Cement News tagged under: energy

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Oil higher on positive demand forecasts and geopolitical risk while coal and petcoke lower

19 July 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Political risk and central banks were key in energy developments in the June-start of July period. The European Central Bank (ECB) and US Federal Reserve (Fed) both restated that interest rate cuts depend on the inflation rate nearing two per cent. The ECB hinted at two more rate cuts and the FED at possibly one. The centre-left election results in the UK and France, along with the European Parliament election results, calmed the market aft...

ECB lowers interest rate while reduced OPEC+ production cuts send oil lower – China discusses ban on >3% sulphur petcoke

26 June 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitical risk premiums slowly vanished and need new events to return. Meanwhile, at the start of June, the focus turned towards OPEC and the central banks. The European Central Bank (ECB) delivered its first cut of 0.25 per cent since 2019, giving equities a boost. However, the US Federal Reserve is still seen on hold until at least September. And further cuts from ECB are expected to be ~0.5 per cent more but fully depend on inflation...

Advancing carbon neutrality through enhanced WHR

24 June 2024, Published under Cement News

In addition to reducing power costs, waste heat recovery (WHR) systems can help cement plants to achieve their goal of carbon-neutral cement production. By Exergy, Italy Exergy’s organic Rankine Cycle waste heat recovery installation in Cementi Giovanni Rossi’s cement plant in Pederobba, Italy (© Exergy) I n 2015 the Paris Agreement established a global imperative to mitigate climate change, setting a target of limiting global warming to 1.5°C. Central to achieving this g...

Khayah Cement highlights energy challenges

20 June 2024, Published under Cement News

Khayah Cement has said high energy costs along with cheap imports are threatening Zimbabwe’s cement producers, reports AllAfrica. According to the company, although power supply has remained relatively stable, power voltage fluctuations continue to affect the smooth running of its cement plant. “The high power costs compared to neighbouring Zambia continue to pose a significant challenge,” said Arnold Chikazhe, company secretary, Khayah Cement. According to Mr Chikazhe, c heaper cement...

BluPine Energy to supply Dalmia Cement (Bharat)

17 June 2024, Published under Cement News

Dalmia Cement (Bharat) Ltd has signed an agreement with BluPine Energy for the supply of green energy through a solar power project in Karnataka, India. The agreement involves a 46.87MWp solar power plant under a captive structure, which is expected to generate approximately 93.75MUs of electricity each year, reducing carbon emissions by more than 85,000tpa.  “The solar plant in Karnataka will not only produce clean energy but also foster local economic growth and support environmental ...

Petcoke discount continues to offer good potential

03 June 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal prices stabilised after their fall in early May as geopolitical developments as well as higher oil and gas prices played their part. The petcoke FOB price trended lower on weak demand and ample supply, testing the low 60s. On FOB and ARA basis, the petcoke discount remains in the cheap zone and offers good potential. On 20 May 2024 the discount for 6.5 per cent sulphur petcoke FOB sold at US$62.50 is 55 per cent when compared with API...

Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive

20 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand factor in the energy complex. Oil has retraced together with coal and gas. IMF has adjusted up the expected global GDP growth to 3.2 per cent, but both the US Federal Reserve (Fed) and European Central Bank (ECB) have repeated the mantra “higher for longer” due to developing inflation of above two per cent, especially...

Saint-Gobain signs Romanian energy deal

06 May 2024, Published under Cement News

Saint-Gobain has signed a five-year renewable electricity supply agreement (power purchase agreement or PPA) in Romania with energy supplier OMV PETROM SA. The contract covers the purchase of green electricity from wind and photovoltaic sources provided by OMV PETROM SA and will start in January 2026.  OMV PETROM SA will provide around 800GWh of green electricity for a period of five years. This contract, combined with a photovoltaic park currently in the final stage of development at ...

Petcoke discount remains in cheap zone with good potential

03 May 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from last month’s price but is trapped in the high US$60s. Discounts increased and petcoke increased from lows at US$62. On FOB and ARA bases, the petcoke discount remains in the cheap zone and offers good potential. The discount on ARA rose to cheap petcoke on increasing API2 and falling petcoke with freight USGC ARA ...

Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase

26 April 2024, Published under Cement News

By Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics once again dominated the energy complex. Fear of the Gaza conflict spreading towards Lebanon and Iran added a risk premium to oil, driving it above US$90. The US Federal Reserve and the European Central Bank have both claimed that interest rates will not come down before inflation clearly shows movement towards the two per cent benchmark. In combination with high employment and GDP figures, this has lowered prospects for lower i...