Production & Industry news

• North American Industrial Project Activity Up 36%

  18-06-2021 08:50 via industrialinfo.com
  SUGAR LAND--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--In May 2020, Industrial Info's North American Industrial Spending Index, a monthly measure of project investments, was down by $174.09 billion, or 31%, from a year earlier, as the region coped with the economic fallout from the COVID-19 pandemic and plummeting oil prices. Things have changed a lot since then. The spending index has registered spending gains each month this year in the U.S. as the economy cont
  
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• Data Centers, Auto Parts Lead U.S. Mid-Atlantic Region to $3 Billion in Planned Third-Quarter Industrial Manufacturing Project Starts

  18-06-2021 08:45 via industrialinfo.com
  SUGAR LAND--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--While the U.S. Mid-Atlantic market region, which includes Maryland, North Carolina, South Carolina, Virginia and West Virginia, perhaps isn't the manufacturing powerhouse that other regions such as the Great Lakes area are, Industrial Info is tracking more than $3 billion of Industrial Manufacturing projects that are planned to kick off in the region in the upcoming third quarter of 2021. Various sectors comp
  
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• Crude Oil Price Volatility, U.S. Renewable Energy Consumption: Your Daily Energy News

  18-06-2021 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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• Africa's Chemical Industry Expands

  18-06-2021 07:57 via industrialinfo.com
  NEW DELHI, INDIA--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Over the coming decades, the world's population is expected to reach approximately 9 billion. It is estimated that most of this increase will occur in developing regions such as sub-Saharan Africa. A growing population means more demand in products, and therefore in chemicals, in the foreseeable future. Industrial Info is tracking more than 300 chemical projects in Africa valued at $52.85 billion in var
  
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• China's Cement Makers See Boom in New Pyroprocessing Lines, Plans $17.5 Billion in Projects

  18-06-2021 07:33 via industrialinfo.com
  BEIJING--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--China produced 2.377 billion tons of cement in 2020, up 1.6% year on year, according to China's National Bureau of Statistics. China's cement output reflects the nation's cement capacity replacement policy, in which cement clinker pyroprocessing lines in selected areas are replaced by lines in other areas in order to reduce pollution.
  
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• China's Cement Makers See Boom in New Pyroprocessing Lines, Plan $17.5 Billion in Projects

  18-06-2021 07:33 via industrialinfo.com
  BEIJING--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--China produced 2.377 billion tons of cement in 2020, up 1.6% year on year, according to China's National Bureau of Statistics. China's cement output reflects the nation's cement capacity replacement policy, in which cement clinker pyroprocessing lines in selected areas are replaced by lines in other areas in order to reduce pollution.
  
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• China to Ramp Up Investment in Iron Ore Exploration and Development

  18-06-2021 07:32 via industrialinfo.com
  BEIJING--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Recently, China's National Development and Reform Commission announced that it will intensify the exploration and development of iron ore resources, and accelerate the construction of new iron ore projects and projects in production.
  
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• South Korea's LG Chemical Plans $2.7 Billion in Projects

  18-06-2021 07:30 via industrialinfo.com
  KOFU, JAPAN--July 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--LG Chemical Limited, one of the largest chemical-processing companies in South Korea, plans to spend $2.69 billion on 115 projects, including plant maintenance, grassroot, unit-addition, equipment-addition, upgrade and environmental-compliance plans.
  
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• Auto Makers in Germany Plan $2.86 Billion Project Starts Over the Next 12 Months

  18-06-2021 07:28 via industrialinfo.com
  GALWAY, IRELAND--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Hampered by bottlenecks in the semiconductor supply, Germany's automotive production fell 12.1%.
  
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• South Korea's Hyundai Oilbank to Spend $547 Million on Refining Projects

  18-06-2021 07:25 via industrialinfo.com
  KOFU, JAPAN--June 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Oilbank Company Limited (Daesan, South Korea), one of the largest oil refiners in South Korea, plans to spend more than $546 million on 32 projects, including plant maintenance, unit-addition, equipment-addition, revamp, upgrade and environmental-compliance projects.
  
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• Mexico's Manufacturers Embrace 'Industry 4.0'

  18-06-2021 07:25 via industrialinfo.com
  CORDOBA, ARGENTINA--July 18, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Automotive and manufacturing companies in Mexico are continuously upgrading their technological processes to enhance capabilities and minimize production costs. Many Mexican firms are embracing "Industry 4.0," which seeks to improve the concept of traditional manufacturing through industrial transformation, via new and smart technology.
  
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• U.S. Chemical Producers Plot Third-Quarter Maintenance as Growth Blossoms

  17-06-2021 08:55 via industrialinfo.com
  SUGAR LAND--June 17, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Prospects for an accelerated economic recovery in the second half of 2021 are brightening the outlook for the U.S. Chemical Processing Industry, as domestic producers expect to see stronger demand for petrochemical products, specialty chemicals, plastics and other goods. Industrial Info is tracking more than $577 million in maintenance-related projects at U.S. chemical plants that are set to kick off in the t
  
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• Metals & Minerals Firms Developing $67 Billion Worth of Power Generation

  17-06-2021 08:40 via industrialinfo.com
  SUGAR LAND--June 17, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Metals & Minerals operations are by far the largest industrial market for independent power generation, accounting for 47% of the value of projects owned by industrial producers. Currently there are 1,757 independent electricity producer projects in the Metals & Minerals Industry, totaling more than $67 billion around the globe.
  
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• BASF, U.S. Refinery Utilization Up: Your Daily Energy News

  17-06-2021 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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• Pandemic Leads to Strong Upgrade, Modernization Project Activity in Brazil

  17-06-2021 07:44 via industrialinfo.com
  CORDOBA, ARGENTINA--June 17, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic has made it more difficult for Brazil's manufacturers to obtain new machinery in a timely manner--especially imported equipment. One solution is to modernize or upgrade existing equipment, such as grinding machines, boring machines and gear generators.
  
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• China Sees Rapidly Growing Demand for Lithium Hexafluorophosphate (LiPF6)

  17-06-2021 07:10 via industrialinfo.com
  BEIJING--July 17, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The market price for lithium hexafluorophosphate (LiPF6), which is used in lithium-ion battery production, has nearly tripled so far in 2021, and reached a four-year high of CNY$315,000 (US$49,238) per ton on June 8.
  
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• A Long, Hot Summer Spells Power Trouble in California and Texas

  16-06-2021 08:55 via industrialinfo.com
  SUGAR LAND, TEXAS--June 16, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The electric system in several parts of North America is expected to be tested this summer, and power outages are expected if above-normal temperatures drive up air-conditioning use and lead to a greater-than-average number of unplanned outages at electric generators, the North American Electric Reliability Corporation (NERC) (Atlanta, Georgia) said in a late-May report on the nation's summe
  
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• Data Center Drive Leads U.S. West Coast to More than $3 Billion in Planned Third-Quarter Industrial Manufacturing Project Starts

  16-06-2021 08:45 via industrialinfo.com
  SUGAR LAND--June 16, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--As the U.S. increasingly turns online for everything from shopping to education, data center construction is playing a larger role in Industrial Info's project coverage. In the U.S. West Coast market region, which includes Alaska, California, Oregon and Washington, data center projects account for more than half of the of the project value of the $3 billion in Industrial Manufacturing projects planned to kick
  
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• Starwood Energy Group, New Mexico Oil & Gas Production: Your Daily Energy News

  16-06-2021 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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• U.K. Loses Another Nuclear Power Plant

  16-06-2021 08:11 via industrialinfo.com
  GALWAY, IRELAND--June 16, 2021--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Power supplies in the U.K. are set to tighten following a decision by the subsidiary of French energy major Électricité de France SA (EPA:EDF) (Paris) to move the Dungeness B nuclear power station in Kent into the defuelling phase with "immediate effect."Within this article: Details early plant closure, technical issues, additional plant closures, new nuclear power p
  
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• India Hosts More than $35 Billion in Oil & Gas Projects

  16-06-2021 07:30 via industrialinfo.com
  NEW DELHI--June 16, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--India is moving ahead with plans to make natural gas 20% of its energy mix by 2030, and it now leads the South Asian region in oil and gas projects. The move to natural gas is fueling the development of grassroot liquefied natural gas (LNG) regasification facilities, as well as pipelines to connect them with end customers.
  
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• Japan's Mitsui Chemicals Targets Growth Investments Through 2030

  16-06-2021 07:25 via industrialinfo.com
  KOFU, JAPAN--June 16, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Mitsui Chemicals Incorporated (Minato City, Tokyo, Japan) has drawn up its "VISION 2030 Long-Term Business Plan," which calls for investing 1.8 trillion yen (US$16 billion) toward growth over fiscal years 2021-2030, evenly split between strategic investments and internal growth.
  
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• India's COVID-19 Wave Hinders Auto Industry

  16-06-2021 07:12 via industrialinfo.com
  NEW DELHI--June 16, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--India's automobile industry, a major contributor to the country's GDP and employment, has been weakened by the COVID-19 crisis for the second consecutive year. As per the Society of Indian Automobile Manufacturers' (SIAM) estimates, the auto industry lost money for every day of closure during lockdown.
  
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• Big Oil Keeping its Capital Discipline Pledge

  15-06-2021 08:55 via industrialinfo.com
  SUGAR LAND, TEXAS--June 15, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--They took the pledge and, so far, they're keeping it. Oil companies, stung in recent years by various reversals, including low crude oil prices and widespread demand destruction stemming from last year's COVID-19 pandemic, promised investors that when crude oil prices rose again, they would spend the incremental cash flow on debt repayment and increased dividends. They promised they would no
  
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• Canada's New Thermal Coal Policy Not Expected to Impact Majority of Mining Projects

  15-06-2021 08:50 via industrialinfo.com
  SUGAR LAND--June 15, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada has announced that it will not approve new thermal coal mining projects, or plans to expand existing mines, because of the potential for environmental damage. "The government considers that these projects are likely to cause unacceptable environmental effects within federal jurisdiction and are not aligned with Canada's domestic and international climate change commitments," said Canada's Environment M
  
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• Export Demand Drives Western Canada's Canola, Soybean Investments

  15-06-2021 08:40 via industrialinfo.com
  SUGAR LAND--June 15, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking a surge of new capital expenditures in canola and soybean projects in Western Canada's Food & Beverage Industry. Just in 2021, the region is expected to see more than $1.3 billion in spending on soybean and canola projects.
  
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• Enbridge, Shell, U.S. Shale Oil Output: Your Daily Energy News

  15-06-2021 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:Enbridge Incorporated (NYSE:ENB), Royal Dutch Shell (NYSE:RDS-A)
  
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• ArcelorMittal Bids for French Steel Assets of Troubled GFG Alliance

  15-06-2021 08:11 via industrialinfo.com
  GALWAY, IRELAND--June 15, 2021--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--ArcelorMittal (NYSE:MT) (Luxembourg, Luxembourg) is seeking approval from the European Union (EU) to buy the French steel assets of Liberty Steel France, owned by beleaguered tycoon Sanjeev Gupta and his GFG Alliance (London, England) company.
  Within this article: Details bid for French steel plants, financial woes of GFG Alliance, additional planned sales, projects hanging in the
  
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• Middle East Chemical Industry to Witness Substantial Production Growth by 2023

  15-06-2021 07:53 via industrialinfo.com
  NEW DELHI, INDIA--June 15, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The Middle East is the one of the biggest manufacturers of chemical products and hosts prominent companies like Saudi Aramco and SABIC (Saudi Arabia), ADNOC (UAE) and NPC (Iran). In order to diversify their economies and help the local chemical industry grow, many countries have invested billions of dollars to build numerous grassroot plants and units which will significantly increase their production c
  
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• Germany's Government Earmarks 8 Billion Euros for Hydrogen Projects

  15-06-2021 07:35 via industrialinfo.com
  NEW DELHI--June 15, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--In late May, Germany's federal economics and transport ministries announced the selection of 62 state-funded large-scale hydrogen projects as part of a joint European program to achieve carbon neutrality.
  
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• Explosion, Fire at Grease Manufacturing Plant in Illinois Causes Mile-Wide Evacuation

  14-06-2021 19:40 via industrialinfo.com
  SUGAR LAND--June 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--A large fire that erupted Monday morning at a Chemtool Incorporated grease manufacturing plant in Rockton, Illinois, resulted in an evacuation within a one-mile radius of the plant site.Companies featured: Berkshire Hathaway Company (NYSE:BRK.A)
  
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• Explosion, Fire at Grease Manufacturing Plant in Illinois Causes Mile-Radius Evacuation

  14-06-2021 19:40 via industrialinfo.com
  SUGAR LAND--June 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--A large fire that erupted Monday morning at a Chemtool Incorporated grease manufacturing plant in Rockton, Illinois, resulted in an evacuation within a one-mile radius of the plant site.Companies featured: Berkshire Hathaway Company (NYSE:BRK.A)
  
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• Magellan Midstream Sells Some Terminals, Expands Others as it Looks to Brighter 2021

  14-06-2021 08:55 via industrialinfo.com
  SUGAR LAND--June 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) announced Thursday it had agreed to sell its independent terminals network, which comprises 26 refined petroleum products terminals with approximately 6 million barrels of storage, to Buckeye Partners LP (NYSE:BPL) (Houston, Texas) for $435 million. These terminals are "independent" because they are not attached to Magellan's own pipelines, but to th
  
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• Canada's Alberta Province is Feeling Blue -- for Hydrogen

  14-06-2021 08:50 via industrialinfo.com
  SUGAR LAND--June 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--In the race to decarbonize, not everybody sees green when it comes to hydrogen. While the idea of "green hydrogen" is attracting a lot of attention in the fight against climate change, Canada is betting on "blue hydrogen" in its drive to achieve net zero carbon emissions by 2050.Within this article: Alberta's "blue hydrogen" agendaCompanies featured: Air Products (NYSE:APD), BP plc (NYSE:BP)
  
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• Distribution & Warehousing Paves Way for $4 Billion in Third-Quarter Industrial Manufacturing Project Starts in Great Lakes Region

  14-06-2021 08:45 via industrialinfo.com
  SUGAR LAND--June 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The COVID-19 pandemic is a tragic event, and e-commerce and delivery companies have met the challenge by providing more services than ever before in times of lockdowns and health precautions. United Parcel Service Incorporated's (NYSE:UPS) (UPS) (Sandy Springs, Georgia) first-quarter 2021 revenues increased 27% year over year, to $22.9 billion. Amazon.com Incorporated (NASDAQ:AMZN) has become the king of e-co
  
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• First Solar Plans Third Photovoltaic Solar Plant in Ohio

  14-06-2021 08:40 via industrialinfo.com
  SUGAR LAND--June 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) is planning to build a third photovoltaic (PV) thin-film solar module manufacturing plant in Wood County, Ohio. This new plant will enable the company to expand its existing manufacturing capacity in the area to 6 gigawatts.
  
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• Tourmaline Oil, U.S. Rig Count, California Heat Wave: Your Daily Energy News

  14-06-2021 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:Baker Hughes Company (NYSE:BKR), Tourmaline Oil Corporation (TSX:TOU)
  
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• Russia Finishes First Nord Stream 2 Line Despite Sanctions

  14-06-2021 08:11 via industrialinfo.com
  GALWAY, IRELAND--June 14, 2021--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Russia's President Vladimir Putin has confirmed that the first of two lines of the controversial $11 billion Nord Stream 2 pipeline from Russia to Europe has been completed despite more than a year of sanctions by the U.S.Within this article: Details project progression, obstacles, political fallout, investment, capacity, partners
  
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• Keystone XL Pipeline Termination: Not the First or the Last Project to Fall

  11-06-2021 08:55 via industrialinfo.com
  SUGAR LAND, TEXAS--June 11, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--This week's decision by TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) to terminate the partially built Keystone XL crude oil pipeline was the most recent example of death by litigation for oil & gas pipeline projects, but it is unlikely to be the last. The addition of another high-profile victory over monied interests emboldened environmental activists.
  Within this article: Large p
  
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• Renewables Dominate Planned Third-Quarter Power Project Starts in Rocky Mountains Region

  11-06-2021 08:45 via industrialinfo.com
  SUGAR LAND--June 11, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--When it comes to new power generating capacity being constructed in the U.S., renewable energy dominates the landscape, and the Rocky Mountains market region is no different. The region, which includes Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming, is home to nearly $3.3 billion in planned third-quarter 2021 power project starts, mostly in the form of solar and wind energy.Companies
  
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• Duke Energy, Nord Stream 2, U.S. Crude Oil Output: Your Daily Energy News

  11-06-2021 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:Duke Energy Corporation (NYSE:DUK)
  
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• Spain's Ceramics Producers Plan for Solid Growth

  11-06-2021 07:24 via industrialinfo.com
  GALWAY, IRELAND--June 11, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Spain is one of top ceramic producers in Europe, with the bulk of its production concentrated in the Valencia region. Fueled by recent market demands, Spain's ceramic tile market is forecasted to see solid growth over the next five years.
  
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• Key Players in China's CDMO Pharma-Bio Market Push Forward

  11-06-2021 07:05 via industrialinfo.com
  BEIJING--June 11, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Key players in the Chinese contract development and manufacturing organization (CDMO) market such as Wuxi AppTec & Wuxi Biologics, Asymchem Laboratories (Tianjin) Co., Ltd., Porton Pharma Solutions Ltd., Apeloa Pharmaceutical Co., Ltd and Zhejiang Jiuzhou Pharmaceutical Co. Ltd, among others, have employed various strategies to expand their product and application offerings and global footprint, and augment
  
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• 'Smart Manufacturing' Arrives in Latin America

  11-06-2021 07:01 via industrialinfo.com
  CORDOBA, ARGENTINA--June 11, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--"Smart manufacturing" presents several solutions through modern technologies. The concept entails the complete digitization of the value chain through data processing technologies, and intelligent software and sensors, from suppliers to customers. Industries across Latin America are implementing this new concept. Industrial Info is monitoring 50 Latin American projects in the Industrial Manufacturing,
  
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• New Pipelines Unlock Waha Hub's Natural Gas Takeaway Capacity

  10-06-2021 08:50 via industrialinfo.com
  SUGAR LAND--June 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--New natural gas pipelines in Texas and Mexico have increased takeaway capacity from the Waha Hub in West Texas, narrowing the price gap between the Waha Hub and the Henry Hub, notes the U.S. Energy Information Administration (EIA).Companies featured: Kinder Morgan (NYSE:KMI), Williams Companies Incorporated (NYSE:WMB)
  
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• Solar Development Leads Texas to $2.5 Billion in Third-Quarter Power Project Starts

  10-06-2021 08:45 via industrialinfo.com
  SUGAR LAND--June 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Texas is well positioned for solar-energy development due to its abundant sunshine and competitive retail energy market. However, the state's current growth of renewable energy is outpacing grid capacity, causing utilities to curtail production. Industrial Info is tracking $2.5 billion in high- and medium-probability (70-99% chance of kicking off as planned) Power Industry projects in Texas that are planned t
  
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• ExxonMobil, U.S. LNG Exports: Your Daily Energy News

  10-06-2021 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:Exxon Mobil Corporation (NYSE:XOM)
  
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• China's PetroChina, Others Bet on Strategy of 'Less Fuel, More Chemicals'

  10-06-2021 07:45 via industrialinfo.com
  BEIJING--June 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Many refineries are embracing a philosophy of "less fuel, more chemicals" as the demand for fossil fuels shrinks. Upgrades can enable refineries to produce products such as olefins or aromatics.
  
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• Shell's Nigeria Offshore Project Sees Ray of Hope

  10-06-2021 07:39 via industrialinfo.com
  NEW DELHI, INDIA--June 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--After facing multiple delays, Shell's $12 billion Bonga South West Aparo offshore project in Nigeria seems to be back on track. The company is expecting the final investment decision in the second half of this year.
  
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• Thailand Revises Power Development Plan to Better Meet Demand

  10-06-2021 07:20 via industrialinfo.com
  MANILA, PHILIPPINES--June 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The Electricity Generating Authority of Thailand (EGAT) is developing power plant projects in accordance with its revised Power Development Plan 2018. The state-owned entity aims to better stabilize Thailand's power generation, in an effort to revive the economy as Thailand accelerates its COVID-19 vaccination efforts.
  
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