QUICK NEWS, December 9: WATCHING THE ADVANCED BATTERY MARKET GROW; NAT GAS PRICE VOLATILITY CHANGES SHELL’S PLANS
NYC LANDFILL GOES SOLAR Allie Goolrick, December 3, 2013 (The Weather Channel)
“…Once the world’s biggest landfill, since 2008, Freshkills Park on Staten Island has been the site of a massive land reclamation project [by New York City] that aims to develop a green space nearly three times the size of Central Park…[As part of the city’s sustainable growth plan], Freshkills will also soon become the city’s biggest source of solar power…The city plans to lease around 47 acres of the park to private solar-farm developer SunEdison, which will design and install a [10 megawatt] solar power facility big enough to increase the city’s renewable energy capacity by 50 percent…[and] fuel 2,000 homes…” click here for more
WATCHING THE ADVANCED BATTERY MARKET GROW
4Q 2013 (Navigant Research)
“The advanced battery market is in the midst of a massive increase in production output…[A]s of the end of 2012, Navigant Research identified a total global shipment volume of 26.7 GWh of advanced batteries, the majority of which were in the consumer electronics segment…[E]merging sectors such as automotive and stationary energy storage earned relatively large market shares…Lithium ion (Li-ion) is the primary chemistry [over 99%] in the advanced battery market…Cost of the batteries, the most important factor, has been declining dramatically in the last 2 years…The majority of advanced batteries were manufactured in China, with the United States, South Korea, and Japan coming in well behind…[and] very little manufacturing activity in Europe, Latin America, and the Middle East & Africa in 2012…” click here for more
NAT GAS PRICE VOLATILITY CHANGES SHELL’S PLANS Shell Axed GTL Plant, Citing Oil And Gas Price Uncertainty
Zotlan Ban, December 9, 2013 (Seeking Alpha)
“…Shell cited uncertainty about the future of oil and gas prices as the reason to abandon the [gas to liquids (GTL) plant in Louisiana]… The EIA thinks that for such projects to be viable, the price of natural gas needs to be below $6 per million BTUs. In the absence of being able to secure long-term natural gas supplies under this price threshold, the price of oil would have to rise significantly… The Shell decision cannot be based on the belief that oil prices are headed much lower either, because it is a well-known fact that projects ranging from deep water, shale oil, oil sands, and scavenging old conventional fields in order to squeeze out some more oil are all dependent on oil prices staying at current levels…The most likely reason left for it to abandon the plan, which up to recently was obviously thought to have much potential given that Shell even picked a site and secured subsidies and concessions totaling over $120 million from local authorities, can only be because it now sees US natural gas prices going up significantly…” click here for more
0 Comments:
Post a Comment
<< Home