Production & Industry news

• RHI Magnesita Announces Investments, an Industrial Info Market Brief

  14-07-2020 07:30 via industrialinfo.com
  RHI Magnesita, a maker of refractory products and solutions, began 2020 by announcing the investment of 40 million euros ($45 million) to develop the Dolomite Resource Centre in Europe. The facility will process raw local dolomite into sintered dolomite for use in refractory products at Hochfilz, in the state of Tyrol, Austria.
  
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• Data Center Construction Propels Electric Load Growth and Utility Capex

  16-04-2024 08:55 via industrialinfo.com
  April 16, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Construction of data centers in the U.S. has been growing strongly in recent years, and the growth will escalate even further for the next few years, which is helping drive up electricity demand and capital expenditures (Capex) at electric utilities across the country.This year, about 289 data center projects are scheduled to begin construction across the U.S., according to Industrial Info's Global Marketing
  
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• Energy Survey Points to U.S. Drilling Downturn

  16-04-2024 08:50 via industrialinfo.com
  April 16, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Respondents to a survey from the Federal Reserve Bank of Kansas City showed drilling activity in its district is expected to decline over the next six months amid a dip in capital expenditures.Just ahead of earnings season, the Fed showed revenues for drillers were stable during the first quarter.
  
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• U.S. Lithium Sector Primed for Growth

  16-04-2024 08:45 via industrialinfo.com
  April 16, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.S. lithium mining may be on the cusp of a growth phase as both Ioneer Limited's (Sydney, New South Wales) and Piedmont Lithium (NASDAQ:PLL) (Bessemer City, North Carolina) secured the approval necessary to proceed with their respective mining operations.
  
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• Tennessee Sees $21 Billion Worth of Projects Under Construction

  16-04-2024 08:45 via industrialinfo.com
  April 16, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Southeastern U.S. has become a leading hub for industrial development in the nation. Among the states leading the charge is Tennessee, which boasts cutting-edge projects in the automotive, power and defense sectors, among others. Industrial Info is tracking nearly $21 billion worth of projects under construction in the state.Companies featured: Ford Motor Company (NYSE:F)
  
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• U.S. Oil Output, EQT to Sell Assets: Your Daily Energy News

  16-04-2024 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:EQT Corporation (NYSE:EQT), Equinor (NYSE:EQNR)
  
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• Chile Registered Higher Copper Output in February

  16-04-2024 08:25 via industrialinfo.com
  April 16, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Despite the challenges faced by Codelco (Santiago, Chile), Chile's copper production remained robust in February, demonstrating the country's resilience in maintaining a steady supply.
  
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• Europe's Industrial Carbon Emissions Fall Record 15.5%

  16-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 16, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Industrial carbon dioxide (CO2) emissions regulated under the European Union's emissions trading system (ETS) fell a record 15.5% in 2023.Within this article: Details record drop in EU industrial emissions, key reasons, rise of renewable energy, role of the emissions trading system (ETS)
  
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• Chile registró mayor producción de cobre en febrero a pesar de las pérdidas de Codelco

  16-04-2024 07:12 via industrialinfo.com
  16 de abril, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El regulador del cobre de Chile, Cochilco, informó que el país sudamericano registró una producción de 417.100 toneladas métricas de cobre, alrededor de un 9,7% más que durante el mismo período del año pasado. Este es el segundo mes consecutivo en 2024 en el que Chile obtuvo una producción de cobre mayor que el año pasado.
  
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• LNG Remains Stuck Between a Rock and a Hard Place

  15-04-2024 08:55 via industrialinfo.com
  April 15, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though U.S. exports of liquefied natural gas (LNG) are down sharply from year-ago levels, the sector should recover in an ever-changing market.There were 22 vessels laden with LNG that left U.S. export terminals between April 4 and April 10, carrying a combined 75 billion cubic feet (Bcf) of product. Over the similar period last year, 26 vessels left U.S. terminals carrying 96 Bcf of product.
  
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• Gasoline Gets Political, But Voter Memory is Short

  15-04-2024 08:50 via industrialinfo.com
  April 15, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--With seven months to go before the U.S. presidential election, the economy remains a lingering concern, with gasoline prices supporting resilient consumer-level inflation. Recent polling from the Associated Press-NORC Center for Public Affairs show would-be voters are not impressed with either incumbent President Joe Biden or former President Donald Trump, but for varying reasons.Consumer prices were up
  
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• IIR Tracks More than $1.7 Billion Worth of U.S. Firearms, Ammunition Projects

  15-04-2024 08:45 via industrialinfo.com
  April 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Federal Bureau of Investigation's National Instant Criminal Background Check System (NICS) was introduced in 1998 and has become one means of tracking legal firearm sales in the U.S. According to the National Shooting Sports Foundation (Newton, Connecticut), the NICS showed that slightly less than 15.9 million firearms were sold in the U.S. last year, and that 2020 through 2023 represented the highest years for
  
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• ExxonMobil FID for Whiptail Development Offshore Guyana Targets 250,000 BBL/d

  15-04-2024 08:45 via industrialinfo.com
  April 15, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--After receiving all the necessary government approvals, Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) on Friday announced the final investment decision (FID) to move ahead with the $12.7 billion Whiptail development offshore Guyana. It will include up to 10 drill centers involving 48 production and injection wells, said a press release announcing the project.
  
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• Soybean Surge Sparks Investments

  15-04-2024 08:40 via industrialinfo.com
  NEW DELHI--April 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--A rise in global demand for soybean oil has been witnessed in recent years. Obtained from the seed of the soybean plant, the oil is known for containing polyunsaturated fats, and being rich in vitamins E and K.
  
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• U.S. Coal Exports, Permian Earthquake: Your Daily Energy News

  15-04-2024 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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• Chinese-Made EVs Dominating European Market

  15-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 15, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe is facing a tidal wave of Chinese-made electric vehicle (EV) imports with reports that one in four of all EVs sold in the region this year will be made in China.
  Within this article: Details growing dominance of Chinese-made EVs in Europe, new manufacturing plant projects, projected sales, leading Chinese brands
  
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• India's Rapid Industrialization Accelerates Flue Gas Desulphurization Installations

  15-04-2024 07:05 via industrialinfo.com
  NEW DELHI--April 15, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Over the past decade, developed regions such as the U.S. and Europe have successfully deployed flue gas desulfurization (FGD systems to control emissions of sulfur dioxide (SO2), a highly toxic gas responsible for severe environmental damage and several health issues. Now, with India ramping up its industrial activities, the region is also intensifying its efforts to install FGD systems to curb SO2 emissions.
  
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• Enterprise Cleared for Major U.S. Oil Export Terminal

  12-04-2024 08:55 via industrialinfo.com
  April 12, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid protest from environmental advocates, midstream-focused Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) said it finally has the greenlight to move forward with plans for what could be the largest oil export terminal along the U.S. Gulf Coast.Enterprise received a license from the U.S. Maritime Administration for its Sea Port Oil Terminal (SPOT), an offshore facility that would be capable
  
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• U.S. Plastic, Rubber Product-Makers Expand Amid Rising Demand

  12-04-2024 08:50 via industrialinfo.com
  April 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. market for plastic and rubber products never stops growing, particularly in booming industrial sectors like lithium-ion battery manufacturing, construction products, and automotive and medical materials.Industrial Info is tracking about $1.3 billion worth of projects in the plastic and rubber product-manufacturing sector that are set to begin construction through the end of June, more than half of which is attr
  
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• Indiana Home to $28 Billion in Manufacturing Projects

  12-04-2024 08:50 via industrialinfo.com
  April 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--SK Hynix (Seoul, South Korea) recently said it plans to build a high-dollar semiconductor plant in Indiana, where Industrial Info is tracking $28 billion worth of active and planned Industrial Manufacturing Industry projects. About $13 billion of the spend is attributed to automotive projects, with most of the spend linked to the production of electric vehicle (EV) batteries.
  
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• Coal Takes Its Lumps as Solar Energy Changes the Landscape for ERCOT in Texas

  12-04-2024 08:50 via industrialinfo.com
  April 12, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--It's not just the stars at night that are big and bright deep in the heart of Texas. The sun also shines brightly, with an increasing number of solar facilities turning that sunlight into significant energy for the Lone Star State's residents.Wind power still tops the state's renewable energy generation, said the U.S. Energy Information Administration (EIA), but solar grew by leaps and bounds in 2023 vs. 2
  
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• Will Federal Appeals Court Ruling Boost EV Sales?

  12-04-2024 08:45 via industrialinfo.com
  April 12, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--In a ruling that could boost electric vehicle (EV) sales and influence the presidential election, a panel of three federal appeals court judges on April 9 restored California's ability to set vehicle tailpipe emissions standards that were stricter than the federal government's standards. Seventeen states and the District of Columbia have adopted vehicle tailpipe emission standards that mirror, to some degree,
  
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• West Virginia Approves Solar Farm at Former Strip-Mining Site

  12-04-2024 08:35 via industrialinfo.com
  April 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, the Public Service Commissions (PSC) of West Virginia approved the construction of a solar plant with battery storage that will be built on a site formerly used for strip mining. West Virginia is home to several other solar energy developments, and the company responsible for the newly approved plant, Energix US LLC (Arlington, Virginia), has several other active solar projects located in the Mid-Atla
  
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• Cenovus, U.K. Power Demand: Your Daily Energy News

  12-04-2024 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:Cenovus Energy Incorporated (NYSE:CVE)
  
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• GeoPark Wades into Argentina's Lucrative Vaca Muerta Shale Basin

  12-04-2024 08:30 via industrialinfo.com
  April 12, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Latin American-focused GeoPark Limited (NYSE:GPRK) (Bogota, Colombia) said it put down nearly a quarter million dollars to take on a working interest in the lucrative Vaca Muerta shale deposit in Argentina.
  
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• India's Welspun to Invest Big in Green Hydrogen, Ammonia

  12-04-2024 07:26 via industrialinfo.com
  NEW DELHI--April 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Welspun Group (Mumbai, India), a multinational conglomerate, has diverse businesses in pipes, textiles, infrastructure and steel and has now ventured into the country's green hydrogen, green ammonia and their derivatives and utilities space with a investment of around US$11.16 billion in 21 active projects.
  
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• Secondary Aluminum Smelter Projects Growing to the Tune of $14 Billion

  12-04-2024 07:04 via industrialinfo.com
  NEW DELHI--April 12, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Aluminum, which is the second-most widely used metal after steel, continues to play an indispensable role in several industries. With remarkable properties like corrosion resistance, recyclability and lightweight nature, aluminum spans applications across various sectors including transportation, construction, electronics, renewable energy systems, home furnishing and fixtures.
  
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• U.S. Home to Billions' Worth of 2Q ESG Project Kickoffs

  11-04-2024 08:55 via industrialinfo.com
  April 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Projects in support of environmental, social and governance (ESG) initiatives continue to pop up across the U.S. as industries aim to decarbonize operations and add renewable sources of energy. Industrial Info is tracking $75 billion worth of ESG-related projects in the U.S. that are planned to begin in the second quarter, including about $29 billion worth that have a high (81% or higher) likelihood of beginning constru
  
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• U.S. Coal Exports Down Briefly Due to Baltimore Bridge Collapse

  11-04-2024 08:50 via industrialinfo.com
  April 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--As Baltimore is the second-largest hub for coal exports, energy officials said the collapse of the Francis Scott Key Bridge could have a greater impact on foreign deliveries than expected.
  The cargo ship Dali struck a support pillar on the Key bridge last month, causing the portion of the bridge over the Patapsco River in the Baltimore metropolitan area to collapse in a matter of seconds. The incident le
  
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• Dairy Company Saputo Signs PPA for Canadian Windfarm to Support Changing North American Footprint

  11-04-2024 08:45 via industrialinfo.com
  April 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Multinational dairy company Saputo Incorporated (Montreal, Quebec) has taken a significant step in its goals to reduce the carbon-dioxide intensity of its operations by 20% from 2020 levels by 2025. The company reports that last year, carbon intensity decreased 6% from 2022 and 13% from the 2020 baseline.A new power purchase agreement (PPA) for output from a windfarm in Alberta will push this number even higher.
  
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