trade negotiations with each country. Potassium fertilizers like MOP were already exempt from import tariffs. The modification to the tariffs went into effect for goods imported starting 13 November. January Nola urea futures traded down roughly $30/st late Friday afternoon to $360/st fob following the announcement, but otherwise activity was largely subdued given the modifications' proximity to the weekend. Fertilizer values will likely begin to price-in the change in trade policy starting Monday. Most fertilizer exporting countries, except for Russia , faced tariff rates of 10-15pc, with some suppliers even facing up to 30pc tariffs, resulting in major shifts in fertilizer trade. Exporters have avoided the US, favoring alternative destinations for their supply. But trade flows could normalize now that fertilizers are now tariff-free. The tariffs have contributed to eroding fertilizer affordability relative to crop prices in the US this year, driving fertilizer prices to multi-year highs and significantly curbing demand for nutrients across the country. Lower cost imports could help unwind farmer reluctance to enter the market leading up to the spring season in 2026. The announcement should provide importers and distributors with some certainty headed into next spring after months of being kept on edge by shifting US trade policy. By Calder Jett and Sneha Kumar Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Find out more
News

US lifts tariffs on fertilizer imports


14/11/25
News
14/11/25

US lifts tariffs on fertilizer imports

Houston, 14 November (Argus) — US president Donald Trump said today key nitrogen and phosphate fertilizers, among other agricultural products, are exempt from US import tariffs that were implemented in April. After just seven months in place, tariffs that have curbed imports to US shores and elevated the price of key fertilizers have been lifted, according to a modification to Executive Order 14257 issued by the White House today. Fertilizers exempted from the tariffs include ammonia, urea, ammonium nitrate, UAN, ammonium sulfate, DAP and MAP. Potassium fertilizers like MOP were already exempt from import tariffs. The modification to the tariffs will go into effect for goods imported starting 13 November. Most fertilizer exporting countries, except for Russia , faced tariff rates of 10-15pc, with some suppliers even facing up to 30pc tariffs, resulting in major shifts in fertilizer trade. Exporters have avoided the US, favoring alternative destinations for their supply. But trade flows could normalize now that fertilizers are now tariff-free. The tariffs have contributed to eroding fertilizer affordability relative to crop prices in the US this year, driving fertilizer prices to multi-year highs and significantly curbing demand for nutrients across the country. Lower cost imports could help unwind farmer reluctance to enter the market leading up to the spring season in 2026. By Calder Jett and Sneha Kumar Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Cop: 10 countries pledge to align transport with 1.5ºC


14/11/25
News
14/11/25

Cop: 10 countries pledge to align transport with 1.5ºC

Belem, 14 November (Argus) — A group of 10 countries led by Chile called for a global effort to cut energy demand from the transport sector by 25pc by 2035, aligning it with the Paris Agreement goal of limiting global warming to 1.5°C above pre-industrial levels. The coalition was formed at the UN Cop 30 climate summit, which is underway in Belem, northern Brazil. Brazil, Colombia, Costa Rica, the Dominican Republic, Honduras, Norway, Portugal, Slovenia and Spain are the other signatory countries so far. "We are committed to making transport a key pillar of climate action, agreeing a shared framework for resilient and low emissions transport systems", Chile's transport minister Carlos Abogabir told journalists at Cop 30. Cutting energy demand from transport — the second-largest emitting sector — allows for "a clear measurable direction towards a net zero scenario in the transport sector in 2050", he added. Chile is a natural leader for the coalition as it is a global leader in efforts to electrify its public transport fleet. The country's capital Santiago is the city with most electric buses outside of China, Abogabir said. It had around 3,000 electric buses in 2024, according to a report by Agora Verkehrswende, a non-governmental organisation focused on climate neutrality in transport. But it will have 4,400 by March, Abogabir added. The coalition will now work to create a roadmap to reach the pledge's goal and measure progress for future Cops, according to Slocat, a global partnership that promotes sustainable, low-carbon transport. Sustainable fuels, renewable sources Although the pledge will heavily rely on electrification, it also calls on countries to shift one-third of energy powering transport to sustainable biofuels and renewable sources. Brazil is the second-biggest biofuel producer globally, trailing only behind the US. But it will consider any route that both decarbonizes its fleet and drives national industry, Brazilian minister of cities Jader Barbalho Filho told Argus , mentioning specifically liquid nitrogen and biomethane. Including existing and expected projects, Brazil could have 2.4mn m³/d of biomethane capacity by 2027, data from hydrocarbons regulator ANP show. The shift to sustainable biofuels and renewables sources plays well into Brazil's Belem 4x pledge , which calls for a global effort to quadruple global output and use of sustainable fuels by 2035, Filho added. "The Chilean government looked for us [to present the transport pledge] exactly because we already have [Belem 4x]", he said. The Belem 4x pledge now has 23 country signatories, Cop 30 chief executive Ana Toni said today. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

More oil, gas firms have emissions action plans: OGDC


14/11/25
News
14/11/25

More oil, gas firms have emissions action plans: OGDC

London, 14 November (Argus) — Oil and gas firms that are signatories to the Oil and Gas Decarbonisation Charter (OGDC) have increasingly set out plans to address their operational emissions, methane emissions and flaring, a report from the OGDC said today. Of the companies signed up to the charter in 2024, 36 reported having "interim action plans" for scope 1 and 2 emissions reductions for 2030, 31 reported that they had methane action plans and 33 reported having flaring action plans — up from 31, 20 and 22, respectively, in 2023. Of the signatories, 36 have third-party verification systems in place, the report found. The charter was signed at Cop 28 in 2023 and now has 55 signatories, representing around 40pc of global oil production and around 35pc of global oil and gas output. Of the signatory companies, around two-thirds are state-owned. OGDC signatories produced nearly 59mn b/d of oil equivalent (boe/d) in 2024. The OGDC estimated that total operated scope 1 and 2 emissions for all charter signatories stood at around 1bn t/CO2 equivalent (CO2e) in 2024. The estimate was based on submissions for operated scope 1 and 2 emissions from 41 signatories, which totalled just above 800mn t/CO2e in 2024. Scope 1 and 2 emissions usually make up a minority of oil and gas producers' total emissions. But scope 3, or end-use, emissions represent the vast majority of oil and gas producer emissions, with estimates in the range of 80-95pc of the total. A report from a group of more than 130 scientists on 13 November found that emissions from fossil fuels are projected to reach a record high of 38.1bn t/CO2 this year. Global emissions from "human activities" stood at 53.2bn t/CO2 equivalent (CO2e) in 2024, without factoring in emissions from land use, land use change and forestry, the EU's Edgar programme found in September. Charter signatories invested around $32bn in "low-carbon solutions" which include renewables, carbon capture, hydrogen and "low-carbon fuels" in 2024, according to the report. Signatories agree to aim for net zero operations by 2050, "near-zero upstream methane emissions" by 2030, zero routine flaring by 2030 and to "set and share" a 2030 goal for scope 1 and 2 emissions. TotalEnergies, a signatory to the charter, today committed $100mn to a fund which supports technologies to cut emissions "across the oil and gas value chain". The fund — Climate Investment — is partnered with the charter and will help signatories "on their decarbonisation path", within the charter's scope, TotalEnergies said. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Norway confident power Norgepris is EEA compliant


14/11/25
News
14/11/25

Norway confident power Norgepris is EEA compliant

London, 14 November (Argus) — Norway's energy ministry is confident that its fixed price for electricity scheme — Norgepris — complies with its European Economic Area (EEA) obligations and is not "subject to notification" to the European Surveillance Authority (ESA) for review, it told Argus . Norway is currently responding to questions submitted by the ESA — a body responsible for ensuring compliance with the rules governing the EU's European Free Trade Association (EFTA) — in October. It confirmed that it will respond in full by 15 December. The questions also detail ESA's view that the scheme should have been notified for review to measure its effect on national and international market competition, in line with Article 3 of the Electricity Directive, as stated in a letter ESA shared with Argus . The energy ministry has since "had a constructive meeting with ESA", during which it made clear that it considers Norgepris "to be fully in line with [its] EEA obligations", the ministry's state secretary Marte Grindaker told Argus . Norgepris has been adopted by more than 1mn electricity meters since its launch in October, representing around 35pc of homes and 48pc of holiday homes. That share increases in Norway's most expensive power areas, up to 43pc in NO1 and 58pc in NO2. And two NO2 communes — Bykle and Aseral — registered sign-up rates of above 80pc. Norgepris consumers increased their power consumption by 3.8pc on the year in October, while demand from consumers retaining regular tariffs increased by just 1.7pc, according to distribution system operator Elvia data. Despite Norgepris consumers outpacing their regular tariff counterparts, the ministry maintains that "it is too early to draw conclusions from the consumption data", Grindaker told Argus , noting that the "household consumption in question represents only a limited share of total national electricity use". Total electricity use from households reached 3.3TWh last month, up by 1.9pc, representing 30pc of all consumption, according to data from Statistics Norway. By Daniel Craig Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more