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Nippon Steel to invest in Canadian coal company; steelmaking coal offtake agreement

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EVR), which will be spun-off from Teck as an independent publicly-listed Canadian company and will own and operate the steelmaking coal business previously conducted by Teck. The remainder of Teck’s business will be spun-off as the independent company Teck Metals, which will focus on base metals production.

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SAF company DG Fuels closes investments with two Japanese companies

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DG Fuels, LLC (DGF), a developer of sustainable aviation fuel (SAF) facilities ( earlier post ), announced the successful closing of investment transactions with two Japanese companies. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming. Chishima Real Estate Co.,

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IINO Lines, J-POWER and Norsepower partner to install rotor sail on a dedicated coal carrier

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IINO Kaiun Kaisha and Electric Power Development (J-POWER) have agreed to install the rotor sail (wind propulsion auxiliary device) manufactured by Norsepower on the dedicated coal carrier YODOHIME (completed in February 2016).

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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This material will be used in the steelmaking process to offset other high-quality metallics that come with higher greenhouse gas emissions. The process developed by Electra produces Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity.

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Tesla Energy takes a stand against coal and gas generators in Australia

Teslarati

Tesla Energy firmly argued against using coal and gas generators to support a proposed low-cost, reliable, secure, and zero-emissions grid in Australia. . In April 2021, the ESB released an options paper and invited companies and innovators to comment on their detailed design thus far. Two main points were driven in the letter.

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EPA proposes new pollution standards for fossil fuel-fired power plants

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The US Environmental Protection Agency (EPA) has proposed new CO 2 standards for coal and natural gas-fired power plants. Through 2042, EPA estimates the net climate and health benefits of the standards on new gas and existing coal-fired power plants are up to $85 billion.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The impact of the coronavirus on oil markets may be temporary.

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