Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Bilbo, with respect we need to start somewhere and the blue/grey H2 IMO is a necessary evil as a stepping stone to the decarbonised goal. After all the Hydrogen economies of scale we are told only work when based on renewable energy.
I read a write up recently on Australia H2 and one of the drawbacks there is water availability for electrolysis which got me thinking that I'm sure ITM could build an electrolyser at waste treatment plants and use waste water to produce Hydrogen in water deprived areas. Mind you in 25 years time we could have a problem at home:-
https://www.bbc.com/news/uk-47620228
Within 25 years England will not have enough water to meet demand, the head of the Environment Agency is warning.
The impact of climate change, combined with population growth, means the country is facing an "existential threat", Sir James Bevan told the Waterwise Conference in London.
So the amount of shares in circulation has just been increased and the S.P goes up. I don’t get it. Need to go back to school......
"Although it has not yet realized its multi-trillion-dollar sector-crossing potential, a version of the hydrogen economy is already upon us, valued at more than $100 billion annually. "
https://www.greenbiz.com/article/sector-linking-hydrogen-economy-heats
How different is the DMG gasification process to Kobelco’s/Cogens?
https://www.cogenuk.com/gasification
https://www.letsrecycle.com/news/latest-news/construction-starts-hooton-gasification-plant/
https://www.eni.com/en_IT/media/2019/01/eni-and-pertamina-sign-memorandum-of-understanding-to-cooperate-in-the-areas-of-circular-economy-low-carbon-products-and-renewable-energies
* Waste to fuel, which is an Eni proprietary technology able to produce biofuel from municipal waste (Organic Fraction of Municipal Solid Waste) transforming waste into bio-oil for use as a component in the production of second-generation biofuel for transport. Eni-Syndial launched the first pilot plant in Gela last December and aims at developing industrial scale plants, disposing of a great quantity of organic waste through reuse and contributing significant environmental benefits to large urban areas.
With Link:-
https://www.gasworld.com/man-energy-enters-hydrogen-economy-/2016878.article
Well we all knew the technology works and now we have additional confirmation that the reactors (ex ENVIA) performed very well. The share price dropped dramatically after the fire at ENVIA plant which was not attributed to Velocys equipment and subsequently the insurers have paid out. I think this is the turning point after rock bottom. Lets hope so. Onward and upwards. GLA.
https://www.energyvoice.com/opinion/195477/ccus-is-a-stopgap-to-a-big-hydrogen-world/
There is some excellent hydrogen research and development being undertaken through government and industry initiatives, but are we putting sufficient effort and funding into its development? CCS/CCUS is a stopgap to a big hydrogen world. We should bypass CCS/CCUS and deliver on hydrogen.
Finally, hydrogen will not solely deliver on decarbonisation – energy efficiency, land use, renewables and battery power all have their part to play.
Tom Baxter, Senior Lecturer, Chemical Engineering, Aberdeen University
"China expects to have 100,000 cars powered by clean-burning hydrogen cells on its roads within five to six years as it challenges such countries as Japan and South Korea for dominance of the emerging carbon-free automotive markets."
https://www.asiatimes.com/2019/03/article/beijing-wants-100000-hydrogen-cars-by-2025/
"The Liverpool City Region is set to be the first place in the North of England to trial hydrogen buses following a successful £6.4m bid to the government’s Office for Low Emissions (OLEV)."
https://www.gasworld.com/liverpool-city-region-to-trial-hydrogen-buses/2016880.article
"The system that we have devised would not require the vehicle to be refueled at a hydrogen filling station. Our technology would use canisters of the cobalt metal as the fuel to operate the hydrogen generator. The canisters would be swapped out when expended. It's really too early to tell, but the goal is typically to be able to travel up to 350 to 400 miles for most vehicles before "refueling.""
https://www.engadget.com/2019/03/22/umass-lowell-hydrogen-fuel-cell-electric-vehicles/?guccounter=1&guce_referrer_us=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_cs=DitnQfslh0ySeUkStC6zYA
MAN doubles down on its hydrogen bet:-
Lauber continued: “As the electrolysis market matures commercially, we estimate that it will become medium- or long-term in nature. By acquiring a stake in H-Tec Systems, we are positioning ourselves in this strategic future market at an early stage.”
How does the 189k affect the 5 month lights out schedule.
A provision of £189k for the costs of decommissioning the MSAR® manufacturing facility at the Cepsa refinery in Spain has been recognised. Decommissioning is expected to be completed during Q2 2019.
Bilbo, found this - Nedstack is one of the leading PEM fuel cell producers in the world. Having well over a decade of stack manufacturing experience, our extensive track-record includes over 500 systems based on Nedstack fuel cells in commercial operation world-wide, several even dating back to 2006. Also, the world’s largest PEM fuel cell system is based on Nedstack fuel cell stacks. Our Fuel Cell stacks have proven a long lifetime capability and high energy efficiency in the field.
Nedstack supplies liquid-cooled Fuel Cell Stacks with rate power capacity between 2 – 10 kW with corresponding codes FCS 2 – FCS 10, towards a range of applications in countries all over the world. The rated power output of a fuel cell stack is determined by the number of cells stacked together. Multiple stacks can be assimilated into fuel cell systems with a combined power output exceeding 2 MWatt.
http://nedstack.nl/nedstack-product-range/
Will be interesting to find out what caused all four engines to fail in stormy weather:-
A cruise ship that got into trouble off the Norwegian coast has arrived safely at the port of Molde after the dramatic rescue of hundreds of people.
The Viking Sky lost power on Saturday and sent out a distress signal after it began drifting towards land.
Almost 500 of the 1,373 people on board were airlifted off in bad weather. Three of the ship's four engines were later restarted for its trip to port.
Tolson seems to have his finger on the pulse:-
“I think [closer to 2020] it [MGO-HSGO price differential] will remain in the $150-$250/mt range as it has for the last few months. HSFO for the front months has been pretty strong due to limited availability. At some point HSFO will start to drop and the gap with MGO will open up. I am guessing by the end of Q4 we will be seeing numbers close to $350 or even $400/mt,” Tolson said.
QUALITY ISSUES
"Bunker quality issues will continue to dominate the 2020 landscape, Tolson said.
Many owners are responsible and will be very cautious in managing fuels on the vessel so that any compatibility issues between fuels do not arise and cause operational issues, Tolson said. However, other owners may not be so diligent and this will create issues, he said."
https://www.hellenicshippingnews.com/locking-in-hsfo-supplies-is-key-for-scrubber-fitted-fleet-post-2020-consultant/
"Amnesty International has attacked the electric vehicle (EV) industry for selling itself as environmentally friendly while producing many of its batteries using polluting fossil fuels and unethically sourced minerals."
https://japantoday.com/category/tech/amnesty-faults-electric-vehicle-batteries-as-carbon-intensive
Amid growing global concern about the overuse of plastic, Austria’s oil and gas group OMV and Austrian Airlines have partnered to turn the plastic cups the airline’s passengers have used into synthetic crude that could be later processed into fuels or other plastic products.
https://oilprice.com/Latest-Energy-News/World-News/OMV-Turns-Austrian-Airlines-Plastic-Cups-Into-Synthetic-Crude-Oil.html
GE and Nedstack enter into a partnership to develop hydrogen fuel cell power systems for cruise vessels
GE’s Power Conversion business and Nedstack, a leading fuel cell manufacturer, are collaborating on developing hydrogen fuel cell systems for powering zero-emission cruise vessels.
This partnership brings together GE’s recognized expertise in cruise electrical power and propulsion solutions plus system integration capability, with Nedstack’s extensive experience in megawatt-scale hydrogen fuel cell technology. The result will be highly efficient fuel cell solutions that enable a zero-emission cruise industry.
http://en.portnews.ru/news/274287/
Not much detail on how the Hydrogen will be produced:-
"Tokyo Electric Power Company Holdings Inc.’s thermal power generation unit will team up with a subsidiary of JXTG Holdings Inc. to start producing hydrogen for fuel cell vehicles in 2020."
https://www.japantimes.co.jp/news/2019/03/23/business/corporate-business/tepco-unit-tie-jxtg-hydrogen-production-fuel-cell-vehicles/#.XJYuNyhKjyQ