The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sorry guys but the thread seems to have come round to cvd?
Question was any re assessment of ammonia storage, use and especially amounts ie tonnage in one place effecting generating power of the very largest projects and associated cost of the risk assessments and new guidence ?
Mossad arent going to blow up green energy generators
There is a common denominator - late lock down in UK was to protect the economy (it failed), dangerous cladding was a short cut to save costs, fossil fuel lobbyists have very deep pockets and I dont doubt the warehouse owner storing 2,700 tons of confiscated ammonium nitrate was getting paid by customs officials etc on a retainer so it was a nice little money earner while it lasted.
https://www.trtworld.com/opinion/who-is-responsible-for-the-beirut-disaster-38662
' Political leaders must place the countrys, and their own long-term interests above short-term gains '
Might be a common thread ?
SP - Suppose Covid-19 could be added to that list especially as the hazards of coronaviruses in general were well-known.
Maybe the officials concerned, all had something in common ?
One thing fossil fuels, Grenfell and Beirut explosion all have in common - all hazards that were well known but officials caused deaths by failing to take the risks seriously enough and acting too slowly before it was too late.
No problem. I think hydrogen is part of the fuel structure for the next few decades until we get some new form of harnessing nuclear in ways science has not even found yet.
So in the meantime solar, wind and ocean + battery storage and hydrogen storage and mix with natural gas is the way forward.
I bought several hydrogen stocks for the bottom draw, initially not many, hindsight now, not enough but it is always risk reward. I do see most hydrogen stocks over the last 2 months correcting upwards but imho too fast and certainly in some cases way ahead of where they should really be. In these higher price times each investor must decide in a cold realistic way whether it sp is correct for the company.
A could of rns on here made me re-assess ITM's run.
Bod was an important marker in my eyes £3.40 ish they took their money when they felt happy. Any sensible person invested would take note. I will not go further as I have already been trashed for it. Yawn.
But fair to say many have come off the boil ?
As for holding ITM , I FULLY expect another bull run, 100% sure of it and beyond year highs.
Simply trying to balance a forum with some other views. The gungho £5.00 in a week posters will lambast me after this , but I have been in enough AIM companies to know it is often those leftfield events you just could not predict eg cvd being one, that happen. In sectors that have risen very very quickly there is a hell if a lot of profit and many sitting on thousands thinking it is a one way bet.
Been there and kicked in the backside big time ,especially in the early years when I didn't know to take AIM as a wild beast that it most definately is.
Thanks for the honesty seaangler. I don't just post the positive time and time and time again as there is always another side that many do not want to hear but should.
If I get S... for being balanced then so be it.
RH69. When the markets went down , ITM didn’t. It has yoyo’d somewhat but all things considered it has done brilliantly over the last year or so. This is despite the predictions of Mr.Gloom. Expect more yoyoing but when decent contract news hits ? Apologies for describing you as a deramper but in my head that’s mainly what you have done in recent posts.
Everybody chill. Kind of missed my point , and I am not deramping my own investment, why would I ? Bilbo, not everyone only posts positive or only trolls. I ask question and have pointed out global issue, never had a go at ITM who are a great company. When the markets went down , so did all my investments inc ITM and my guts says there are some head winds. However, if you choose to think I am deramping then keep on putting your head in the sand.
No my general point is a new focus on ammonia which is providing large sources of product to new tech hydrogen production projects. Yes, obviously the world understands hydrogen is explosive and so is ammonia if not kept under the correct conditions.
My question was will this bring in more focus on health & safety, extra control costs, extra transport costs and therefore the end of year for companies looking to use ammonia increasing the costs to the company ( not saying itm in isolation but globally ).
Beruit port IS the major source of revenue for Lebanon.
They effectively had an incorrect way of storage and an accident/sabotage caused this horrendous situation.
The cause - ammonia. I would like to think , Bilbo , that 2750 tonnes of explosives was being carefully monitored as will the world trade authorities? In Norway a NEL H2 Station blew up and they had to stop for a period of time to assess the reason. Hydrogen WILL have accidents associated with it, but the Beruit event will go global and those looking to big ammonia projects may incur extra costs due to this ? NEL working in Pilbarra on a HUGE project MW's of solar, ammonia, hydrogen.
An assessment of risk and creation of new rules and regs may have an effect. Again, put your head in the sand , but at least I am aware of risk management and in failures there is usually an expense to pay.
ITM is a great company that I hold !
You'd need to have clarity of the process from H2 to baking powder to H2 to understand the energy losses and the density of energy storage to see if this is a sensible solution. The H2 to Ammonia to H2 cycle is well understood.
Lots of papers https://www.intechopen.com/books/hydrogen-energy-challenges-and-perspectives/ammonia-as-a-hydrogen-source-for-fuel-cells-a-review https://www.sciencemag.org/news/2018/07/ammonia-renewable-fuel-made-sun-air-and-water-could-power-globe-without-carbon
Baking powder papers are less easy to find https://chemistry-europe.onlinelibrary.wiley.com/doi/abs/10.1002/cssc.201403251
Nice point tone. If we replace the word Hydrogen with "Petrol" in your paragraph we can see that standards can be set in say Brussels but will not be followed in say Turkey. The good news is Bhopal disaster caused the gases industry to really become safety focused. So I would trust Linde to be safe. I would not trust say Tesla with Hydrogen as their culture is not firm enough and they have not had a major crisis yet. Still going to be a rocky road.
What's ammonia powder anyway ?
Ammonium bicarbonate, a baking powder used apparently for making European and Middle Eastern cookies.
Might cause some explosions from the rear end.
Fortunately nearly everyone knows that Hydrogen is extremely dangerous when mishandled, so the storage and handling controls are already well established. Unfortunately it doesn't yet prevent all accidents or design/manufacture mistakes, so I'd expect an ever-tightening set of controls across the industry.
My worry is over new entrants to the market with the inevitable learning curve and even more inevitable explosions leading to some really bad press. Those days will make a serious dent in our investments.
Apologies
Reference to Seaangler's message.
SP - Suckers ?? LoL
The explosion was caused by ammonium nitrate (common fertiliser).
It is potentially explosive but requires some kind of detonation.
I suspect it was stored in a confined space and at high temperature decomposed quickly providing all the necessary conditions. Mixed with sugar, it can be used as a rocket fuel (tried it when we were kids, fortunately escaped injury).
Or maybe the petrochemical industry? Or maybe your attempts at de-ramping are as see through as psmith64’s? Do you really think , either of you , that you make any real difference? Pathetic. Probably have handshakes like a dead squid.
Will the Beruit explosion of 2750 tonnes of ammonia now have the possibilities of new controls or expense being placed on some aspects of the hydrogen industry ?
Genuine question for those scientists out there ?
https://www.intechopen.com/books/hydrogen-energy-challenges-and-perspectives/ammonia-as-a-hydrogen-source-for-fuel-cells-a-review