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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
 There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the continued emergence of gas as a ‘transition’ fuel. As recent International Energy Agency (IEA) numbers have shown a decrease in global coal demand for the second year in a row, we have increasingly heard that coal is in permanent decline and doesn’t have a future.
The story is clearly much more complex than this.
Reduced demand is forecast for Europe, largely due to policy measures supporting renewables. The same is true for the United States, though in this instance it’s largely due to competition from natural gas. But this doesn’t tell the whole story. Across Asia, there is a very different energy picture emerging.
Asian economies, from India, to Pakistan, to Bangladesh and across Southeast Asia, are forecast to see significant growth in their economies over coming decades and a huge growth in energy demand. While their energy needs will be met by a range of energy sources, coal will play a critical role. According to the IEA, coal’s share in power generation across Southeast Asia is expected to grow from 35% today to 40% by 2040.
Coal has been a critical enabler of development in the modern world. While its role globally is going to change over coming decades, it will still be an essential energy source, particularly to the rapidly industrialising and urbanising economies of Southeast Asia.
China has been central to global coal growth for the past two decades. While coal demand is expected to fall slightly, the headlines hide a more complicated picture. Chinese demand for coal has fallen slightly, even as power generation from coal has grown. Reduced consumption in small and industrial boilers explains some of this decline. However, more interestingly, some of the reduction in demand for coal has been driven by much higher plant efficiencies in China’s coal power fleet. China is pushing for a national switch to high efficiency low emissions (HELE) coal plants in a drive to create the world’s cleanest coal-fuelled power system. Taking it a step further, this fleet will be well-placed to be retrofitted with carbon capture and storage (CCS) as this critical climate technology is scaled up. China has a clear plan to scale up its efforts on CCS, making it a critical element of their Paris Agreement pledges.
CCS technology has seen significant progress over the past year, not only in China. A year ago, the world’s largest coal-fuelled CCS facility came online at the Petra Nova plant in Texas and it’s already captured more than a million tonnes of CO2. There is also the landmark Boundary Dam CCS coal plant in Canada, which has now been operating for more than three years. In India, a breakthrough company Carbon Clean Solutions is capturing and using CO2 at significantly lower cost than has been experienced in other projects.
All these developments are important. Both the IEA and the Intergovernmental Panel on Climate Change (IPCC) agree that without CCS technology, we will not achieve our climate objectives. References to CCS are found in many national pledges under the Paris Agreement, indicating a wider support globally, but more work needs to be done to progress its deployment. Political and financial support for CCS, alongside policy parity with other low emission technologies, will help to encourage widespread deployment.
We believe that coal is not the problem, emissions are. Given the growing role of coal across Southeast Asia, it’s essential that support is provided to ensure that coal is used with the lowest emissions profile.
To support this, we, at the World Coal Association launched last year new partnerships with international bodies such as the ASEAN Centre for Energy, which resulted in co-publishing a report, ASEAN's Energy Equation.
We all have the same objective – a sustainable future for our planet, a safe climate and economic growth. To deliver this, we need an energy system that delivers affordable, reliable and clean energy.
It’s possible to meet these objectives but we need to recognise that even as energy systems change, there is still forecast to be a significant role for coal.
If we ignore the role of coal then we risk forgetting the essential work we need to do on low emission technologies that will ensure a sustainable energy future.
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Friday, 09 February 18
COAL BUYERS SPOOKED BY INDONESIA'S NEW SHIPPING RULES - ASSOC
Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would ...
Thursday, 08 February 18
ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
According to press release from PIB, as per the current import policy, coal is kept under Open General License (OGL) and consumers are free to impo ...
Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
Supramax
USG dropping remarkably due to lack of fresh enquiry both for fhaul and bhaul, Supras were fixed from USG to Spore-Japan range now aroun ...
Wednesday, 07 February 18
INDONESIAN COAL PRICE REFERENCE RISES TO HIT THIRTEEN-MONTH HIGH OF $100.69 A TON
COALspot.com: The Indonesian Coal Price Reference (HBA) rose 5.39 per cent in February 2018, the latest ministerial decree showed.
The benchma ...
Wednesday, 07 February 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
Crude oil supply has been reported to have grown by approx. 2.5% reaching 40.1m bpd in 2017. However, tanker charter rates have been under pressure ...
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Showing 1811 to 1815 news of total 6871 |
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- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
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