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PLUS: OCI-NuStar ammonia, Enbridge shareholders say no to scope 3, Mexican LNG, India's out on coal, Westinghouse SMR, Infinium eFuels

Author

Sunya Scoop
May 04, 2023

Good Morning. This is the Sunya Scoop. The newsletter that takes energy transition news and turns it into an easy-to-read email for you.

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LOW-CARBON FUELS

  • OCI Global and NuStar Energy sign agreement for ammonia transportation

  • NuStar to install a new 14-mile pipeline segment connecting OCI's Nitrogen facility in Wever, Iowa with NuStar's existing 2,000 mile ammonia pipeline

  • OCI's facility uses ammonia for fertilizer and Diesel Exhaust Fluid production

  • Partnership aims to serve agricultural needs by delivering more ammonia for fertilizer and upgraded products

  • The project is expected to increase utilization of NuStar's system in 2024

  • OCI commits $30 million in capital expenditures for new ammonia cooling and storage infrastructure

  • OCI plans to bring an additional 1.1 million tons of blue ammonia capacity online in 2025 in the Gulf Coast

SUSTAINABILITY

  • Enbridge shareholders reject DI Foundation's resolution for reporting indirect greenhouse gas emissions

  • Resolution aimed at annual reporting of indirect emissions associated with oil and gas handled by Enbridge

  • Enbridge's board recommended rejection, with 71% of shareholders voting against it

  • Companies face growing pressure to account for emissions beyond those they generate directly

  • Enbridge reports some Scope 3 emissions when they can be confidently measured or estimated

  • Competitor TC Energy also incompletely reports Scope 3 emissions, while Canadian Natural Resources and Cenovus Energy report them

NATURAL GAS

  • Equitrans expects federal agencies to issue required authorizations for $6.6 billion Mountain Valley natural gas pipeline by early summer

  • Completion of the project anticipated by the end of 2023, but significant risk and uncertainty remain due to litigation

  • Mountain Valley pipeline is key to unlocking more gas supplies from Appalachia, the largest U.S. shale gas basin

  • Equitrans waiting for new authorizations from multiple federal agencies

  • Equitrans owns about 48.1% of Mountain Valley and will operate it, with the pipeline nearly 94% complete

LNG

  • Mexico Pacific to invest up to $14 billion in natural gas pipeline and liquefaction plant in Sonora, Mexico

  • Company's main market for exported liquefied natural gas (LNG) is in Asia

  • Mexico Pacific constructing a 14.1 million tonnes per annum LNG export terminal in Puerto Libertad, Sonora

  • Mexican President Lopez Obrador announced cooperation agreements with Canadian Pacific Kansas City (CPKC) for rail projects in Mexico's south

  • CPKC exploring ways to support administration's initiatives and sharing experience, best practices, and technology for two train lines under construction

COAL-TO-GAS SWITCHING

  • India plans to stop building new coal-fired power plants, except for those already in the pipeline, by removing a key clause from the final draft of its National Electricity Policy (NEP), according to government sources.

  • The move would make China the only major economy open to fresh requests to add significant new coal-fired capacity.

  • India and China account for about 80% of all active coal projects, as most developing nations wind down capacity to meet climate targets.

  • The policy revision, if approved, would not impact the 28.2 GW of coal-based power in various stages of construction.

  • India's proposed coal power capacity is the highest after China, but activists have pressed for a halt to new coal-fired plants to reduce the share of the polluting fuel in overall power output.

  • The final draft of the NEP proposes delaying the retirement of old coal-fired plants until energy storage for renewable power becomes financially viable.

NUCLEAR

  • Westinghouse unveiled a small modular nuclear reactor named AP300, which can generate virtually emissions-free electricity to replace coal plants or power water desalination and other industries.

  • The reactor will have a planned capacity of 300 Megawatts and will be a smaller version of Westinghouse's AP1000 reactor, which is currently operating in China and Georgia.

  • The AP300 reactor will not use special fuels or liquid metal coolants, unlike some other next-generation reactors, and will be constructed by 2030 and operational by 2033.

  • The design for only one small modular reactor has been approved by U.S. regulators, planned by NuScale Power Corp, and it still needs permits.

  • Westinghouse hopes to sell reactors to countries in eastern Europe and sub-Saharan Africa, but it is not yet sure whether the technology can be exported to China due to nuclear proliferation concerns.

LOW-CARBON FUELS

  • Infinium manufactures a ton of proprietary CO2 conversion catalyst at its West Sacramento facility

  • Catalyst is a critical component for creating electrofuels (eFuels), which replace carbon-intensive petroleum products

  • Infinium eFuels are made from renewable power-derived green hydrogen and captured carbon dioxide using a proprietary process

  • Company will start delivering eFuels to Amazon in 2023 to help decarbonize its middle-mile trucking fleet

  • Infinium eSAF, eDiesel, and eNaphtha can replace petroleum fuels and be used in existing engines and distribution infrastructure

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.