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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
 There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the continued emergence of gas as a ‘transition’ fuel. As recent International Energy Agency (IEA) numbers have shown a decrease in global coal demand for the second year in a row, we have increasingly heard that coal is in permanent decline and doesn’t have a future.
The story is clearly much more complex than this.
Reduced demand is forecast for Europe, largely due to policy measures supporting renewables. The same is true for the United States, though in this instance it’s largely due to competition from natural gas. But this doesn’t tell the whole story. Across Asia, there is a very different energy picture emerging.
Asian economies, from India, to Pakistan, to Bangladesh and across Southeast Asia, are forecast to see significant growth in their economies over coming decades and a huge growth in energy demand. While their energy needs will be met by a range of energy sources, coal will play a critical role. According to the IEA, coal’s share in power generation across Southeast Asia is expected to grow from 35% today to 40% by 2040.
Coal has been a critical enabler of development in the modern world. While its role globally is going to change over coming decades, it will still be an essential energy source, particularly to the rapidly industrialising and urbanising economies of Southeast Asia.
China has been central to global coal growth for the past two decades. While coal demand is expected to fall slightly, the headlines hide a more complicated picture. Chinese demand for coal has fallen slightly, even as power generation from coal has grown. Reduced consumption in small and industrial boilers explains some of this decline. However, more interestingly, some of the reduction in demand for coal has been driven by much higher plant efficiencies in China’s coal power fleet. China is pushing for a national switch to high efficiency low emissions (HELE) coal plants in a drive to create the world’s cleanest coal-fuelled power system. Taking it a step further, this fleet will be well-placed to be retrofitted with carbon capture and storage (CCS) as this critical climate technology is scaled up. China has a clear plan to scale up its efforts on CCS, making it a critical element of their Paris Agreement pledges.
CCS technology has seen significant progress over the past year, not only in China. A year ago, the world’s largest coal-fuelled CCS facility came online at the Petra Nova plant in Texas and it’s already captured more than a million tonnes of CO2. There is also the landmark Boundary Dam CCS coal plant in Canada, which has now been operating for more than three years. In India, a breakthrough company Carbon Clean Solutions is capturing and using CO2 at significantly lower cost than has been experienced in other projects.
All these developments are important. Both the IEA and the Intergovernmental Panel on Climate Change (IPCC) agree that without CCS technology, we will not achieve our climate objectives. References to CCS are found in many national pledges under the Paris Agreement, indicating a wider support globally, but more work needs to be done to progress its deployment. Political and financial support for CCS, alongside policy parity with other low emission technologies, will help to encourage widespread deployment.
We believe that coal is not the problem, emissions are. Given the growing role of coal across Southeast Asia, it’s essential that support is provided to ensure that coal is used with the lowest emissions profile.
To support this, we, at the World Coal Association launched last year new partnerships with international bodies such as the ASEAN Centre for Energy, which resulted in co-publishing a report, ASEAN's Energy Equation.
We all have the same objective – a sustainable future for our planet, a safe climate and economic growth. To deliver this, we need an energy system that delivers affordable, reliable and clean energy.
It’s possible to meet these objectives but we need to recognise that even as energy systems change, there is still forecast to be a significant role for coal.
If we ignore the role of coal then we risk forgetting the essential work we need to do on low emission technologies that will ensure a sustainable energy future.
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Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
Tuesday, 27 March 18
SHIPPING MARKET ANALYSIS - GERRY LATHROP
With the almost complete phase out of Tier II new-building slots on our door step, along with the plethora of emissions related articles seemingly ...
Friday, 23 March 18
RIO TINTO AGREES SALE OF HAIL CREEK AND VALERIA TO GLENCORE FOR $1.7 BILLION
Press Release: Rio Tinto has entered into a binding agreement with Glencore for the sale of its entire interests in the Hail Creek coal mine and th ...
Wednesday, 21 March 18
CHINA'S RAW COAL OUTPUT UP IN 2017, FIRST GROWTH SINCE 2014 - XINHUA
China’s raw coal output rose in 2017 due to rebounding demand and high-quality capacity, according to the National Bureau of Statistics (NBS) ...
Wednesday, 21 March 18
MARKET INSIGHT - CHRISTOPHER T. WHITTY
President’s Trump administration proposed tariffs on steel and aluminum imports in an attempt to target China and Europe among others. Earlie ...
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Showing 1761 to 1765 news of total 6871 |
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- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Australian Coal Association
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
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