Production & Industry news

• Hyundai Signs Texas Solar PPA for Georgia Assembly Plants

  01-05-2024 08:45 via industrialinfo.com
  May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Motor Company (Seoul, South Korea) is one of the latest companies to sign a power purchase agreement (PPA) for the output from a renewable power plant to offset emissions at facilities that the company is building in Georgia. However, as the Texas solar plant and Hyundai's upcoming plants will occupy two completely separate power grids, critics are wondering how effective long-distance contracts such as Hyundai's a
  
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• In the U.S., Plans to Build New Gas-Fired Power Plants Still Trail Renewables

  15-05-2024 08:55 via industrialinfo.com
  
  May 15, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Hundreds of U.S. power generation projects are scheduled to begin construction between January 2024 and December 2026, and the overwhelming majority of them are non-emitting renewable projects, such as solar, wind, and pumped storage hydropower. As such, developers appear not to be heeding the calls of utilities, reliability organizations and regional grid operators to add more dispatchable generation, such as
  
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• EIA: U.S. EVs, Hybrid Sales Dip Slightly in Q1

  15-05-2024 08:50 via industrialinfo.com
  
  May 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) accounted for 18% of total light-duty vehicle (LDV) sales in the U.S. in the first quarter, down slightly from 18.8% in fourth-quarter 2023, according to the U.S. Energy Information Administration (EIA), citing data from Wards Intelligence. Industrial Info is tracking $60 billion worth of EV-related projects under construction
  
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• BrightNight, Cordelio Power Secure Financing for Arizona Solar Project

  15-05-2024 08:45 via industrialinfo.com
  
  May 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable energy developers BrightNight LLC (West Palm Beach, Florida) and Cordelio Power LP (Toronto, Ontario) have received a $414 million financing package for a joint venture solar power facility in Arizona, which they are building for BOCA bn, a group of which they are co-members and that owns the plant, benefitting from a power purchase agreement (PPA) negotiated by BrightNight.
  
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• TechnipFMC Bags Aussie LNG Contract from Woodside

  15-05-2024 08:40 via industrialinfo.com
  
  May 15, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With gas embedded in the energy mix for the foreseeable future, upstream services firm TechnipFMC (NYSE:FTI) (London, England) said it secured a contract to provide subsea infrastructure to support liquefied natural gas (LNG) output from Australia.TechnipFMC said it secured a contract for Aussie-focused Woodside Energy Group (NYSE:WDS) (Perth, Australia) for subsea infrastructure that's expected to support
  
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• U.S. Oil and Gas Production Shows Modest Gains, if Any at All

  15-05-2024 08:35 via industrialinfo.com
  
  May 15, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With upstream activity static amid lower commodity prices, the U.S. Department of Energy said it expected only incremental gains in oil production and a decline in the natural gas sector for June.
  
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• OPEC Oil Demand Forecast, Plug Power's DOE Loan: Your Daily Energy News

  15-05-2024 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:Marathon Petroleum Corporation (NYSE:MPC), Plug Power (NASDAQ:PLUG)
  
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• Enel Signs Agreements to Sell Peru Power Generation Assets

  15-05-2024 08:30 via industrialinfo.com
  
  May 15, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Enel SpA (Rome, Italy) decided to sell its electricity generation branch in Peru to Niagara Energy (Peru) a year after selling its distribution units to a Chinese company.
  Enel Peru has signed an agreement to sell its stakes to Niagara Energy at Enel Generacion Peru and Compañia Energetica Veracruz in a deal equivalent to US$1.3 billion. The deal was first announced in November last year and is now mo
  
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• Merck Confirms New German Research Plant

  15-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 15, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--German biotech major Merck KGaA (Darmstadt, Germany) has confirmed plans to spend 300 million euro (US$323 million) to construct a new advanced research center at its headquarters in Darmstadt, Germany.Within this article: Details investment by Merck at main German pharma campus, timeline, products, recent financials
  
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• Australia's Future Gas Strategy Sees Gas Critical Through 2050

  15-05-2024 07:59 via industrialinfo.com
  
  May 15, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--While declaring everlasting fidelity to climate goals, a new Australian government report also says, "Gas must remain affordable for Australian users throughout the transition to net zero." It also states that new sources of gas will be critical to maintaining affordability to consumers.
  
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• Nigeria Explores Biofuels Production

  15-05-2024 07:01 via industrialinfo.com
  
  NEW DELHI--May 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Biomass refers to any organic material which can be used to generate fuel, such as crops, wood, grasses, and waste materials. The most prominent types of biofuels include bio-oil, biodiesel, bioethanol, bio hydrogen and biogas, which can be produced via numerous processes such as chemical, thermal or biochemical methods.In Nigeria, there are 10 active biofuel projects worth US$1.68 billion, primarily for the pr
  
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• Planned Canadian LNG Plants May Siphon Off Natural Gas Otherwise Exported to U.S.

  14-05-2024 08:55 via industrialinfo.com
  
  May 14, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--After years of delays, Canada's energy industry is finally seeing pipelines to its western seaports open, creating new export opportunities. As those new markets open up, many in the industry believe they will siphon off at least some of what used to be sent to the U.S. because there was nowhere else for it to go.
  
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• Canadian Natural Resources Plots Major Oil Production Growth

  14-05-2024 08:55 via industrialinfo.com
  
  May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Natural Resources Limited (NYSE:CNQ) (CNRL) (Calgary, Alberta) is among the oil and gas producers watching anxiously as wildfires burn up Canada's oil-sands region, which follows a quarter when weaker prices for synthetic crude oil and natural gas diminished earnings. Nonetheless, CNRL is upbeat about its expansion projects in the area, which it expects will benefit from increased shipping on pipelines, including
  
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• Falling Coal Use Hits Adjacent Industries, State Budgets

  14-05-2024 08:50 via industrialinfo.com
  
  May 14, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. utilities continue to reduce their use of coal to generate electricity, and the results are starting to be felt in adjacent industries, such as railroads and coal-mining companies--and in the state capital of Wyoming, where an economy built around the black rock is scrambling to find alternative sources of revenue.Squeezed by environmental regulations and low-priced natural gas, electricity generated from
  
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• Canadian Wildfires Encroach on Oil-Rich Areas

  14-05-2024 08:50 via industrialinfo.com
  
  May 14, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The Canadian government announced hundreds of millions of dollars in investments and tax credits to address wildfires as a busy season threatens installations in oil-rich Alberta and elsewhere.The U.S. National Weather Service has advisories in place for parts of Minnesota and Wisconsin due to smoke from the wildfires in Canada. Forecasters said the smoke is creating unhealthy conditions for vulnerable seg
  
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• BHP, Ivanhoe Electric Enter Partnership to Explore Land for U.S. Mining Projects

  14-05-2024 08:50 via industrialinfo.com
  
  May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Australian mining giant BHP Group Limited (Melbourne) and exploration-technology company Ivanhoe Electric (Vancouver, Canada) have entered a partnership to survey "areas of interest" (AOIs) in the U.S., which could then result in the companies developing and operating mines for copper and other critical minerals in a 50-50 joint venture.
  
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• Construction Firm Walbridge at Work on $12.9 Billion Worth of U.S. Projects

  14-05-2024 08:45 via industrialinfo.com
  
  May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Founded in 1916 in Detroit, Michigan, the heart of the then-developing U.S. automobile sector, design and construction firm Walbridge (Detroit) gained an expertise in automotive construction that dominates the firm's project activity to this day. Not to say that the company hasn't diversified; in addition to Walbridge's automotive projects, Industrial Info also is tracking data centers and life science projects on which t
  
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• U.S. Power Transmission, Rising Shale Oil Production: Your Daily Energy News

  14-05-2024 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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• Ørsted Christens U.S.-Made Offshore Wind Support Vessel

  14-05-2024 08:35 via industrialinfo.com
  
  May 14, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Danish energy company Ørsted A/S (Fredericia)said it christened the first-ever U.S.-built service vessel that will serve as a platform for maintenance of offshore wind facilities.
  
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• Chile and Codelco's Copper Output Drops in March

  14-05-2024 08:30 via industrialinfo.com
  
  May 14, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Chile registered a year-on-year decline in copper output in March despite producing higher volumes in January and February. Lower production from Codelco (Santiago, Chile) mines played a key role in the decrease. The numbers emerged as the copper price per ton surpassed the US$10,000 mark.
  
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• U.K. to Be First European Producer of Advanced Nuclear Fuel

  14-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 14, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The U.K. wants to be the first country in Europe to build an advanced nuclear fuel plant to produce the kind of fuel needed for the next generation of nuclear power reactors.
  Within this article: Details U.K. government investment in advanced nuclear fuel plant, reasons, timeline, targets, global partners
  
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• Braskem Shuts Down Plants in Brazil's Triunfo Due to Heavy Rains

  14-05-2024 07:50 via industrialinfo.com
  
  CORDOBA, ARGENTINA--May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Petrochemical company Braskem S.A. (Sao Paulo, Brazil) has halted production entirely at its plants in the city of Triunfo, in Brazil's state of Rio Grande do Sul, due to extreme weather conditions. Since the beginning of May, the region has been slammed with heavy rains, flooding and roadblocks.
  
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• Brazil Flooding Impacts the Downstream Sector

  14-05-2024 07:41 via industrialinfo.com
  
  CORDOBA, ARGENTINA--May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The heavy rains in Brazil's Rio Grande do Sul have deeply affected the region, causing chaos and disrupting various industries. Numerous companies have been forced to suspend operations, and the downstream sector is facing the impact.The ongoing rainstorm, which began in early May, shows no signs of abating. Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil), on May 7, had to shut down the fluid catalytic u
  
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• Las Inundaciones en Brasil Afectan al Sector de Refinación

  14-05-2024 07:40 via industrialinfo.com
  
  CORDOBA, ARGENTINA--May 14, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Las intensas lluvias en Rio Grande do Sul han causado estragos en la región, provocando caos y perturbando diversas industrias. Numerosas empresas se han visto obligadas a suspender operaciones, y el sector de Refinación está sintiendo el impacto con agudeza.Las intensas lluvias en curso, que comenzaron a principios de mayo, no muestran signos de disminuir.
  
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• Abu Dhabi's EWEC to Add 5.1 GW of Thermal Capacity with CCS Provisions

  14-05-2024 07:08 via industrialinfo.com
  
  NEW DELHI--May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Emirates Water and Electricity Company (EWEC) (Abu Dhabi) has announced plans to increase its thermal capacity by 5.1 gigawatts (GW) by 2030, with provisions for carbon capture and sequestration (CCS) technology. It involves the commissioning of a 2.6-GW open-cycle gas turbine (OCGT) plant by 2027 and a 2.5-GW combined-cycle gas turbine (CCGT) power plant in Taweelah by 2028.Industrial Info is tracking US$1
  
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• Braskem paraliza plantas en Triunfo debido a fuertes lluvias

  14-05-2024 07:00 via industrialinfo.com
  
  CORDOBA, ARGENTINA--14 de mayo, 2024--Investigado por Industrial Info Resources (Sugar Land, Texas)--La petroquímica Braskem decidió interrumpir de manera total la producción en sus plantas ubicades en la ciudad de Triunfo, estado de en Rio Grande do Sul debido a los eventos climáticos extremos que se han estado experimentando desde comienzo del mes de mayo, con fuertes lluvias, inundaciones y bloqueos de carreteras. El proceso de parada general de los activos de nues
  
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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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