Production & Industry news

• 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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• Truce Declared in Colorado Energy Wars

  01-05-2024 08:50 via industrialinfo.com
  May 1, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)-- A truce has been declared in Colorado's long-running energy wars that for years pitted oil and gas companies against environmental organizations. Like all cessation of hostilities, this one needs to be codified with documents, in this case legislation, which is said to be forthcoming.Governor Jared Polis (D) brokered the deal, which was announced late Monday. The agreement requires Democrats in the state legisl
  
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• Trans Mountain Pipeline Expansion Set to Open May 1

  01-05-2024 08:50 via industrialinfo.com
  May 1, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Almost 11 years and US$24.9 billion after original owner Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) applied to Canada's National Energy Board to build a complement to the original Trans Mountain Pipeline, the Trans Mountain Expansion (TMX) is expected to begin transporting oil to the Westridge Marine Terminal in the Port of Vancouver, British Columbia on May 1. Kinder Morgan submitted its original
  
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• Ioneer Says It's Ready for FID on Rhyolite Ridge

  01-05-2024 08:50 via industrialinfo.com
  May 1, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Lithium mining company Ioneer Limited (Sydney, Australia) said it raised gross proceeds of around $25 million, which the company said means its funded enough to move its Rhyolite Ridge project in Nevada through to a final investment decision (FID).
  The company said Monday that it had received firm commitments to raise $25 million through a placement "to institutional, professional and sophisticated investor
  
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• U.S. Proved Oil, Gas Reserves Set Record

  01-05-2024 08:45 via industrialinfo.com
  May 1, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) has released data showing U.S. proved reserves of oil and gas hit record-high levels in 2022, with Texas the clear standout in terms of oil reserves.
  
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• 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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• ExxonMobil, Enterprise Products, Increased Texas Flaring: Your Daily Energy News

  01-05-2024 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:Exxon Mobil Corporation (NYSE:XOM), Enterprise Products Partners LP (NYSE:EPD)
  
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• Chilean Miner Codelco Reports 9.6% Drop in Q1 Copper Output

  01-05-2024 08:30 via industrialinfo.com
  May 1, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Codelco (Santiago, Chile), Chile's largest copper miner, produced 294,773 tons of copper in the first three months of this year, about 9.6% less than during the same period in 2023. However, these numbers are in line with the company's plans, Codelco said in a statement. Including El Abra and Anglo American Sur's output, the company produced 319,000 tons of copper. Codelco owns a minority stake in both operat
  
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• Investment Trends in Mexico's Automotive Sector for 2024

  01-05-2024 08:13 via industrialinfo.com
  CORDOBA, ARGENTINA--May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Investments in the automotive sector in Mexico for 2024 are aimed at continuous growth, focusing on technological innovation, electric vehicles, and autonomous driving technologies. An increase in infrastructure investment for the manufacturing of batteries and electric propulsion systems is expected, reflecting the country's commitment to the industry and its prominent position in vehicle manufacturing
  
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• Tendencias de Inversión en el Sector Automotriz de México para 2024

  01-05-2024 08:12 via industrialinfo.com
  CORDOBA, ARGENTINA--1 de mayo, 2024--Investigado por Industrial Info Resources (Sugar Land, Texas)--Las inversiones en el sector automotriz en México para 2024 apuntan a un crecimiento continuo, centradas en la innovación tecnológica, vehículos eléctricos y tecnologías de conducción autónoma. Se espera un aumento en la inversión en infraestructura para la fabricación de baterías y sistemas de propulsión elé
  
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• Europe's First New Magnesium Mine Gets Green Light

  01-05-2024 08:12 via industrialinfo.com
  GALWAY, IRELAND--May 1, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe is getting ready for a return to magnesium mining following the award of a mining concession to Verde Magnesium (Bucharest, Romania) in Romania.
  Within this article: Details green light for magnesium mining project in Romania, planned investment, potential problems, impact for Europe and its current over-reliance on Chinese imports
  
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• Semiconductor Sector Eyes 103 Million-Square-Foot Capacity Boost

  01-05-2024 08:08 via industrialinfo.com
  NEW DELHI--May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Semiconductors, often called the "bedrock of modern technology," have garnered significant interest amid rapid technological advancements and increasing demand for electronic devices. They continue to play a critical role in powering a wide range of devices like smartphones, computers, automotive systems, aerospace equipment and industrial machinery. They include memory modules, microprocessors and integrated ci
  
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• India's Alcoholic Beverage Industry Poised for Growth

  01-05-2024 07:02 via industrialinfo.com
  NEW DELHI--May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Due to increasing incomes, urban growth, increased access and younger consumers, India's alcoholic beverage industry is expected to reach $64 billion by year-end 2028, according to a report by International Spirits and Wines Association of India (ISWAI).Industrial info is tracking 415 active and planned projects attributed to India's beverage industry, worth US$3.40 billion.
  
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• Petrobras Reactivates Fertilizer Plant Construction in Southern Brazil

  01-05-2024 07:01 via industrialinfo.com
  CORDOBA, ARGENTINA--May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Authorities from Brazil's state-owned oil company Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil)have announced the reactivation of the construction of the fertilizer plant in Três Lagoas, Mato Grosso do Sul, also known as UFN3, which was halted in 2014 when it was 80% complete. The paralysis of this project occurred within the framework of legal investigations for embezzlement and fraud, also known
  
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• Petrobras Reactiva Construcción de Planta de Fertilizantes al Sur de Brasil

  01-05-2024 07:01 via industrialinfo.com
  CORDOBA, ARGENTINA--May 1, 2024--Investigado por Industrial Info Resources (Sugar Land, Texas)--Autoridades de la petrolera estatal de Brasil, Petrobras (NYSE:PBR), han anunciado que se reactiva la construcción de la planta de fertilizantes en Três Lagoas, Mato Grosso do Sul, también conocido como UFN3 que fue paralizada en 2014 cuando estaba a un 80% de construcción. La paralización de este emprendimiento se dio en el marco de investigaciones legales por malver
  
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• Vogtle Unit 4 Begins Commercial Operations

  30-04-2024 08:50 via industrialinfo.com
  April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Alvin W. Vogtle Nuclear Power Station Unit 4 has entered commercial operations, marking the end of the first new nuclear power construction project in the U.S. in more than three decades.
  
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• U.S. Oil Drilling Slumps, but Production Near All-Time Highs

  30-04-2024 08:45 via industrialinfo.com
  April 30, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though production trends continue to hold up, U.S. drillers cut back on oil-related activity by the steepest level since November, data show.Upstream services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) recorded 613 active drilling rigs in the U.S. during the seven-day period ending April 26. That's a 1% decline from last week and a near-20% drop from the same time last year.
  
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• Natural Gas Squeezing Coal off U.S. Grid

  30-04-2024 08:45 via industrialinfo.com
  April 30, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Natural gas on the U.S. grid has increased steadily across all hours of the day since 2021 as coal fades from the electricity sector, the government said."Off-peak natural gas-fired generation rose about 22% between 2021 and 2023, according to our data, displacing coal-fired units as an overnight source of electricity," the U.S. Energy Information Administration (EIA) stated.
  
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• Kansas Sees $6.5 Billion in Projects Under Construction

  30-04-2024 08:45 via industrialinfo.com
  April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--While the name "Kansas" may invoke images of vast plains of wheat fields, the state is belying this reputation with a significant amount of large industrial projects underway. Industrial Info is tracking more than $6.5 billion worth of projects under construction in Kansas. The state's position in agriculture leads its spending in the Food & Beverage Industry to be high, although the Industrial Manufacturing Industr
  
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• Brazil's Perenco Acquires Petrobras' Stakes in Two Offshore Fields

  30-04-2024 08:30 via industrialinfo.com
  April 30, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian energy company Petrobras (NYSE:PBR) (Rio de Janeiro) said it is transferring its shares in the Cherne and Bagre oil fields in the shallow waters of the Campos Basin, offshore Rio de Janeiro, to Perenco (London, England). Petrobras will receive US$10 million, with US$1 million already received with the signing of the agreement.
  
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• Russian Metals Trading Banned by U.K. and U.S.

  30-04-2024 08:06 via industrialinfo.com
  GALWAY, IRELAND--April 30, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The world's largest and oldest forum for trading metals, London Metals Exchange (LME) (London), has banned trading in Russian metal produced on or after April 13 to comply with new U.K. and U.S. sanctions imposed for Russia's invasion of Ukraine.Within this article: Details imposition of bans by U.K. and U.S. on trading in Russia metals due to its invasion of Ukraine two years ag
  
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• India to Develop World Largest Renewable Energy Park by 2030

  30-04-2024 07:40 via industrialinfo.com
  NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Adani Green Energy Limited (Ahmedabad, India) plans to invest about US$20 billion by 2030 to develop the world's largest renewable energy plant in Khavda, Gujarat.
  
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• Belgium Greenlights its Largest BESS

  30-04-2024 07:04 via industrialinfo.com
  NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Dutch energy storage developer Giga Storage BV (Amstelveen, Netherlands) has received approval from Belgium for the construction of a 600-megawatt/2,400-megawatt-hour battery energy storage system (BESS) park in Dilsen-Stokkem, Limburg province, on the site of a former zinc factory.Industrial Info is tracking 281 capital-spending renewable energy projects worth US$8.48 billion in Belgium.
  
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• Investments Ramp Up for Graphite Mining Outside China

  30-04-2024 07:02 via industrialinfo.com
  NEW DELHI--April 30, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For decades, graphite has been an indispensable element in a wide range of industries, with its applications spanning from steel production to electronics. However, in recent years, graphite has become vital in the clean energy transition, earning recognition as a critical material by the U.S. Department of Energy in 2023, further amplifying its significance in addressing climate change goals.Industrial Info
  
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• U.S. Solar Manufacturers Sound Alarm on 'Unfair' Trade Practices

  29-04-2024 08:55 via industrialinfo.com
  April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The politics surrounding the market for solar components is heating up again, after two major trade groups representing numerous solar players filed of a set of antidumping and countervailing duty petitions with the U.S. International Trade Commission (USITC) and the U.S. Department of Commerce. The parties are asking the government to investigate potentially illegal trade practices by Cambodia, Malaysia, Thailand and V
  
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• U.S. Plans 12 Potential Offshore Wind Energy Leases

  29-04-2024 08:50 via industrialinfo.com
  Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Continuing momentum from the last few months, the U.S. federal government unveiled a new five-year lease plan that outlines 12 potential areas for offshore wind energy. The U.S. energy sector is behind many of its peers when it comes to offshore wind, though programs under President Joe Biden have shown promise.So far, the government has approved eight commercial-scale offshore wind projects, which would combine for a p
  
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• LyondellBasell Looks to Develop Low-Carbon Business

  29-04-2024 08:50 via industrialinfo.com
  April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--LyondellBasell Industries NV (NYSE:LYB) (LYB) (Rotterdam, Netherlands) is focused on developing its Circular & Low Carbon Solutions (CLCS) business, company executives said last week, as it aims to exit the refining business by the end of first-quarter 2025.
  
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• U.S. Supplement Production Brings Millions in Spending

  29-04-2024 08:45 via industrialinfo.com
  April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--According to one market research firm, revenue from the vitamin and supplement market in the U.S. was $40.9 billion last year and the market size of the sector grew an average of 1.3% per year between 2018 and 2023. With such large numbers in mind, supplement manufacturers in the U.S. are ramping up project activity, bringing hundreds of millions of dollars' worth of activity to the U.S. through grassroot, expansion and
  
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• North America Takes Second in Revenue for Baker Hughes

  29-04-2024 08:40 via industrialinfo.com
  April 29, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Upstream services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) recorded $6.4 billion in revenue during the first quarter, though North American operations took second fiddle to work in the Middle East and Asia.Earnings season for major energy companies is in full swing, with rival SLB (NYSE:SLB) (Houston), formerly Schlumberger, among those kicking things off with first quarter revenue of $8.7
  
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• Europe's Largest Zinc Mine Reopening This Summer

  29-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 29, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe's largest zinc mine in Ireland could be up and running again from June following an agreement between unions and management over a plan for the future.
  Within this article: Details reopening plans for Europe's largest zinc mine in Tara, Ireland, impact of closure, outstanding issues, capacity,planned projects
  
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