Viewing posts tagged: "Feedstock"

The Morning Feedstock: June 17, 2008

Daniel Englander: June 17, 2008, 4:00 AM
The State of New York draws ever closer to shooting itself in the foot, as chances for success begin to run out for the planned $4.5 billion acquisition of Energy East by Spain's Iberdrola. State judge Rafael Epstein ruled Tuesday the acquisition should be blocked because of its potential to raise electricity rates across the state, echoing an earlier administrative ruling by the New York State Public Service Commission's board. Epstein did say he would approve the acquisition if Iberdrola capitulated on the PSC' request to provide $650 million in ratepayer subsidies. Iberdrola has said it would be more than willing to take its business elsewhere. So why, in light of the fact that...

The Morning Feedstock: June 9, 2008

Daniel Englander: June 9, 2008, 2:05 AM
British Energy's board is set to recommend a £10 billion take over offer from Électricité de France, say reports from inside London's financial district. Analysts covering the deal say rival bids from Iberdrola and RWE were unlikely to match EDF's, though the bid size was far from the only reason for its success. The British Government owns 35 percent of British Energy, the UK's largest nuclear power operator, and has sought a quick sale to inject some fast cash into Britain's public finances. EDF's 680 pence per share offer is likely hard to turn down. So is the French operator's nuclear expertise - it is the largest nuclear power company in the world, and operates 58 reactors...

The Morning Feedstock: June 6, 2008

Daniel Englander: June 6, 2008, 1:06 AM
The International Energy Association released a report yesterday calling on governments to start a $45 trillion "energy technology revolution", arguing it's the only way to halve CO2 emissions by 2050. This is equivalent to transferring 1.1 percent of global GDP towards green technology over the next 40 years. However, IEA director Nobuo Tanaka argues the spending would be "a re-direction of economic activity and employment, and not necessarily a reduction in GDP." The 643 page report, which the G8 commissioned in 2005, is nothing if not ambitious in its proposals. For example, in order to cut carbon emission by 50 percent, 17,500 wind turbines and 32 nuclear plants will need to built...

The Morning Feedstock: June 5, 2008

Daniel Englander: June 5, 2008, 12:42 AM
Agriculture giant Monsanto will develop seeds that promise to double the output of crops like cotton, corn, and soy by 2030. Importantly, the Sustainable Yield Initiative, as the company is calling its latest effort, will also reduce the number of inputs required to grow the crops, such as water and chemical fertilizer, by more than 30 percent. Monsanto's Chairman and CEO Hugh Grant said the company has worked on this project for more than a year, before the extent of the current global food crisis became apparent, as a response to increases in the price and decreases in the supply of fuel for rural farmers in developing countries. Grant said, "we had an energy crisis before we...

The Morning Feedstock: June 2, 2008

Daniel Englander: June 2, 2008, 12:18 AM
Over the weekend, 191 signatory countries to the UN Convention on Biological Diversity voted to institute a moratorium on ocean fertilization. The vote impacts the ongoing work of companies like Climos and the Ocean Nourishment Corporation, both of which were attempting to spur ocean-based algae growth in a bid to sequester CO2 and sell offset credits. I fail to see why anyone is really surprised by this. In 2007, an international group of scientists published research in the Journal of Geophysical Research questioning the validity and viability of ocean fertilization. The research was approved by both the Woods Hole Oceanographic Institute and the International Maritime...

The Morning Feedstock

Daniel Englander: May 30, 2008, 1:30 AM
Crude oil prices settled down $4.41 to close the day at $126.62 in New York trading. This is lowest price level since May 16, and the largest single day drop in the price of light sweet crude since March 31. The drop came in only after a sharp spike in morning trading following the release of a Department of Energy report that found U.S. crude supplies had fallen down 8.8 million barrels to 313 million, surprising analysts who thought supplies had moved up. But those analysts, they're a silly sort. By mid day yesterday most analysts had decided that part of the shortfall was artificial, resulting from fog at U.S. oil terminals that prevented supply unloading. Most of the missing...

Abu Dhabi’s Masdar to get into solar with help from Applied Materials

Michael Kanellos: May 29, 2008, 2:57 AM

Abu Dhabi is shopping its way into the solar industry.

Masdar PV, the solar subsidiary of the multibillion-dollar cleantech effort, will invest approximately $2 billion into thin film silicon solar plants. The first plant, in Erfurt, Germany, will be open by the third quarter of next year. A second facility in Abu Dhabi will be open by the second quarter of 2010. The two plants will have a production capacity of 210 megawatts.

 Masdar PV wants to have 1 gigawatt of capacity by 2014, which would make it one of the largest manufacturers in the world relatively quickly. The world will have approximately 10.2 gigawatts of solar manufacturing capacity in 2008 and the figure is...