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Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia announced on Thursday that it will provide a?A$2.5billion ($1,76billion) to keep Rio Tinto's Tomago aluminum smelter - the largest in the country - open beyond 2028 with a more reliable and affordable power supply. A government statement said that the deal would fund 3 gigawatts for new electricity generation at the smelter.
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Palm oil drops as crude oil and Dalian palm oil weigh
Malaysian palm oil futures dropped for the second session in a row?on Thursday. Dalian's palmolein prices and crude oil prices weighed on the market, as the benchmark fell?below 4,700 ringgit? level. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for October delivery was down 18 Ringgit or 0.38% to 4…
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VEGOILS-Malaysian palm oil rises, tracking Dalian
Malaysian palm oils futures rose Thursday after reversing their losses at midday, following the Dalian exchange's rival edible oils, as the market awaited more catalysts. The benchmark palm oil contract for October delivery on the Bursa Malaysia derivatives exchange gained 27 ringgit or 0.57% to 4,724 Ringgit ($1,156.43).
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SMA Solar: EU restrictions on Chinese solar inverters will boost European suppliers
The European Union's ban on public funding for utility-scale inverters made by "high-risk countries" is set to shift the market toward European suppliers, according to?SMA Solar?s chief executive?on Thursday. The European Union's 27-country bloc imposed the ban on May 1, primarily affecting Chinese products.
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Urenco CEO: EU's unclear position on Russian nuclear fuel is holding back investment
Urenco CEO says that uncertainty over the European Union's decision to ban Russian nuclear fuel has slowed investment in the uranium industry of 'Europe.' The bloc is yet to make a final ruling on the issue despite its pledge to reduce dependence on Russian energy. The EU has not imposed any import restrictions or bans on Russian nuclear fuel…
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Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia announced on Thursday that it would be providing A$2.5 billion (1.76 billion dollars) to help Rio Tinto keep its?Tomago…
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US farmers harvest the second largest corn crop in history despite lower yields
The U.S. Department of Agriculture announced on Wednesday that farmers in the United States will harvest their?second-largest?corn…
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Profit taking as Dalian oil and palm oil fall in value.
Malaysian palm oils futures declined on Wednesday, after two consecutive sessions of gains. This was due to a weaker Dalian…
Latest news
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Vestas, a wind turbine manufacturer, beats expectations in Q2, raising outlook for the full year
Vestas, a Danish wind turbine manufacturer, reported Wednesday a second-quarter adjusted profit that was higher than expected.
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Palm oil prices slip on profit-taking and Dalian weakness
Malaysian palm oil futures declined on Wednesday, after two consecutive sessions of gains. Prices were impacted by weaker…
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Palm oil closes at a four-month high in Dalian on crude oil strength
Malaysian palm futures rose for the second consecutive session on Tuesday, closing at the highest level they have reached in just over four months.
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India is considering limiting the use of cane to produce ethanol in order to control the record-high market for sugar
Two government sources and two industry insiders said that India may restrict the amount of sugarcane used to produce ethanol…
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VEGOILS - Palm oil firms brace the market for MPOB stocks, output data
Malaysian palm oil futures continued to rise on Monday as they tracked the strength of rival oils traded on Dalian and Chicago exchanges.
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India fuel retailers claim E20 meets quality standards
According to a statement, India's state run fuel retailers stated that a nationwide test of e20 petrol did not support claims…
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South Korea announces its future technology projects and targets a moon landing by 2030
South Korea unveiled a 'ambitious' technology strategy on Wednesday, centered on seven projects ranging from quantum computing…
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Uniper CEO predicts higher gas prices while Strait of Hormuz is closed
Uniper, Germany's largest gas importer, said that it expects the price of a megawatt-hour of gas to stay at EUR50 to EUR60…
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Malaysia's SD Guthrie sees El Nino impacting 2027-28 palm oil output
Malaysia's SD Guthrie, one of the largest palm oil producers in the world, stated on Tuesday that they expect production to be affected by El Nino…
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Malaysian palm oil prices rise as the market takes into account El Nino's impact on production
The price of Malaysian palm oil futures increased for the second consecutive session on Tuesday, as traders analyzed the…
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Palm oil closes highest in four-month tracking rival oils
Malaysian palm oil futures closed Monday at their highest level for more than four months, supported by the strength of rival…
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India increases domestic green ammonia supply to the fertiliser sector
The Solar Energy Corporation of India, owned by the Indian government, is looking to provide an additional 1,000,000 metric…
Solar
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Australia reduces the cost of rooftop solar systems for businesses
The Australian government announced on Wednesday that it will reduce the cost of installing rooftop solar panels in factories…
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Morocco will build a $1.5 billion waste to energy plant in Casablanca
The consortium, led by Swiss-Japanese Kanadevia Inova, plans to begin constructing a $1.5billion waste-to energy plant in…
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Ameresco wins new contracts worth $1.8 billion as demand for power remains high
Ameresco announced on Monday that it had added $1.8 billion to its backlog of projects in the second quarter. This is more…
