Production & Industry news

• Serbian Iron, Steel Company Invests in Plant Improvements, an Industrial Info Market Brief

  14-02-2019 08:35 via industrialinfo.com
  Serbia's HBIS Group Company Limited plans to invest $150 million by the summer of 2020
  
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• Rio Tinto Updates Progress on Copper, Aluminum, Iron Ore Projects

  18-04-2024 08:50 via industrialinfo.com
  April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Global mining giant Rio Tinto (NYSE:RIO) (London, England) on Tuesday released its latest production results and updated progress on its growth and development efforts. Industrial Info is tracking $20.6 billion worth of projects from Rio Tinto across the globe.
  
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• Canada's Industrial Manufacturers Prep for $3 Billion in Kickoffs

  18-04-2024 08:50 via industrialinfo.com
  April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's hard turn toward renewable-energy technology is evident in the second-quarter project kickoffs planned across its Industrial Manufacturing Industry. Greener priorities in the automotive, power-generation and household goods markets are informing the high-value capital investments that are almost entirely located within 100 miles of the U.S. border.Industrial Info is tracking more than US$3.2 billion worth of pr
  
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• U.S. Aircraft Projects Bring Billions in Spending

  18-04-2024 08:45 via industrialinfo.com
  April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Aircraft have come a long way since the Wright Brothers' first 12-second flight in 1903, and today, airplanes and jets for both military and commercial purposes dominate the skies. Industrial Info is tracking more than $6 billion worth of U.S. projects involving the manufacture and repair of aircraft and their parts.Companies featured: Lockheed Martin Corporation (NYSE:LMT) and The BoeingCompany (NYSE:BA)
  
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• Alberta Pipeline Rupture Triggers Wildfire

  18-04-2024 08:45 via industrialinfo.com
  April 18, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A wildfire broke out in Alberta as a result of a breach of a 36-inch natural gas pipeline controlled by TC Energy (NYSE:TRP) (Calgary, Alberta), the Canadian government said, but has since been brought under control.
  
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• U.S. Crude Oil Supplies, Renewed Venezuela Sanctions: Your Daily Energy News

  18-04-2024 08:35 via industrialinfo.com
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.
  
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• Automotive Industry Drives New Investments in Components

  18-04-2024 07:53 via industrialinfo.com
  NEW DELHI--April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Auto components are the backbone of the ever-expanding global automobile industry and encompasses a wide array of parts that contribute to vehicle functionality, safety and performance. Driven by several factors, the industry is adapting to changing market dynamics and evolving consumer trends, while navigating high vehicle prices and lending challenges due to economic slowdowns.
  
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• South Korea's OCI to Produce Monosilane (SiH4)

  18-04-2024 07:40 via industrialinfo.com
  SEOUL, SOUTH KOREA--April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--OCI Company Limited (Seoul, South Korea) is developing a pair of monosilane (SiH4) unit additions at its chemicals complex in Gunsan South Korea. SiH4 has a wide variety of uses, including as a water repellant and an ingredient in battery energy-storage systems (BESS).
  
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• Lhyfe Expands German Hydrogen-Production Footprint

  18-04-2024 07:36 via industrialinfo.com
  NEW DELHI--April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Lhyfe (Nantes, France), a pioneering force in the green and sustainable hydrogen production sector in Europe, is investing $1.31 billion toestablish multiple Power-to-X plants with a combined capacity of nearly 900 megawatts (MW) in Germany.
  
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• More Oil Found in Norwegian Water of North Sea

  18-04-2024 07:23 via industrialinfo.com
  April 18, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Norwegian energy company Var Energi (Stavanger) made a discovery in the nation's territorial waters of the North Sea, its first for exploration wells awarded in 2018.
  
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• TotalEnergies Expects Steady Oil, Gas Output, Despite Selloffs

  17-04-2024 08:55 via industrialinfo.com
  April 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Growth in its production of natural gas and liquefied natural gas (LNG) are expected to keep TotalEnergies SE's (NYSE:TTE) hydrocarbon production stable in the first quarter of 2024, despite its selloff last year of assets in the Canadian oil sands. Increasing demand from industries and consumers is expected to benefit its refining and power-generation businesses as well.Industrial Info is tracking more than $3.5 billio
  
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• First Jones Act-Compliant Offshore Wind Vessel Hits the Water

  17-04-2024 08:55 via industrialinfo.com
  April 17, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.S. offshore wind farm developer Dominion Energy (NYSE:D) (Richmond, Virginia) said it put the first Jones Act-compliant turbine installation vessel in the water, representing something of a milestone for the fledging offshore wind-energy sector in the U.S.
  
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• EIA: U.S. Shale Gas Production to Decline

  17-04-2024 08:50 via industrialinfo.com
  April 17, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With natural gas prices globally in retreat due in part to warmer weather, U.S. federal estimates point to something of a decline in gas production from the seven primary inland shale basins.Henry Hub, the U.S. benchmark for the price of natural gas, was trading at around $1.70 per million British thermal units (mmBtu) on Tuesday, continuing from a sharp selloff during the prior trading session.
  
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• Suffolk Construction Has Hand in $1.9 Billion Worth of Projects

  17-04-2024 08:45 via industrialinfo.com
  April 17, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Since its founding in 1982, Suffolk Construction Company (Boston, Massachusetts) has become one of the leading construction contractors in the U.S. The company's Massachusetts home accounts for much of its project activity; in keeping with Massachusetts' strong pharmaceutical-biotech sector, many of Suffolk's projects are for the life sciences sector, particularly in the Boston area. Industrial Info is tracking $1.9 bil
  
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• Vale Received 100% of its Electricity in Brazil from Renewable Power in 2023

  17-04-2024 08:30 via industrialinfo.com
  April 17, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazil-based miner Vale SA (NYSE:VALE) (Rio de Janeiro) recently reported that all the electricity used in its operations in Brazil last year came from a mix of renewable energy sources, including hydroelectric, wind and solar power. The company said it reached 100% renewable electricity consumption two years ahead of its goal.
  
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• Germany Advances Major Hydrogen Plan

  17-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 17, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Germany's aggressive drive into the growing green hydrogen space continues with the European Commission (EC) approving plans by the government to provide 350 million euro (US$380 million) in state support.
  Within this article: Details funding green light for German hydrogen projects, hydrogen goals, news on the country's hydrogen pipeline network, leading hydrogen producing regio
  
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• Automotive Industry Drives New Investments in Auto Components

  17-04-2024 07:53 via industrialinfo.com
  NEW DELHI--April 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Auto components are the backbone of the ever-expanding global automobile industry and encompasses a wide array of parts that contribute to vehicle functionality, safety and performance. Driven by several factors, the industry is adapting to changing market dynamics and evolving consumer trends, while navigating high vehicle prices and lending challenges due to economic slowdowns.
  
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• Data Center Construction Propels Electric Load Growth and Utility Capex

  16-04-2024 08:55 via industrialinfo.com
  April 16, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Construction of data centers in the U.S. has been growing strongly in recent years, and the growth will escalate even further for the next few years, which is helping drive up electricity demand and capital expenditures (Capex) at electric utilities across the country.This year, about 289 data center projects are scheduled to begin construction across the U.S., according to Industrial Info's Global Marketing
  
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• Energy Survey Points to U.S. Drilling Downturn

  16-04-2024 08:50 via industrialinfo.com
  April 16, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Respondents to a survey from the Federal Reserve Bank of Kansas City showed drilling activity in its district is expected to decline over the next six months amid a dip in capital expenditures.Just ahead of earnings season, the Fed showed revenues for drillers were stable during the first quarter.
  
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• U.S. Lithium Sector Primed for Growth

  16-04-2024 08:45 via industrialinfo.com
  April 16, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.S. lithium mining may be on the cusp of a growth phase as both Ioneer Limited's (Sydney, New South Wales) and Piedmont Lithium (NASDAQ:PLL) (Bessemer City, North Carolina) secured the approval necessary to proceed with their respective mining operations.
  
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• Tennessee Sees $21 Billion Worth of Projects Under Construction

  16-04-2024 08:45 via industrialinfo.com
  April 16, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Southeastern U.S. has become a leading hub for industrial development in the nation. Among the states leading the charge is Tennessee, which boasts cutting-edge projects in the automotive, power and defense sectors, among others. Industrial Info is tracking nearly $21 billion worth of projects under construction in the state.Companies featured: Ford Motor Company (NYSE:F)
  
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• U.S. Oil Output, EQT to Sell Assets: Your Daily Energy News

  16-04-2024 08:35 via industrialinfo.com
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.Companies featured:EQT Corporation (NYSE:EQT), Equinor (NYSE:EQNR)
  
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• Chile Registered Higher Copper Output in February

  16-04-2024 08:25 via industrialinfo.com
  April 16, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Despite the challenges faced by Codelco (Santiago, Chile), Chile's copper production remained robust in February, demonstrating the country's resilience in maintaining a steady supply.
  
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• Europe's Industrial Carbon Emissions Fall Record 15.5%

  16-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 16, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Industrial carbon dioxide (CO2) emissions regulated under the European Union's emissions trading system (ETS) fell a record 15.5% in 2023.Within this article: Details record drop in EU industrial emissions, key reasons, rise of renewable energy, role of the emissions trading system (ETS)
  
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• Chile registró mayor producción de cobre en febrero a pesar de las pérdidas de Codelco

  16-04-2024 07:12 via industrialinfo.com
  16 de abril, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El regulador del cobre de Chile, Cochilco, informó que el país sudamericano registró una producción de 417.100 toneladas métricas de cobre, alrededor de un 9,7% más que durante el mismo período del año pasado. Este es el segundo mes consecutivo en 2024 en el que Chile obtuvo una producción de cobre mayor que el año pasado.
  
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• LNG Remains Stuck Between a Rock and a Hard Place

  15-04-2024 08:55 via industrialinfo.com
  April 15, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though U.S. exports of liquefied natural gas (LNG) are down sharply from year-ago levels, the sector should recover in an ever-changing market.There were 22 vessels laden with LNG that left U.S. export terminals between April 4 and April 10, carrying a combined 75 billion cubic feet (Bcf) of product. Over the similar period last year, 26 vessels left U.S. terminals carrying 96 Bcf of product.
  
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• Gasoline Gets Political, But Voter Memory is Short

  15-04-2024 08:50 via industrialinfo.com
  April 15, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With seven months to go before the U.S. presidential election, the economy remains a lingering concern, with gasoline prices supporting resilient consumer-level inflation. Recent polling from the Associated Press-NORC Center for Public Affairs show would-be voters are not impressed with either incumbent President Joe Biden or former President Donald Trump, but for varying reasons.Consumer prices were up
  
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• IIR Tracks More than $1.7 Billion Worth of U.S. Firearms, Ammunition Projects

  15-04-2024 08:45 via industrialinfo.com
  April 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Federal Bureau of Investigation's National Instant Criminal Background Check System (NICS) was introduced in 1998 and has become one means of tracking legal firearm sales in the U.S. According to the National Shooting Sports Foundation (Newton, Connecticut), the NICS showed that slightly less than 15.9 million firearms were sold in the U.S. last year, and that 2020 through 2023 represented the highest years for
  
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• ExxonMobil FID for Whiptail Development Offshore Guyana Targets 250,000 BBL/d

  15-04-2024 08:45 via industrialinfo.com
  April 15, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--After receiving all the necessary government approvals, Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) on Friday announced the final investment decision (FID) to move ahead with the $12.7 billion Whiptail development offshore Guyana. It will include up to 10 drill centers involving 48 production and injection wells, said a press release announcing the project.
  
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• Soybean Surge Sparks Investments

  15-04-2024 08:40 via industrialinfo.com
  NEW DELHI--April 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--A rise in global demand for soybean oil has been witnessed in recent years. Obtained from the seed of the soybean plant, the oil is known for containing polyunsaturated fats, and being rich in vitamins E and K.
  
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