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Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned.
The project is separate from the Vung Ang 2 coal power plant, which the governments of Japan and Vietnam are pursuing together. Environmental activist Greta Thunberg has called for the cancellation of Vung Ang 2.
Vinh Tan 3, planned for Binh Thuan Province in southern Vietnam, is scheduled to come online in 2024. The 2-gigawatt plant is expected to feature cutting-edge ultra-supercritical technology.
OneEnergy, a joint venture of Mitsubishi and Hong Kong’s CLP group, holds a 49% interest in the $2 billion project. State-owned Electricity of Vietnam owns another 29%. Chinese companies are handling materials procurement, construction and equipment delivery. The banking consortium behind Vinh Tan 3 includes Industrial and Commercial Bank of China. Standard Chartered and HSBC have pulled financing from the power plant.
Unlike Vung Ang 2, Vinh Tan 3 is not a national project, and the start date for construction has already been delayed, making it easier to bow out.
This marks Mitsubishi’s first time withdrawing from a coal plant project. The trading house has said it will not build any new facilities of this type after Vung Ang 2. It plans to contribute to development on power projects that are less harmful to the environment, including liquefied natural gas and renewables such as solar.
Source: Nikkei Asia
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Saturday, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
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- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
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- Indika Energy - Indonesia
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- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
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- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
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- SMG Consultants - Indonesia
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- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
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- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
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- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
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- Dalmia Cement Bharat India
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- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
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- Goldman Sachs - Singapore
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- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
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- Romanian Commodities Exchange
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- New Zealand Coal & Carbon
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- Economic Council, Georgia
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- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
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