Production & Industry news

• Rough Road Ahead for Diamond Mining

  26-04-2024 07:03 via industrialinfo.com
  NEW DELHI--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For centuries, diamonds have remained one of the most exquisite gems, finding applications in jewelry, biomedical research, audio equipment and industrial applications such as cutting and polishing. Diamonds are generally extracted and mined via four processes: open-pit mining, underground mining, marine diamond mining and alluvial mining.Industrial Info tracking 76 active capital-spending projects, worth mor
  
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• U.S. Warehousing, Distribution Demand Spurs Third-Quarter Kickoffs

  07-06-2024 08:55 via industrialinfo.com
  
  June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Marquee names like Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) and FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) are expanding their logistics operations in busy areas, and the warehousing and distribution sector is seeing a corresponding growth in buildouts.Industrial Info is tracking more than $3.5 billion worth of warehousing and distribution projects across the U.S. that are set to begin constructi
  
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• EPRI Report Sees Dramatic U.S Electric Demand Growth from Data Centers

  07-06-2024 08:55 via industrialinfo.com
  
  June 7, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The rapid growth of energy-gobbling data centers has challenged the U.S. electricity industry in recent years, and the challenges likely will escalate, potentially sharply, for the remainder of this decade, according to a new report from the Electric Power Research Institute (EPRI) (Palo Alto, California).
  
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• Dallas Fed Sees Links Between Jobs, Rig Counts and Oil Prices Breaking

  07-06-2024 08:50 via industrialinfo.com
  
  June 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Data from the Federal Reserve Bank of Dallas show job growth in the oil and gas sector is sluggish, though the usual indicators--rig counts and oil prices--are becoming less of a determining factor.The Dallas Fed found that job growth over the four-month period to the end of April was at 2%, while the unemployment rate stood at 4.2% over the period. Nationally, job openings through April fell to the lowest
  
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• U.S. Teems with Trailer-Manufacturing Projects

  07-06-2024 08:40 via industrialinfo.com
  
  June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Tractor trailers play an outsized role in the U.S. economy, responsible for delivering goods within states, between states, and also to and from Mexico and Canada. The proof in the importance of shipping by truck can be seen every day on the nation's roads and highways. Despite this large presence, shipping by truck in the U.S. has actually been declining. The Commercial Carrier Journal reports that truck shipments in the
  
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• Norway Sees Oil, Gas Promise in Barents Sea Mud Volcanos

  07-06-2024 08:40 via industrialinfo.com
  
  June 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The offshore regulator for Norway is looking at recently discovered mud volcanos in the Barents Sea as possible indicators of new fossil-fuel reserves. The Norwegian Offshore Directorate (NOD) said as many as 10 new mud volcanos were discovered in waters as deep as 1,500 feet in the western part of the Barents Sea.Norway's government reported that oil production averaged 1.85 million BBL/d in April, the la
  
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• Freeport LNG, New York & California Power: Your Daily Energy News

  07-06-2024 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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• Electing the Future: India's Modi Continues as PM, but Faces Energy Challenges

  07-06-2024 08:30 via industrialinfo.com
  
  June 7, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Of the recent elections in India, in which longtime prime minister Narendra Modi's Bharativa Janata Party (BJP) lost its ability to govern without a coalition, one analyst was quoted by Bloomberg as saying, "This is not an election--it is a kind of political earthquake." Niranjan Sahoo, senior fellow with the New Delhi-based Observer Research Foundation added, "Even if Modi becomes the prime minister, his po
  
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• Japan's Marubeni to Develop 1.1 GW of Wind Projects in Saudi Arabia

  07-06-2024 07:05 via industrialinfo.com
  
  NEW DELHI--June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Marubeni Corporation (Tokyo, Japan) has entered into an agreement with the Saudi Power Procurement Company (SPPC) (Riyadh, Saudi Arabia) to develop two significant wind-energy projects in Saudi Arabia. These projects will be undertaken in partnership with Abdulaziz Alajlan Sons for Commercial and Real Estate Investments Company (Riyadh) and Ajlan & Bros (Riyadh).Industrial Info is tracking 52 renewable ener
  
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• Join Industrial Info In Person for Our Mid-Year North American Market Outlook

  06-06-2024 08:56 via industrialinfo.com
  
  June 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting our popular in-person Mid-Year North American Market Outlook event at the Sugar Land Marriott Hotel near IIR's world headquarters on Wednesday, June 12. Check-in and registration start at 3 p.m., and the presentations begin at 4 p.m.
  
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• Mexico's New President Inherits an Economy in Shambles

  06-06-2024 08:55 via industrialinfo.com
  
  June 6, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Claudia Sheinbaum, Mexico's president-elect, will inherit "a number of headaches" when she is inaugurated later this year, a longtime observer of Mexican affairs told Industrial Info in an interview this week. Under Sheinbaum's predecessor, Andrés Manual López Obrador, or AMLO, Mexico's economy deteriorated significantly. Notably, liberalization of the Electric Power, Oil and Gas and Metals and Mi
  
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• As Permian Gets Gassier, Takewaway Capacity Ramps Up to Maintain Crude Production

  06-06-2024 08:55 via industrialinfo.com
  
  June 6, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--A significant number of new pipelines are in various stages of planning and development in the Permian Basin. The goal is more about maintaining oil production than handling gas, according to Shane Mullins, Industrial Info's vice president of energy products and project development, but unless the associated gas has a pathway out, oil production could be inhibited.
  
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• U.S. T&D Providers Prepare for Buildouts in Scorching Summer

  06-06-2024 08:54 via industrialinfo.com
  
  June 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hotter weather means more energy demand, and temperatures this summer are expected to be especially high. A "heat dome" that has been scorching Mexico for the past few weeks, leading to dozens of deaths, is headed to the U.S. West, according to Weather.com, and other parts of the country already were reporting higher-than-average temperatures toward the end of the spring season. This means transmission and distribution (T
  
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• U.S. and Canada Home to $5 Billion Worth of Lithium-Ion Battery Recycling Projects

  06-06-2024 08:50 via industrialinfo.com
  
  June 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As the demand for lithium-ion batteries continues to grow, buoyed by the production of electric vehicles (EV), the battery-recycling sector is seeing investments as part of a circular battery supply chain. Industrial Info is tracking more than $5 billion worth of capital-spending lithium-ion battery recycling projects in the U.S. and Canada.
  
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• EIA: Electrolyzers Account for a Small but Growing Portion of U.S. Hydrogen Production

  06-06-2024 08:50 via industrialinfo.com
  
  June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Electrolyzers, which use electricity to produce hydrogen from water ("green hydrogen"), are a growing clean-energy technology and source of hydrogen production in the U.S., according to the U.S. Energy Information Administration (EIA). Although the technology currently accounts for a small portion of U.S. hydrogen production, Industrial Info is tracking $1.69 billion worth of active and planned electrolyzer-manufacturing
  
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• Brooklyn Port to Support Atlantic Windfarms

  06-06-2024 08:50 via industrialinfo.com
  
  June 6, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A marine terminal in Brooklyn, New York, is on the cusp of becoming home to the first dedicated port that supports offshore wind in the U.S. market, a developer said.Norwegian energy company Equinor (NYSE:EQNR) (Stavanger, Norway) is helping to develop the Empire Wind facility off the coast of New York. The company said Tuesday that transforming the South Brooklyn Marine Terminal was an integral component
  
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• Water Shortages Impact Mexico's Industrial Operations

  06-06-2024 08:40 via industrialinfo.com
  
  June 6, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Companies are reporting production shutdowns in parts of Mexico due to droughts and water scarcity. On Tuesday, a presentation from Mexico's National Water Commission (Conagua) and Ministry of Environment on the status of the country's water dams shed light on the situation.Of the 210 main water dams across Mexico, 160 have storage levels below 50%, according to the presentation. Together, these 160 account
  
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• EV-Maker Polestar to Clean Up Its Ocean Freight

  06-06-2024 08:40 via industrialinfo.com
  
  June 6, 2024-- Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Electric vehicle maker Polestar (NASDAQ:PSNY) (Gothenburg, Sweden) said it was working to lower its overall environmental footprint by turning to renewable fuels for ocean freight that supports vehicle deliveries from Asia and North America.
  
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• Entergy, First Solar, U.S. Crude Oil Stocks: Your Daily Energy News

  06-06-2024 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:Entergy Corporation (NYSE:ETR), First Solar Incorporated (NASDAQ:FSLR)
  
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• IIR--Escasez de agua afecta operaciones industriales en México

  06-06-2024 07:34 via industrialinfo.com
  
  6 de junio, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Cuatro plantas industriales en Altamira, Tamaulipas, México, han reportado de paradas de producción debido a la escasez de agua en las últimas dos semanas, informa Industrial Info Resources (IIR).
  
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• Even in Summer, U.S. Refiners Keep Tabs on Maintenance

  05-06-2024 08:55 via industrialinfo.com
  
  June 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Petroleum Refining Industry is bracing for a very busy summer. According to a survey of analysts by Reuters, domestic refineries expect to use more than 90% of their combined processing capacity for the rest of the second quarter after completing planned turnarounds started earlier in the year, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin i
  
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• ISM: U.S. Manufacturing Activity Contracts for Second Consecutive Month

  05-06-2024 08:50 via industrialinfo.com
  
  June 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in May for the second straight month, according to a survey report by the Institute for Supply Management (ISM), as demand continues to ease. Still, Industrial Info's project data for the U.S. Industrial Manufacturing Industry remains robust.
  
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• FPSO Moored at BP's GTA Gas Project in Africa

  05-06-2024 08:50 via industrialinfo.com
  
  June 5, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A key component of a liquefied natural gas (LNG) development off the coast of Mauritania and Senegal, the floating production storage and offloading (FPSO) vessel, is now moored about 25 miles from shore, BP plc (NYSE:BP) (London, England) said Tuesday.The FPSO vessel will support Phase I operations at the Greater Tortue Ahmeyim (GTA) development on the maritime border of the two African nations. BP envisi
  
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• Project Completion Marks End of Alliant's 1-GW Solar Buildout in Wisconsin

  05-06-2024 08:45 via industrialinfo.com
  
  June 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With the completion of the Grant County Solar Project in Wisconsin, Alliant Energy Corporation (NASDAQ:LNT) (Madison, Wisconsin) brings to a close the construction of more than 1 gigawatt (GW) of utility-scale solar plants in the state. The company has added 1,089 megawatts (MW) of solar power in Wisconsin, where Industrial Info is tracking more than $19.4 billion worth of both renewable and fossil-fueled power projects.
  
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• Shell Pressing on With Green Hydrogen

  05-06-2024 08:40 via industrialinfo.com
  
  June 5, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--U.K.-based Ceres Power (Horsham) said Tuesday it signed an agreement with Shell plc (NYSE:SHEL) (London, England) to develop a solid-oxide electrolyzer, which it says makes the green hydrogen production process more efficient.
  
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• TC Energy, Increased Venezuelan Oil Exports: Your Daily Energy News

  05-06-2024 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:TC Energy Corporation (NYSE:TRP)
  
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• Chile's Copper Production Expected to Grow 5% in 2024, 6% in 2025

  05-06-2024 08:20 via industrialinfo.com
  
  June 5, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Chile's minister of mines expects the country's copper output to increase in the next two years despite Codelco's (Santiago, Chile) production setbacks.
  
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• U.K. Picks Wylfa for New Nuclear Power Plant

  05-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 5, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The U.K. government has chosen Wylfa in Wales as the site for a new nuclear power plant.Within this article: New nuclear plant site chosen by U.K. government, goals, previous failed project on same site, existing nuclear projects, SMR strategy
  
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• Egypt to Invest in Hydrogen Technologies

  05-06-2024 07:31 via industrialinfo.com
  
  NEW DELHI--June 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Egypt is one of the largest chemical producers in the Middle East and has become one of the top choices for investors in the region. The country is set to kick off chemical projects worth US$51.18 billion, including grassroot, unit addition and expansion projects, over the next three years.
  
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• South Korea's Yeochun NCC to Spend $497 Million on Chemical Projects

  05-06-2024 07:20 via industrialinfo.com
  
  SEOUL--June 5, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Yeochun NCC Company Limited, one of the largest companies in South Korea's Chemical Processing Industry, plans to spend about US$497 million on improvement projects at three ethylene plants.
  
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