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Sunday, 30 January 22
AIR PRODUCTS' COAL GASIFICATION PROPOSAL TRIGGERS LOOMING POLICY DISPUTES IN INDONESIA - IEEFA
 Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests
Indonesia): Air Products & Chemicals and the Indonesian government’s deal on coal gasification projects has triggered a looming policy conflict because it may be impossible to meet the business interests of all parties, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Air Products, a U.S.-based industrial gas company, recently signed additional memoranda of understandings reportedly worth US$15 billion for coal gasification projects in Indonesia. Two of the gasification plants would be used to create dimethyl ether (DME) as a substitute for Indonesia’s domestic liquefied petroleum gas (LPG) imports.
“Many optimistic statements have been made about Air Products’ downstream coal plan in Indonesia,” says Ghee Peh, an IEEFA energy analyst and the report’s author. “But it may be hard for all of the parties involved to realize their dreams.”
The report focuses on a previously announced $2.1 billion project to build a DME plant in Sumatra (which was the subject of a November 2020 IEEFA report). All parties—coal supplier Tambang Batubara Bukit Asam (PTBA), DME plant operator Air Products, and DME offtaker Pertamina—are unlikely to achieve their objectives at the same time. It would require a scenario that includes reduced stranded asset risks, low-risk fixed returns to pay for the DME plant, and selling DME for a profit.
Air Products’ business model is to cut out commodity price risks, effectively insulating returns. PTBA’s DME project could make this low-risk business model difficult to implement, and the conflict could be passed on to the off-taker, Pertamina.
A higher DME purchase price would mean a government subsidy for Pertamina so that the DME can be sold at an affordable price for Indonesian households.
Further compounding the economic unviability of the proposed projects is the difficulty in calculating DME prices, because coal, LPG and oil prices all move in the same direction.
“Over the last 20 years, the DME price has been cheaper than LPG for 15 months, or about 6% of the period, on an ‘apples to apples’ basis,” says Peh.
IEEFA’s report suggests that a government subsidy similar to the current LPG subsidy from Indonesia’s Ministry of Finance is necessary for DME because of its high production cost of US$601/tonne, which includes a 15% DME production margin for Air Products.
“From the government’s point of view, the savings only work when the LPG price is above a certain level—about US$858/tonne,” says Peh. “Since this has only happened for 6% of the last 20 years, the DME project in its current form would not be able to justify any savings, nor would it be able to satisfy all four stakeholders at once.”
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Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
Tuesday, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...
Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia ...
Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
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- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
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