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Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the biggest source of planet-warming gases in the atmosphere, a report has found.
The coal fleet grew by 19.5 gigawatts last year, enough to light up 15 million homes, with nearly all newly commissioned coal projects in China, according to a report by Global Energy Monitor (GEM), an organisation that tracks a variety of energy projects around the globe.
That one per cent increase comes at a time when the world needs to retire its coal fleet four-and-a-half times faster to meet climate goals, the report says.
In 2021, countries around the world promised to phase down the use of coal to help achieve the goal to limit warming to 1.5 C.
“The more new coal projects come online, the steeper the cuts and commitments need to be in the future,” said Flora Champenois, the report’s lead author and the project manager for GEM’s Global Coal Plant Tracker.
New coal plants were added in 14 countries and eight countries announced new coal projects. China, India, Indonesia, Turkey and Zimbabwe were the only countries that both added new coal plants and announced new projects.
China accounted for 92 per cent of all new coal project announcements.
China added 26.8GW and India added about 3.5GW of new coal power capacity to their electricity grids. China also gave clearance for nearly 100GW of new coal power projects with construction likely to begin this year.
But “the long term trajectory is still towards clean energy”, said Shantanu Srivastava, an energy analyst with the Institute for Energy Economics and Financial Analysis who is based in New Delhi.
In Europe, where the Russian invasion of Ukraine meant a scramble for alternative energy sources and droughts stifled hydropower, the continent only saw a very minor increase in coal use.
Others went the other way. There were significant shutdowns in the US, where 13.5GW of coal power was retired. It is one of 17 countries that closed up plants in the past year.
With nearly 2500 plants around the world, coal accounts for about a third of the total amount of energy installation globally. Other fossil fuels, nuclear energy and renewable energy make up the rest.
To meet climate goals set in the 2015 Paris Agreement, coal plants in rich countries need to be retired by 2030 and coal plants in developing countries need to be shut down by 2040, according to the International Energy Agency.
That means about 117GW of coal needs to be retired every year, but only 26GW was retired in 2022.
“At this rate, the transition away from existing and new coal isn’t happening fast enough to avoid climate chaos,” Champenois said.
Source: AAP (Australian Associated Press)
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Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
Friday, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
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- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
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