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23 November 2022

Methanol bunkering planned for South Korea's Ulsan

Classification society the Korean Register and the Ulsan Port Authority have signed an initial deal to allow vessels to bunker methanol at the South Korean port, in a bid to transform it into a low-carbon, eco-friendly energy hub in northeast Asia.

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Oil products Chemicals Asia-Pacific

23 November 2022

Rio eyes biomass for steel, unlike Australian rivals

UK-Australian iron ore producer Rio Tinto pushes biomass in making green steel, as Australia's three biggest iron ore exporters explore three different methods of reducing emissions in steelmaking.

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Bioenergy Coal Emissions Metals Asia-Pacific

23 November 2022

Travel demand boosts Qantas Airways' profit outlook

Australia's Qantas Airways has upgraded its profit guidance for the six months to 31 December on firmer travel demand, particularly from domestic passengers that are prioritising spending on air travel.

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Oil products Asia-Pacific

23 November 2022

Australia's Centennial Coal costs double in two years

Thai-owned Australian coal producer Centennial is operating at a 43pc gross profit margin, but the near doubling of costs over the past two years leaves the firm and many of its competitors vulnerable to thermal coal price corrections from near record highs.

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Coal Asia-Pacific

22 November 2022

Biodiesel: MME pode suspender decisão sobre B10

O Ministério de Minas e Energia (MME) deve suspender a decisão do Conselho Nacional de Política Energética (CNPE) que mantém a mistura obrigatória do biodiesel no diesel em 10pc para o primeiro trimestre de 2023, e optar por deixar indefinido, por enquanto, qual será o mandato.

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Agriculture Bioenergy Oil products Latin America and Caribbean

22 November 2022

North American OCTG industry remains tight

Tubular demand has remained resilient for the North American steel industry, even as other sectors have either contracted or showed signs of contraction.

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Crude oil Metals Natural gas/LNG North America

22 November 2022

US HRC: Prices continue to fall into holiday

US hot rolled coil (HRC) prices fell closer to the $600/short ton (st) mark despite market comments last week that steel mills were at or approaching their breakeven points.

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Metals North America

22 November 2022

NorthAm OCTG market remains tight: Vallourec

French tubular maker Vallourec expects the oil country tubular goods (OCTG) market in North America to remain tight into next year.

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Crude oil Metals Natural gas/LNG North America

22 November 2022

Brazil gas reinjection, output hit records in Oct

Brazil reinjected and produced a record amount of natural gas in October, according to preliminary data from oil and gas regulator ANP.

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Natural gas/LNG Latin America and Caribbean

22 November 2022

Neste, Laxfuel deliver 1,500t SAF to LAX on barges

Finnish biofuels producer Neste has made the first larger volume delivery of sustainable aviation fuel (SAF) using barges for transport to Los Angeles international airport (LAX) in co-operation with Laxfuel, a consortium of the airlines operating at LAX.

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Bioenergy North America

22 November 2022

Finnish nuclear plant full start-up delayed to January

The start of full commercial operations at Finland's 1.6GW Olkiluoto 3 (OL3) nuclear power plant has been delayed to the end of January to enable operator Teollisuuden Voima (TVO) to fully assess damage to its feed water pumps.

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Power Europe

22 November 2022

Aframax rates in Med, Black Sea at 17-year high

Aframax freight rates in the Mediterranean and Black Sea reached their highest levels in 17 years, since Argus started assessing the routes, as a result of stronger demand and tightening tanker availability ahead of the EU's 5 December ban on Russian crude imports.

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Crude oil Europe

22 November 2022

Indonesia palm oil stocks stable at end-Sept: GAPKI

Indonesia's palm oil inventories at the end of September were mostly unchanged from August as exports declined and production increased, latest data from the Indonesian Palm Oil Association (GAPKI) show.

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Agriculture Bioenergy Asia-Pacific

22 November 2022

S Korea’s LG Chem to build US battery cathode plant

South Korean chemical firm LG Chem has signed an initial agreement with the US state of Tennessee to invest $3bn in building what it describes as the largest battery cathode manufacturing facility in the country.

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Metals Asia-Pacific North America

22 November 2022

Posco builds major battery cathode plant in South Korea

South Korean battery manufacturer Posco Chemical has finished building what it describes as the world's largest single production facility for battery cathodes in Gwangyang city.

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Metals Asia-Pacific

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