(Reuters) - Louisiana oil refineries shut by Hurricane Ida could take weeks to restart, costing operators tens of millions of dollars in lost revenues as they wait for water and electrical power to be restored, analysts said this week.
(Railway Age) - The United States Surface Transportation Board—as expected by many industry observers and financial analysts—on Aug. 31, 2021, by unanimous vote, rejected the CN-Kansas City Southern voting trust, effectively killing the merger, and opening the door for Canadian Pacific to re-engage with KCS on the CPKC (“Canadian Pacific Kansas City”) deal it struck with KCS on March 21, albeit with a sweetened offer. KCS has cancelled its Sept. 3 shareholder meeting to vote on the CN offer, and is considering CP’s offer.
(The Sydney Morning Herald) - The head of Australia’s largest lithium miner says carmakers are ratcheting up scrutiny of the environmental impact of mining practices across battery supply chains.
(The Hindu) - The public sector Fertilizers and Chemicals Travancore (FACT) is slated to restart caprolactam production later this week after a gap of more than seven years, making the event a landmark in the history of the company.
(Benzinga) - The continued competition and economic back and forth between the United States and China has spurred American policy to move toward a renewal of old capabilities in heavy industry and manufacturing. America used to be the king of the majority of sectors, including mining, refining and processing raw materials required for advanced manufacturing activities.
(ICIS) - SINGAPORE (ICIS)--Sumitomo Chemical is expanding its production capacity for high-purity chemicals for semiconductors, the Japanese producer said on Tuesday.
(Our Community News) - U.S. independent Contango Oil & Gas Co. plans to boost its natural gas production by more than half later this year with the acquisition of ConocoPhillips’ conventional assets in Wyoming’s Wind River Basin for $67 million.
(Hellenic Shipping News) - With bunker pricing moving upwards a new revision of Worldscale rate is expected to transpire. In its latest weekly report, shipbroker Gibson said that “the past couple of years have been very turbulent in many international markets due to the global pandemic.
(Time) - The scale and reach of Cargill, the nation’s largest private company, is staggering. The Minnesota-based company, which operates in 70 countries and has 155,00 employees, is involved in a range of businesses across the food chain, from selling feed to farmers, to commodities and meat processing.
(Farm Progress) - Matt Clover started a discussion about sulfur for corn with a simple question. The soil fertility specialist with Pioneer asked a virtual audience to answer “true” or “false”: Sulfur is just as important as nitrogen for normal crop development.
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(Dry Bulk Magazine) - Bruks Siwertell has won a contract to deliver a second Siwertell screw-type shipunloader to leading Indian fertilizer company, Paradeep Phosphates Ltd (PPL), operating at the port of Paradeep, in Odisha, India. |
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(Chemical Engineering) - Ineos Enterprises (London, U.K.) has announced completion of the sale of its Sulphur Chemicals business to International Chemical Investors Group. |
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(Chemical Engineering) - The Lubricants Additives Business of Lanxess AG (Cologne, Germany) is expanding its production capacity for light-color sulfur carriers at its Mannheim site by several thousand tons. |
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(Bloomberg) - Energy companies are starting to pitch the idea that planet-warming natural gas can be erased by paying villagers to protect forests. Experts can’t make the math work. |
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(Auto Evolution) - We’re clearly transitioning towards electric vehicles, as a more sustainable means of transportation. And while this is indeed good news, the process of switching to greener vehicles isn’t going as fast as needed. |
(World Fertilizer) - Yara has signed a Share Purchase Agreement with EuroChem to sell its Serra do Salitre phosphate mining project in Brazil for a cash consideration of US$410 million.
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(Agriculture) - XtremeAg’s Kelly Garrett, Matt Miles, and Kevin Matthews are down to the wire as they do what they can to squeeze every bit of yield out of their crop to take advantage of higher prices. |
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(BrownField AG News) - Fertilizer prices are expected to approach record high levels in 2022, bringing cost to the farmer up with them. |
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(Jioforme) - Today, industry groups in the manufacturing, transportation, and retail sectors supported the news that the bipartisan infrastructure bill was drawing attention in Congress and further debating in the House and Senate. |
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(World Fertilizer) - The EU’s new ‘Fit for 55’ climate plan will increase carbon costs and CAPEX for European metals and fertilizer producers and for those exporting to the EU, according to Fitch Ratings. |
(WO) – Chevron Corporation started water injection operations at two of its offshore projects to boost oil and gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico.
(Bloomberg) -- Koch Industries Inc., the second-largest closely held firm in the US, is changing its name after nearly six decades, along with its corporate structure.
(MSN) - Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.
Tessenderlo Kerley, Inc. held a celebratory groundbreaking to mark the commencement of construction on a new liquid fertilizer facility in Defiance, Ohio. The new 50,000-square-foot production facility will occupy 50 acres and is set to become operational in 2024. The facility will service the Eastern Great Lakes Region through its distribution partners and will include terminal loadouts for rail cars and tanker trucks.
(Reuters) - Ford Motor Co (F.N) said on Thursday it will buy lithium from ioneer Ltd's (INR.AX) Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.
(The Daily Scoop) - "The closing of this acquisition marks Koch's first substantial investment on the African continent," said Brad Razook, Executive VP of Koch Industries and CEO, Resources. "We are excited to add another nutrient to the KAES portfolio in collaboration with a world-class partner."
(The Wall Street Journal) - Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to pump oil for years to come.
(Elko Daily) - Alot has been happening with the Rhyolite Ridge lithium/boron project in recent months.
“On March 31, U.S. President Joe Biden announced plans to invoke the Defense Production Act to provide hundreds of millions in new subsidies for the mining of minerals critical for the wind, solar and electric vehicles industries.
(MSN) - Penflex Corporation recently became the newest member of The Sulphur Institute (TSI), an international, non-profit organization dedicated to advocating for the safe use of sulfur.
(Agri Business Global) - Koch Ag & Energy Solutions (Koch) and OCP have signed an agreement under which a Koch affiliate will acquire a 50% interest in Jorf Fertilizers Company III (JFC III) from OCP, the world's largest phosphate mining and leading global fertilizer group. When closed, the transaction will establish a 50/50 joint venture.