07 June 2023 Turkey's Colakoglu readies new slab furnace Turkish steel producer Colakoglu has said its new slab reheating furnace will probably be operational this month, increasing its capacity to produce hot-rolled coils (HRC) by around 100,000t/month to 4.5m t/yr. Filter: Metals Asia-Pacific Middle East More filters
07 June 2023 CO2 removals 'will gravitate towards' Paris Article 6.2 The UNFCCC's sceptical view on technological CO2 removals (CDR) could push developers of CDR-based carbon market projects towards bilateral contracts under Article 6.2 of the Paris climate agreement, and away from the planned UN carbon market mechanism under Article 6.4, a CDR expert has suggested. Filter: Emissions Europe More filters
07 June 2023 CME N.EU HRC volumes soar year on year The CME Group's north European hot-rolled coil (HRC) contract has already traded more volume than January-September last year. Filter: Metals Europe More filters
07 June 2023 Indian imports of US ethane for petchems to expand India's ethane imports from the US are on course to increase significantly in the coming years as new ethane-fed ethylene projects open and existing plants switch from natural gas liquids (NGL) stripped from Mideast Gulf LNG to the US' supply. Filter: LPG/NGL Asia-Pacific More filters
07 June 2023 Nigerian firms to reduce gas flaring, boosting LPG Nigeria's drive to end gas flaring at the same time as foreign upstream operators continue to divest assets in the country is expected to result in increasing LPG production from domestic companies. Filter: LPG/NGL Africa More filters
07 June 2023 India’s EV sales surge in May on looming subsidy cut India's full electric vehicle (EV) sales surged on the month and on the year in May, likely as consumers accelerated purchases given a government subsidy cut for two-wheeler EVs from 1 June. Filter: Emissions Metals Asia-Pacific More filters
07 June 2023 Energy efficiency investment growth slows in 2023: IEA The international energy agency (IEA) is expecting global energy efficiency investment to rise at a slower pace this year, as a result of higher capital costs. Filter: Power Europe More filters
07 June 2023 VLGC owner Avance Gas enters MGC market Oslo-listed shipowner Avance Gas has purchased two newbuild LPG/ammonia vessels and entered the midsize gas carrier (MGC) market. Filter: Fertilizer LPG/NGL More filters
07 June 2023 Japan's Jera completes H2 co-firing gas unit in US Japan's largest power producer by capacity Jera has completed remodeling a gas turbine of the 972MW Linden power plant in the US state of New Jersey, for co-firing hydrogen. Filter: Power Asia-Pacific More filters
07 June 2023 Australia's Viva refinery issue to cut earnings: Update A contractor crane has collapsed at Australian refiner and fuel marketer Viva Energy's Geelong facility in southern Australia, with the firm expecting the incident to lead to losses in refining earnings. Filter: Oil products Asia-Pacific More filters
07 June 2023 India’s Fact buys July-delivery sulphuric acid Indian fertilizer producer Fact has awarded a purchase tender seeking two July sulphuric acid cargoes of 10,000-12,000t each, to metals firm Hindalco at 4,900 rupees/t ($59/t) on a delivered basis. Filter: Fertilizer Asia-Pacific More filters
07 June 2023 Australia’s weather trend shifts from wet to dry The Australian Bureau of Meteorology (BoM) has issued an El Nino alert, raising the chances of drought conditions for the nation's populous east states that are centres for coal and gas production. Filter: Agriculture Coal Crude oil Metals Natural gas/LNG Asia-Pacific More filters
07 June 2023 Australia’s Queensland unveils renewable power scheme The coal-dominated Australian state of Queensland is calling for billions of dollars in new wind and solar power investment, as its government outlines ambitious renewable energy goals. Filter: Coal Power Asia-Pacific More filters
06 June 2023 Orbia, Solvay partner on battery-grade PVDF Global polyvinyl chloride (PVC) producer Orbia reached a preliminary joint-venture agreement with European chemicals producer Solvay to construct two plants in the southeastern US for battery-grade polyvinylidene fluoride (PVDF). Filter: North America More filters
06 June 2023 US HDG/CRC: Prices fall on limited buying US hot-dipped galvanized (HDG) and cold-rolled coil (CRC) prices fell this week as mills continued to cut offers alongside hot rolled coil (HRC) prices. Filter: Metals North America More filters
