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29 noviembre 2023

Japan’s TSE tests carbon credit market maker mechanism

Japan's Tokyo Stock Exchange (TSE) has trialled a market maker mechanism in its carbon credit market, aiming to increase trading liquidity and form adequate prices. The TSE plans to use market makers, or liquidity providers that submit both bids and offers, on a trial basis during 27 November-29 Fe

29 noviembre 2023

Australia’s renewable energy investment stalls in 3Q

Just two Australian grid-scale renewable energy projects totalling 161MW of capacity reached a final investment decision (FID) in July-October, the fourth-lowest quarterly result since 2017. Australia's renewable energy sector remains sluggish after a weak 2023 with just 509MW of new commitments ma

29 noviembre 2023

Australia’s QPM increases gas output at Moranbah

Australia's QPM Energy has increased output from its onshore Moranbah project in Queensland's Bowen basin by 18pc since taking ownership because of well workovers and new supplies. Gas supplies are averaging about 27 TJ/d (720,000 m³/d), up from 22.9 TJ/d when QPM — the gas subsidiary of Australian

28 noviembre 2023

Source of US Gulf oil spill still unclear: Update

More than a week after its discovery, federal officials have yet to identify the source of an oil spill from a major offshore US Gulf of Mexico gathering line that shut in production at seven offshore facilities. Emergency response crews have examined 40 miles of the 67 mile long Main Pass Oil Gath

28 noviembre 2023

70pc CO2 cut needs export solution: Fertilizers Europe

European fertilizer producers recently committed to 70pc greenhouse gas (GHG) cuts by 2040, compared to 2020 levels. But on its decarbonisation path, the fertilizer industry needs EU guarantees of a level playing field, not only with the carbon border adjustment mechanism (CBAM). The EU now needs t

28 noviembre 2023

ArcelorMittal to cease tube output in Krakow

ArcelorMittal Tubular Products (AMTP) Europe is stopping production at its Krakow welded tube facility in the first quarter of 2024, the company said in a note to customers obtained by Argus . "In response to the evolving market context and our commitment to reducing our carbon imprint, we have mad

28 noviembre 2023

Cop 28 stocktake too 'harmonious' to yield progress

The global stocktake process carried out by the UN Framework Convention on Climate Change (UNFCCC) to measure progress towards the Paris Agreement, is too "harmonious", putting insufficient pressure on countries, German lawmakers heard at a committee hearing in the lower house of parliament (Bundes

28 noviembre 2023

Dow plans Canada net-zero ethylene, PE units

Dow said today it has made a final investment decision to build the world's first net-zero CO2 emissions integrated ethylene cracker and derivatives complex in Alberta, Canada. The $6.5bn project includes construction of a new ethylene cracker at the existing Fort Saskatchewan site and increasing p

28 noviembre 2023

France selects innovative nuclear projects

Six innovative nuclear reactor projects will be supported as part of the France 2030 investment plan, energy minister Agnes Pannier-Runacher announced ahead of the World Nuclear Exhibition (WNE) held in Paris this week. Selected projects include a fusion reactor, fast-neutron reactors, modular reac

28 noviembre 2023

India adds Mizoram to city gas bidding round

India has added Mizoram state to its 12th city gas distribution bidding round, which offers areas in Jammu and Kashmir, Ladakh and northeast India to connect to the pipeline network. Areas in the northeast region include Arunachal Pradesh, Meghalaya, Manipur, Nagaland and Sikkim. The Andaman and Ni

28 noviembre 2023

Vietnam’s scrap imports largely stable in October

Vietnamese steelmakers maintained their scrap imports at steady levels since August as a persistently sluggish real estate sector led local mills to prioritise domestic scrap procurement. Scrap imports have remained relatively range-bound and Vietnam imported 312,000t scrap in October, rising margi

28 noviembre 2023

Japan to push for more diverse decarbonisation approach

Japan is aiming to strengthen its co-operation with southeast Asian nations at the UN Cop 28 climate conference, and advocate that decarbonisation should be implemented through more diverse pathways. These pathways should take into consideration the characteristics of each nation and region. Japan

28 noviembre 2023

Japan’s Soma restarts Shinchi 1GW coal-fired power unit

Japanese power producer and wholesaler Soma Kyodo Power has today restarted the 1GW No.2 coal-fired power unit at its Shinchi complex. The unit was forced to shut automatically on 22 September because of a failure related to electrical equipment and it took some time to investigate the cause, condu

28 noviembre 2023

Australian grain deliveries stay high despite rain

Australian grain receipts at the country's three main grain aggregators CBH, GrainCorp and Viterra have remained high in the past week despite widespread rainfall. Western Australian (WA) growers have delivered more than 2.2mn t into the network over 20-26 November, despite harvest bans and rain de

28 noviembre 2023

Japan, Mozambique reaffirm LNG co-operation

Japan and Mozambique have reaffirmed their co-operation on resuming development of an LNG export project in the east African nation, with Japan planning to continue importing the fuel despite its target of net zero emissions by 2050. Japanese foreign minister Yoko Kamikawa and her Mozambique counte

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