Industry Networker

05/09/2023

Secure your complimentary visitor pass for ADIPEC 2023 (Adipec Official), and be part of the conversation on the future of energy 👇
ADNOC Group

03/08/2023

The global energy storage market is to grow 15-fold by 2030, according to a recent forecast from leading research company BloombergNEF (BNEF), whose analysts predict that more ambitious policies in the US and Europe will drive a 13% increase in forecast capacity versus previous estimates.

Some of the most salient facts from the study👇:

⚡ An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022–2030 – that's more than Japan’s entire power generation capacity amounted to in 2020.

⚡The US and China are set to remain the two largest markets (together making up over half of global storage installations by the end of the decade), although Europe is catching up with a significant ramp-up in capacity fuelled by the recent energy crisis.

⚡Russia’s invasion of Ukraine has had a clear impact on energy storage deployments in Europe, with the record electricity prices over the winter forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

⚡While scale-up of global energy storage capacity is imminent, supply chain constraints (inflation, high transport costs and raw material prices making battery production more expensive) could slow additions. Meanwhile, projects face long lead times to finance, develop and commission. This means that scaling up for a market expected to add almost 11 times more gigawatt-hours in 2030 than 2021 will certainly come with challenges.

⚡Rapidly evolving battery technology is driving the energy storage market. Lithium-ion batteries account for the majority of installations at present, but many non-battery technologies (including compressed air and thermal energy storage) are under development. And if this new tech can successfully outcompete li-ion, then total energy storage uptake may well be larger.

Full article here: https://www.industry-networker.com/feature-stories/much-more-in-store-%E2%80%93-a-stronger-outlook-for-the-global-energy-storage-market

The global energy storage market is to grow 15-fold by 2030, according to the latest forecast from research company BloombergNEF (BNEF), with more ambitious policies in the US and Europe driving a 13-per-cent increase in forecast capacity versus previous estimates.

01/08/2023

💚 Fortescue, Primetals Technologies and voestalpine have joined forces to jointly evaluate a ground-breaking green iron-making plant in Austria.

The new iron-making process will be based on Primetals Technologies’ HYFOR solution (the world’s first direct reduction process for iron ore fines that requires no sintering or pelletising), alongside the firm's new smelter technology (a furnace powered by electrical energy).

Based on the innovative net-zero-emission iron-making process and technology, the new partnership aims to design and engineer an industrial-scale prototype plant at voestalpine's site in Linz, Austria.

Hydrogen used in the new plant will come predominantly from Verbund AG, Austria’s leading renewable energy producer. Located in Linz, this 6MW+ capacity facility is the world’s largest of its kind used at a steel plant.

Get the full story – with insights from Dr. Alexander Fleischanderl (Senior VP and Head of Green Steel at Primetals Technologies), Mark Hutchinson (CEO of Fortescue Future Industries) and voestalpine's Hubert Zajicek – here:

https://www.industry-networker.com/feature-stories/ground-breaking-iron-making%3A-a-pioneering-new-project-in-net-zero-emission-production

Fortescue, Primetals Technologies, and voestalpine have joined forces to jointly evaluate a ground-breaking green iron-making plant.

28/06/2023

💚 Congratulations to Neste – the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel – on the opening of its major Singapore expansion, and also on the establishment of an SAF supply chain to Changi Airport.

The start-up of the €1.6 billion Singapore Expansion project refinery expansion was completed back in mid-April, and the facility’s opening was officially celebrated at a recent event. The expansion doubles Neste’s production capacity in Singapore and brings the refinery’s total capacity to 2.6 million tons annually (of which up to one million tons can be sustainable aviation fuel), while enhanced raw material pre-treatment capacity onsite also boosts Neste’s capability to process more challenging waste and residue raw materials.

In addition, Neste reported that it has now established an integrated SAF supply chain to Singapore Changi Airport – a leading hub for the Asia-Pacific region – as the aviation industry globally sets it sights on achieving the goal of net-zero emissions by 2050.

https://www.industry-networker.com/news-story/neste-completes-%E2%82%AC1.6bn-singapore-expansion%2C-brings-green-aviation-fuel-to-changi-airport

Changi Airport Neste Lietuva

Neste – the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel – celebrates the opening of its Singapore expansion and establishes an SAF supply chain to Changi Airport.

31/05/2023

📢 The first video preview of Resourcing Tomorrow is out!

Europe's largest mining, energy and resources event returns to London's Business Design Centre from 28–30 November 2023.

Representing an unparalleled opportunity for all organisations seeking engagement with mining, energy and resources, Resourcing Tomorrow is set to bring together 2,000+ key players from mining and energy companies, investors, brokers and exchanges, educators, government, regulators, suppliers and operators from around the world to benefit from insightful content, grow relationships and do business.

https://www.youtube.com/watch?v=pQwRfqruIOU




Beacon Events

Resourcing Tomorrow focuses on accelerating the energy transition. It will examine the current and future economic and social dependence on resources, consid...

14/04/2023

💚 Congratulations to Neste and Ryanair on expanding their collaboration to enable Ryanair to power its full schedule of flights from Amsterdam Airport Schiphol with a 40% blend of Neste's MY Sustainable Aviation Fuel.

Produced from used cooking oil and animal fat waste, Neste MY Sustainable Aviation Fuel is blended with conventional jet fuel before use and works seamlessly with existing aircraft engines and fuelling infrastructure. A more sustainable alternative to conventional fossil jet fuel, Neste’s innovative fuel reduces greenhouse gas emissions by up to 80% over the fuel’s life cycle when compared to using fossil jet fuel.

Boosting the use of SAF is a "fundamental pillar" of Ryanair's decarbonisation strategy, and this increase at Amsterdam Schipol will reduce GHG emissions of the airline's flights from there by 32%, according to Thomas Fowler, Director of Sustainability at Ryanair. “We look forward to continuing our growing partnership with Neste as we further progress our goal of operating 12.5 per cent of Ryanair flights with SAF by 2030,” he said.

Alexander Kueper, VP (EMEA) from the Renewable Aviation business unit at Neste, stressed that decarbonising aviation is “more important than ever”, and that his company was proud to support Ryanair in achieving their ambitious Pathway to Net Zero by 2050.

The world’s leading producer of sustainable aviation fuel, Neste is currently increasing its annual SAF production capability to 1.5 million tons per annum by the end of 2023, with on-going investments at its refineries in Singapore and Rotterdam. The firm’s SAF is available to airlines at a growing number of airports across Europe.

https://tinyurl.com/wszzw5uu

Neste and Ryanair have expanded their collaboration to enable Ryanair to power its full schedule of flights from Amsterdam Airport Schiphol with a 40-per-cent blend of Neste MY Sustainable Aviation Fuel from 1 April onwards.

13/04/2023

PUB, Singapore's National Water Agency, has announced a partnership with SP Group to participate in the Energy Market Authority (EMA)’s Demand Response (DR) and Interruptible Load (IL) programmes, making it the first government agency to do so.

The programmes enable organisations to optimise their energy consumption. As a participant, PUB commits to voluntarily reduce its energy use or temporarily shift electricity usage during periods of peak usage, or when supply from renewable energy sources is intermittent. This will help balance electricity demand and supply on the national power grid at critical times, while facilitating the integration of more renewables.

Mr Shih Chun Ngiam, Chief Executive of the EMA, said his organisation welcomed the PUB–SP Group collaboration and their participation in EMA’s Demand Response and Interruptible Load programmes. “As we transform our energy sector to be more sustainable, it is also important that consumers are empowered to optimise and reduce their electricity consumption, in exchange for a share of the system-wide benefits. We encourage more consumers to come onboard the programmes and enjoy these benefits.”

https://www.industry-networker.com/news-story/pub-becomes-first-government-agency-to-join-singapore%E2%80%99s-energy-demand-response-programme

National Water Agency PUB has announced a partnership with SP Group (SP) to participate in the Energy Market Authority (EMA)’s Demand Response (DR) and Interruptible Load (IL) programmes, making it the first government agency to do so.

13/04/2023

Congrats to Inna Braverman – Founder and CEO of leading onshore wave energy technology company Eco Wave Power – on receiving a prestigious accolade for women who have achieved a scientific or hi-tech related breakthrough. The Manufacturers Association of Israel (MAI) and the Israel High-Tech Association (IHA) issued the award during the Women CEO Summit at the Israeli Stock Exchange.

Eco Wave Power’s CEO said that she was “very grateful” to receive the prestigious honour. “Being a young woman in the energy field and developing an innovative wave energy technology has not always been an easy road, but your support and moments like this are what makes it all worthwhile,” said Ms. Braverman, who founded Eco Wave Power in 2011 and has since taken the company from a startup to a NASDAQ-listed company. “Thank you for supporting Eco Wave Power’s mission of changing the world, one wave at a time. I always say that passion is the greatest renewable energy source, and it is even stronger than the power of the waves. Keep believing!”

https://www.industry-networker.com/news-story/eco-wave-power%E2%80%99s-ceo-wins-award-for-women-making-breakthrough-in-hi-tech-industry

Inna Braverman, Founder and CEO of leading onshore wave energy technology company Eco Wave Power, has been awarded a prestigious accolade for women who have achieved a scientific or hi-tech related breakthrough. The Israeli Manufacturers Association (IMA) and Israel High-Tech Assoc...

30/03/2023

⭐ The ADIPEC Downstream Technical Conference Call for Papers is now open!

Adipec Official's Downstream Technical Conference promotes the exchange of best practice, drives innovation, and unlocks market opportunities for investment and growth. Moreover, the leading conference supports refining and petrochemical operators navigate shifting energy demand through collaboration and partnerships.

🔗 Submit your abstracts for the opportunity to present your knowledge and expertise to potential clients and peers from around the world.

Click here to submit: bit.ly/40pdms6

Adipec Official Energy Portfolio - dmg events

09/03/2023

E80 Group spa, the Italy-headquartered multinational specialised in the development of tailored intralogistics solutions for FMCG factories and distribution centres has acquired ERMES-X, which is active in the development and supply of software applications linked to the world of logistics and industrial automation.

Founded by Matteo Colonna, Davide Croci and Eglis Mella during their university studies at Politecnico of Milan and Bocconi University, ERMES-X stood out thanks to the firm’s ability to develop innovative software solutions by using operative search algorithms and artificial intelligence.

The ERMES-X team supports the development of SM.I.LE80 (Smart Integrated Logistics), the E80 Group software platform for the optimal running of logistics operations, from the inbound of raw materials to the complete warehouse and shipments management, interacting with the ERP management program of the customers’ factories, ensuring traceability, efficiency and safety inside smart factories.

In a statement, E80 said: "The acquisition of ERMES-X is another important step forward for E80 Group as part of its strategy to invest in talent, technological development, while sharing new skills and – above all – fostering the concept of a short supply chain that has always distinguished the Group's vision."

https://www.industry-networker.com/news-story/intralogistics-multinational-e80-group-acquires-software-startup-ermes-x

E80 Group, the Italy-based multinational specialised in the development of tailored intralogistics solutions for FMCG factories and distribution centres has acquired ERMES-X, which is active in the development and supply of software applications linked to the world of logistics and...

08/03/2023

Airbus subsidiary AALTO HAPS, which provides services from its stratospheric ‘Zephyr’ solar-powered aircraft for Mobile Connectivity, Platform Mobility, Earth Observation, and Government applications, has signed an MoU to enter a strategic partnership with stc Group – the Saudi digital enabler in the region – to partner on introducing HAPS (high-altitude platform systems)-based solutions to the Kingdom.

stc Group will have access to AALTO’s solutions, when the company rolls out commercial services by the end of 2024. Those solutions will enable stc to expand its geographical coverage to rural and remote areas currently unconnected, improving the service quality. In addition, HAPS solutions can serve to augment coverage during critical events and can be deployed quickly and easily in case of natural disasters.

The solar-powered Zephyr aircraft (pictured) flies in the stratosphere, above conventional air traffic, and provides low-latency, direct-to-device 4G/5G services, acting as a ‘tower in the sky’ with the capability to complement terrestrial networks.

https://www.industry-networker.com/news-story/new-aalto-haps-partnership-will-bring-stratospheric-connectivity-solutions-to-saudi-arabia

Airbus subsidiary AALTO HAPS, which provides services from its stratospheric ‘Zephyr’ solar-powered aircraft for Mobile Connectivity, Platform Mobility, Earth Observation, and Government applications, has signed an MoU to enter a strategic partnership with stc Group – the Sau...

03/03/2023

Leading technology group Wärtsilä Energy will supply a 200MW / 400MWh energy storage system to Zenobe – an electric vehicle fleet and battery storage specialist – in Blackhillock, Scotland. The project will be a world-first in delivering stability services using a transmission-connected battery. https://tinyurl.com/rkru8crx

The pioneering energy storage system (ESS) will be one of the UK’s largest, and will support the country’s transition to a zero-carbon energy network by preparing the grid for an increased supply of renewable energy.

"This is a first-of-its-kind project that will help balance the UK grid as it targets 100% renewable energy generation,” said Andrew Tang, Vice President, Energy Storage & Optimisation at Wärtsilä. “Energy storage is playing a critical role in delivering a stable supply of electricity during the global transition to renewable energy."

Semih Oztreves, Director of Network Infrastructure at Zenobē, further noted: "The battery at Blackhillock brings together the very latest in grid-scale battery technology that will be crucial to lower consumer bills and enable more renewable energy onto the grid. With Wärtsilä and other project partners, we look forward to delivering this significant grid infrastructure project that will be an important milestone in the UK’s net-zero transition."




Wärtsilä Energy Wärtsilä Corporation

Leading technology group Wärtsilä will supply a 200MW / 400MWh energy storage system under an Engineered Equipment Delivery contract to Zenobē – an electric vehicle fleet and battery storage specialist – in Blackhillock, Scotland. The project will be a world-first in deliver...

01/03/2023

Join 750+ exhibiting companies at Gastech Exhibition & Conference 2023 in September!

With 6 months to go, stand space at the Gastech Exhibition – spanning 6 halls at Singapore EXPO – is filling up fast. The latest companies to book a stand at the premier energy event include APERAM, bp, Glenfarne Group, Höegh LNG, Mitsubishi Corporation, Sempra Infrastructure, SLB, Stirling Cryogenics, TotalEnergies, and many more.

The Gastech Exhibition – taking place in Singapore, from 5-8 September – will provide space for 750+ international exhibitors to showcase the value that they can bring to the energy industry, and demonstrate the latest innovations and technologies from across the value chain.

Book your exhibition stand today: https://www.gastechevent.com/forms/book-a-stand/




Energy Portfolio - dmg events

01/03/2023

OFSEC - Oman Fire, Safety and Security Event – the Sultanate's only comprehensive summit and expo dedicated to fire, safety and security solutions – returns to Oman Convention & Exhibition Centre in Muscat for its seventh edition from 9–10 October 2023.

The premier show returns at a time when dynamic economic and infrastructure development in Oman and the wider region has made the Middle East the most vibrant safety and security market in the world, with a growth rate of over 10% annually in such solutions since 2012, according to research by G4S.

The two-day OFSEC exhibition will attract participation from a large number of exhibitors and representation from 30+ countries, showcasing an array of new products and services to trade visitors and potential buyers from the region and beyond.

Meanwhile, the OFSEC summit will feature an expansive line-up of stellar speakers, case studies, panel discussions, unique presentations providing access to a wealth of industry leading knowledge, sharing best practices and experiences, spotlighting trends, information exchange, insights and outlooks with actionable takeaways.

https://tinyurl.com/29552em6

OFSEC - Oman Fire, Safety and Security Event Muscat Expo LLC

OFSEC – Oman’s only and most comprehensive summit and expo dedicated to fire, safety and security solutions – returns to the Sultanate for its seventh editions from 9–10 October 2023.

01/03/2023

Baynouna Solar Energy Company (BSCE) – a joint venture between the UAE's world-leading renewable energy company Masdar, and Finnish investment and asset management group Taaleri – has announced the formal inauguration of the 200-megawatt Baynouna Solar Park – the largest clean energy project in Jordan.

Already operating another project in Jordan since 2015 – the 117MW Tafila Wind Farm (the first commercial utility-scale wind project in the Middle East) – Masdar currently helps the country produce 29% of its electricity from renewable sources, and with the major new solar project will support Jordan's goal of increasing that to 50% by the end of the decade.

Developed through a power purchase agreement between Masdar and National Electric Power Company - NEPCO Jordan – the country's state electricity provider – Baynouna Solar Park will produce over 560 gigawatt-hours (GWh) of energy annually, enough to power 160,000 homes. The plant will also displace 360,000 tonnes of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.

https://www.industry-networker.com/news-story/masdar-inaugurates-200mw-baynouna-solar-park-%E2%80%93-jordan%E2%80%99s-largest-clean-energy-project

Baynouna Solar Energy Company (BSCE) – a joint venture between the UAE's world-leading renewable energy company Masdar, and Finnish investment and asset management group Taaleri – has announced the formal inauguration of the 200-megawatt (MW) Baynouna Solar Park – the largest...

28/02/2023

We're attending Mines and Money Connect London – Europe's top mining investment event – in April. Join us! 👇

Mines and Money Connect London is back from 25 – 26 April 2023 after high demand since the knockout success in May 2022. This event brings together 500+ attendees, including 80+ mining companies, 400+ investors, and industry service providers, for two days of networking, high-class content, and bu...

28/02/2023

Industry Networker is proud to partner this year's Mines and Money Connect London.

Held from 25–26 April 2023, Europe's premier mining investment event brings together 500+ attendees, including 70+ mining companies, 400+ investors, and an array of industry service providers for two days of networking, high-class content, and valuable business meetings.

Use our code IN10 for 10% off your pass.
Register here: https://minesandmoney.com/connect/

24/02/2023

Will Nigeria’s elections finally herald economic and political change? FocusEconomics shares its forecast below... 👇

"Nigeria has immense economic potential. It boasts a huge and fast-growing consumer market; the population – already the largest in Africa – is forecast to reach over 240m by 2027. The country is also a major oil producer, with 37bn barrels in proven crude reserves. And it has a burgeoning entrepreneurial scene; Nigeria is home to the most start-ups in Africa, with particular strength in the fintech space.

"But that potential is far from evident in recent economic performance. During incumbent president Muhammadu Buhari’s eight years in office, GDP growth has averaged a measly 1.1% – far below the rate of population growth – the public debt-to-GDP ratio has nearly doubled, inflation has soared and the currency has tumbled. Infrastructure underinvestment is chronic, and insecurity and graft are rife; a significant chunk of oil produced is plundered before it can reach customers.

"General elections on 25 February offer a chance for change. A record number of people have registered to vote, 40% of whom are younger than 35. Many young people are pinning their hopes on Peter Obi. Running as an anti-establishment, anti-corruption candidate, Obi represents neither of the two parties which have dominated Nigerian politics since the 1999 return to democracy.

"An Obi presidency would be the most likely to mark a break with politics-as-usual and usher in badly needed economic reforms. Yet his winning the elections still seems a long shot; Obi’s Labor Party lacks territorial organisation and traction outside major cities. And even if he wins, economic challenges and political resistance to change will be immense. Victory for an establishment party candidate could still lead to changes: given the gapinf fiscal deficit, steps to reduce fuel subsidies, lessen FX distortions and boost the oil sector would all be on the cards regardless of the next president.

"The Consensus Forecast from analysts at Focus Economics is for Nigeria's GDP to expand by over 3% annually on average in 2023–2027. This would mark an improvement from Buhari’s time in office, with activity supported by the imminent inauguration of a key oil refinery and the beneficial effects of the recent African Continental Free Trade Area. But growth is still seen below the regional average. For the foreseeable future, the economy’s potential is expected to remain untapped."

As the EIU notes: "Pervasive instability, corruption, high inflation, a lack of formal land titling, exchange-rate instability and a giant infrastructure gap will prevent greater dynamism.”

For more insight on Nigeria's elections, go to: https://www.focus-economics.com/countries/nigeria/news/politics/nigeria-to-hold-first-three-way-general-elections-since-1999-on-25-february

Nigeria to hold first three-way general elections since 1999 on 25 february