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Tuesday, 21 March 17
JAPAN'S RENEWED COMMITMENT TO COAL - BENJAMIN SPORTON
 Japan is one of the largest economies in the world, and has long been a major consumer and importer of energy and a leader in energy technology development. Japan is also the world’s fifth-largest electricity user – electricity accounts for more than 36% of total energy.
Since the 2011 earthquake and the subsequent Fukushima nuclear accident, Japan has had to contend with various challenges in its energy sector: shutdown of all nuclear power plants has meant that Japan has faced increased fuel imports coupled with higher electricity prices.
Technology-driven urban lifestyles, growth of the middle class, rising incomes, and more electricity-enabled appliances and machines contribute to increased electricity demand. So it’s no wonder Japan is set to build 45 new high efficiency modern coal plants.
It is often said that coal is a fuel for the developing world, but is a good example of why that’s true. Developing economies require access to stable and affordable energy to build industrial capacity. On the other hand, developed countries require affordable and reliable electricity to continue to maintain economic competitiveness. For example, even under the now suspended Clean Power Plan in the United States, coal was forecast to provide 27% of US electricity in 2030. Australia's biggest states rely on coal for more than 90% of their electricity. In Germany coal plays a critical role in balancing the intermittency of renewables- providing about 30% of the electricity mix.
Japan knows full well that building more ultra-modern coal-fuelled power plants is the only way it can meet energy security demands and its environmental responsibility. Japan is signatory to the Paris Agreement and has pledged a 26% reduction in carbon dioxide emissions by 2030. But the country also wants to remain competitive economically, so it’s diversifying its energy mix.
The additional 45 power plants will use state of the art high efficiency, low emissions (HELE) technologies. HELE technologies are a group of technologies developed to increase the amount of energy that can be generated from a coal plant while decreasing emissions.
Japan is no stranger to HELE technologies. The Isogo Thermal Power Station, located just 6 km from central Yokohama, is a great example of how HELE can help provide the efficiencies needed while provide the base-load energy that comes from coal. The Isogo plant uses ultra-supercritical (USC) technology to generate steam up to 620 degrees C and achieves a 45% efficiency level.
The IEA has forecast an increase in new HELE coal plants in the next 25 years. According to the Agency’s latest forecast, 730GW of these highly efficient plants will be built by 2040, and that more than half of the coal fleet in developing countries will increasingly consist of HELE plants by that same period.
Recognising this, the World Coal Association has set up the global Platform for Accelerating Coal Efficiency (PACE) to help raise the global average efficiency of coal-fuelled power plants and in effect to minimise CO2 emissions, whilst maintaining legitimate economic development and poverty alleviation efforts.
Deploying high efficiency low emission (HELE) coal-fuelled power plant is also a key step along a pathway to near zero-emissions from coal with carbon capture, use and storage (CCUS).
By Benjamin Sporton
WCA Chief Executive
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Friday, 30 April 21
HIGH-SULPHUR FUEL OIL SALES REBOUND AFTER PRE-IMO 2020 - BIMCO
HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is however still less than a third of high-sulphur fuel sales in Q1 2019, before t ...
Wednesday, 28 April 21
MARKET INSIGHT - INTERMODAL
Despite the current challenges as a result of the global pandemic, 2021 is turning out to be a landmark year for the iron ore market with spot pric ...
Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Admin ...
Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy p ...
Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...
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- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Minerals Council of Australia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
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