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Monday, 30 August 21
68% OF U.S. COAL FLEET RETIREMENTS SINCE 2011 WERE PLANTS FUELED BY BITUMINOUS COAL - EIA
 In 2011, the United States had 317.6 gigawatts (GW) of coal-fired electric generation capacity. About 88.7 GW of that capacity was retired in the decade that followed. Units fired by bituminous coal accounted for the largest share of retired capacity, at 68%.
Coal is classified into different types, or ranks. The two coal types most commonly used in U.S. coal-fired power plants are bituminous and subbituminous coal.
Generating units that burn bituminous coal were generally older and smaller, leading to more of them retiring than units fueled by subbituminous coal, particularly from 2011 to 2015.
The lower delivered price for subbituminous coal (because of more cost-effective mining practices) also makes coal plants that use it more economically competitive than bituminous coal-fired plants. In 2019, the delivered price of subbituminous coal was $1.86 per million British thermal units (MMBtu), compared with $2.26/MMBtu for bituminous coal.
Another important factor in coal capacity retirements is the degree of competition from other electricity generation sources in the regions where the plants operate.
Bituminous coal is predominantly mined in the Appalachian Basin and Illinois Basin; it’s the primary coal type used in coal plants in the northeast and southeast regions of the United States. However, many of these plants sourced their coal from mines in Appalachia, which quickly became uneconomical following the increase in natural gas production in the nearby Marcellus and Utica shale gas fields.
To take advantage of their proximity to expansive natural gas supply, producers built a large amount of natural gas-fired capacity in Pennsylvania and Ohio on top of the Marcellus and Utica shales. Of the 93.5 GW of natural gas capacity built in the United States from 2011 to 2020, 14.3 GW is located in Pennsylvania and Ohio. The build-out of natural gas capacity added to the economic advantage of natural gas, driving bituminous coal-fired plant retirements. Bituminous coal-fired capacity retirements in Ohio and Pennsylvania accounted for 20% of all coal retirements between 2011 and 2020.
Even with lower fuel prices, subbituminous coal-fired units are also retiring because of increased competition from natural gas and renewable sources. Subbituminous coal, primarily mined in Wyoming, is the dominant coal type used in the central part of the United States. Although coal-fired generation encounters less competition from natural gas in the central part of the country, the rapid growth of wind capacity in the central United States since 2011 has taken market share away from power plants using subbituminous coal.
Source: EIA
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Wednesday, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...
Wednesday, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
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- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- White Energy Company Limited
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
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