Green Steel: Separating Promise from Probability
The latest edition of McCloskey’s Green Steel Profile covers over 200 projects focused on either establishing new green iron and steel production with low embedded greenhouse emissions, or on modernising existing facilities. Read More
Ship Fuel Costs up $393 Million/Day as US, Israel Strikes on Iran Spur Oil Prices Higher
Shipping companies are spending an extra €340 million ($394 million)/day in additional fuel costs due to the ongoing conflict between the U.S., Israel and Iran, according to the European Federation for Transport and Environment (T&E) in a report on March 27. Read More
European Carbon Allowances Eyed as Finance Tools Amid Rising Prices
European industrial operators have used free carbon allowances for financing purposes such as repurchasing agreements and as collateral for loans, and experts familiar with the deals say that rising carbon prices could encourage such practices. Free carbon allowances are handed to big emitters in several industrial sectors subject to the EU and UK emissions trading systems (ETSs) to stop operators from being at a competitive disadvantage to imports from countries without carbon prices. But an investigation by OPIS shows that such allowances are being used for wider financing purposes. Read More
Federal Judge Rules Against Trump’s January Order Halting Wind Energy Development
A federal judge on Monday sided with 18 state attorneys general who challenged the Trump administration's halt on the federal permitting of all wind energy projects. Read More
DOE Renames National Renewable Energy Laboratory, Broadens Research Mission
The U.S. Department of Energy announced Monday it has renamed the National Renewable Energy Laboratory (NREL) as the National Laboratory of the Rockies (NLR), signaling a broader applied energy research focus beyond renewable energies to align with the Trump administration's priorities of striving to make energy affordable and reliable to meet increasing demand, and acknowledging the lab's scenic setting in Golden, Colo. Read More
SIEW 2025: Tuas Power’s Steam Generation Plant to Run on 100% Biomass
Tuas Power’s plan to convert its steam generation plant, Singapore’s largest, to run on 100% renewable biomass by 2028 exemplifies a collective effort crucial for the country’s energy transition, said speakers on a panel during Singapore International Energy Week on Thursday. Read More
OPIS Forum: Energy Transition is about Diversification, Not a Linear Shift
The simultaneous rise in consumption of both fossil fuels and renewables is making energy transition less a simple phase-out of traditional fuels and more an expansion of power sources, with the process likely to take longer than expected, given varying stages of development across the world, said panelists at the OPIS Energy and Chemicals Forum on Wednesday. Read More
OPIS Forum: China’s EV Growth Putting Brakes on Gasoline Demand
Electric vehicles are spearheading China’s energy transition, with the cheaper costs of electricity putting pressure on the growth of gasoline consumption , according to findings from Sinopec Economics and Development Research Institute, presented at the OPIS Energy and Chemicals Forum in Singapore on Wednesday. Read More
OPIS Forum: China’s Primary Energy Consumption Forecast to Grow at Slower Rate
China’s primary energy consumption is expected to maintain its growth momentum till around 2040, albeit at a decelerating pace, according to Sinopec Economics and Development Research Institute at the OPIS Energy and Chemicals Forum in Singapore on Wednesday. Read More
INEOS Faces $31 Million Penalty Despite Reducing Carbon Emissions by 75%
INEOS Acetyls has said it faces a £23 million ($31 million) penalty in withheld carbon credits despite slashing emissions by 75% at its site based in Hull, in the north of England. Read More
Focus on Development, not Climate, World Bank Climate Change Team Told
The World Bank's core mission is development and language around the institution's work and investments should align more with that and not climate, according to an internal email seen by OPIS. Read More