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Released September 26, 2023 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Mexican LNG Plant to Receive Final Piece in Days - The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy (NASDAQ:NFE) (New York, New York) is planning to begin production at the 1.4-million-ton-per-year floating plant off the coast of Altamira, Mexico, in the coming weeks. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for more details on the project. (Reuters)
REFINING
Portugal's Galp to Invest in Biofuels with Japan's Mitsui - Portuguese oil company Galp (Lisbon) said on Monday it had teamed up with Japan's Mitsui (Tokyo) to invest 400 million euros (US$426 million) in an industrial-scale plant to produce renewable diesel and sustainable aviation fuel from waste at its Sines refinery. The companies will create a joint venture for the project, which will be 75% controlled by Galp, it said in a statement. Subscribers to Industrial Info's Refining Plant Database can click here to view the plant profile. (Reuters)
EUROPE
EU Energy Imports Fall in Second Quarter - European Union (EU) energy imports continued their downward trend in the second quarter as members further reduced their reliance on Russian supplies, data from EU statistics agency Eurostat showed on Monday. After a strong increase between 2021 and 2022, EU imports declined by 39.4% in value and 11.3% in volume in the second quarter of 2023 on a yearly basis. That followed declines of 26.5% and 6.1%, respectively, in the first quarter. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
LNG
Mexican LNG Plant to Receive Final Piece in Days - The last major piece of infrastructure needed to start production at Mexico's first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy (NASDAQ:NFE) (New York, New York) is planning to begin production at the 1.4-million-ton-per-year floating plant off the coast of Altamira, Mexico, in the coming weeks. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for more details on the project. (Reuters)
REFINING
Portugal's Galp to Invest in Biofuels with Japan's Mitsui - Portuguese oil company Galp (Lisbon) said on Monday it had teamed up with Japan's Mitsui (Tokyo) to invest 400 million euros (US$426 million) in an industrial-scale plant to produce renewable diesel and sustainable aviation fuel from waste at its Sines refinery. The companies will create a joint venture for the project, which will be 75% controlled by Galp, it said in a statement. Subscribers to Industrial Info's Refining Plant Database can click here to view the plant profile. (Reuters)
EUROPE
EU Energy Imports Fall in Second Quarter - European Union (EU) energy imports continued their downward trend in the second quarter as members further reduced their reliance on Russian supplies, data from EU statistics agency Eurostat showed on Monday. After a strong increase between 2021 and 2022, EU imports declined by 39.4% in value and 11.3% in volume in the second quarter of 2023 on a yearly basis. That followed declines of 26.5% and 6.1%, respectively, in the first quarter. (Reuters)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
