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29. January. 2010
Alayam Newspaper
According to the Gulf petrochemicals Industries Co. (GPIC) that inaugurate project of carbon dioxide gas extraction by Prime Minister Counsellor h.h. the Issa Al-Khalifa on 24 December, will enable the company to restore 450 tons of carbon dioxide gas instead of discharged into the air, it is the first of its kind in the Middle East.In addition, the unit will assist in increasing the production of methanol plant about 120 tonnes per day, & urea plant production about 80 tons per day.
In addition to important industrial productivity, this project represents environmentally significant event as adopt voluntarily modern technology to maintain working environment while exploits the better exploitation of raw materials in an effective balance & contributes strongly to show a civilized of industrial enterprises which enjoy the effectively of national economy in Bahrain.
28. january. 2010
Argaam
Revealed by Abdullah bin Hamad Al-Attiyah, Deputy Premier, & Minister of energy and industry about putting some investment projects during the year after delayed due to the global crisis, and after low cost compared with before the crisis, and expected to revert the global economy its highlighted results which were before global crisis.
He said the investment projects did not stop with Qatar during last year despite difficult financial circumstances that has been in the global economy, including "QAPCO" 6 & QAPCO in addition to other projects in the energy sector, noting that Qatar preparing to launch "Brazen" project during the year in addition to signing an agreement with ExxonMobil to create largest ethylene "Cracker" in world with production capacity million and 600 thousand tons a year.
Deputy Prime Minister consider "draft shell & ORYX-GTL" the most important step towards increasing global demands of clean energy, as well as to make Doha, capital of the world in GTL.
He noted that Qatar 2010 projects Conference is a unique opportunity to discuss the business of investment opportunities to benefit from significant economic boom in Qatar.
he adding: "the hydrocarbon sector remained strong & focus on the achievement of strategic projects that addressed the importance of maintaining cash flows to the State". He said the investment market in Qatar, like other areas has the special nature of opportunities and challenges in order to succeed we need to understand it fully until it becomes possible to take advantage of opportunities and overcome challenges.
He said that in the Qatar made great efforts to export capacity-building of gas we also work to develop global projects in manufacturing, continued the implementation of ambitious plans to increase production of Qatar petrochemical to 19 million tons per year by 2012.
25. January. 2010
Reuters
Brazilian mining giant Vale said on Friday it plans to expand its fertilizer business with a $3.8 billion takeover of Bunge assets in the country, making its largest bet so far on a surge in demand for potash as global food consumption grows.
Vale is in talks to buy Bunge's 42.3 percent stake in fertilizer company Fosfertil, phosphate mines and manufacturing plants. The purchase would add to the company's $857 million purchase of potash projects in Canada and Argentina last year from Rio Tinto Plc.
The deal would mark Vale's biggest acquisition since its $18.2 billion takeover of Canada's Inco in 2006 as it sought to expand into nickel production.
Vale's bid is the latest sign of growing interest in the global fertilizer business that has seen a spate of merger and acquisition activity in recent months, including a battle for Terra Industries Inc.
"Fosfertil is an asset that shows Vale's interest in becoming big in fertilizers," said Pedro Galdi, an analyst at brokerage SLW in Sao Paulo.
Vale's shares dipped 0.5 percent to 46.14 reais in early afternoon trade, while Fosfertil shares surged 8.4 percent to 21.89 reais. Bunge's stock jumped 3 percent to $70.17 in New York.
Vale, the world's largest iron ore producer and exporter, has said it is interested in strategic acquisitions in the fertilizer sector. It was reported to have been in talks that ultimately failed last year to acquire U.S. potash producer Mosaic.
The Rio de Janeiro-based company has said its growing bets on fertilizer are part of a strategy to benefit from rising global food consumption and agriculture output in South America and Asia.
Vale is developing a world class potash deposit in northeastern Brazil and has set aside $479 million to bring its Bayovar project in Peru online this year.
The company, which had sold a stake in Fosfertil to Bunge for $84 million in 2003, said it can use similar types of technology to extract potash and other minerals for fertilizers as it also employs to mine for iron ore.
Fosfertil is Brazil's main provider of raw materials for fertilizer producers and mixers and is an important part of the country's agricultural sector, a linchpin of Latin America's largest economy.
The news of Bunge's potential exit from Fosfertil comes as the government is attempting to reform the country's mining regulations to increase federal taxes and royalties from the sector and stimulate domestic fertilizer production.
23. January. 2010
Reuters
China, the world's largest grain producer and top consumer of fertilizers, should reduce its reliance on chemical fertilizers by as much as 50 percent because excessive use has resulted in serious pollution, according to a research report.
"Not many people are aware that agriculture is the largest polluter in China, which should be a subject for serious concern," said Wen Tiejun, head of the School of Agricultural Economics and Rural Development, Renmin University of China.
Chemical fertilizers had helped China, the world's most populous country, to feed its population despite limited farmland, but excessive application had led to low farmland efficiency and serious pollution, according to a research report issued by the school and Greenpeace on Thursday.
The report said farmers, particularly in northern China, used 40 percent more fertilizers than crops needed, resulting in about 10 million tons of fertilizer every year being discharged into water, polluting China's rivers and lakes.
China produced 24 percent of the world's total grain output, but its use of fertilizer accounted for about 35 percent of total global consumption. China's grain production had increased more than eight-fold from the 1960s, while use of nitrogen fertilizers had surged by about 55 times, the report said.
It also urged the government to reduce subsidies to fertilizer makers and called for more support for farmers who use animal waste.
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