Production & Industry news

• French Power Transmission Operator Proposes US$108 Billion Investment

  28-03-2024 06:08 via industrialinfo.com
  NEW DELHI--March 28, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--French transmission system operator Réseau de Transport d'Électricité (RTE) (Paris)has proposed a landmark investment of 100 billion euros (US$108 billion) by 2040 to revamp its network, aligning with France and Europe's energy and climate objectives. Key focuses include reducing dependence on imported fossil fuels, bolstering carbon-free electricity production, and fortifying energy sove
  
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• NextDecade Expects Train 4 FID for Rio Grande This Year

  13-05-2024 08:55 via industrialinfo.com
  
  May 13, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With purchase options already in place, energy company NextDecade (NASDAQ:NEXT) (Houston, Texas) said it expected to make a final investment decision (FID) on a fourth liquefaction facility at its planned Rio Grande LNG export project in Texas.NextDecade is building its Rio Grande facility for liquefied natural gas (LNG) near the Brownsville shipping channel on the Texas Gulf Coast. Its lease includes 15,0
  
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• Texas Leads Charge in U.S. Battery Energy Storage Deployment

  13-05-2024 08:45 via industrialinfo.com
  
  May 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Energy Information Administration (EIA) said earlier this year that it expects developers will bring more than 300 battery energy storage systems (BESS) online in the U.S. by 2025, and that about 50% of this capacity is bound for Texas. The Lone Star State is home to some of the largest BESS projects, which often accompany solar power developments, but also are being increasingly built as standalone units.
  
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• ALLETE's Clean-Energy Journey Continues, with Canadian and New York Money

  13-05-2024 08:45 via industrialinfo.com
  
  May 10, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Building a clean-energy future isn't cheap, but ALLETE Incorporated (NYSE:ALE) (Duluth, Minnesota), corporate parent to Minnesota Power (Duluth), will be better able to continue its sustainability strategy following its May 6 decision to be acquired by a consortium of institutional investors from Canada and New York.Industrial Info is tracking about 25 electricity capital projects under development by an ALLETE
  
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• U.K. Pauses Plans for 'Hydrogen Town'

  13-05-2024 08:40 via industrialinfo.com
  
  May 13, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The United Kingdom said it was postponing plans to switch some consumers from natural gas to hydrogen in light of recent protests.The British Department for Energy Security and Net Zero, along with the Department for Business, Energy and Industrial Strategy, in 2022 invited gas distributers to apply for funding to develop plans for the use of hydrogen for heat.
  Studies, however, suggest hydrogen is not yet
  
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• U.S. Rig Count, Renewable Power Use: Your Daily Energy News

  13-05-2024 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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• France Launches Major Offshore Wind Drive

  13-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 13, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--France is ramping up efforts to grow its offshore wind sector by launching a tender for four offshore projects with a combined generating capacity of 2.5 gigawatts (GW).
  Within this article: Details new French offshore wind tender, future tenders, offshore wind goals, existing offshore windfarms, investment
  
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• Asia's Chlor-Alkali Sector Attracts Substantial Investment

  13-05-2024 07:40 via industrialinfo.com
  
  Researched by Industrial Info Resources (Sugar Land, Texas)--The chlor-alkali sector plays a vital role in the Chemical Processing Industry. Developers use electrolysis to produce chlorine, hydrogen and sodium hydroxide (caustic soda) from sodium chloride (salt). The Asia Pacific region is expected to have a major influence on the chlor-alkali market, with its rising urban population and industrial growth necessitating sophisticated water treatment solutions.
  
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• French Regulator Greenlights EDF for Flamanville EPR Startup

  13-05-2024 07:07 via industrialinfo.com
  
  NEW DELHI--May 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas--French utility Electricite de France (EDF) (Paris) has received approval from the French nuclear safety authority Autorité de sûreté nucléaire (ASN) to initiate the startup process for its 1.6-gigawatt (GW), third-generation nuclear reactor--the European Pressurized Reactor (EPR)--located at Flamanville in north-western France. The authorization permits EDF to load nuclear fuel into th
  
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• Polyester Manufacturing Witnesses Surge of Investments: China Leads The Way

  13-05-2024 07:03 via industrialinfo.com
  
  NEW DELHI--May 13, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Majorly derived from petroleum through polymerization, polyester is a synthetic resin that finds application across various industries, especially consumer durables. According to the Textile Exchange's Materials Market Report 2023, polyester production volumes increased from 61 million tons in 2021 to 63 million tons in 2022. It continues to be the most widely produced fiber globally, making up 54% of productio
  
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• DOE Identifies 10 Preliminary National Transmission Corridors

  10-05-2024 08:55 via industrialinfo.com
  
  May 10, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas) --The Biden administration took another step to accelerate the development of high voltage electric transmission projects May 8 when it released a preliminary list of 10 potential National Interest Electric Transmission Corridors (NIETCs). Inclusion of a corridor on the list does not guarantee its final selection or its eligibility for federal funding. The public can comment on a preliminary NIETC for 45 days, u
  
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• Canadian Solar's Outlook Upbeat, Despite Tough Market, Prices

  10-05-2024 08:55 via industrialinfo.com
  
  May 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As Canadian Solar Incorporated (NASDAQ:CSIQ) (Guelph, Ontario) prepares to benefit from a major outside investment, the company is reckoning with a low-price environment and stiff competition for the solar-components market from China. Industrial Info is tracking more than $10 billion worth of active and planned projects from Canadian Solar worldwide, including about $3.6 billion worth in the U.S. that has a medium-to-hig
  
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• Brazil's Heavy Rains and Floods: Infrastructure Impact Roundup

  10-05-2024 08:50 via industrialinfo.com
  
  May 10, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Heavy rains and floods in Brazil's Rio Grande do Sul have killed more than 100 people and have left more than 150,000 others homeless, according to news sources. About 1.4 million people have been left without electricity as several power plants have shut down due to the floods.Industrial Info continues to monitor plants and facilities across Rio Grande do Sul, including those that have been shut down or cur
  
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• Albemarle Signs Offtake Agreement for Proposed U.S. Lithium Mine Restart

  10-05-2024 08:50 via industrialinfo.com
  
  May 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Albemarle Corporation (NYSE:ALB) (Charlotte, North Carolina) said Wednesday it signed an agreement to "make beneficial use of extracted limestone material" from the company's proposed Kings Mountain Mine restart project in North Carolina. Industrial Info is tracking $7.5 billion worth of active and planned projects from Albemarle, $2.4 billion of which is in the U.S.
  
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• Utility ComEd Introduces New Electric Work Vehicles

  10-05-2024 08:45 via industrialinfo.com
  
  May 10, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Midwest utility company Commonwealth Edison (ComEd) (Chicago, Illinois) said it was adding all-electric bucket trucks to its fleet, part of an ongoing effort to electrify half of its work vehicles.
  
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• Rail Deliveries Follow Canadian Oil Production Trends

  10-05-2024 08:45 via industrialinfo.com
  
  May 10, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Crude oil exports by rail are up more than 50% over the last six months, the Canadian government said as new pipeline capacity opens for foreign deliveries from the nation's west coast.The Canada Energy Regulator said crude oil production in Alberta hit a record high in December at 4.53 million barrels per day (BBL/d). That, in turn, has strained existing pipeline capacity in the nation.
  
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• Georgia Sees $36.8 Billion in Current Industrial Project Construction

  10-05-2024 08:45 via industrialinfo.com
  
  May 10, 2024-- Researched by Industrial Info Resources (Sugar Land, Texas)--Now that units 3 and 4 of the Vogtle nuclear power plant in Waynesboro, Georgia, have been completed, a $30 billion-plus project that lasted a number of years, taking stock of Georgia's existing industrial construction can provide much more insight into the state's project activity. With several high-dollar projects underway in Georgia, Industrial Info is tracking more than $36.8 billion in current industrial project con
  
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• EPA Lawsuits, Citgo, Canadian Oil Sands Production: Your Daily Energy News

  10-05-2024 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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• BYD Picks Indonesia for New Electric Vehicle Plant

  10-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 10, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Chinese car major BYD (Xi'An, China) is to invest US$1.3 billion to build a new electric vehicle (EV) manufacturing plant in Indonesia.
  Within this article: Details BYD's latest EV plant investment, timeline, capacity, related projects and Indonesian EV market
  
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• Namibia Receives World Bank Funding for Renewable Power Buildout

  10-05-2024 07:51 via industrialinfo.com
  
  NEW DELHI--May 10, 2024-- Researched by Industrial Info Resources (Sugar Land, Texas)--In a bid to bolster Namibia's renewable energy infrastructure, the World Bank has sanctioned a US$138.5 million financing package. The initiative aims to fortify the nation's transmission network, facilitating the integration of additional renewable energy projects into the grid.Industrial Info is tracking 12 renewable energy projects, worth nearly US$3 billion, in Namibia.
  
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• France Accelerates Offshore Wind Targets

  10-05-2024 07:35 via industrialinfo.com
  
  NEW DELHI--May 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--France's Ministry of Energy unveiled plans for 2.5 gigawatts (GW) of offshore wind tenders, which are set to be awarded by October 2025. Additionally, the ministry is considering 10 GW of offshore and floating wind-power tenders by September this year.
  
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• Lluvias intensas e inundaciones en Brasil: resumen del impacto en la infraestructura

  10-05-2024 07:29 via industrialinfo.com
  
  10 de mayo, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Las fuertes lluvias e inundaciones en Río Grande do Sul en Brasil han dejado sin hogar a más de 150.000 habitantes y han causado la muerte de más de 100 personas, según múltiples medios. Además, alrededor de 1,4 millones de personas se han quedado sin electricidad debido al cierre de varias centrales eléctricas debido a las inundaciones.
  
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• China Offshore Bitumen Company Limited to Spend $77.7 Million on Refining Projects

  10-05-2024 07:06 via industrialinfo.com
  
  KOFU, JAPAN--May 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas--China Offshore Bitumen Company Limited is a refining company belonging to China National Offshore Oil Corporation (CNOOC) that is located in Shandong Province in east China. China Offshore will spend US$77.7 million on 10 refining projects in China such as unit additions, upgrades and maintenance.
  
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• Vistra Expands Role Across Multiple Power-Generation Sources

  09-05-2024 08:55 via industrialinfo.com
  
  May 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Vistra Corporation (NYSE:VST) (Irving, Texas) is preparing for a slate of projects this year that will affect its role in renewable, fossil-fuel and nuclear generation. The company completed its acquisition of Energy Harbor, which operates the second-largest non-regulated nuclear fleet in the U.S., and it expects to see a long-term acceleration in load growth in most of its service areas.Industrial Info is tracking more th
  
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• Report: U.S. Clean Energy Capacity, PPAs on the Rise

  09-05-2024 08:50 via industrialinfo.com
  
  May 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--In a recent market report from the American Clean Power Association (ACP) (Washington, D.C.), the trade group said the number of U.S. clean energy installations, including solar, wind and energy storage, rose in the just-passed first quarter, as did the amount of power purchase agreements (PPAs) for clean energy.
  
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• IEA Report Has Good News on Manufacturing Clean Energy Technologies

  09-05-2024 08:50 via industrialinfo.com
  
  May 9, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global investment in five types of clean energy manufacturing rose about 70% in 2023, to about $200 billion, according to a new report from the International Energy Agency (IEA) (Paris, France). The investment in producing these technologies--solar photovoltaics (PV), wind generation, batteries, electrolyzers and heat pumps--amounted to about 4% of global economic growth last year, said the report, Advancing Cle
  
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• Gas Prices Seem to Be Changing Energy Mix

  09-05-2024 08:48 via industrialinfo.com
  
  May 9, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Lower natural gas prices continue to take a toll on the broader market, with the U.S. Department of Energy (DOE) pointing to lower gas production as a result.
  
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• Ryder Sees Costs an Obstacle to EVs

  09-05-2024 08:45 via industrialinfo.com
  
  May 9, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Transportation and logistics company Ryder System Incorporated (NYSE:R) (Miami, Florida) claims a study on switching from diesel to electric vehicles (EVs) shows the move would be cost prohibitive because of a lack of available charging infrastructure."For many of our customers, the business case for converting to EV technology just isn't there yet, given the limitations of the technology and lack of suffic
  
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• IIR Webinar: ESG Elements Give Big Boost to Chemical Industry Spending

  09-05-2024 08:45 via industrialinfo.com
  
  May 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--One theme dominated Industrial Info's webinar held this week on the global Chemical Processing Industry: the rise of spending for environmental, social and governance (ESG) initiatives. In Wednesday's presentation, Trey Hamblet, Industrial Info's vice president of research for the Chemical Industry, discussed the outsize role that the quest for greener commodities is having on the industry.Hamblet noted that there is $840
  
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• Suncor, Record U.S. Power Use: Your Daily Energy News

  09-05-2024 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:Suncor Energy Incorporated (NYSE:SU)
  
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