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Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
 Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring between $2 billion and $6 billion per year to the U.S. economy.
The report comes from the Energy Policy Research Foundation, a Washington, D.C.-based think tank that focuses on oil-related economic issues.
Around a half-dozen proposals have arisen in Washington and Oregon this year to build export terminals that would shuttle coal from the Powder River Basin of Montana and Wyoming to energy-hungry Asian markets through the Pacific Northwest. Three projects proposed along the Columbia River near Portland represent around $1 billion in private investment.
Proponents laud the economic potential of the projects — Portland barge-makers Gunderson LLC and Vigor Industrial already plan to split $75 million worth of work related to one proposal. But critics are fighting coal exports primarily on two fronts — that they will lead to widespread rail congestion and that any economic gains aren’t worth the damage caused from enabling the increased use of greenhouse gas-emitting power sources.
The Energy Policy Research Foundation report dismissed the criticism.
It called the rail traffic issues “state and local concerns which can be addressed through a number of remedies.”
On the larger environmental issue, the report claims that lower-cost coal from the Powder River Basin isn’t likely to have an effect on coal prices worldwide and neither the volume of world coal combustion or greenhouse gas emissions would change as a result.
Ross Macfarlane, senior adviser for business partnerships at Seattle-based environmental policy group Climate Solutions, said that economic assertion not only isn’t accurate, “it’s in direct opposition to what’s happening in world markets.”
“U.S. coal is moving prices significantly downwards because it is supplanting, in the short term, higher-priced coal from Australia and Indonesia and causing major dislocations,” Macfarlane said.
The report's claim “goes against the basic laws of supply and demand,” he said.
The report was heralded by the Alliance for Northwest Jobs & Exports, a business-backed, pro-coal nonprofit based in Seattle that made its debut last week.
“This report confirms what we already know in the Northwest – we can continue to build on our strong trade heritage, creating thousands of new jobs and millions in new tax revenue for our region, and do it in an environmentally responsible way,” Alliance spokeswoman Lauri Hennessy said in a news release.
Macfarlane said he doesn’t dispute that coal exports will lead to billions of dollars coming into the U.S. economy.
“The question is who will get that value,” he said. “I think it’s clear that most of that value is going to be going into a very small number of pockets and the costs will be borne throughout the region and the world.”
Source: Sustainable Business Oregon / Hellenic Shipping
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Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
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- Globalindo Alam Lestari - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
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- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
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- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
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- Price Waterhouse Coopers - Russia
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- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- The University of Queensland
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- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
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- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
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- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
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- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
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- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
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- India Bulls Power Limited - India
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- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
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- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
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- Interocean Group of Companies - India
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- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
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