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Brazil to keep pushing biofuels in Cop 31
Brazil to keep pushing biofuels in Cop 31
Sao Paulo, 14 August (Argus) — Brazil is hoping for breakthroughs in promoting biofuels as a bigger part of climate change policies during this year's UN Cop 31 climate summit in November, panelists at a preparatory event held last week in Sao Paulo said. Brazil is second only to the US in biofuels output and consumption. It wants its biofuels to be a bigger part of the global energy transition. But European environmental and energy groups have long pushed back against biofuels as a central climate change solution, given issues with land cleared for crops and limited expansion availability for biofuels from waste oils and fats. Brazil launched last year during Cop 30 — which it hosted — the Belem 4X pledge , a global effort to quadruple global output and use of sustainable fuels, including biofuels, by 2035. The consolidation of biofuels "as an absolutely crucial alternative for the energy transition" will continue to be one of Brazil's priorities at Cop 31, the foreign affairs ministry's energy, climate and environment secretary Mauricio Lyrio told attendees. The Cop 31 presidency has already laid out its focus areas for this year's summit in Turkey. The most prominent is a global goal for electricity to reach 35pc of global energy consumption by 2035 , up from around 20pc. "[The biofuels and electricity expansion agendas] are complementary — as mechanisms, instruments, and technologies — for the economic transition that needs to take place," Brazil's environment minister Aloisio de Melo told Argus . "But it is important for Brazil to bring this input [of biofuels] and rally countries that view it as an option, helping to advance this agenda." That echoes comments made by Brazil's environment and climate change minister Joao Paulo Capobianco during the Petersberg Climate Dialogue, held in April. While electrification is essential for reducing greenhouse gas emissions, viable and scalable short-term alternatives — such as biofuels — must also play a significant role, especially in developing countries, he said then. Hybrid solutions using ethanol or biodiesel can help reduce immediate emissions at a lower cost, helping countries facing fiscal constraints and substantial investment needs. Capobianco cited the renewal of Brazil's urban bus fleets as an example. Replacing the entire fleet with fully electric vehicles would require massive public investment, which could delay the modernization of public transport, he said. But hybrid models powered by biofuels such as ethanol and biodiesel would allow for significant emission cuts while leveraging existing infrastructure. Fossil fuels roadmap Biofuels will also be key in the Cop 30 presidency's ongoing roadmap on the phase-out of fossil fuels , another of Brazil's centerpieces during Cop 30. The roadmap will only work if the world can accelerate supply of energy sources other than fossil fuels, the Cop 30 presidency's coordinator for the roadmap Pedro Brancate said. Cop 30 ended without a final deal on a plan to shift away from fossil fuels, but the summit's Brazilian leadership vowed to oversee creating a roadmap on the issue outside of the official framework. It will present the plan during Cop 31. And although electrification will no doubt be a key part of that transition, it alone will not be able to replace every usage of fossil fuels, Brancate said. "We sometimes forget that fossil fuels globally account for 95pc of the transport sector's energy demand," Brancate said. "So, even with accelerated electrification of light vehicles in various markets, sustainable fuels will remain highly relevant to the transition away from fossil fuels." The Cop 31 presidency has not put the phasing out of fossil fuels on the summit's agenda yet, but sources have told Argus that it is unlikely that it would block talks on the issue. The Cop 30 presidency will also present a roadmap focusing on deforestation during Cop 31. By Lucas Parolin Brazil's avoided emissions from biofuels mn tCO₂ Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US' Alcoa, Australia's Equus ink 10-year gas sales deal
US' Alcoa, Australia's Equus ink 10-year gas sales deal
Sydney, 14 August (Argus) — Australian gas developer Equus Energy has signed a binding 10-year gas sales agreement (GSA) with global aluminium producer Alcoa to supply gas from the planned Equus project offshore Western Australia to Alcoa. Equus will provide 50 TJ/d of gas to Alcoa, equivalent to 182PJ over the term of the deal, the company said on 14 August. Alcoa will use the supplies to power its expanding portfolio of Western Australia-based (WA) alumina refineries. In return, Alcoa will provide advance payment of $30mn to complete a front-end engineering design (Feed) study for the Equus project in Western Australia's North West Shelf region. The funding will cover project costs until it reaches a final investment decision (FID), Equus said. It did not specify a timeline for the FID. Equus, which was known as Western Gas until December 2025, completed a pre-Feed study for the Equus project in May, confirming project design of 50 TJ/d of domestic gas, 2mn t/yr of LNG for export markets, and 12,000 b/d of condensate production over a 15-year project life. The project will address a peak day gas supply shortfall in Western Australia and will represent 5pc of the Western Australian domestic gas market upon completion, Equus said. Annual peak day gas demand in Western Australia is set to increase from 2026 by 36pc to 558 TJ/d in 2035 with the winter season recording the highest demand levels, according to the Australian Energy Market Operator's (Aemo) 2025 Western Australian Gas Statement of Opportunities . This is despite an expected decline in overall annual gas consumption over the same period due to increased large-scale wind and solar generation, Aemo said. The deal with Alcoa will fully satisfy Equus' commitments under Western Australia's domestic gas reservation policy, the company said. The reservation policy mandates that Western Australia-based gas producers retain at least 15pc of production for sale in the domestic market over a project's life. Alcoa operates the 30.5mn t/yr bauxite mine and the 4.2mn t/yr Pinjarra and 2.85mn t/yr Wagerup alumina refineries in Western Australia. Alcoa bought most of Australian mining company South32's aluminium supply chain stakes in June, including the 37mn t/yr Worsley bauxite mine and 4.4mn t/yr Worsley alumina refinery in Western Asutralia. Alcoa signed a three-year gas sales agreement with Australian independent Woodside Energy for 31.1PJ in June, which will begin in 2027. The company also secured a 10-year gas sales agreement with LNG operator Chevron in December 2024 for 130PJ, starting from 2028. This has built on Alcoa's existing 10-year gas sales agreements with Chevron, ExxonMobil and Australian independent Warrego Energy for a total of 198PJ of gas to its alumina refineries in Western Australia, starting in 2024. By Daniel Gage-Brown Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
UAE says two Adnoc ships attacked by Iran
UAE says two Adnoc ships attacked by Iran
Singapore, 14 August (Argus) — The UAE's foreign ministry in a statement early today condemned an attack against two vessels affiliated with state-owned oil company Adnoc. The UAE denounced "the hostile Iranian attack that targeted two vessels affiliated with Adnoc as they transited the strait of Hormuz". No injuries have been reported. The latest incident comes after an attack on another Adnoc vessel on 8 August . The UAE's foreign ministry said that targeting commercial shipping and using the strait of Hormuz as a "tool of economic coercion or blackmail represents represents acts of piracy by Iran's Revolutionary Guard Corps, and constitutes a direct threat to the stability of the region, its peoples, and global energy security". This brings the total number of Adnoc vessels struck to 18. The attacks have caused one fatality and 20 injuries to crew members. Iran and Oman are continuing negotiations on a mechanism for safe navigation through the strait. The two countries are not yet at a point of discussing details such as whether to impose transit fees on traffic through the waterway, but the "provision of maritime services for traffic through the strait should be compensated", Iranian foreign ministry spokesperson Esmaeil Baqaei said on 10 August, cited by the state-run Islamic Republic News Agency. Ice Brent futures were largely steady in early Asian trading today. The Ice front-month October Brent contract was at $86.88/bl at 10:45 Singapore time (02:45 GMT), compared with $87.07/bl on 13 August. The Nymex front-month September crude contract was at $81.11/bl, compared with $81.25/bl on 13 August. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
2A expanding aluminum die-cast ops in Alabama
2A expanding aluminum die-cast ops in Alabama
Houston, 13 August (Argus) — High-pressure aluminum die-caster 2A USA plans to increase production capacity through a $32mn expansion at its manufacturing facility in Auburn, Alabama. The project will add casting and machining capabilities for "complex and large aluminum components" used in heavy-duty trucks, Alabama governor Kay Ivey said on Wednesday. Neither a construction timeline nor details about how much output would grow were disclosed. 2A USA's plans come as the US has sought to increase domestic manufacturing through trade policies, which have included global import tariffs on both aluminum products and heavy-duty trucks . The White House currently is seeking to tighten minimum US-origin content requirements for products covered under the US-Mexico-Canada free trade agreement, as part of its efforts to renegotiate the pact. The company, which is the North American segment of Italy-based 2A, acquired the Auburn facility in 2014 and has continually invested in its operations there, including a $15mn expansion in 2019. By Alex Nicoll Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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