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
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OCI Global and NuStar Energy sign agreement for ammonia transportation
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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
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OCI’s facility uses ammonia for fertilizer and Diesel Exhaust Fluid production
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Partnership aims to serve agricultural needs by delivering more ammonia for fertilizer and upgraded products
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The project is expected to increase utilization of NuStar’s system in 2024
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OCI commits $30 million in capital expenditures for new ammonia cooling and storage infrastructure
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OCI plans to bring an additional 1.1 million tons of blue ammonia capacity online in 2025 in the Gulf Coast
SUSTAINABILITY
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Enbridge shareholders reject DI Foundation’s resolution for reporting indirect greenhouse gas emissions
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Resolution aimed at annual reporting of indirect emissions associated with oil and gas handled by Enbridge
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Enbridge’s board recommended rejection, with 71% of shareholders voting against it
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Companies face growing pressure to account for emissions beyond those they generate directly
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Enbridge reports some Scope 3 emissions when they can be confidently measured or estimated
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Competitor TC Energy also incompletely reports Scope 3 emissions, while Canadian Natural Resources and Cenovus Energy report them
NATURAL GAS
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Equitrans expects federal agencies to issue required authorizations for $6.6 billion Mountain Valley natural gas pipeline by early summer
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Completion of the project anticipated by the end of 2023, but significant risk and uncertainty remain due to litigation
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Mountain Valley pipeline is key to unlocking more gas supplies from Appalachia, the largest U.S. shale gas basin
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Equitrans waiting for new authorizations from multiple federal agencies
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Equitrans owns about 48.1% of Mountain Valley and will operate it, with the pipeline nearly 94% complete
LNG
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Mexico Pacific to invest up to $14 billion in natural gas pipeline and liquefaction plant in Sonora, Mexico
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Company’s main market for exported liquefied natural gas (LNG) is in Asia
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Mexico Pacific constructing a 14.1 million tonnes per annum LNG export terminal in Puerto Libertad, Sonora
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Mexican President Lopez Obrador announced cooperation agreements with Canadian Pacific Kansas City (CPKC) for rail projects in Mexico’s south
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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
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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.
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The move would make China the only major economy open to fresh requests to add significant new coal-fired capacity.
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India and China account for about 80% of all active coal projects, as most developing nations wind down capacity to meet climate targets.
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The policy revision, if approved, would not impact the 28.2 GW of coal-based power in various stages of construction.
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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.
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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
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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.
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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.
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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.
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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.
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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
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Infinium manufactures a ton of proprietary CO2 conversion catalyst at its West Sacramento facility
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Catalyst is a critical component for creating electrofuels (eFuels), which replace carbon-intensive petroleum products
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Infinium eFuels are made from renewable power-derived green hydrogen and captured carbon dioxide using a proprietary process
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Company will start delivering eFuels to Amazon in 2023 to help decarbonize its middle-mile trucking fleet
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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.