Commodities
Marathon to invest in ADM’s soybean facility
(Posted on 23/08/21)Marathon Petroleum Corp and ADM have announced an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. Under the terms of the agreement, the joint venture will own and operate ADM’s previously announced soybean processing complex in Spiritwood, North...
Hill Dickinson consolidates commodities expertise
(Posted on 20/08/21)Maritime law specialist Hill Dickinson has boosted its commodities expertise in Asia and the Far East with the hire of a trade finance and further commodities expert to its Singapore office, consolidating its position as the market leader in commodities law.Devottam Sengupta (Dev) joins the firm as partner, bringing with him significant...
NGFA commends US Senate for infrastructure deal
(Posted on 12/08/21)The USA’a National Grain and Feed Association (NGFA) has commended Senate lawmakers for passing with a 69-30 vote, the Infrastructure Investment and Jobs Act (H.R. 3684), which provides much-needed investments to modernise the U.S. transportation system.The NGFA, established in 1896, consists of grain, feed, processing, exporting...
BHP revs into Komatsu's GHG Alliance
(Posted on 09/08/21)To accelerate its push to become a net-zero operator by 2050, BHP will become a founding member of Komatsu’s GHG Alliance, which aims to develop commercially viable zero-greenhouse gas emissions haul trucks.As a founding partner of the Alliance, BHP plans to operate one of the first batches of zero-emission trucks upon commercial...
Coal significant in energy transition say German importers
(Posted on 04/08/21)The VDKi (Verein der Kohlenimporteure), which represents the interests of the imported hard coal market in Germany, has released a statement confirming that the first half of 2021 shows hard coal continuing to make an important and reliable contribution to electricity generation despite the sealed coal phase-out. The volume of electricity...
thyssenkrupp sells mining business to FLSmidth
(Posted on 29/07/21)thyssenkrupp has announced the sale of its Mining Technologies business unit to the Danish company FLSmidth, thus reaching a further important milestone in the initiated realignment of the group. The enterprise value is EUR 325 million. The transaction is subject to competition authority approval. The closing of the transaction...
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