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Sunday, 01 August 21
SEABORNE HARD COAL TRADE IN 2020 DECREASED BY 149 MILLION MT, OR 12.1%, TO 1,083 MILLION MT - GERMAN COAL IMPORTERS ASSOCIATION
 - Reduced coal-fired power plant fleet secures Germany’s power supply in severe winter of 2020/2021; little wind availability and hence stronger coal burn until well into the second quarter of 2021
- Coal phase-out law leads to closure of young and modern hard-coal-fired power plants
- Southern German power plant locations are very important for security of supply and hence disadvantaged in phase out scenario
- 2021 VDKi celebrates its 125th anniversary
According to Coal Importers Association, Germany, the first half of 2021 shows that hard coal continues to make an important and reliable contribution to electricity generation despite the sealed coal phase-out. The volume of electricity generated in hard coal-fired power plants increased by more than a third (35.6%) to almost 25 TWh compared with the same period of the previous year in a period of low temperatures and with significantly less wind power availability. With this increase, hard coal made a significant contribution to security of supply, underlining its important role in safeguarding the energy transition. In our opinion, this will continue to be necessary in the future, especially after the increase in the German government's forecast for electricity consumption in 2030 of between 645 and 665 TWh.
The press release from German Coal Importers Association noted that, the coal phase-out law was enacted on August 08th, 2020. Over the first three tenders, 25 bids were awarded with a bid quantity of 8,435 MW. This included some young, modern coal-fired power plants. In this respect, the mechanism of the law has not resulted in primarily older power plants with higher specific CO2 emissions being taken off the grid.
Southern German hard-coal-fired power plants are at a massive disadvantage in the auctions for the capacities to be decommissioned. Participation in the first tender was excluded, and in subsequent tenders a grid factor will be taken into account which will with high probability prevent any successful participation in those auctions. As a result, the employees of the hard coal-fired power plants in southern Germany will be at a significant disadvantage in terms of possible socially acceptable staff reductions.
The association further noted that, there is also an urgent need for action in the district heating sector. In many German cities, district heating comes from highly efficient cogeneration plants based on hard coal. VDKI member companies report difficulties with possible conversion of their plants to gas or biomass. There is a lack of funding or simply a lack of efficient gas grid connections.
Following the passing of the Climate Protection Act, the energy industry framework conditions must now be adjusted quickly.
In 2020, world hard coal production decreased by around 220 million mt to 7.06 billion mt due to the pandemic and thereby returned to the level of 2018. Essentially, only the production increases of China (+94 million mt) and India (+7 million mt) ensured that world hard coal production did not decrease even more. Seaborne trade in 2020 decreased by 149 million mt, or 12.1%, to 1,083 million mt. Seaborne coking coal exports decreased by 13.2% to 264 mt and the steam coal market decreased by 11.7% to 819 mt. Hard coal continues to ensure economic growth in Asia and other growth regions, thereby the share of seaborne trade in Asia now amounts to 84%. An increase of world production and world hard coal trade will be a fact during world economy’s recovery post COVID.
On August 31st this year, the VDKi will celebrate its 125th anniversary in the knowledge that its members continue to make an essential and highly reliable contribution to the German economy through their hard coal activities.
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Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- Parry Sugars Refinery, India
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- The University of Queensland
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- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
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- VISA Power Limited - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
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- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
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- Semirara Mining and Power Corporation, Philippines
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- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
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- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
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- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
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- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
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- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Parliament of New Zealand
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- Maheswari Brothers Coal Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
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- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
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- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
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- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
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- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
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- Bhatia International Limited - India
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- Directorate Of Revenue Intelligence - India
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- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
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- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
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