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Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
 Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over last year. These are some of the figures disclosed by Mr Andrea Clavarino, Chairman of the Italian Coal Association – Assocarboni - during the Coal Industry Advisory Board plenary meeting, held in Paris on November 18th and 19th 2010.
Mr Clavarino, who is delegate of the Italian Government to the CIAB board - the coal consultative body of the IEA, the OCSE energy watchdog - therefore stated the Italian steam coal market has fully recovered after the crisis, and Italian imports are growing again.
“In 2011, thanks to Enel Torrevaldaliga North plant in full operations, steam coal imports should reach the peak of 19 million tons (up from 17 forecasted for 2010) that will become 25-26 MT in the next five years, as per our projections”, he said.
According to the World Energy Outlook 2010, global demand for coal increases by around 20% between 2008 and 2035 in the New Policies Scenario, with almost all of the growth before 2020. Non-OECD countries, as a group, account for all of the growth in global coal demand in all the projections: China, India and Indonesia account for nearly 90% of the total incremental growth. Global coal production in the New Policies Scenario grows from just under 4900 Mtce in 2008 to just above 5600 Mtce in 2035.
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Mr Clavarino made even more enthusiastic projections talking about the global coal trade that is expected to grow significantly during the next few decades, with total thermal seaborne coal demand set to increase from 680-million tons to 1,1-billion tons between 2010 and 2025. “Nearly all major coal-consuming countries in Asia are expected to experience significant demand growth: China’s and India’s economies have been relatively unscathed by the economic turmoil that developed economies have faced. According to forecasts, in 2011 total thermal coal imports for China will reach 122 Mt, while thermal coal demand in India will increase by 810 million tons – 137% by 2025, driven by a 158% increase in coal-fired power capacity”, he commented.
During the CIAB board meeting, the global value of coal has been underlined, as well as the opportunities that clean coal technologies present to continue and expand utilization of this energy source. Mr Clavarino pointed out coal’s major role in the coming decades, and claimed himself to be confident that by increasing coal-based generation efficiencies and fostering carbon capture and storage, the world will be able to meet the goals of an 80% reduction in CO2 emissions amid sustained economic growth, the eradication of poverty and elimination of energy deprivation.
“Access to electricity is a key to alleviating poverty impacting up to 6 billion people: it is essential to increase the quality of life, economic well-being, and a clean environment. Coal is the only fuel that can meet the world’s rising energy demand, due to its abundance and accessibility, to his security, reliability, affordability and versatility. That is what happened to China, where coal has underpinned a massive and unprecedented growth in output, fueling an economic miracle”, he concluded.
ASSOCARBONI is a no profit organization founded in 1897, which represents more than 90 national and international companies engaged in solid fuels. Its head office is in Rome and it has a representative office in Brussels. Assocarboni is part of the Board of Directors of the Experimental Fuel Station (leading fuel research body) in Milan.
On an international level, Assocarboni is member of Euracoal (European Association for Coal and Lignite), of CAG (Coal Advisory Group) - a European Commission working group involved in coal research grants - of WCI (World Coal Institute) in London, of CIAB (Coal Industry Advisory Board) - a section of the International Energy Agency of Paris, which brings together more than 40 companies (both energy producing and electric generation companies) from 14 different countries - and of the “Working Party on Coal” of the ECE-UN Energy Committee in Geneva.
Source: European Energy Review
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Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Posco Energy - South Korea
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Australian Coal Association
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
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