Production & Industry news

• Renewable Natgas, Geothermal, Hydrogen Add to Renewable Energy Mix

  05-07-2022 08:55
  July 5, 2022--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--In this series, we have examined many of the wide-ranging challenges to biofuels regarding competition with farmland and fertilizers as well as their capacity for adding significantly to the energy mix. It is doubtful for a host of reasons that any single renewable source will become as dominant as oil, gas and coal have been over the last 120 or more years, so the future energy landscape seems destined to b
  
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• Crecen las Exportaciones de Crudo Venezolano al Mercado Asiático

  05-07-2022 08:50
  05 de Julio de 2022--Escrito por Pietro D. Pitts para Industrial Info Resources (Sugar Land, Texas)--La financieramente complicada empresa estatal Venezolana PDVSA parece beneficiarse del aumento de la demanda de crudo y el incremento del precio del commodity generados por la guerra en Ucrania.La combinación de una mayor demanda de combustible y precios más elevados, aumentará las rentas del petróleo venezolano y podría permitir a PDVSA alcanzar algunas modesta
  
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• Are the Administration's Steps Toward Solar Generation the Correct Ones?

  05-07-2022 08:50
  July 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Last month, the Biden administration invoked a segment of the Tariff Act of 1930 to declare an emergency regarding the availability of electricity generation to meet customer demand. In this case, the declaration addressed the lack of panels available for the solar photovoltaic (PV) sector. The implementation of this act allows a 24-month break on tariffs for panels being imported from Malaysia, Thailand, Vietnam and Camb
  
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• Data Centers Lead Oregon's $3.6 Billion in Projects Under Construction

  05-07-2022 08:45
  July 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--When one thinks of technology, one doesn't necessarily think of Oregon. That's usually reserved for the state's southern neighbor, California, particularly around the San Francisco Bay area. Nevertheless, some of the largest tech companies in the nation are constructing some of their largest data center complexes in Oregon, propelling this sector into the top of Oregon's spending for projects that are under construction.
  
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• Carmaker Stellantis Buys Stake in German Lithium Project

  05-07-2022 08:11
  GALWAY, IRELAND--July 5, 2022--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Carmaker Stellantis N.V. (Amsterdam, Netherlands) has invested 50 million euros (US$53 million) to become a shareholder in one of the world's first lithium operations with a net-zero carbon footprint.Within this article: Details investment in Vulcan and its net zero carbon lithium projects in Germany, EV strategy for Stellantis
  
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• China's Pesticide Production in May Up 12% Year-On-Year

  05-07-2022 07:56
  BEIJING--July 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--China's pesticide output was 229,000 tons in May, an increase of 12.3% year over year, according to China's National Bureau of Statistics.
  
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• U.S. LNG Exports, Pemex: Your Daily Energy News

  05-07-2022 07:35
  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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• Japan's Pharma Majors Invest $303 Million in Fill-and-Finish Projects

  05-07-2022 07:20
  KOFU, JAPAN--July 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking seven projects at fill-and-finish facilities in Japan's Pharmaceutical & Biotech Industry, totaling more than US$303 million in investment value. These include grassroot projects, plant expansions and line additions.
  
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• Japan's Sumitomo Chemical Targets $172 Million in Projects

  05-07-2022 07:05
  KOFU, JAPAN--July 5, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking 16 projects across Japan from Sumitomo Chemical, one of the largest chemical-processing companies in the region, worth more than US$172 million. The projects include plant maintenance, unit additions and a unit closure and dismantlement.
  
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• Supreme Court Kicks Clean Air Case Back to EPA

  01-07-2022 08:55
  July 1, 2022 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The most-litigated federal regulation that never actually went into effect hit another roadblock June 30 when the U.S. Supreme Court voted 6-3 to reject the Environmental Protection Agency's rationale for regulating carbon dioxide (CO2) emissions from power plants. The court remanded the issue back to the EPA, which has been working on a new Clean Air Act rule to reduce CO2 emissions from the power sector.
  
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• PSEG Pushes for Upgrades to Electric Grid, More Renewable Support

  01-07-2022 08:50
  July 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Public Service Enterprise Group (PSEG) (NYSE:PEG) (Newark, New Jersey), an energy provider that services several states in the U.S. Northeast, was granted a regulatory green light earlier this week to proceed with widely anticipated grid modernizations. These projects are part of a broader capital-spending plan to update PSEG's T&D capacity and prepare it for more renewable energy.Industrial Info is tracking about $1.
  
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• Freeport LNG May Partially Resume Operations in October after U.S. Regulator Intervenes

  01-07-2022 08:45
  July 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Freeport LNG (Houston, Texas) said Thursday it is targeting a partial resumption of its liquefaction operations in early October as it cooperates with the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA). The federal pipeline regulator said it found unsafe conditions and will not allow Freeport LNG to restart the plant until an outside analysis is complete.Located in Quintana, Texas, the 15 million-ton-
  
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• EIA: Developers to Add 6 Gigawatts of U.S. Offshore Wind by 2029

  01-07-2022 08:45
  July 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Power developers and operators have reported plans to install more than 6 gigawatts (GW) of offshore wind capacity in the U.S. over the next seven years, according to a recent Today in Energy article from the U.S. Energy Information Administration (EIA) . It's notable that the government agency reports only 6 GW by 2029, whereas President Joe Biden has set the goal of having of having 30 GW of U.S. offshore wind by 2030.I
  
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• Permian Highway Pipeline Expansion Gets Investment Green Light

  01-07-2022 08:40
  July 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Permian Highway Pipeline LLC (PHP) has announced a final investment decision (FID) to proceed with its expansion project.PHP, which is jointly owned by subsidiaries of Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas), Kinetik Holdings Incorporated (NASDAQ:KNTK) (Houston) and Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas), said the expansion project got the go-ahead after securing binding firm transportation agre
  
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• Northern Access Natural Gas Pipeline, Freeport LNG: Your Daily Energy News

  01-07-2022 08:35
  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:Equinor (NYSE:EQNR)
  
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• U.S. Natural Gas Demand Drives Expansions in Permian, Other Shale Plays

  30-06-2022 08:55
  June 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As demand for U.S.-based natural gas is skyrocketing--both domestically and abroad--gas-processing companies are struggling to keep pace with new and expanded facilities in some of North America's most prosperous shale plays.Industrial Info is tracking more than $2.5 billion worth of gas-processing projects that are set to begin construction in the third quarter, more than half of which is attributed to expansions of exi
  
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• U.S. Travelers Defiant Amid Record-High Gasoline Prices

  30-06-2022 08:50
  June 30, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.S. motorists are still expected to hit the road in droves during the upcoming Fourth of July holiday, despite soaring retail gasoline prices, according to AAA.The travel club anticipates that some 42 million people will travel more than 50 miles by road for the upcoming holiday weekend. That would set a record if forecasts prove accurate.
  And it comes at a time when inflationary pressures, led overwhelm
  
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• LyondellBasell Signs First Two U.S. PPAs, Sourcing Renewable Energy

  30-06-2022 08:50
  June 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (Rotterdam, Netherlands) has signed its first two power purchase agreements (PPA) in the U.S., for a combined 216 megawatts (MW) of renewable energy, in support of the company's net-zero efforts. The power would be sourced from a wind project from the U.S. subsidiary of Engie S.A. (Paris, France), and a solar project from Buckeye Partners LP (Houston, Texas). Both projects are in T
  
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• Southwest Leads U.S. in Third-Quarter Power Project Starts

  30-06-2022 08:45
  SUGAR LAND--June 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As power utilities and U.S. states set emissions-reduction and net-zero emissions goals for the coming years, project activity in the U.S. Power Industry is booming. Renewable forms of energy have helped push the industry into more than $32 billion worth of projects that are set to kick off in the U.S. in the upcoming third quarter of 2022. The Southwest region, which includes Arkansas, Louisiana, Oklahoma an
  
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• ExxonMobil, British Gas Exports: Your Daily Energy News

  30-06-2022 08:35
  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:Exxon Mobil Corporation (NYSE:XOM), National Grid (NYSE:NGG)
  
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• Demand Boosts India's Spice Exports

  30-06-2022 07:19
  NEW DELHI--June 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--India is the world's largest producer, consumer and exporter of spices. Indian spice exports increased 115% in volume and 84% in value (USD) between 2014 and 2021, according to The Hans India; the value of exports reached US$4.2 billion in 2020-21, which was the highest amount ever. The Indian government expects the export value to more than double to US$10 billion in the next five years.
  
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• OPEC+ May Production Falls Short of Target

  29-06-2022 21:30
  June 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Here are some of the most important stories in and around the refining business for this week as researched for the IIR/DOE report for the week ending June 24:
  OPEC+ pumped about 3 million barrels per day (BBL/d) less than its 42 million-BBL/d production target for May, and as the cartel's ministers gather for a meeting this week, it appears Saudi Arabia and the United Arab Emirates have limited spare production capacity
  
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• IIR/DOE Weekly Refinery Report for Week Ending June 24

  29-06-2022 21:30
  June 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Here are some of the most important stories in and around the refining business for this week:OPEC+ pumped about 3 million barrels per day (BBL/d) less than its 42 million-BBL/d production target for May, and as the cartel's ministers gather for a meeting this week, it appears Saudi Arabia and the United Arab Emirates have limited spare production capacity. That news helped push up WTI prices 10% over the last week.
  
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• Oil-Producing Areas See Record Tax Revenues

  29-06-2022 08:55
  June 29, 2022--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--As governments wrestle with the idea of taxing windfall profits due to high oil and prices, and as the U.S. federal government considers a holiday on gasoline taxes, governments in oil-producing states of the U.S., as well as countries abroad, are collecting record revenues from those same high prices.
  Texas, whose prolific Permian Basin leads the state in producing record levels of both oil and gas, reaped
  
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• Russia Is a Hard Habit to Break

  29-06-2022 08:50
  June 29, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Western allies are scrambling to break the bonds of energy that link Russia to their economies, though legacies such as these are extraordinarily difficult to change.Crude oil prices are driving the bulk of the inflationary pressures in Western economies. Brent, the global benchmark for the price of oil, was selling for close to $75 per barrel a year ago today, but it's now trading at $112 per barrel.
  Inf
  
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• BP: Global Energy Demand and Carbon Emissions Grew Rapidly in 2021

  29-06-2022 08:50
  June 29, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--As much of the world emerged from the COVID-19 pandemic in 2021, economies rapidly expanded and global energy demand shot up, which led to sharply higher energy prices and big gains in carbon dioxide emissions, BP plc (NYSE:BP) (NYSE:BP) (London, England) said in its Statistical Review of World Energy, released June 28.As it has warned for several years, the path is unsustainable, BP said.
  In his introduction
  
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• Congress Urged to Pass $52 Billion in Semiconductor Funding

  29-06-2022 08:45
  June 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Intel Corporation (NASDAQ:INTC) (Santa Clara, California) and other developers of big semiconductor plants in the U.S. are urging Congress to quickly greenlight $52 billion in funding to support those projects. Future expansions of Intel's massive semiconductor plant in New Albany, Ohio, is contingent on federal support funding, says the chipmaker.Industrial Info is tracking 80 projects, worth more than $120 billion, tha
  
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• Equinor, Canada Fuel Standards: Your Daily Energy News

  29-06-2022 08:35
  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:Equinor (NYSE:EQNR)
  
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• CF Fertilisers Shuts One of Two U.K. Plants

  29-06-2022 08:11
  GALWAY, IRELAND--June 29, 2022--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The U.K.'s only fertilizer manufacturer, CF Fertilisers UK, is shutting one of its two plants as part of a company-wide restructure.
  Within this article: Details plant closure, job losses, reasons for closure, impact on U.K. fertilizer market, ongoing issues for Europe's fertilizer sector
  
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• South Korea Venture Grows Lithium-ion Battery Recycling

  29-06-2022 07:05
  KOFU, JAPAN--June 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Nickel sulfate manufacturer KEMCO, a subsidiary of South Korea-based Korea Zinc Company, has established a joint venture with LG Chemical Limited (Seoul) to build a 200 billion won (US$155 million) lithium-ion battery recycling and NCMA (nickel, cobalt, manganese, aluminum) precursor manufacturing factory in Ulsan City. This investment is part of Korea Zinc's business expansion into manufacturing materials f
  
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• Two Co-Owners of Vogtle Nuclear Additions Sue Over Cost Overruns

  28-06-2022 08:55
  June 28, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--As the cost to add two units to the Alvin W. Vogtle Nuclear Power Station continues to spiral upward, and the units' in-service dates have again been delayed, two co-owners filed separate suits against project manager Georgia Power for the 2,244-megawatt (MW) unit addition. The in-service dates are now set for 2023, and the project carries a price tag of more than $30 billion.The separate suits were both filed
  
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• Russia Hurting, but Oil Remains Supportive

  28-06-2022 08:55
  June 28, 2022--Researched by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Crude oil prices on Monday were in a holding pattern as the G7 mulled its next steps in pressuring Russia, which may be set to default on its foreign debt for the first time in more than a century.The invasion of Ukraine and the resulting shakeup of the geopolitical order are at the top of the agenda for both meetings. Already, the G7 moved to ban imports of Russian gold in an effort to curb what goes
  
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• Mountain Valley Pipeline Seeks 4-Year Extension to Complete Project

  28-06-2022 08:45
  June 28, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Citing ongoing legal and permitting challenges, developers of the Mountain Valley Pipeline (MVP) are asking the Federal Energy Regulatory Commission (FERC) to extend the deadline to complete the project to October 13, 2026.Now 94% complete, the 303-mile natural gas pipeline from West Virginia to southern Virginia has been beset by litigation and unfavorable court rulings. In May, Equitrans Midstream Corporation (NYSE:ETR
  
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• DPR Construction Has Hand in $7.8 Billion Worth of Projects

  28-06-2022 08:45
  June 28, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Founded a little more than 30 years ago, DPR Construction (Redwood City, California) grew steadily and in 2021 was ranked by Engineering News-Record as the No. 10 general contractor in the U.S. Among the strong markets DPR has entered are data centers and Pharmaceutical-Biotech projects. Geographically, the West Coast market region leads DPR's project activity in terms of overall value, followed by the Southeast and Rock
  
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• U.S. Oil Exports, Pemex: Your Daily Energy News

  28-06-2022 08:35
  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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• Europe Turns to Israel & Egypt For Gas

  28-06-2022 08:11
  GALWAY, IRELAND--June 28, 2022--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The European Union (EU) has struck a landmark deal with Israel and Egypt for the supply of liquefied natural gas (LNG) as Russia continues to restrict gas flows into Europe.
  Within this article: Details landmark LNG deal, technical aspects, Israeli gas fields, related pipeline projects
  
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• Transmission Buildout Grows in Western U.S.

  27-06-2022 08:55
  June 27, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Wyoming energy interests have some good news to report. The Cowboy State, beset with the closure of coal-fired power plants and coal mines, received federal and state authorization to begin construction of Energy Gateway South, a 416-mile, 500-kilovolt transmission project. It is part of a larger, region-wide Energy Gateway transmission expansion being developed by PacifiCorp (Portland, Oregon), a unit of Berk
  
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• No 'Green Status' for Nuclear and Gas-fired Power

  27-06-2022 08:51
  GALWAY, IRELAND--June 27, 2022--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe has rejected controversial plans to include gas and nuclear power in its list of "green investments" in an effort to accelerate Europe's shift toward renewable energy.Within this article: Details early rejection of vote to offer temporary green status to nuclear and gas-fired projects, reasoning, diverse attitudes to nuclear power in Europe, final vote in July
  
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• U.S. Chemical Producers Plan Maintenance as Output Accelerates

  27-06-2022 08:50
  June 27, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Chemical Processing Industry is expected to see solid growth through the end of 2022, according to a recent report from the American Chemistry Council (ACC). But the trade group warns supply-chain issues and inflation could hinder capacity growth. This likely means chemical producers will need to keep their existing facilities in the best shape.Industrial Info is tracking more than $580 million in maintenance-re
  
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• U.S. Rig Count, Nord Stream 2 Repurposing: Your Daily Energy News

  27-06-2022 08:35
  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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• Zambia Moves to Strengthen Mining Sector

  27-06-2022 07:35
  NEW DELHI--June 27, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Zambia has vast resources of copper, gold and other mineral deposits that make up a big part of the country's economy. Zambia exported US$5.77 billion worth of raw copper in 2020, making it the world's largest exporter of the mineral, according to OEC Group.
  
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• Japan Invests Heavily in Nuclear Decommissioning, Dismantlement

  27-06-2022 07:30
  KOFU, JAPAN--June 27, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Japan's major power companies are upping their budgets significantly to include decommissioning and dismantlement projects at nuclear power plants.
  
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• TotalEnergies Prepares to Resume Mozambique LNG Project

  27-06-2022 07:06
  NEW DELHI--June 27, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--TotalEnergies SE (Courbevoie, France) is awaiting the return of state services and the local population before ending force majeure and recommencing work at its Mozambique liquefied natural gas (LNG) project. TotalEnergies previously envisaged resuming work during second-quarter 2022 after an insurgent attack in the Cabo Delgaro region stopped the project.
  
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• U.S. Pushes for More Direct Air Capture, Other Carbon-Cutting Technologies

  24-06-2022 08:55
  June 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration in backing direct air capture (DAC) projects, which separate CO2 from the air, then stores it or uses it in value-added products. In April, the Department of Energy announced $14 million in funding for five studies that will use zero- or low-carbon energy to supply DAC projects. Industrial Info is tracking $2.15 billion of projects related to carbon-capture across the U.S., including those from m
  
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• Some Canadians Have Enjoyed a Gas-Tax Holiday Since April

  24-06-2022 08:50
  June 24, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Against the backdrop of near-universal criticism of President Joe Biden's proposed gas-tax holiday, the provincial government of oil-rich Alberta has extended its own relief program through the end of the summer--with more praise than condemnation.The government in Alberta offered a 13-cent-per-liter tax break on retail fuels beginning April 1. Like other economies, consumers there are struggling with hig
  
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• Power Industry Leads Colorado's $4 Billion in Projects Under Construction

  24-06-2022 08:45
  June 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Colorado boasts a range of industries with projects under construction. While the Power Industry takes the lead in project value with $1.5 billion worth of projects underway, other industries such Metals & Minerals and Food & Beverage also make a strong showing. Industrial Info is tracking more than $4 billion worth of projects under construction in the state.Companies featured: NextEra Energy Incorporated (NYSE:
  
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• Chevron, U.S. Natural Gas Futures Plummet: Your Daily Energy News

  24-06-2022 08:35
  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:Chevron Corporation (NYSE:CVX)
  
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• India's GAIL to Pump $6 Billion into Chemical Industry, Green Hydrogen

  24-06-2022 07:35
  NEW DELHI--Researched by Industrial Info Resources (Sugar Land, Texas)--GAIL (India) Limited (New Delhi, India), India's leading natural gas company, is planning to invest more than US$6 billion in the India's Chemical Processing Industry by 2027. GAIL holds diversified interests across the natural gas value chain, including production, transmission, LNG re-gasification and petrochemicals, and is trying to invest in new products and technology.
  
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• China's First PDH Unit to Use Home-Grown Technology Put into Operation

  24-06-2022 07:23
  BEIJING--June 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Puyang Yuandong Technology has put into operation a 150,000-ton-per-year propane dehydrogenation (PDH) unit using technology that was developed in China.
  
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• Sanjiang Chemical's 1 Million-Ton EO/EG Unit to Start up in December

  24-06-2022 07:08
  BEIJING--June 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Sanjiang Chemical (Jiaxing, China) is at work on a 1.25 million-ton light hydrocarbon utilization project
  
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