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Enchentes afetam operações de empresas no Sul do Brasil

  • Spanish Market: Agriculture, Metals, Petrochemicals
  • 08/05/24

Diversas empresas brasileiras suspenderam operações no Rio Grande do Sul em razão das chuvas intensas que causaram diversos alagamentos e danos à infraestrutura.

As enchentes ocasionadas pelo recorde de chuvas geraram pelo menos 83 mortes e 111 pessoas desaparecidas, de acordo com o governo estadual. Mais de 23.000 pessoas foram obrigadas a deixarem suas casas em meio a danos generalizados, incluindo pontes e rodovias inundadas em diversas cidades.

A barragem da usina hidrelétrica 14 de Julho, com capacidade de 100MW, no rio das Antas, rompeu na semana passada em meio às fortes chuvas. A Companhia Energética Rio das Antas (Ceran), que opera a usina, implementou um plano de evacuação de emergência em 1 de maio.

  • A produtora de aço Gerdau informou em 6 de maio que suspendeu suas operações em duas unidades no estado até que seja assegurada a "segurança e proteção das pessoas". A empresa não divulgou o volume de produção de aço dessas unidades.
  • A empresa de logística Rumo interrompeu parcialmente suas operações e informou que os "danos aos ativos ainda estão sendo devidamente mensurados".
  • A gigante petroquímica Braskem desligou duas unidades no complexo petroquímico Triunfo, como uma medida de prevenção em decorrência dos "eventos climáticos extremos" no estado, afirmou em 3 de maio. A empresa adicionou que não há expectativa de data para retomar as atividades. A Braskem opera oito unidades industriais no Rio Grande do Sul, que produzem 5 milhões de toneladas (t)/ano de petroquímicos básicos, polietileno e polipropileno, de acordo com seu website.

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22/07/24

US House to vote on waterways bill

US House to vote on waterways bill

Houston, 22 July (Argus) — The US House of Representatives is expected to vote on 22 July on a waterways bill that would authorize new infrastructure projects across ports and rivers. The Water Resources Development Act (WRDA) is renewed typically every two years to authorize projects for the US Army Corps of Engineers (Corps). The bipartisan bill is sponsored by representative Rick Larsen (D-Washington) and committee chairman Sam Graves (R-Missouri). The full committee markup occurred 26 June, where amendments were added, and the bill was passed to the full House . A conference committee will need to be called to resolve the different versions of the bill. The major difference between the bills is that the House bill does not include an adjustment to the cost-sharing structure for the lock and dam construction and other rehabilitation projects. The Senate Committee on Environment Public Works passed its own version of the bill on 22 May, with all members in favor of the bill. The House version of the bill approves modifications to the Seagirt Loop Channel near the Baltimore Harbor in Maryland, along with 11 other projects and 160 feasibility studies. One of these studies is a $314.25mn resiliency study of the Gulf Intracoastal Waterway, which connects ports along the Gulf of Mexico from St Marks, Florida, to Brownsville, Texas. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

India’s MRAI urges zero import duty on Al scrap


18/07/24
18/07/24

India’s MRAI urges zero import duty on Al scrap

Mumbai, 18 July (Argus) — The Material Recycling Association of India (MRAI) has urged the government to remove import duties on aluminium scrap in its budget to be presented on 23 July. "Among the key challenges faced by the Indian aluminium recycling industry is paying [a] 2.5pc import duty on aluminium scrap," MRAI said in a letter to India's finance minister Nirmala Sitharaman. "It is a key raw material for aluminium recycling and the government should make it zero until the quality material is available in sufficient quantity in the domestic market." The government has a duty to create a level playing field between primary and secondary aluminium producers, said MRAI president Sanjay Mehta. "If customs duties are applicable on import of scrap, then commensurate export duties on the basis of total cost to country on primary products should also be levied." India does not have sufficient supplies of good quality metal scrap to support its recycling industry and relies heavily on imports. The current import duty system, coupled with the lack of aluminium scrap in India, reduce Indian producers' competitiveness in global markets because most other countries have no import duty on metal scrap. This could decelerate the country's effort to achieve its sustainability goals, added MRAI senior vice-president Dhawal Shah and the managing director of CMR Green Technologies Mohan Agarwal. India imported 1.83mn t of aluminium scrap in 2023 with more than a quarter coming from the US. Europe, the Middle East and north Africa are its other key suppliers. By Deepika Singh Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

China's Sunwoda plans $275mn battery plant in Vietnam


18/07/24
18/07/24

China's Sunwoda plans $275mn battery plant in Vietnam

Singapore, 18 July (Argus) — Major Chinese lithium-ion battery manufacturer Sunwoda plans to build a 2bn yuan ($275mn) battery plant in northern Vietnam's Bac Giang province. The site is expected to produce consumer battery cells, system-in-package and batteries, said Sunwoda. Capacity was undisclosed but the site is expected to generate around $1bn/yr of revenue, according to an official portal by Bac Giang Provincial People's committee. Northern Vietnam houses sites of multiple major technology and semiconductor firms including Apple, Foxconn and Samsung, but unannounced or short-notice power cuts have affected production bases in the region. Power outages in Northern Vietnam during May-June 2023 disrupted production and were estimated to have shaved 0.3pc off the country's GDP, according to a 2023 report by World Bank. But the province has "overcome the power supply difficulties", said the current chairman of the Bac Giang Provincial People's committee chair Le Anh Duong. The power supply lines and stations for manufacturing plants in the province have been strengthened, Duong said, adding that the province is looking at upgrading its electricity transmission system and prioritising the allocation of electricity output to key manufacturing companies. Sunwoda will be on its power supply priority list if Sunwoda goes ahead with the investment, said Duong. Rising market barrier pressure and overseas demand prompted major Chinese battery firms to expand overseas in an attempt to deal with geopolitical curbs. Disclosed overseas investment from China's lithium-ion battery sector totalled Yn565bn as of June, according to Chinese research institution EV Tank earlier this month. By Joseph Ho Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

BHP posts higher nickel output after disruptions


17/07/24
17/07/24

BHP posts higher nickel output after disruptions

Singapore, 17 July (Argus) — Australian resources group BHP lifted its nickel production during April-June as it recovered from planned maintenance and wet weather disruptions in the previous quarter. BHP's refined nickel production for April-June rose by 22pc against the previous quarter and by 4.5pc from a year earlier to 23,000t. The increased output was a result of a low base in the previous quarter with planned maintenance at the Kwinana refinery in Western Australia (WA) and poor weather conditions in March, the firm said. Total refined nickel output for the 2023-24 fiscal ending 30 June was 81,600t, up by 2pc from the same period last year. BHP on 11 July announced that it will temporarily suspend operations at its WA nickel businesses from October, on the back of nickel oversupply and an anticipated nickel price downtrend. BHP has also decided to halt operations at its Kambalda concentrator earlier in February, placing it into a care and maintenance phase from June. Mining and processing operations at the Kwinana refinery, Kalgoorlie smelter and Mount Keith and Leinster mines will be suspended, while development of the West Musgrave project will be put on hold. BHP will implement a care and maintenance programme to ensure the safety and integrity of its mines and infrastructure. It will invest around $300mn/yr following the transition period to support a potential restart of the facility. The transition period will start from July, with operations to be halted in October and completely stopped by December. BHP intends to review the closure by February 2027. BHP expects to record negative earnings before interest, taxes, depreciation and amortisation of around $300mn for 2023-24 and sustain a further $300mn pre-tax non-cash impairment charge following the temporary suspension decision. Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Mitsubishi, Neste aim to boost bio-naphtha supplies


16/07/24
16/07/24

Mitsubishi, Neste aim to boost bio-naphtha supplies

Tokyo, 16 July (Argus) — Japanese trading house Mitsubishi and Finnish refiner Neste plan to boost sales of Neste's biomass-based naphtha by enhancing their partnership in Japan. The companies signed a partnership agreement on an unspecified date, aiming to co-operate on prompting a switch from conventional petroleum naphtha to Neste's bio-naphtha. They plan to encourage Japanese downstream companies or users of petrochemical goods and plastics, like food and beverage suppliers, apparel firms and electric appliance manufacturers, to introduce bio-naphtha into their supply chains. Mitsubishi and Neste have already partnered on delivering bio-naphtha to produce renewable paraxylene for Japanese consumers Goldwin and Suntory . Japanese companies are increasingly attempting to incorporate bio-naphtha for their decarbonisation strategies. Japanese petrochemical producer Resonac has produced biomass-based olefins like ethylene and propylene since June by purchasing bio-naphtha from Neste. Fellow petrochemical producer Mitsui Chemicals bought bio-naphtha from Neste to process it at its Osaka cracker. Idemitsu and Toray have been partnering to produce styrene monomer and acrylonitrile butadiene styrene resin from bio-naphtha. Japan imported 6mn t of petroleum naphtha during January-May, down by 5.9pc from the same period in 2023, according to finance ministry data. By Nanami Oki Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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