US$308m federal funding for Hydrogen Energy California’s IGCC project - 02/07/2009
The US Department of Energy (DOE) has awarded Hydrogen Energy International (HEI) with US$308m of funding for its Kern County, California, Integrated Gasification Combined Cycle (IGCC) power plant. The IGCC power plant will take petroleum coke, coal or blends of each, combined with non-potable water and converts them into hyd .... more Japan’s nuclear plant usage rises YoY for 9th month - 02/07/2009
Japan’s nuclear power plant usage increased YoY in June for a ninth straight month, which could limit the use of thermal power fuels in the peak summer demand period. The nuclear power plant utilisation rate at the country’s 10 nuclear power companies rose by 59.9 per cent on average in June, 6.3 percent higher than the equivalen .... more Possible expansion for the world’s third-biggest coal port - 02/07/2009
Despite the call to limit coal use in the world to combat global warming, the industry remains positive about its future and expansion of the sector and its supporting services is ongoing. Australia’s Dalrymple Bay port, the world’s third-largest coal export terminal, is considering increasing its cargo-handling capacity as coal .... more Europe fails to recognise carbon dioxide as pollutant - 02/07/2009
Although EU ministers recently agreed on a proposal to reduce industrial pollution, they fell short of declaring carbon dioxide as a pollutant. The latest deal forces heavy industries like power plants and oil refineries to comply with new and more stringent sulphur and nitrogen emission limits as well as restrictions on the rele .... more Australia’s carbon trading scheme faces delay - 01/07/2009
While Australia’s Carbon Pollution Reduction Scheme passed the government-dominated House of Representatives, the carbon emissions scheme has hit problems as senators and conservative and minor parties succeeded in postponing the Senate vote until August, after the two-month winter recess. The Australian carbon trading scheme .... more Philippines EDC raises PHP7.5bn and eyes bond issue - 01/07/2009
Philippine electricity generator Energy Development Corp (EDC) announced it raised PHP7.5bn (US$156m) in a notes issue, effectively more than doubling its original plan. With the funds, which have maturities of five and seven years, EDC plans to refinance maturing debt and fund expansion. The company has close to US$300m in debt .... more New biofuel generation expected in 2010 at earliest - 01/07/2009
The first biofuels produced using a new generation of biomass raw materials could be available in commercial volumes from 2010 at the earliest, according to German Deputy Environment Minister Michael Mueller. Germany is among the first European countries to build test plants to produce commercial quantities of second generatio .... more US$3.9bn for US “smart grid” - 29/06/2009
US Energy Secretary Steven Chu has announced US$3.9bn investment in “smart grid” systems to make countrywide power transmission more adaptable to emerging needs. According to Mr Chu, the funds would help create a system to allocate electricity more efficiently via improved power lines or by allowing batteries in hybrid cars to .... more Pakistan ready to launch first private-sector hydropower project - 29/06/2009
Work on Pakistan’s first private sector hydropower project is due to start in the next couple of weeks, according to Laraib Energy CEO Khalid Faizi. The Lairab Energy project consists of a 84MW hydroelectric facility, located 7.5km downstream of the existing Mangla Dam in Mirpur. The New Bong Escape project is to be completed .... more Oil dips below US$70/bl as US demand concerns emerge - 29/06/2009
Following economic data that showed that consumers’ savings rate increase faster than spending, thus causing uncertainty over oil demand, oil prices dipped below US$70/bl. In London, Brent prices fell 44 cents to US$69.39/bl on the ICE futures exchange. Stock markets reversed a rising trend from earlier Friday, as the U.S. Com .... more
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