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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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Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
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- Vijayanagar Sugar Pvt Ltd - India
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- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Power Finance Corporation Ltd., India
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- Billiton Holdings Pty Ltd - Australia
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- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Petron Corporation, Philippines
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- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
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- Port Waratah Coal Services - Australia
- Parliament of New Zealand
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- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
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- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
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- Toyota Tsusho Corporation, Japan
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- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
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- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
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- Independent Power Producers Association of India
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- International Coal Ventures Pvt Ltd - India
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- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- PTC India Limited - India
- Indian Energy Exchange, India
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- White Energy Company Limited
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Minerals Council of Australia
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- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
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- Timah Investasi Mineral - Indoneisa
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- ICICI Bank Limited - India
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- Electricity Authority, New Zealand
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- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
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- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
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- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
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- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
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- The State Trading Corporation of India Ltd
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- Kohat Cement Company Ltd. - Pakistan
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- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
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- Africa Commodities Group - South Africa
- The University of Queensland
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
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