SlideShare a Scribd company logo
1 of 20
Download to read offline
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 1
NewBase Energy News 24 April 2023 No. 1613 Senior Editor Eng. Khaed Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Saudia dispatched First accredited low-carbon ammonia
shipment to Japan
Staff Writer, Saudi Press Agency
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel
in power generation. It represents another milestone in the development of this lower-carbon energy
solution.
The shipment is the result of a successful multiparty collaboration across the low-carbon ammonia
value chain. The ammonia was produced by SABIC Agri-Nutrients (“SABIC AN”) with feedstock
from Aramco, and sold by Aramco Trading Company to the Fuji Oil Company (“FOC”).
Mitsui O.S.K. Lines (“MOL”) was tasked with shipping the liquid to Japan, then the low-carbon
ammonia was transported to the Sodegaura Refinery for use in co-fired power generation, with
technical support provided by Japan Oil Engineering Co (“JOE”).
The ammonia is categorized as low-carbon because CO2 from the associated manufacturing
process was captured and utilized in downstream applications.
Japan’s Ministry of Economy, Trade and Industry has announced plans to increasingly harness
ammonia as a fuel for power generation and for ship propulsion, as part of the country’s 2050
decarbonization goals.
The low-carbon ammonia that reached Japan is part of broader efforts by Aramco and SABIC AN
to establish a global supply network for this lower-carbon fuel. Aramco and SABIC AN aim to supply
low-carbon ammonia to other players to meet their early demand needs.
ww.linkedin.com/in/khaled-al-awadi-80201019/
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 2
Olivier Thorel, Aramco Senior Vice President of Chemicals, said: “This is another milestone that
highlights the possibilities for low-carbon hydrogen and ammonia made from Aramco feedstock,
with the potential to play a role in a lower-carbon future.
Not only is low-carbon ammonia a means to transport lower-carbon hydrogen, it is an important
energy source in its own right that can help decarbonize key sectors – including power generation
for both utilities and industries. By dispatching this accredited low-carbon ammonia to Japan, we
are helping chart a course for the development of this vital commodity.”
Abdulrahman Shamsaddin, SABIC AN CEO, said: “Our aim is to capitalize on this important
milestone to grow and expand our positive contribution toward carbon neutrality. SABIC Agri-
Nutrients made a public commitment not only to become carbon neutral by 2050 but also to
collaborate with customers to help them achieve their net-zero emission targets.
Customers in the energy, fertilizer and chemical sectors are looking for suppliers of lower-carbon
hydrogen and ammonia. And we can meet their demand by leveraging our long-standing strengths
across the value chain.”
Shigeto Yamamoto, FOC Representative Director, President, said: “As Japan aims to achieve
carbon neutrality by 2050, low-carbon ammonia is expected to be a next-generation fuel that can
contribute to the reduction of CO2 emissions.
In order to reduce CO2 emissions from our own operations, we have been working on co-firing
ammonia, which is a by-product of the petroleum refining process, in the boiler at our Sodegaura
Refinery, and we plan to burn low-carbon ammonia imported this time with the cooperation of our
partners in the same boiler. We will continue these efforts to contribute to the construction of the
ammonia supply chain.”
Mohammed Al-Mulhim, Aramco Trading Company CEO, said: “This landmark achievement is an
example of excellent collaboration across businesses within Aramco, SABIC, Aramco Trading and
our Japanese partners, and indeed a major boost for our sustainability efforts.”
Toshiaki Tanaka, MOL Representative Director, Executive Vice President Executive Officer, said:
“Ammonia is expected to be in great demand as a next-generation, clean energy source. Japan
aims to achieve a carbon-neutral society by 2050, and we are very pleased to transport
independently-certified low-carbon ammonia from Saudi Arabia to Japan.
We are aiming for a track record of safe, reliable services across multiple transportation modes, in
accordance with our customers’ needs. By combining accumulated knowledge and proactively
participating in a broad range of value chains, we hope to contribute to the decarbonization of
society.”
In 2020, Aramco collaborated with SABIC to dispatch the world’s first shipment of low-carbon
ammonia to Japan in a demonstration project. Then, in 2022, Aramco and SABIC AN received the
world’s first independent accreditation for low-carbon hydrogen and ammonia products. By the end
of that year, the two companies had delivered the world’s first accredited low-carbon ammonia
shipment to South Korea. The latest shipment to Japan brings this lower-carbon energy solution
one step closer to the mainstream.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 3
Oman pivots to Concentrated Solar Power with new project in
Duqm as part of renewable energy push .. by Utilities Middle East
Oman is moving towards renewables-based electricity generation with a new Concentrated Solar
Power (CSP) project in Duqm. Oman Power and Water Procurement Company (OPWP) is exploring
a mixed portfolio of renewable resources and technologies to meet Oman’s target for 35 – 39% of
national electricity supply coming from renewables by 2040.
CSP technology complements solar photovoltaic (PV) technology, which is already in use at Oman’s
first large-scale grid-connected 500 MWp solar power plant in operation at Ibri. However, CSP
technology uses mirrors arrayed in concentric circles to reflect solar radiation onto a centrally
located thermal receiver.
The heat is then captured and stored by a fluid to power a turbine and generate electricity. The CSP
project at Duqm also includes thermal storage within its scope to ensure a degree of stabilized
electricity supply from the plant.
Once deemed viable, OPWP plans to include the CSP project in its procurement strategy. A
feasibility study into the project – originally envisaged with a capacity of around 600 MW, was earlier
slated to be completed in 2022.
OPWP’s procurement strategy envisions the procurement of new solar and wind based Independent
Power Projects on an annual basis over the next several years through 2028.
CSP technology complements solar photovoltaic (PV)
technology, which is already in use at Oman’s first large-
scale grid-connected 500 MWp solar power plant in
operation at Ibri
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 4
The strategy includes three solar PV projects, five wind IPPs, and one Waste-to-Energy project.
Additionally, a new solar IPP within the Main Interconnected System (MIS) is being prepped for
launch in 2027, Ras Madrakah Wind IPP (Al Wusta Governorate) in 2027, and Sadah Wind IPP
(Dhofar Governorate) in 2028.
OPWP is focused solely on renewable energy projects over this timeframe and has no plans to
procure new gas-based thermal capacity.
However, any supply shortfalls will be met through short-term capacity pacts or energy imports via
interconnections with neighbouring power systems, or other local operators with surplus capacity
on their hands.
The shift towards renewables-based sources is a significant step for Oman in achieving its targets
for the decarbonisation of the power generation sector.
The addition of the CSP project at Duqm will increase the country’s capacity for renewable energy
and provide a more stable supply of electricity to meet the growing demand for energy.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 5
Yemen: Boskalis to remove oil from FSO Safer moored off Yemen
Source: Boskalis
Boskalis through its subsidiary SMIT Salvage has reached an agreement with the United Nations
Development Programme (UNDP) for the oil removal from the FSO Safer moored off Yemen’s Red
Sea coast. This project is a part of the UN-coordinated operation to remove and transfer more than
one million barrels of oil from a decaying tanker into a safe modern tanker and the responsible
disposal of the Safer.
Peter Berdowski, CEO Boskalis, 'We have been assisting the UN in their endeavors to avert a
potential massive environmental and humanitarian disaster off the coast of Yemen since 2021. We
are extremely delighted that these efforts and the perseverance of the UN to raise the
necessary funds has brought us to this agreement. Following a long planning period, our salvage
experts are keen to get to work and to remove the oil from the Safer.
The Boskalis vessel Ndeavor will depart tomorrow from the port of Rotterdam stocked with all the
necessary salvage equipment and I wish the crew all the success in this important mission.'
Liesje Schreinemacher, Dutch Minister for Foreign Trade and Development Cooperation: 'An
enormous oil disaster is looming, which could have serious humanitarian, environmental and
economic implications. But we now have a chance to prevent that disaster. The Netherlands has
worked hard to mobilize funds for the operation and now a major new step has been taken. It’s good
that Dutch firm Boskalis is taking on a key role in the response. The Netherlands will continue
helping the UN to bring this to a good end.'
'The agreement today between UNDP and Boskalis subsidiary SMIT Salvage, to deploy a team of
leading experts aboard the Ndeavour marks another critical milestone of the ‘Stop Red Sea
Spill’ operation to transfer oil from the decaying FSO Safer to a safe temporary vessel,' said Achim
Steiner, UNDP Administrator. 'We look forward to be working with Boskalis and other leading
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 6
experts to prevent a humanitarian, environmental and economic disaster. We also appeal to leaders
from governments and corporations to step forward and help us raise the remaining $29 million
required to complete this complex rescue operation.'
The project scope for Boskalis consists of a number of phases. The Boskalis multipurpose support
vessel Ndeavor has been prepared in the Netherlands and will sail to Djibouti over the coming three
weeks. The salvage crew will make the final preparations in Djibouti before departing for the Safer
located off the coast of Yemen.
The initial onsite phase will focus on a thorough inspection of the vessel, its cargo and creating a
safe working environment. Once the vessel and its cargo tanks are declared safe, a UN purchased
Very Large Crude Carrier (VLCC) will come alongside at which point the ship-to-ship oil pumping
operation can commence.
The tanks of the Safer will subsequently be cleaned and the residual water will also be transferred
into the VLCC. The entire onsite operation is expected to be completed within two months. Once
the Safer is declared clean and empty, it will be prepared for towing to a green scrapping yard under
the responsibility of the UN.
About the FSO Safer
The Safer is a Floating Storage and Offloading (FSO) facility moored approximately 9 kilometers off
the Red Sea coast of Yemen and 50 kilometres northeast of the port of Hodeida. Constructed in
1976 as an oil tanker and converted in 1987 to be a floating storage facility, the Safer is single-
hulled and is believed to contain an estimated 1.14 million barrels of light crude oil.
The FSO has not been maintained since 2015 because of the conflict in Yemen, and it has decayed
to the point where there is a risk it could explode or break apart, which would have disastrous
environmental and humanitarian effects on the region.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 7
US Inflation Reduction Act 'to spur $3 trillion investment in
renewable energy tech',
The National - John Benny + NewBase
The US Inflation Reduction Act (IRA) will spur about $3 trillion of investment in renewable energy
technology, according to Goldman Sachs. It could double th e amount of energy produced by the
US shale revolution more than a decade ago, the investment bank said in a report.
“Shale remains a valuable asset, but in our view, the US can no longer rely on it to carry this key
cost competitive advantage into the next decade: it needs another energy revolution to maintain its
energy cost leadership,” said Michele Della Vigna, Goldman Sachs' head of natural resources
research.
The IRA, enacted last year, offers a series of tax incentives on wind, solar, hydropower and other
renewables, as well as a push towards electric vehicle ownership. The law will usher in the “next
energy revolution” and is expected to provide $1.2 trillion of incentives by 2032, Goldman Sachs
said.
By 2032, there will be a total investment opportunity of $2.9 trillion available for the “re-invention” of
the American energy system, which equates to an average annual investment of $290 billion, it
added. The IRA could stimulate $11 trillion of total infrastructure investments by 2050, the bank
said.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 8
It “biggest” impact is likely to be in the transportation sector, mainly through modified tax credits for
new electric and clean commercial vehicles, which will lead to reduced costs for cleaner
alternatives, Goldman Sachs said.
However, government spending under the IRA will depend on the number of companies that will
move their operations back to the US, the report said. “They are weighing the benefits of tax credits
against the potential increased manufacturing costs compared to the current locations of these
components.”
Another big uncertainty is the share of EVs that will qualify for tax incentives, Goldman Sachs said.
Investing in clean power is set to be key as electricity generation was responsible for nearly a third
of US carbon emissions in 2021.
The country’s power demand is expected to increase 2.5 times by 2050, compared with 2021,
requiring a renewable power investment of $6.6 trillion, according to Goldman Sachs. This includes
building renewable energy plants, upgrading power grids and expanding energy storage at utility-
scale.
Renewable energy sources will grow by about 9 per cent annually through to 2050, representing 44
per cent of total generation capacity by 2030 and 80 per cent by 2050, the investment bank
estimated.
Meanwhile, US hydrocarbon energy will “gradually decline”, depending on the pace of energy
transition and the carbon content of each fuel, Goldman Sachs said. “Natural gas will likely diminish
after 2030, but consumption is expected to be more resilient than oil and gas.”
Driven by rising liquefied natural gas capacity, US natural gas exports will nearly double to 20 billion
cubic feet a day by 2030 from 11 billion cubic feet a day currently as domestic consumption falls,
the report said.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 9
As the EV market share increases, oil demand for transportation will decline significantly after 2030,
said Goldman Sachs, which expects EVs to make up 75 per cent of the market by 2040. “One EV
replacing one internal-combustion engine car in the total fleet reduces, on average, oil consumption
by 11 barrels per annum.”
Electrification and the clean energy push will increase demand for natural resources such as
aluminium, copper, lithium and nickel, needed for the power network, charging infrastructure, EVs,
and battery manufacturing.
“For battery metals such as lithium, nickel and cobalt, we expect demand growth by several folds,”
said Mr Della Vigna. “The demand profiles for nickel, cobalt and lithium will, to a major extent,
depend on the mix of EV battery types adopted.”
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 10
NewBase April 24 -2023 Khaled Al Awadi
NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE
Oil prices fall 1% on uncertainty over global outlook, rate hikes
Reuters + NewBase
Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy
and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+
supply cuts.
Brent crude slipped 88 cents, or 1.08%, to $80.78 a barrel by 0835 GMT, while U.S. West Texas
Intermediate crude was at $77.06 a barrel, also down 81 cents, or 1.04% lower.
Both contracts fell more than 5% last week, their first weekly drop in five, as U.S. implied gasoline
demand fell from a year ago, fuelling worries of a recession at the world's top oil consumer.
Weak U.S. economic data and disappointing corporate earnings from the tech sector sparked
growth concerns and risk aversion among investors, CMC Markets analyst Tina Teng said. The
stabilising U.S. dollar and climbing bond yields are also adding pressure on commodity markets,
she added.
Oil price special
coverage
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 11
Central banks from the United States to Britain and Europe are all expected to raise interest rates
when they meet in the first week of May, seeking to tackle stubbornly high inflation.
China's bumpy economic recovery from COVID-19 also clouded its oil demand outlook, although
Chinese customs data showed on Friday that the world's top crude importer brought in record
volumes in March. China's imports from top suppliers Russia and Saudi Arabia topped 2 million
barrels per day (bpd) each.
Still, refining margins in Asia have weakened on record production from top refiners China and India,
curbing the region's appetite for Middle East supplies loading in June.
Nevertheless, analysts and traders remained bullish about China's fuel demand recovery towards
the second half of 2023 and as additional supply cuts planned by OPEC+ - the Organization of the
Petroleum Exporting Countries and allied producers including Russia - from May could tighten
markets.
"Planned output cuts by the OPEC+ alliance and a strong demand outlook from China could provide
a fillip to prices in the coming days, where Brent is likely to find key support around $79 a barrel,
while for WTI crude support is aligned at $75 a barrel," Sugandha Sachdeva, an independent oil
markets expert, said.
In the United States, energy firms last week added oil and natural gas rigs for the first time in four
weeks, energy services firm Baker Hughes Co (BKR.O) said.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 12
NewBase Specual Coverage
The Energy world –April -24-2023
CLEAN ENERGY
How the Clean Air Act lets closed coal plants keep polluting for years
Reuters - Tim Mclaughlin
Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity
in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper,
cleaner natural gas and incentives in the U.S. Clean Air Act.
But the facility’s legacy of smog pollution continued long after it closed.
That’s because a loophole in clean-air regulations allowed Hatfield’s Ferry to collect emissions
allowances under a cap-and-trade program for five years after it shut down. The plant’s owner then
sold those credits to other plants, which can use them to stay in compliance when they exceed their
own regulatory budget of allowances. Among the beneficiaries: the biggest emitter of smog-causing
gas in America’s power sector.
Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant
Under the federal program, states distribute a certain number of allowances to power plants
annually. Each one permits one ton of nitrogen oxide (NOx) emissions. NOx contributes to smog,
which causes respiratory problems and premature death.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 13
If a plant doesn’t use all of its allowances, it can sell them to other plants. The credits are valuable
because they can provide plants a cheaper alternative to buying and operating hugely expensive
pollution-control equipment.
The provision grants closing plants a credit windfall: They can sell all of their allowances because
they are no longer generating smog themselves.
A Reuters review of federal data shows the owner of Hatfield’s Ferry, FirstEnergy Corp (FE.N), sold
most of the credits it received after closing the plant or transferred them to other FirstEnergy-owned
facilities.
One batch, worth an estimated $1.2 million, helped Missouri’s New Madrid Power Plant in 2021
comply with emission regulations while generating the most smog-producing NOx in the nation.
Reuters found dozens of other examples of coal plants using credits from closed facilities to help
comply with pollution rules over the past five years.
FirstEnergy Corp (FE.N) declined to comment.
As the climate-change fight intensifies, governments worldwide have struggled to phase-out coal,
among the dirtiest fossil fuels, without harming reliability and affordability of electricity. That issue
and other environmental challenges are getting heightened attention today, April 22,
on International Earth Day.
The issue highlights an unintended consequence of the U.S. EPA’s latest revision of the Cross-
State Pollution Rule (CSAPR), first enacted in 2011 as a provision of the Clean Air Act. The measure
is aimed at cutting air pollution from upwind states that harms air quality in downwind states.
The Environmental Protection Agency (EPA) last month moved to reduce the impact of closed-plant
allowances by reducing the number of years a retired facility can collect them from five to two. But
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 14
the previous policy had already injected the market with a huge volume of credits that will take years
to work their way through the system:
Between 2017 and 2020, for instance, the ratio of allowances available to comply with NOx-pollution
regulations during the peak ozone season surged. In 2020, there were 2.5 allowances available for
every ton of NOx pollution emitted by plants in the cap-and-trade program, compared to 1.5
allowances per ton in 2017, EPA disclosures show.
Retired-plant allowances fueled the liquidity. In 2020, about 20% of the 585,000 allowances
available to cover 232,000 tons of emissions were from power plants that had retired at least one
coal-fired unit in the past decade, federal data show. The power sector lobbied last year to keep the
closed-plant credits flowing, according to letters sent to the EPA by utilities and electric
cooperatives.
Associated Electric Cooperative Inc (AECI), the New Madrid plant’s owner, said in a statement that
it was cheaper to buy allowances than run the facility’s pollution controls. “This is the EPA’s cap-
and-trade allowance program working as designed,” AECI said.
CREDIT ‘GLUT’
But the program wasn’t working as the EPA intended. In 2021, the agency reduced allowances for
power plants in 12 states to curb an oversupply in the NOx-credit market, according to rule changes
published by the EPA.
The EPA took several more steps last month to reduce what it has described as a credit “glut,” the
agency explained in a document detailing the changes. The problem: The oversupply depressed
credit prices, encouraging plant owners to idle their pollution controls and use cheap credits for
compliance, according to the document.
In response to questions from
Reuters, the EPA said the credits for
closed plants had no effect on the
total number of credits given to all
U.S. plants or the nation’s overall coal
pollution. Overall pollution is capped,
the agency said, by “the total volume
of available allowances each ozone
season and other design
components.”
The EPA did not answer questions
about why it continues to grant
retired-facility allowances at all and
why it chose to shorten the time
frame.
The agency, however, said in disclosures explaining this year’s policy changes that the cheap-credit
glut contributed to a surge in emissions at coal plants that have advanced pollution controls between
2017 and 2020. Constellation Energy Corp (CEG.O), which generates electricity from renewable
sources and oil-fired power plants, blamed allocations to retired plants in a June 2022 letter to the
EPA: “Continuing to allocate allowances to a retired unit inappropriately saturates the allowance
market, deterring emissions reductions.”
The issue persisted last year, EPA data show, when a third of the 121 coal plants with the most
advanced pollution controls produced NOx above what the agency calls an optimal level.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 15
The EPA has long maintained that the retired-plant credits incentivize owners to close inefficient
facilities. But now, with abundant government and market incentives to produce renewable energy,
the extra credits will have minimal influence on shutdown decisions, the EPA said in its finalized
March rule.
Elena Krieger, who oversees scientific research at PSE Healthy Energy, a California-based policy
institute, was shocked when she learned about the retired-plant credits. She fears that trading of
these allowances enables active plants to boost NOx emissions, harming public health in nearby
and downwind communities.
“I was unaware of the practice and am somewhat horrified,” Krieger said.
DIRTY DEALS
In its 2021 deal, Hatfield’s Ferry traded more than 5,000 allowances to New Madrid’s owner, AECI,
according to EPA transaction data. The sale terms were not disclosed, but NOx allowances traded
at about $225 per ton at the time, according to S&P Global’s Market Intelligence.
That’s a bargain for coal plants with the most advanced pollution controls, which would otherwise
spend $900 to $1,600 to remove a ton of NOx with their equipment, according to EPA estimates.
New Madrid cut back its pollution controls and chuffed out NOx at a high rate during that period,
using credits to maintain compliance. During the 2021 ozone season, New Madrid’s pollution was
five times higher than average among coal plants participating in the NOx-reduction program, EPA
data show. Over the past five years, New Madrid has produced more NOx than any other U.S.
power plant.
AECI said advanced NOx-pollution controls such as selective catalytic reduction (SCR) can limit a
plant’s electricity production. The cooperative acknowledged it has taken New Madrid’s SCR offline
to boost output, which it argues improves grid stability.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 16
The New Madrid plant appears to be taking steps to reduce pollution. AECI agreed with Missouri
regulators in October 2022 to operate its SCR pollution controls at least 95% of the time during the
peak-ozone season, extending from May 1 to Sept. 30. The EPA is reviewing the agreement for
approval.
Still, AECI contends federal regulators are moving too fast in the renewable-energy transition. The
company told Reuters the hurried transition comes “at the expense of stable and reliable electricity”
with potentially “very serious consequences” during severe-weather power outages.
RED-STATE PROTESTS
Utilities and lawmakers in Republican-controlled states have pushed hard against curbs on coal
pollution, including the EPA’s latest NOx-reduction regulations.
“We remain concerned the rule will cause a large number of premature coal retirements that will
increase the risk of electricity shortages,” said Michelle Bloodworth, CEO of America’s Power, a
coal-industry trade group.
Ken Ivory, a Republican state lawmaker in Utah, told Reuters: “It really is just mind-numbing that
the biggest obstacle to reliable electricity in our state is our federal government.”
The EPA’s latest update to cross-state emissions regulations, dubbed the Good Neighbor rule, caps
the annual percentage of allowances that can be banked for future use in each state at 21%, another
measure aimed at gutting the pollution-credit glut.
That and other policy changes have sparked a massive increase in allowance prices, which are now
running at about $10,000 apiece, according to Roman Kramarchuk, head of future energy outlooks
at S&P Global Commodity Insights.
But even at that price, NOx allowances will find buyers among coal plants, including those that
operate at high pollution rates. When natural gas and wholesale power prices spike, some plants
can still make money with allowance prices above $30,000, according to S&P.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 17
NewBase Energy News 24 April 2023 - Issue No. 1613 call on +971504822502, UAE
The Editor:” Khaled Al Awadi” Your partner in Energy Services
NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE.
For additional free subscriptions, please email us.
About: Khaled Malallah Al Awadi,
Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME member since 1995
Hawk Energy member 2010
www.linkedin.com/in/khaled-al-awadi-38b995b
Mobile: +971504822502
khdmohd@hawkenergy.net or khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas
sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S.
Universities. Currently working as self leading external Energy consultant for the
GCC area via many leading Energy Services companies. Khaled is the Founder of
the NewBase Energy news articles issues, Khaled is an international consultant,
advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks,
waste management, waste-to-energy, renewable energy, environment protection
and sustainable development. His geographical areas of focus include Middle East,
Africa and Asia. Khaled has successfully accomplished a wide range of projects in
the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas
compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering &
regulating stations and in the engineering of gas/oil supply routes.
Has drafted & finalized many contracts/agreements in products sale, transportation, operation &
maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities.
Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has
participated in numerous conferences and workshops as chairman, session chair, keynote speaker and
panelist.
Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over
1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable
energy, waste management, plant Automation IA and environmental sustainability in different parts of the
world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program
broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see
contact details above.
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 18
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 19
Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed,
or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this
publication. However, no warranty is given to the accuracy of its content. Page 20

More Related Content

Similar to NewBase 24 April-2023 Energy News issue - 1613 by Khaled Al Awadi.pdf

NewBase 609 special 21 May 2015
NewBase 609 special 21 May 2015NewBase 609 special 21 May 2015
NewBase 609 special 21 May 2015
Khaled Al Awadi
 

Similar to NewBase 24 April-2023 Energy News issue - 1613 by Khaled Al Awadi.pdf (20)

New base energy news 31 may 2020 issue no. 1343 senior editor eng. khaled ...
New base energy news 31 may  2020   issue no. 1343 senior editor eng. khaled ...New base energy news 31 may  2020   issue no. 1343 senior editor eng. khaled ...
New base energy news 31 may 2020 issue no. 1343 senior editor eng. khaled ...
 
NewBase 609 special 21 May 2015
NewBase 609 special 21 May 2015NewBase 609 special 21 May 2015
NewBase 609 special 21 May 2015
 
New base energy news 21 may 2020 issue no. 1340 senior editor eng. khaled ...
New base energy news 21 may  2020   issue no. 1340 senior editor eng. khaled ...New base energy news 21 may  2020   issue no. 1340 senior editor eng. khaled ...
New base energy news 21 may 2020 issue no. 1340 senior editor eng. khaled ...
 
New base 10 february 2020 energy news issue 1317 by khaled al awadi
New base 10 february 2020 energy news issue   1317  by khaled al awadiNew base 10 february 2020 energy news issue   1317  by khaled al awadi
New base 10 february 2020 energy news issue 1317 by khaled al awadi
 
New base energy news 23 august 2020 - issue no. 1366, senior editor eng. k...
New base energy news 23 august   2020 - issue no. 1366,  senior editor eng. k...New base energy news 23 august   2020 - issue no. 1366,  senior editor eng. k...
New base energy news 23 august 2020 - issue no. 1366, senior editor eng. k...
 
New base 1060 special 09 august 2017 energy news
New base 1060 special 09 august 2017 energy newsNew base 1060 special 09 august 2017 energy news
New base 1060 special 09 august 2017 energy news
 
NewBase 03 July-2023 Energy News issue - 1635 by Khaled Al Awadi.pdf
NewBase 03 July-2023  Energy News issue - 1635 by Khaled Al Awadi.pdfNewBase 03 July-2023  Energy News issue - 1635 by Khaled Al Awadi.pdf
NewBase 03 July-2023 Energy News issue - 1635 by Khaled Al Awadi.pdf
 
NewBase 20 July-2023 Energy News issue - 1640 by Khaled Al Awadi_compressed.pdf
NewBase 20 July-2023  Energy News issue - 1640 by Khaled Al Awadi_compressed.pdfNewBase 20 July-2023  Energy News issue - 1640 by Khaled Al Awadi_compressed.pdf
NewBase 20 July-2023 Energy News issue - 1640 by Khaled Al Awadi_compressed.pdf
 
NewBase April 18-2022 Energy News issue - 1505 by Khaled Al Awadi.pdf
NewBase April 18-2022  Energy News issue - 1505  by Khaled Al Awadi.pdfNewBase April 18-2022  Energy News issue - 1505  by Khaled Al Awadi.pdf
NewBase April 18-2022 Energy News issue - 1505 by Khaled Al Awadi.pdf
 
New base energy news 11 may 2020 issue no. 1337 senior editor eng. khale...
New base energy news  11 may  2020   issue no. 1337  senior editor eng. khale...New base energy news  11 may  2020   issue no. 1337  senior editor eng. khale...
New base energy news 11 may 2020 issue no. 1337 senior editor eng. khale...
 
New base january 25 2022 energy news issue - 1481 by khaled al awadi (autor...
New base january 25 2022  energy news issue - 1481  by khaled al awadi (autor...New base january 25 2022  energy news issue - 1481  by khaled al awadi (autor...
New base january 25 2022 energy news issue - 1481 by khaled al awadi (autor...
 
New base 1040 special 08 june 2017 energy news
New base 1040 special 08 june 2017 energy newsNew base 1040 special 08 june 2017 energy news
New base 1040 special 08 june 2017 energy news
 
New base 05 december 2021 energy news issue 1473 by khaled al awadi
New base  05 december  2021 energy news issue   1473  by khaled al awadiNew base  05 december  2021 energy news issue   1473  by khaled al awadi
New base 05 december 2021 energy news issue 1473 by khaled al awadi
 
New base energy news 30 april 2020 issue no. 1333 senior editor eng. khale...
New base energy news  30 april 2020   issue no. 1333 senior editor eng. khale...New base energy news  30 april 2020   issue no. 1333 senior editor eng. khale...
New base energy news 30 april 2020 issue no. 1333 senior editor eng. khale...
 
NewBase September 10-2022 Energy News issue - 1546 by Khaled Al Awadi (Auto...
NewBase September 10-2022  Energy News issue - 1546  by Khaled Al Awadi (Auto...NewBase September 10-2022  Energy News issue - 1546  by Khaled Al Awadi (Auto...
NewBase September 10-2022 Energy News issue - 1546 by Khaled Al Awadi (Auto...
 
NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compres...
NewBase  27 October 2023  Energy News issue - 1668 by Khaled Al Awadi_compres...NewBase  27 October 2023  Energy News issue - 1668 by Khaled Al Awadi_compres...
NewBase 27 October 2023 Energy News issue - 1668 by Khaled Al Awadi_compres...
 
NewBase June 20 -2022 Energy News issue - 1524 by Khaled Al Awadi 2.pdf
NewBase June 20 -2022  Energy News issue - 1524  by Khaled Al Awadi 2.pdfNewBase June 20 -2022  Energy News issue - 1524  by Khaled Al Awadi 2.pdf
NewBase June 20 -2022 Energy News issue - 1524 by Khaled Al Awadi 2.pdf
 
New base 15 december 2021 energy news issue 1474 by khaled al awadi
New base  15 december  2021 energy news issue   1474  by khaled al awadiNew base  15 december  2021 energy news issue   1474  by khaled al awadi
New base 15 december 2021 energy news issue 1474 by khaled al awadi
 
Contact Solar
Contact SolarContact Solar
Contact Solar
 
New base 25 november 2021 energy news issue 1471 by khaled al awadi
New base  25 november  2021 energy news issue   1471  by khaled al awadiNew base  25 november  2021 energy news issue   1471  by khaled al awadi
New base 25 november 2021 energy news issue 1471 by khaled al awadi
 

More from Khaled Al Awadi

NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
Khaled Al Awadi
 
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
Khaled Al Awadi
 
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
Khaled Al Awadi
 

More from Khaled Al Awadi (20)

NewBase 06 May 2024 Energy News issue - 1722 by Khaled Al Awadi_compresse...
NewBase   06 May  2024  Energy News issue - 1722 by Khaled Al Awadi_compresse...NewBase   06 May  2024  Energy News issue - 1722 by Khaled Al Awadi_compresse...
NewBase 06 May 2024 Energy News issue - 1722 by Khaled Al Awadi_compresse...
 
NewBase 02 May 2024 Energy News issue - 1721 by Khaled Al Awadi.pdf
NewBase   02 May  2024  Energy News issue - 1721 by Khaled Al Awadi.pdfNewBase   02 May  2024  Energy News issue - 1721 by Khaled Al Awadi.pdf
NewBase 02 May 2024 Energy News issue - 1721 by Khaled Al Awadi.pdf
 
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...NewBase  29 April  2024  Energy News issue - 1720 by Khaled Al Awadi_compress...
NewBase 29 April 2024 Energy News issue - 1720 by Khaled Al Awadi_compress...
 
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...NewBase  25 April  2024  Energy News issue - 1719 by Khaled Al Awadi_compress...
NewBase 25 April 2024 Energy News issue - 1719 by Khaled Al Awadi_compress...
 
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
 
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdfNewBase  19 April  2024  Energy News issue - 1717 by Khaled Al Awadi.pdf
NewBase 19 April 2024 Energy News issue - 1717 by Khaled Al Awadi.pdf
 
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdfNewBase  15 April  2024  Energy News issue - 1716 by Khaled Al Awadi.pdf
NewBase 15 April 2024 Energy News issue - 1716 by Khaled Al Awadi.pdf
 
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf12 April  2024  Energy News issue - 1715 by Khaled Al Awadi.pdf
12 April 2024 Energy News issue - 1715 by Khaled Al Awadi.pdf
 
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf08 April  2024  Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
08 April 2024 Energy News issue - 1714 by Khaled Al Awadi_compressed.pdf
 
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...NewBase  04 April  2024  Energy News issue - 1713 by Khaled Al Awadi_compress...
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...
 
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdfNewBase  01 April  2024  Energy News issue - 1712 by Khaled Al Awadi.pdf
NewBase 01 April 2024 Energy News issue - 1712 by Khaled Al Awadi.pdf
 
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdfNewBase  28 March  2024  Energy News issue - 1711 by Khaled Al Awadi.pdf
NewBase 28 March 2024 Energy News issue - 1711 by Khaled Al Awadi.pdf
 
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...NewBase  25 March  2024  Energy News issue - 1710 by Khaled Al Awadi_compress...
NewBase 25 March 2024 Energy News issue - 1710 by Khaled Al Awadi_compress...
 
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...NewBase  22 March  2024  Energy News issue - 1709 by Khaled Al Awadi_compress...
NewBase 22 March 2024 Energy News issue - 1709 by Khaled Al Awadi_compress...
 
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...NewBase  14 March  2024  Energy News issue - 1707 by Khaled Al Awadi_compress...
NewBase 14 March 2024 Energy News issue - 1707 by Khaled Al Awadi_compress...
 
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...NewBase  11 March  2024  Energy News issue - 1706 by Khaled Al Awadi_compress...
NewBase 11 March 2024 Energy News issue - 1706 by Khaled Al Awadi_compress...
 
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...NewBase  07 March  2024  Energy News issue - 1705 by Khaled Al Awadi_compress...
NewBase 07 March 2024 Energy News issue - 1705 by Khaled Al Awadi_compress...
 
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...NewBase  04 March  2024  Energy News issue - 1704 by Khaled Al Awadi_compress...
NewBase 04 March 2024 Energy News issue - 1704 by Khaled Al Awadi_compress...
 
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...NewBase  29 January 2024  Energy News issue - 1703 by Khaled Al Awadi_compres...
NewBase 29 January 2024 Energy News issue - 1703 by Khaled Al Awadi_compres...
 
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...NewBase  26 January 2024  Energy News issue - 1702 by Khaled Al Awadi_compres...
NewBase 26 January 2024 Energy News issue - 1702 by Khaled Al Awadi_compres...
 

Recently uploaded

Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
dlhescort
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Dipal Arora
 
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Sheetaleventcompany
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
Renandantas16
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
Abortion pills in Kuwait Cytotec pills in Kuwait
 
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
dlhescort
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
amitlee9823
 
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
dollysharma2066
 

Recently uploaded (20)

Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
Call Girls in Delhi, Escort Service Available 24x7 in Delhi 959961-/-3876
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRLBAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
BAGALUR CALL GIRL IN 98274*61493 ❤CALL GIRLS IN ESCORT SERVICE❤CALL GIRL
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
Chandigarh Escorts Service 📞8868886958📞 Just📲 Call Nihal Chandigarh Call Girl...
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 98765-12871 Top Class Call Girl Service Available
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service NoidaCall Girls In Noida 959961⊹3876 Independent Escort Service Noida
Call Girls In Noida 959961⊹3876 Independent Escort Service Noida
 
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
 
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Majnu Ka Tilla, Delhi Contact Us 8377877756
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
RSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors DataRSA Conference Exhibitor List 2024 - Exhibitors Data
RSA Conference Exhibitor List 2024 - Exhibitors Data
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 

NewBase 24 April-2023 Energy News issue - 1613 by Khaled Al Awadi.pdf

  • 1. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 1 NewBase Energy News 24 April 2023 No. 1613 Senior Editor Eng. Khaed Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Saudia dispatched First accredited low-carbon ammonia shipment to Japan Staff Writer, Saudi Press Agency A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation. It represents another milestone in the development of this lower-carbon energy solution. The shipment is the result of a successful multiparty collaboration across the low-carbon ammonia value chain. The ammonia was produced by SABIC Agri-Nutrients (“SABIC AN”) with feedstock from Aramco, and sold by Aramco Trading Company to the Fuji Oil Company (“FOC”). Mitsui O.S.K. Lines (“MOL”) was tasked with shipping the liquid to Japan, then the low-carbon ammonia was transported to the Sodegaura Refinery for use in co-fired power generation, with technical support provided by Japan Oil Engineering Co (“JOE”). The ammonia is categorized as low-carbon because CO2 from the associated manufacturing process was captured and utilized in downstream applications. Japan’s Ministry of Economy, Trade and Industry has announced plans to increasingly harness ammonia as a fuel for power generation and for ship propulsion, as part of the country’s 2050 decarbonization goals. The low-carbon ammonia that reached Japan is part of broader efforts by Aramco and SABIC AN to establish a global supply network for this lower-carbon fuel. Aramco and SABIC AN aim to supply low-carbon ammonia to other players to meet their early demand needs. ww.linkedin.com/in/khaled-al-awadi-80201019/
  • 2. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 2 Olivier Thorel, Aramco Senior Vice President of Chemicals, said: “This is another milestone that highlights the possibilities for low-carbon hydrogen and ammonia made from Aramco feedstock, with the potential to play a role in a lower-carbon future. Not only is low-carbon ammonia a means to transport lower-carbon hydrogen, it is an important energy source in its own right that can help decarbonize key sectors – including power generation for both utilities and industries. By dispatching this accredited low-carbon ammonia to Japan, we are helping chart a course for the development of this vital commodity.” Abdulrahman Shamsaddin, SABIC AN CEO, said: “Our aim is to capitalize on this important milestone to grow and expand our positive contribution toward carbon neutrality. SABIC Agri- Nutrients made a public commitment not only to become carbon neutral by 2050 but also to collaborate with customers to help them achieve their net-zero emission targets. Customers in the energy, fertilizer and chemical sectors are looking for suppliers of lower-carbon hydrogen and ammonia. And we can meet their demand by leveraging our long-standing strengths across the value chain.” Shigeto Yamamoto, FOC Representative Director, President, said: “As Japan aims to achieve carbon neutrality by 2050, low-carbon ammonia is expected to be a next-generation fuel that can contribute to the reduction of CO2 emissions. In order to reduce CO2 emissions from our own operations, we have been working on co-firing ammonia, which is a by-product of the petroleum refining process, in the boiler at our Sodegaura Refinery, and we plan to burn low-carbon ammonia imported this time with the cooperation of our partners in the same boiler. We will continue these efforts to contribute to the construction of the ammonia supply chain.” Mohammed Al-Mulhim, Aramco Trading Company CEO, said: “This landmark achievement is an example of excellent collaboration across businesses within Aramco, SABIC, Aramco Trading and our Japanese partners, and indeed a major boost for our sustainability efforts.” Toshiaki Tanaka, MOL Representative Director, Executive Vice President Executive Officer, said: “Ammonia is expected to be in great demand as a next-generation, clean energy source. Japan aims to achieve a carbon-neutral society by 2050, and we are very pleased to transport independently-certified low-carbon ammonia from Saudi Arabia to Japan. We are aiming for a track record of safe, reliable services across multiple transportation modes, in accordance with our customers’ needs. By combining accumulated knowledge and proactively participating in a broad range of value chains, we hope to contribute to the decarbonization of society.” In 2020, Aramco collaborated with SABIC to dispatch the world’s first shipment of low-carbon ammonia to Japan in a demonstration project. Then, in 2022, Aramco and SABIC AN received the world’s first independent accreditation for low-carbon hydrogen and ammonia products. By the end of that year, the two companies had delivered the world’s first accredited low-carbon ammonia shipment to South Korea. The latest shipment to Japan brings this lower-carbon energy solution one step closer to the mainstream.
  • 3. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 3 Oman pivots to Concentrated Solar Power with new project in Duqm as part of renewable energy push .. by Utilities Middle East Oman is moving towards renewables-based electricity generation with a new Concentrated Solar Power (CSP) project in Duqm. Oman Power and Water Procurement Company (OPWP) is exploring a mixed portfolio of renewable resources and technologies to meet Oman’s target for 35 – 39% of national electricity supply coming from renewables by 2040. CSP technology complements solar photovoltaic (PV) technology, which is already in use at Oman’s first large-scale grid-connected 500 MWp solar power plant in operation at Ibri. However, CSP technology uses mirrors arrayed in concentric circles to reflect solar radiation onto a centrally located thermal receiver. The heat is then captured and stored by a fluid to power a turbine and generate electricity. The CSP project at Duqm also includes thermal storage within its scope to ensure a degree of stabilized electricity supply from the plant. Once deemed viable, OPWP plans to include the CSP project in its procurement strategy. A feasibility study into the project – originally envisaged with a capacity of around 600 MW, was earlier slated to be completed in 2022. OPWP’s procurement strategy envisions the procurement of new solar and wind based Independent Power Projects on an annual basis over the next several years through 2028. CSP technology complements solar photovoltaic (PV) technology, which is already in use at Oman’s first large- scale grid-connected 500 MWp solar power plant in operation at Ibri
  • 4. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 4 The strategy includes three solar PV projects, five wind IPPs, and one Waste-to-Energy project. Additionally, a new solar IPP within the Main Interconnected System (MIS) is being prepped for launch in 2027, Ras Madrakah Wind IPP (Al Wusta Governorate) in 2027, and Sadah Wind IPP (Dhofar Governorate) in 2028. OPWP is focused solely on renewable energy projects over this timeframe and has no plans to procure new gas-based thermal capacity. However, any supply shortfalls will be met through short-term capacity pacts or energy imports via interconnections with neighbouring power systems, or other local operators with surplus capacity on their hands. The shift towards renewables-based sources is a significant step for Oman in achieving its targets for the decarbonisation of the power generation sector. The addition of the CSP project at Duqm will increase the country’s capacity for renewable energy and provide a more stable supply of electricity to meet the growing demand for energy.
  • 5. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 5 Yemen: Boskalis to remove oil from FSO Safer moored off Yemen Source: Boskalis Boskalis through its subsidiary SMIT Salvage has reached an agreement with the United Nations Development Programme (UNDP) for the oil removal from the FSO Safer moored off Yemen’s Red Sea coast. This project is a part of the UN-coordinated operation to remove and transfer more than one million barrels of oil from a decaying tanker into a safe modern tanker and the responsible disposal of the Safer. Peter Berdowski, CEO Boskalis, 'We have been assisting the UN in their endeavors to avert a potential massive environmental and humanitarian disaster off the coast of Yemen since 2021. We are extremely delighted that these efforts and the perseverance of the UN to raise the necessary funds has brought us to this agreement. Following a long planning period, our salvage experts are keen to get to work and to remove the oil from the Safer. The Boskalis vessel Ndeavor will depart tomorrow from the port of Rotterdam stocked with all the necessary salvage equipment and I wish the crew all the success in this important mission.' Liesje Schreinemacher, Dutch Minister for Foreign Trade and Development Cooperation: 'An enormous oil disaster is looming, which could have serious humanitarian, environmental and economic implications. But we now have a chance to prevent that disaster. The Netherlands has worked hard to mobilize funds for the operation and now a major new step has been taken. It’s good that Dutch firm Boskalis is taking on a key role in the response. The Netherlands will continue helping the UN to bring this to a good end.' 'The agreement today between UNDP and Boskalis subsidiary SMIT Salvage, to deploy a team of leading experts aboard the Ndeavour marks another critical milestone of the ‘Stop Red Sea Spill’ operation to transfer oil from the decaying FSO Safer to a safe temporary vessel,' said Achim Steiner, UNDP Administrator. 'We look forward to be working with Boskalis and other leading
  • 6. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 6 experts to prevent a humanitarian, environmental and economic disaster. We also appeal to leaders from governments and corporations to step forward and help us raise the remaining $29 million required to complete this complex rescue operation.' The project scope for Boskalis consists of a number of phases. The Boskalis multipurpose support vessel Ndeavor has been prepared in the Netherlands and will sail to Djibouti over the coming three weeks. The salvage crew will make the final preparations in Djibouti before departing for the Safer located off the coast of Yemen. The initial onsite phase will focus on a thorough inspection of the vessel, its cargo and creating a safe working environment. Once the vessel and its cargo tanks are declared safe, a UN purchased Very Large Crude Carrier (VLCC) will come alongside at which point the ship-to-ship oil pumping operation can commence. The tanks of the Safer will subsequently be cleaned and the residual water will also be transferred into the VLCC. The entire onsite operation is expected to be completed within two months. Once the Safer is declared clean and empty, it will be prepared for towing to a green scrapping yard under the responsibility of the UN. About the FSO Safer The Safer is a Floating Storage and Offloading (FSO) facility moored approximately 9 kilometers off the Red Sea coast of Yemen and 50 kilometres northeast of the port of Hodeida. Constructed in 1976 as an oil tanker and converted in 1987 to be a floating storage facility, the Safer is single- hulled and is believed to contain an estimated 1.14 million barrels of light crude oil. The FSO has not been maintained since 2015 because of the conflict in Yemen, and it has decayed to the point where there is a risk it could explode or break apart, which would have disastrous environmental and humanitarian effects on the region.
  • 7. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 7 US Inflation Reduction Act 'to spur $3 trillion investment in renewable energy tech', The National - John Benny + NewBase The US Inflation Reduction Act (IRA) will spur about $3 trillion of investment in renewable energy technology, according to Goldman Sachs. It could double th e amount of energy produced by the US shale revolution more than a decade ago, the investment bank said in a report. “Shale remains a valuable asset, but in our view, the US can no longer rely on it to carry this key cost competitive advantage into the next decade: it needs another energy revolution to maintain its energy cost leadership,” said Michele Della Vigna, Goldman Sachs' head of natural resources research. The IRA, enacted last year, offers a series of tax incentives on wind, solar, hydropower and other renewables, as well as a push towards electric vehicle ownership. The law will usher in the “next energy revolution” and is expected to provide $1.2 trillion of incentives by 2032, Goldman Sachs said. By 2032, there will be a total investment opportunity of $2.9 trillion available for the “re-invention” of the American energy system, which equates to an average annual investment of $290 billion, it added. The IRA could stimulate $11 trillion of total infrastructure investments by 2050, the bank said.
  • 8. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 8 It “biggest” impact is likely to be in the transportation sector, mainly through modified tax credits for new electric and clean commercial vehicles, which will lead to reduced costs for cleaner alternatives, Goldman Sachs said. However, government spending under the IRA will depend on the number of companies that will move their operations back to the US, the report said. “They are weighing the benefits of tax credits against the potential increased manufacturing costs compared to the current locations of these components.” Another big uncertainty is the share of EVs that will qualify for tax incentives, Goldman Sachs said. Investing in clean power is set to be key as electricity generation was responsible for nearly a third of US carbon emissions in 2021. The country’s power demand is expected to increase 2.5 times by 2050, compared with 2021, requiring a renewable power investment of $6.6 trillion, according to Goldman Sachs. This includes building renewable energy plants, upgrading power grids and expanding energy storage at utility- scale. Renewable energy sources will grow by about 9 per cent annually through to 2050, representing 44 per cent of total generation capacity by 2030 and 80 per cent by 2050, the investment bank estimated. Meanwhile, US hydrocarbon energy will “gradually decline”, depending on the pace of energy transition and the carbon content of each fuel, Goldman Sachs said. “Natural gas will likely diminish after 2030, but consumption is expected to be more resilient than oil and gas.” Driven by rising liquefied natural gas capacity, US natural gas exports will nearly double to 20 billion cubic feet a day by 2030 from 11 billion cubic feet a day currently as domestic consumption falls, the report said.
  • 9. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 9 As the EV market share increases, oil demand for transportation will decline significantly after 2030, said Goldman Sachs, which expects EVs to make up 75 per cent of the market by 2040. “One EV replacing one internal-combustion engine car in the total fleet reduces, on average, oil consumption by 11 barrels per annum.” Electrification and the clean energy push will increase demand for natural resources such as aluminium, copper, lithium and nickel, needed for the power network, charging infrastructure, EVs, and battery manufacturing. “For battery metals such as lithium, nickel and cobalt, we expect demand growth by several folds,” said Mr Della Vigna. “The demand profiles for nickel, cobalt and lithium will, to a major extent, depend on the mix of EV battery types adopted.”
  • 10. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 10 NewBase April 24 -2023 Khaled Al Awadi NewBase for discussion or further details on the news below you may contact us on +971504822502, Dubai, UAE Oil prices fall 1% on uncertainty over global outlook, rate hikes Reuters + NewBase Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 88 cents, or 1.08%, to $80.78 a barrel by 0835 GMT, while U.S. West Texas Intermediate crude was at $77.06 a barrel, also down 81 cents, or 1.04% lower. Both contracts fell more than 5% last week, their first weekly drop in five, as U.S. implied gasoline demand fell from a year ago, fuelling worries of a recession at the world's top oil consumer. Weak U.S. economic data and disappointing corporate earnings from the tech sector sparked growth concerns and risk aversion among investors, CMC Markets analyst Tina Teng said. The stabilising U.S. dollar and climbing bond yields are also adding pressure on commodity markets, she added. Oil price special coverage
  • 11. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 11 Central banks from the United States to Britain and Europe are all expected to raise interest rates when they meet in the first week of May, seeking to tackle stubbornly high inflation. China's bumpy economic recovery from COVID-19 also clouded its oil demand outlook, although Chinese customs data showed on Friday that the world's top crude importer brought in record volumes in March. China's imports from top suppliers Russia and Saudi Arabia topped 2 million barrels per day (bpd) each. Still, refining margins in Asia have weakened on record production from top refiners China and India, curbing the region's appetite for Middle East supplies loading in June. Nevertheless, analysts and traders remained bullish about China's fuel demand recovery towards the second half of 2023 and as additional supply cuts planned by OPEC+ - the Organization of the Petroleum Exporting Countries and allied producers including Russia - from May could tighten markets. "Planned output cuts by the OPEC+ alliance and a strong demand outlook from China could provide a fillip to prices in the coming days, where Brent is likely to find key support around $79 a barrel, while for WTI crude support is aligned at $75 a barrel," Sugandha Sachdeva, an independent oil markets expert, said. In the United States, energy firms last week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes Co (BKR.O) said.
  • 12. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 12 NewBase Specual Coverage The Energy world –April -24-2023 CLEAN ENERGY How the Clean Air Act lets closed coal plants keep polluting for years Reuters - Tim Mclaughlin Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper, cleaner natural gas and incentives in the U.S. Clean Air Act. But the facility’s legacy of smog pollution continued long after it closed. That’s because a loophole in clean-air regulations allowed Hatfield’s Ferry to collect emissions allowances under a cap-and-trade program for five years after it shut down. The plant’s owner then sold those credits to other plants, which can use them to stay in compliance when they exceed their own regulatory budget of allowances. Among the beneficiaries: the biggest emitter of smog-causing gas in America’s power sector. Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant Under the federal program, states distribute a certain number of allowances to power plants annually. Each one permits one ton of nitrogen oxide (NOx) emissions. NOx contributes to smog, which causes respiratory problems and premature death.
  • 13. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 13 If a plant doesn’t use all of its allowances, it can sell them to other plants. The credits are valuable because they can provide plants a cheaper alternative to buying and operating hugely expensive pollution-control equipment. The provision grants closing plants a credit windfall: They can sell all of their allowances because they are no longer generating smog themselves. A Reuters review of federal data shows the owner of Hatfield’s Ferry, FirstEnergy Corp (FE.N), sold most of the credits it received after closing the plant or transferred them to other FirstEnergy-owned facilities. One batch, worth an estimated $1.2 million, helped Missouri’s New Madrid Power Plant in 2021 comply with emission regulations while generating the most smog-producing NOx in the nation. Reuters found dozens of other examples of coal plants using credits from closed facilities to help comply with pollution rules over the past five years. FirstEnergy Corp (FE.N) declined to comment. As the climate-change fight intensifies, governments worldwide have struggled to phase-out coal, among the dirtiest fossil fuels, without harming reliability and affordability of electricity. That issue and other environmental challenges are getting heightened attention today, April 22, on International Earth Day. The issue highlights an unintended consequence of the U.S. EPA’s latest revision of the Cross- State Pollution Rule (CSAPR), first enacted in 2011 as a provision of the Clean Air Act. The measure is aimed at cutting air pollution from upwind states that harms air quality in downwind states. The Environmental Protection Agency (EPA) last month moved to reduce the impact of closed-plant allowances by reducing the number of years a retired facility can collect them from five to two. But
  • 14. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 14 the previous policy had already injected the market with a huge volume of credits that will take years to work their way through the system: Between 2017 and 2020, for instance, the ratio of allowances available to comply with NOx-pollution regulations during the peak ozone season surged. In 2020, there were 2.5 allowances available for every ton of NOx pollution emitted by plants in the cap-and-trade program, compared to 1.5 allowances per ton in 2017, EPA disclosures show. Retired-plant allowances fueled the liquidity. In 2020, about 20% of the 585,000 allowances available to cover 232,000 tons of emissions were from power plants that had retired at least one coal-fired unit in the past decade, federal data show. The power sector lobbied last year to keep the closed-plant credits flowing, according to letters sent to the EPA by utilities and electric cooperatives. Associated Electric Cooperative Inc (AECI), the New Madrid plant’s owner, said in a statement that it was cheaper to buy allowances than run the facility’s pollution controls. “This is the EPA’s cap- and-trade allowance program working as designed,” AECI said. CREDIT ‘GLUT’ But the program wasn’t working as the EPA intended. In 2021, the agency reduced allowances for power plants in 12 states to curb an oversupply in the NOx-credit market, according to rule changes published by the EPA. The EPA took several more steps last month to reduce what it has described as a credit “glut,” the agency explained in a document detailing the changes. The problem: The oversupply depressed credit prices, encouraging plant owners to idle their pollution controls and use cheap credits for compliance, according to the document. In response to questions from Reuters, the EPA said the credits for closed plants had no effect on the total number of credits given to all U.S. plants or the nation’s overall coal pollution. Overall pollution is capped, the agency said, by “the total volume of available allowances each ozone season and other design components.” The EPA did not answer questions about why it continues to grant retired-facility allowances at all and why it chose to shorten the time frame. The agency, however, said in disclosures explaining this year’s policy changes that the cheap-credit glut contributed to a surge in emissions at coal plants that have advanced pollution controls between 2017 and 2020. Constellation Energy Corp (CEG.O), which generates electricity from renewable sources and oil-fired power plants, blamed allocations to retired plants in a June 2022 letter to the EPA: “Continuing to allocate allowances to a retired unit inappropriately saturates the allowance market, deterring emissions reductions.” The issue persisted last year, EPA data show, when a third of the 121 coal plants with the most advanced pollution controls produced NOx above what the agency calls an optimal level.
  • 15. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 15 The EPA has long maintained that the retired-plant credits incentivize owners to close inefficient facilities. But now, with abundant government and market incentives to produce renewable energy, the extra credits will have minimal influence on shutdown decisions, the EPA said in its finalized March rule. Elena Krieger, who oversees scientific research at PSE Healthy Energy, a California-based policy institute, was shocked when she learned about the retired-plant credits. She fears that trading of these allowances enables active plants to boost NOx emissions, harming public health in nearby and downwind communities. “I was unaware of the practice and am somewhat horrified,” Krieger said. DIRTY DEALS In its 2021 deal, Hatfield’s Ferry traded more than 5,000 allowances to New Madrid’s owner, AECI, according to EPA transaction data. The sale terms were not disclosed, but NOx allowances traded at about $225 per ton at the time, according to S&P Global’s Market Intelligence. That’s a bargain for coal plants with the most advanced pollution controls, which would otherwise spend $900 to $1,600 to remove a ton of NOx with their equipment, according to EPA estimates. New Madrid cut back its pollution controls and chuffed out NOx at a high rate during that period, using credits to maintain compliance. During the 2021 ozone season, New Madrid’s pollution was five times higher than average among coal plants participating in the NOx-reduction program, EPA data show. Over the past five years, New Madrid has produced more NOx than any other U.S. power plant. AECI said advanced NOx-pollution controls such as selective catalytic reduction (SCR) can limit a plant’s electricity production. The cooperative acknowledged it has taken New Madrid’s SCR offline to boost output, which it argues improves grid stability.
  • 16. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 16 The New Madrid plant appears to be taking steps to reduce pollution. AECI agreed with Missouri regulators in October 2022 to operate its SCR pollution controls at least 95% of the time during the peak-ozone season, extending from May 1 to Sept. 30. The EPA is reviewing the agreement for approval. Still, AECI contends federal regulators are moving too fast in the renewable-energy transition. The company told Reuters the hurried transition comes “at the expense of stable and reliable electricity” with potentially “very serious consequences” during severe-weather power outages. RED-STATE PROTESTS Utilities and lawmakers in Republican-controlled states have pushed hard against curbs on coal pollution, including the EPA’s latest NOx-reduction regulations. “We remain concerned the rule will cause a large number of premature coal retirements that will increase the risk of electricity shortages,” said Michelle Bloodworth, CEO of America’s Power, a coal-industry trade group. Ken Ivory, a Republican state lawmaker in Utah, told Reuters: “It really is just mind-numbing that the biggest obstacle to reliable electricity in our state is our federal government.” The EPA’s latest update to cross-state emissions regulations, dubbed the Good Neighbor rule, caps the annual percentage of allowances that can be banked for future use in each state at 21%, another measure aimed at gutting the pollution-credit glut. That and other policy changes have sparked a massive increase in allowance prices, which are now running at about $10,000 apiece, according to Roman Kramarchuk, head of future energy outlooks at S&P Global Commodity Insights. But even at that price, NOx allowances will find buyers among coal plants, including those that operate at high pollution rates. When natural gas and wholesale power prices spike, some plants can still make money with allowance prices above $30,000, according to S&P.
  • 17. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 17 NewBase Energy News 24 April 2023 - Issue No. 1613 call on +971504822502, UAE The Editor:” Khaled Al Awadi” Your partner in Energy Services NewBase energy news is produced Twice a week and sponsored by Hawk Energy Service – Dubai, UAE. For additional free subscriptions, please email us. About: Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010 www.linkedin.com/in/khaled-al-awadi-38b995b Mobile: +971504822502 khdmohd@hawkenergy.net or khdmohd@hotmail.com Khaled Al Awadi is a UAE National with over 30 years of experience in the Oil & Gas sector. Has Mechanical Engineering BSc. & MSc. Degrees from leading U.S. Universities. Currently working as self leading external Energy consultant for the GCC area via many leading Energy Services companies. Khaled is the Founder of the NewBase Energy news articles issues, Khaled is an international consultant, advisor, ecopreneur and journalist with expertise in Gas & Oil pipeline Networks, waste management, waste-to-energy, renewable energy, environment protection and sustainable development. His geographical areas of focus include Middle East, Africa and Asia. Khaled has successfully accomplished a wide range of projects in the areas of Gas & Oil with extensive works on Gas Pipeline Network Facilities & gas compressor stations. Executed projects in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of gas/oil supply routes. Has drafted & finalized many contracts/agreements in products sale, transportation, operation & maintenance agreements. Along with many MOUs & JVs for organizations & governments authorities. Currently dealing for biomass energy, biogas, waste-to-energy, recycling and waste management. He has participated in numerous conferences and workshops as chairman, session chair, keynote speaker and panelist. Khaled is the Editor-in-Chief of NewBase Energy News and is a professional environmental writer with over 1400 popular articles to his credit. He is proactively engaged in creating mass awareness on renewable energy, waste management, plant Automation IA and environmental sustainability in different parts of the world. Khaled has become a reference for many of the Oil & Gas Conferences and for many Energy program broadcasted internationally, via GCC leading satellite Channels. Khaled can be reached at any time, see contact details above.
  • 18. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 18
  • 19. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 19
  • 20. Copyright © 2022 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavors have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its content. Page 20