More News and Commentary

IEEFA Europe: Proposed INEOS cracker plant would oversupply ethylene market
, and

IEEFA Europe: Proposed INEOS cracker plant would oversupply ethylene market

INEOS Project ONE in Antwerp conflicts with EU’s aggressive program to reduce plastics use

December 9, 2021 (IEEFA) — INEOS Group’s proposed Project ONE ethane cracker plant in Antwerp, Belgium, is a risky venture in an already well-supplied market, according to a briefing note by the Institute for Energy Economics and Financial Analysis. If approved, the project would appear to be at odds with the European Union’s aggressive long-term […]

Portugal becomes fourth EU country to shut down last coal-fired plant

Reuters: Portugal shut down its last remaining coal plant over the weekend, ending the use of the polluting material for electricity generation and becoming the fourth country in the European Union to do so. Environmental group Zero said in a statement the Pego plant in central Portugal had been the country’s second-largest emitter of carbon […]

November 22, 2021 Read More →

Engie unloads energy services business, earmarks cash for renewables

S&P Capital IQ ($): Egie SA’s deal to sell energy services business Equans SAS to Bouygues SA is a “major milestone” in the French utility’s disposal program and will enable it to ramp up spending on renewables, executives said Nov. 10. “With an enterprise value at €7.1 billion, this is among the largest carve-outs in […]

November 12, 2021 Read More →

G-20 leaders prepare statement to stop funding foreign coal plants

Bloomberg ($): Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climate objectives that are crucial to keeping global temperatures in check, according to a draft statement for this weekend’s summit. The 11-page document seen by Bloomberg, which is still being […]

October 29, 2021 Read More →

Burundi completes construction of nation’s first large-scale solar farm

PV Magazine: Burundi-based renewable energy company Gigawatt Global Coöperatief U.A. has announced the completion of the country’s first large-scale PV plant – a 7.5 MW installation under development since 2015 and for which construction works were announced in 2017. The project was financed by South Africa-based equity investor Inspired Evolution, the U.K. government-funded Renewable Energy […]

October 26, 2021 Read More →

G-20 to focus on stopping financing of foreign coal-fired power plants

Bloomberg ($): Group of 20 diplomats have all but given up on their lofty goal of consigning coal to history and are instead closing in on a more modest plan to stop governments funding foreign coal-fired power plants, according to people familiar with the situation. With the energy crisis changing the dynamics of diplomatic talks, […]

October 25, 2021 Read More →

Siemens, Egypt sign deal to develop export-ready hydrogen industry

S&P Global Platts ($): Siemens Energy and the state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based industry with export potential, including a 100-200 MW pilot electrolyzer facility, as the North African gas producer seeks to develop a clean energy industry. “Siemens Energy and EEHC will jointly promote investment, […]

August 25, 2021 Read More →

Russian, Belgian joint venture plans 1GW Vietnam offshore wind farm Russian oil & gas company Zarubezhneft and DEME Concessions Wind have signed a Memorandum of Understanding to jointly develop a 1 GW Vinh Phong wind farm offshore Vietnam. The consortium plans to commission the project’s first phase with 600 MW capacity by 2026 and the second phase with 400 MW capacity by 2030. The […]

July 19, 2021 Read More →