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‘Green’ ammonia prices double that of regular supplies, according to Argus

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LONDON, June 24, 2021 /PRNewswire/ — Green ammonia is increasingly heralded as a carbon-free energy source of the future that can replace carbon dioxide (CO2)-emitting fuels and help drive “energy transition”.

The difficulties of the road ahead are highlighted, however, by a new price series launched by global commodity market specialists Argus. The series shows green ammonia costs are more than twice that of conventional carbon-intensive ammonia supplies. How then can green ammonia hope to displace fossil fuel-derived “grey” ammonia?

Energy companies and energy consumers are interested in ammonia because it is one of the most stable ways to transport hydrogen, and hydrogen is — in theory — the cleanest fuel in the universe. Burning it produces only water as a by-product.

Regular so-called “grey ammonia”, however, is primarily produced from natural gas, and the process emits CO2, negating the idea of using the resulting product for low-carbon energy. As a result, grey ammonia is 80pc used as fertilizer, with the balance consumed in various industrial processes.

Green ammonia, on the other hand, is created by electrolysis, passing renewable electricity through water, so its carbon footprint is essentially zero. The energy stored can be extracted by direct combustion or through fuel cell technology, which reverses the electrolysis process to generate electricity.

Argus has modelled a weekly price for green ammonia delivered to northwest Europe based on a theoretical “typical” production plant in the Middle East. This model currently yields a notional value of $1,196/t — more than twice the price of the conventional grey alternative. When compared with conventional fuels, in areas where green ammonia is seen as a promising substitute, the contrast is even more dramatic. Green ammonia is, for example, nearly four times the cost of fossil fuel-based marine shipping fuels, compared on an energy content, or British thermal units (Btu) basis.

But despite the apparently unattractive economics, a new strategy report from Argus claims that green ammonia will go on to play a key role in the transition away from fossil fuels. Argus VP, Sustainable Fertilizers, Oliver Hatfield, says: “We expect a significant reduction in the costs of producing green ammonia as process technology develops and projects increase in scale and number, similar to the trajectory for renewable power generation fuels such as wind and solar, where costs have fallen by 80pc over the past 10 years.” He added: “Meanwhile, a combination of incentives and regulation will be needed to ensure that green ammonia can thrive and play its vital part in the move to a minimal carbon global economy”.

There are multiple potential uses for green ammonia, but two of the most promising are marine fuels and power generation. The International Maritime Organisation (IMO) requires that vessels reduce their CO2 emissions by 40pc by 2030 and by 70pc by 2050 from 2008 base levels. Green ammonia in theory would allow the shipping world to meet these targets at a stroke. Such a transition, of course, would require the development of viable ammonia-driven ship engines and ammonia-based fuelling systems, which currently are at a prototype stage. Meanwhile, some countries, in particular Japan, are aggressively pursuing the idea of green ammonia in power generation because ammonia is a stable “transport vector” for hydrogen, facilitating long-haul transportation.

Argus Media chairman and chief executive Adrian Binks said: “We are very pleased that we have been able to construct a price for green ammonia at this very early stage of its market development. Green ammonia will play a key part in the energy transition and the added transparency created by our price, will help the market develop efficiently.”

Argus contact information

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

Moscow: Alexey Komarov
+7 495 933 75 71
Email Alexey

Houston: Matt Oatway
+1 713 968 0000
Email Matt

More resources on green ammonia

About Argus Media

Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.

Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.

Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.

ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.

SOURCE Argus Media

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Source: https://www.prnewswire.com:443/news-releases/green-ammonia-prices-double-that-of-regular-supplies-according-to-argus-301318991.html

Energy

Save money, stay cool as heat wave hits the Carolinas

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CHARLOTTE, N.C., July 29, 2021 /PRNewswire/ — As temperatures threaten to reach triple digits in the Carolinas today and Friday, Duke Energy is providing tips and tools to help customers save energy – and money – and try to stay cool.

Duke Energy has sufficient resources to meet customers’ energy needs and continues to monitor its power plants, power lines and other equipment to help ensure customers receive reliable service during the heat wave.

Low- to no-cost energy efficiency tips

High temperatures can lead to higher energy usage and bills as customers combat the heat. Below are some tips to help manage your energy use.

  • Change air filters regularly. A dirty air filter makes an HVAC system work harder, which uses more energy.
  • Set your thermostat at the highest comfortable setting. The smaller the difference between the inside and outside temperatures, the lower your energy usage and bill will be.
     
  • Close blinds, drapes and curtains during the hottest part of the day. Keeping your blinds, drapes and curtains closed will help prevent the sun’s rays from heating your house.
     
  • Use a ceiling fan in occupied rooms to supplement your air conditioning. Make sure the fans are set to operate in a counterclockwise direction to push cool air down into living spaces. Only use ceiling fans in rooms that are occupied; fans cool people, not things.
     
  • Grill outdoors. Using your electric oven and stovetop creates a lot of indoor heat. Help save energy by firing up the grill outdoors or prepare meals that don’t require cooking.
     
  • Turn off unnecessary lights. Be sure to turn off lights when you leave a room. Lights emit heat and cause your air conditioning system to work harder.

Track, manage your energy usage

Energy use typically spikes in the summer since air conditioning is one of the biggest energy users in your home. Customers can also easily track and adjust their usage during this week’s heatwave.

  • Customers with smart meters can check online to view their daily usage. Smart meters collect usage information by the hour, so checking spikes throughout the month – by day and even hour – can show what appliances and behaviors are increasing their bills. Video and b-roll available here.
  • Duke Energy customers with smart meters also receive usage alerts through email and/or text halfway through their billing cycle, well before their bill arrives, with their current usage amount and a projection of what their final monthly bill could be.
  • Customers can also set budget alerts, so they know when their bill reaches a specific dollar amount of their choosing, allowing them to adjust their usage and help save money on their bill.
  • Customers without smart meters can sign up to receive high bill alerts for when adverse weather is projected to increase their electric bills by at least 30 percent and $30 compared to historical usage.

Other energy-saving programs, tips and guidance to help you manage higher energy bills that can result from increased energy is available at Duke-Energy.com/Summer.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is executing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with goals of at least a 50 percent carbon reduction by 2030 and net-zero carbon emissions by 2050. The company is a top U.S. renewable energy provider, on track to operate or purchase 16,000 megawatts of renewable energy capacity by 2025. The company also is investing in major electric grid upgrades and expanded battery storage, and exploring zero-emitting power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2021 “World’s Most Admired Companies” list and Forbes’ “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Meghan Miles
Media line: 800.559.3853
Twitter: @DE_MeghanM

SOURCE Duke Energy

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Source: https://www.prnewswire.com:443/news-releases/save-money-stay-cool-as-heat-wave-hits-the-carolinas-301344448.html

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Energy

Fermentation Chemicals Market Procurement Intelligence Report with COVID-19 Impact Analysis | SpendEdge

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NEW YORK, July 29, 2021 /PRNewswire/ — SpendEdge’s procurement report on Fermentation Chemicals market identifies Ajinomoto Co. Inc., Amano Enzyme Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Cargill Inc., DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM NV, LanzaTech Inc., MGP Ingredients Inc., and Novozymes AS among the top most important suppliers for commercial vehicle cabin market.

The report also explains key category management objectives that should form the base for Fermentation Chemicals’ sourcing strategy. 

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Source: https://www.prnewswire.com:443/news-releases/fermentation-chemicals-market-procurement-intelligence-report-with-covid-19-impact-analysis–spendedge-301343252.html

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Energy

The Shaw Group Partners with Clough in the U.S. to Deliver Pipe Fabrication for Gulf Coast Petrochemical Project

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HOUSTON, July 29, 2021 /PRNewswire/ — The Shaw Group is pleased to announce it has secured a project award from Clough North America to deliver pipe fabrication solutions for a petrochemical project in Pasadena, Texas.

Shaw’s scope of this project includes in excess of 14,000 pipe spools, over 41,000 fittings, flanges and supports and approximately 175,000 linear feet of pipe including stainless steel and carbon steel. The project is expected to be delivered in the fourth quarter of 2021.

The project will be completed out of Shaw’s Walker, LA facility, which sits on 77 acres and boasts a highly optimized layout capable of producing 6,500 spools per month.

“We’re extremely pleased that Clough put its trust in Shaw to deliver their pipe fabrication for such an important project,” said Shaw President and CEO Mike Childers. “The hallmark of Shaw’s core competencies is our ability to serve as trusted partners for our clients and deliver our project components at the highest quality with zero disruptions to budget and timeline and that’s exactly what we plan to deliver for Clough.”

For Shaw, this award affirms the company’s position as a leader in pipe fabrication services. The company recently reacquired and revived its 2.2 million square feet of fabrication and manufacturing capacity with the strategy to provide premier pipe fabrication, module and induction bending services to industrial clients throughout the world.

“Shaw has demonstrated its ability to deliver superior pipe fabrication services,” said Clough Vice President and Project Director Diego Carli. “We’re excited to partner with Shaw to bring this project online.”

About Shaw

Shaw is an industry leader of pipe and module fabrication and induction bending. The company is recognized for having the resources to deliver complex solutions to mitigate risks and reduce overall cost of field construction. Shaw’s facilities around the world are equipped with the latest manufacturing technology and production management systems to ensure project success for heavy industrial clients. Headquartered in Houston, Texas, Shaw employs approximately 700 people across its offices and operations in North America and the Middle East. For more information, please visit www.theshawgrp.com and follow us on LinkedIn and Facebook.

About Clough  
Clough is a pioneering engineering and construction company established in 1919 in Perth, Western Australia. Clough delivers sustainable high performing assets for the energy, infrastructure and resources industries underpinned by a dedication to problem solving and getting the job done safely and efficiently.

Today, Clough manages a global workforce of over 2,000 people from operating centers across North America, Australia, Papua New Guinea, Asia and the UK that strive for the best in everything, setting new safety and performance benchmarks every single day.

Clough is a wholly owned subsidiary of Murray & Roberts, a multinational group that focuses its expertise on delivering sustainable and fit-for-purpose project engineering, procurement, construction, commissioning, operations and maintenance solutions. The Group delivers its capabilities into the resources, industrial, energy, water and specialized infrastructure sectors.

Cloughgroup.com

SOURCE The Shaw Group

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Source: https://www.prnewswire.com:443/news-releases/the-shaw-group-partners-with-clough-in-the-us-to-deliver-pipe-fabrication-for-gulf-coast-petrochemical-project-301344365.html

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ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month

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DALLAS, July 29, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a report from the CEO, Randell Torno, on the company’s electric motorcycle pilot launched earlier this month.  The report is included in it’s entirety below:

CEO Electric Motorcycle Pilot Report

As this pilot report update is being published, I should be in the air on the first leg of my latest journey to Nairobi where we are building the foundation of our global electric vehicle ecosystem. 

One of the purposes of my trip is to prepare our partners for a media campaign surrounding our latest business developments.

To advance our overall business, we recognize the importance of demonstrating our progress through narrative, pictures, and videos. 

The prevailing world of YouTube, Twitter, Reddit and the like is both empowering and demanding. Today’s highly democratized multimedia, social media application apps give both celebrities and the moody, reclusive teenager down the block, as well as small, medium and big organizations alike, all virtually equal access to the global news and consumer market.  For an early-stage business like ALYI, today’s social media is very empowering, but at the same time, it comes with a demanding burden.  The prevailing social media environment both empowers and demands multi-media rich communications. 

Today’s social media is also a two-way communication platform.  The messages we post generate return messages from a global audience.  The return messages are unpredictable and can be unexpectedly caustic and damaging. 

Our electric vehicle ecosystem in Kenya relies on several public and private sector partners.  We have worked literaly for years on building some of the partnerships.  It is not possible to launch an electric motorcycle taxi business without local partners to manage a wide variety of critical business aspects from importing parts to employing drivers which entails details to include government authority and paying taxes, not to mention local bank accounts and insurance providers … to name just a few of the considerations that must be addressed to even pilot the electric motorcycle taxi business, let alone run a production enterprise.

When we a launch a multimedia communication campaign, we will generate responses that will go directly to our partners.  Some of those responses may well be caustic and potentially damaging to our working relationship with our partners.  I want to take every precaution I can to prepare our partners for the communication campaign to include the potentially caustic responses.  Please be patient while we reinforce our partnerships against the potentially caustic responses from the negative element that comes with a highly democratized, two-way communication environment.  We do not want to inadvertently damage any of our partnerships and suffer a possible setback to our business plan as a result of a multimedia communication campaign.

As you may have deduced from the above narrative addressing our various partners, our electric motorcycle pilot is much more than just putting electric motorcycles into service as taxis or providing electric motorcycles as short-term rental vehicles.  While the electric motorcycle is the star of our pilot, the star is nothing without a critical supporting cast and backstage support team.

After much work to prepare for the star, the star finally makes its center stage entrance.  Our supporting cast and backstage support team are doing a tremendous job.  When we launch our multimedia communication campaign and spotlight our electric motorcycle star, it will be as a result of the many great partners that believe in ALYI’s overall electric vehicle ecosystem vision.

Our communication campaign will lead with introducing the critical supporting cast and backstage support team members first.  For instance, the motorcycle taxi operator partner that is managing the taxi business wherein our electric motorcycle is deployed will be one of the first to be introduced.  We will also introduce the manufacturer of the electric motorcycle and highlight the design process between the manufacturer and ALYI’s design partners MODUS and iQSTEL (IQST).  Each progressive communication in the campaign will include snapshots into the contributions from unsung, but nevertheless critical component partners that provide essential support to include importing, assembly and maintenance. 

The ultimate objective of the communication campaign is not just to feature the current state of the pilot, but to demonstrate the scalability of the pilot into a business that can support the deployment of our order for 2,000 electric motorcycles.

The ALYI electric motorcycle pilot is well underway and is a much more comprehensive initiative than we think most watching ALYI’s progress understand.  We believe the upcoming multimedia campaign will demonstrate the breadth and complexity of the pilot and the potential of the pilot to be scaled into a substantial enterprise.

Even as broad and complex as our pilot program is, and as substantial the business is that can be scaled from the pilot, our electric motorcycle initiative is only a small component of our overall electric vehicle ecosystem vision. 

Next month, we anticipate making a major reveal that will demonstrate significant magnitude of ALYI’s ultimate direction and just how substantially far along we are in realizing the objective of that ultimate direction.

Until then, thank you for your ongoing support and interest in our vision and progress toward that vision.

Randell Torno

ALYI is building a comprehensive EV ecosystem solution designed to advance the entire EV sector with perpetual contribution to EV technology advanced by the ongoing participation of EV industry leaders. 

ALYI is targeting the participation of brand name EV industry leaders in an annual EV symposium and conference anchored by an EV race event in Kenya.  The objective of the EV symposium and conference is to advance EV technology by building EV solutions for the African market – a power constrained, rugged environment with one of the lowest per capita transportation deployments in the world.  EV solutions for the African market will be applicable the world around.  EV solutions designed and built in Africa also contribute to building an autonomous African economy.  ALYI plans to make a major announcement next month regarding the EV race that management expects will garner substantial attention to ALYI’s overall EV Ecosystem strategy.

ALYI has seeded its EV ecosystem solution with the development of its own EV motorcycle business.  ALYI has recently initiated an Electric Motorcycle pilot program in Kenya which is already generating results expected to set ALYI’s EV business apart from the competition.

The pilot is being conducted in conjunction with the 2,000 electric motorcycle order, the fulfillment of which is being finalized with results from the pilot.

ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with ReovltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit www.revolttoken.com.

For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297

SOURCE Alternet Systems, Inc.


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Source: https://www.prnewswire.com:443/news-releases/alyi-previews-upcoming-multimedia-communication-campaign-featuring-electric-motorcycle-pilot-launched-earlier-this-month-301344437.html

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