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IEA: LNG Terminal Buildout Veers Towards a Glut, Upending Energy Mix
The coming years look to be difficult for companies in the early stages of developing liquefied natural gas (LNG) terminals, as new worldwide export capacity is expected to swamp demand growth, putting downward pressure on prices and profitability, according to a recent report from the International Energy Agency (IEA) (Paris, France).
Wednesday, November 06, 2024 Production
Brazil Has Installed Almost 9 GW of Renewable Energy in 2024
Brazil is betting heavily on renewable energy expansion, with solar and wind power plants leading the developments.
Tuesday, November 05, 2024 Power
Westlake Upbeat on Demand Growth for Plastic Components
Industrial Info is tracking nearly $1 billion worth of active and proposed projects from Westlake, more than 80% of which is attributed to plant expansions
Wednesday, November 06, 2024 Chemical Processing
Canada Proposes New Cap on Oil and Gas Emissions
The government of Prime Minister Justin Trudeau released draft regulations that would obligate the oil and gas industry to cut emissions 35% from 2019 levels through gradual reductions through 2050
Wednesday, November 06, 2024 Production
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NavigatIIR Newsletter: November 2024
Covering the Latest Market Trends
U.S. Shines Light on Solar-Component Market with Tax Credit

U.S.-based manufacturers of crucial solar-energy components are getting a much-needed boost from Uncle Sam. Projects to develop solar ingots and wafers now qualify for a 25% tax credit under a new rule from the U.S. Department of the Treasury, which extends the reach of the 2022 U.S. CHIPS Act from semiconductors to solar technology.

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