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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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Thursday, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...
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Showing 1846 to 1850 news of total 6871 |
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- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Australian Coal Association
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Planning Commission, India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
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