Latest news with #lowcarbonenergy
Yahoo
12 hours ago
- Business
- Yahoo
Global uranium production expected to grow modestly in 2025, due to temporary mine disruptions
After an estimated 12.4% rise in 2024, global uranium production is projected to grow by 2.6% to 62.2 kilotonnes in 2025. Growing global concerns about climate change and the need for low-carbon energy sources, including for power-hungry data centres, have led to renewed interest in nuclear power. However, despite this positive outlook, production growth in 2025 is expected to be moderate due to temporary disruptions at major mines such as Kazakhstan's Inkai deposit. On 1 January 2025, operating activities at the Inkai mine were suspended due to Inkai LLP's failure to secure the requisite approvals from the relevant authorities. This lack of essential permits compelled the company to halt production. Theproduction suspension was subsequently resolved later that month when the necessary paperwork was finalised. However, leading data and analytics company GlobalData anticipates this temporary disruption to result in a 2.5% decline in the country's uranium output in 2025. In Canada, uranium production has been significantly supported by the restart of major mines, including McArthur River. Previously shut down due to low prices and difficult market conditions, these mines have resumed operations and contributed to Canada's position as the second-largest uranium producer, with a 23.4% share of global output in 2024. Meanwhile, Namibia's uranium sector is poised for substantial growth following a period of subdued production. In 2024, production reached 7.1 kilotonnes, driven by the restart of the Langer Heinrich mine. Looking ahead, a 17.5% year-over-year increase is expected in 2025, mainly due to the ramp-up at Langer Heinrich and stable output from Husab and Rossing. Looking ahead, over the forecast period, global uranium production is expected to grow at an 8% compound annual growth rate (CAGR), reaching 91.6 kilotonnes by 2030. Several uranium projects are under development or expansion, particularly in key production regions such as Kazakhstan, Canada, and Australia, positioning the industry for long-term growth as demand for nuclear energy continuesto rise. "Global uranium production expected to grow modestly in 2025, due to temporary mine disruptions" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Sustainability Times
4 days ago
- Business
- Sustainability Times
'This Isn't Investment, It's Invasion': Locals Revolt as Dubai Takes 1 Billion ft³ of U.S. Land to Pump the ‘New Oil'
IN A NUTSHELL 🌍 Adnoc and ExxonMobil have partnered in the Baytown Project to revolutionize low-carbon energy production. and have partnered in the to revolutionize low-carbon energy production. ⚡ The project aims to create the world's largest low-emission hydrogen plant, producing up to 1 billion cubic feet of blue hydrogen daily. daily. 💼 Despite its promise, the project's success depends on political support and government subsidies for blue hydrogen in the U.S. in the U.S. 🔋 If successful, the Baytown Project will contribute to solving the global energy crisis and offer significant local economic benefits. As the world grapples with an unprecedented energy crisis, a groundbreaking partnership has emerged between the Abu Dhabi state oil company, Adnoc, and the American giant ExxonMobil. This billion-dollar collaboration aims to revolutionize the energy landscape by focusing on low-carbon solutions. The partnership's potential impact extends beyond the energy sector, influencing global geopolitics as countries seek alternatives to traditional oil. With a strong commitment to innovation and environmental sustainability, this venture could redefine the future of energy and reshape international alliances in the process. The Baytown Project: A New Era of Energy Production The visionary joint venture between Adnoc and ExxonMobil is known as the Baytown Project. This ambitious initiative aims to establish what could be the largest low-emission hydrogen plant in the world. The project is designed to produce up to 1 billion cubic feet per day of blue hydrogen, a form of hydrogen derived from natural gas with integrated CO₂ capture. This process is critical as it significantly reduces carbon emissions compared to traditional hydrogen production methods. The production of blue hydrogen involves extracting hydrogen not as a liquid but through a refined, technologically advanced process. This clean energy source is poised to power refineries in Europe and energy plants in Japan and Korea. A key goal of the Baytown Project is to capture up to 98% of carbon emissions during production, paving the way for the annual generation of 1 million tons of low-carbon ammonia. This development is significant because ammonia is emerging as a crucial component in the global energy transition. Challenges and Risks: The Political Landscape The Baytown Project, though promising, faces political and economic uncertainties. The United Arab Emirates has invested heavily, securing a 35% stake in the project, centered in the heart of Texas. However, the project's future hinges on the availability of government subsidies for blue hydrogen production in the United States. Despite the absence of clear tax incentives, Adnoc has committed to the project, demonstrating strong confidence in its potential. ExxonMobil, on the other hand, has expressed concerns, even threatening to withdraw by early 2024 if blue hydrogen remains ineligible for tax credits under preliminary US Treasury guidelines. The evolving political climate, particularly after upcoming American elections, could alter this scenario. The project's success depends on navigating these complex political dynamics to secure essential support and funding. Implications for the Global Energy Crisis Despite uncertainties, the Baytown Project represents a pivotal moment in addressing the global energy crisis. Beyond a commercial alliance, the agreement marks a significant step in the internationalization of transitional energies. Adnoc's commitment to achieving zero emissions by 2045 underscores the strategic value of this partnership for the United States. Meanwhile, ExxonMobil solidifies its position as a leader in carbon capture technologies and the development of cleaner, sustainable fuels. The project also promises substantial local benefits, including job creation, economic development, and community support in Texas. If successful, operations are set to begin in 2029, potentially positioning this partnership as the most influential in the world. It could even surpass recent high-profile alliances, such as the one between China and Russia, touted as the most significant of the century. Looking Ahead: A Transformative Partnership The collaboration between Adnoc and ExxonMobil signifies not just a business venture but a transformative step towards sustainable energy solutions. With the potential to redefine low-carbon energy production, this project could lead the way in transitioning to cleaner fuel sources. However, its success will depend on political support, technological advancements, and global cooperation. As the world watches the unfolding of this ambitious initiative, one must ask: Will the Baytown Project become a beacon of innovation and collaboration, leading the charge in solving our energy challenges, or will it succumb to the political and economic hurdles that often accompany such groundbreaking endeavors? This article is based on verified sources and supported by editorial technologies. Did you like it? 4.7/5 (23)
The Guardian
6 days ago
- Politics
- The Guardian
How civil nuclear power funds nuclear weapons
Civil nuclear power is thought to be about providing a low carbon energy alternative to fossil fuels and is seldom connected to nuclear weapons. But the closer you look these two industries are intrinsically linked for nuclear-armed countries. Josh Toussaint-Strauss investigates how the connection between civil nuclear power and nuclear weapons spans decades and continents as well as exposes siphoning of public money and the origins of the Iran nuclear program
Zawya
17-07-2025
- Business
- Zawya
Yinson Production's Titus de Greeff Joins African Energy Week (AEW) 2025 to Discuss Innovative Floating Production Storage and Offloading (FPSO) Solutions
Titus de Greeff, Head of Corporate Finance for Western Hemisphere at Yinson Production, has confirmed his participation as a speaker at African Energy Week (AEW): Invest in African Energies 2025, taking place from September 29 to October 3 in Cape Town. His participation comes as Yinson Production scales up its low-carbon energy solutions and deepens its footprint across Africa's offshore oil and gas sector through innovation, strategic investments and clean technology integration. As Yinson Production continues to expand its footprint across the continent, the company recently made a strategic stopover in Namibia, engaging with regional stakeholders and presenting its sustainability-focused offshore energy solutions. As Namibia rapidly rises as a frontier market for hydrocarbons, Yinson Production's presence underscores its intent to support responsible development through FPSO systems equipped with carbon-reducing technologies. Yinson Production's pioneering efforts are further exemplified by the FPSO Agogo, which will operate offshore Angola has part of the Agogo Integrated West Hub development. The vessel incorporates a suite of low-carbon technologies including a close flare system, hydrocarbon blanketing, combined cycle systems, automated process controls and all-electric drives. These innovations are expected to significantly reduce carbon emissions from FPSO operations and support Yinson Production's target of achieving carbon neutrality by 2030 and net-zero emissions by 2050. The Agogo project will develop two deepwater discoveries – Agogo and Ndungu – in Block 15/06, located approximately 20km west of the operational FPSO N'Goma. This development positions Yinson Productions at the center of Angola's next wave of deepwater growth while reinforcing the company's commitment to cleaner offshore production. Recognizing the importance of carbon capture and storage (CCS) in the global energy transition, Yinson Production has also expanded its decarbonization portfolio through key investments. In 2024, the company acquired Norway-based CCS business Stella Maris and made a strategic investment in Ionada, a technology firm specializing in compact carbon capture systems. These moves reflect Yinson Production's intent to integrate CCS into its FPSO operations and further reduce the environmental footprint of offshore energy projects. 'Yinson Production is redefining what sustainable offshore development looks like, combining cutting-edge FPSO innovation with bold carbon reduction strategies. As Africa advances oil and gas developments – from onshore to shallow water to deepwater – solutions introduced by Yinson Productions will support successful project development,' states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy Chamber. De Greeff's participation at AEW: Invest in African Energies 2025 is set to highlight the company's role as a trailblazer in low-carbon energy, its support for Africa's energy security and its contributions to sustainable oil and gas production. Distributed by APO Group on behalf of African Energy Chamber.
Telegraph
18-06-2025
- Politics
- Telegraph
Labour's nuclear dream has destroyed my home: inside the Sizewell C planning row
Eastbridge, a small Suffolk village two miles inland from the coast, surrounded by marshland, has looked much the same for centuries. Over the past year, however, it has been transformed. Huge swathes of the surrounding countryside have been dug into a strange lunar landscape of sand and soil to make way for construction associated with Sizewell C, including a vast accommodation campus for workers on the outskirts of the village. The scale of the site is only really clear from aerial photographs, which shows a patchwork of grey, orange and brown where there once was lush green. And this is just the beginning. Last week, the Government pledged £14.2 billion for the project at Sizewell, which will eventually provide low-carbon electricity for six million homes for a lifespan of 60 years. The only published overall cost for the scheme was £20 billion in 2020, but it has reportedly now ballooned to over £40 billion. Still a fair price, many argue, for a source of 'clean, homegrown power' – as Ed Miliband says – to future-proof Britain's energy security. Inevitably, however, it has faced fierce opposition from residents in the surrounding area, with some locals arguing the Government hasn't counted the true cost of the lengthy construction period and the damage to the natural landscape and neighbouring communities. Alison Downes, the director of Stop Sizewell C, began campaigning against the project in 2013 on the grounds of the impact on the local area. 'In the early days we were trying to persuade the project to amend its proposal, including the location of the [accommodation] campus at Eastbridge,' she says. 'It was of grave concern that it was proposed for 3,000 people – it's gone down a little bit, but not much.' Then, she says, as she learnt more about the project, 'all these other issues [came] to the fore.' Downes, a career campaigner, has wisely focused on scrutinising Sizewell on issues of national, rather than localised, importance. Stop Sizewell C argues that the project is bad value for money, will be too slow to address climate change (it will take at least 10-12 years to build, according to the EDF), and will ultimately load too much risk onto the taxpayer. Sizewell C is supposed to be built to almost exactly the same specifications as Hinkley Point C – which has spiralled in time and budget – using European pressurised water reactor (EPR) technology. 'It was very clear that the EPR reactor specifically had this terrible track record wherever it's been built,' says Downes. 'The local issues are still of great concern. But the main thrust of our campaign has been about those macro issues in terms of sizes, role in the UK's energy mix, about the sort of unpredictability of the delivery track record, cost over funds and budget, schedule overruns…' For others, the local impact still looms large. Peering through the metal fencing that encircles the 900-acre site are Chris Wilson and Jenny Kirtley, two other residents who have protested against the construction of Sizewell C for more than a decade. They are both part of the Together Against Sizewell C (TASC) group, the other of the local campaign groups. Kirtley, who grew up in nearby Leiston, says the site chosen for the project 'is not fit for purpose,' due to the country roads, the rapidly eroding coastline, and fact that the site is within the Suffolk Coasts and Heaths National Landscape and so should be protected. The RSPB has joined in protesting against the site on the basis of its proximity to the Minsmere nature reserve, saying last year that: 'We believe that wildlife will be damaged during the lengthy construction period and will be in a worse state once development is completed.' Kirtley hoped the change in government would mean a change in approach to the Sizewell C. It was granted planning permission under the Conservative government, by then-business secretary Kwasi Kwarteng, in July 2022 (despite the Examining Authority recommending it not be approved due to water supply and nature concerns). However, no such change has been forthcoming – instead, Labour have doubled down. In the words of Miliband, Secretary of State for Energy Security and Net Zero, Britain will enter a 'new golden age for nuclear' with the 'biggest building programme in a generation'. The scheme will ultimately be paid for by households and businesses through their electricity bills – this includes levies that will begin during the construction phase. 'Some of us have waited years for Labour to get in,' says Kirtley. 'Our last MP [Thérèse Coffey] was really the cause of all this, because she promoted East Anglia as the energy coast. So, I'm afraid Labour will never get in [here] again.' Wilson adds: 'They're just not protecting the area.' Last week's announcement of government funding has not deterred them; TASC have launched a new legal challenge against Sizewell C on the basis that large additional sea defences stretching inland would have to be installed in a 'credible maximum' climate change scenario; these were not included in the project's Development Consent Order (DCO) application and so were not subject to public scrutiny. Wilson's key concern, meanwhile, is the devastation the site would wreak on marine and wildlife, including in the adjacent RSPB Minsmere. TASC has claimed that more than 500m fish could be sucked into the new power station's cooling system if construction goes ahead. (The Government's Centre for Environment, Fisheries and Aquaculture Science (Cefas) has said the fish mortality rates caused by Sizewell C would be 'sustainable'.) When the site was approved, Wilson says, 'it was an ideological thing that just overrode all the environmental damage.' If it goes ahead, he says he will move. 'I just couldn't cope with seeing everything ripped up. I've been retired for 10 or 12 years now, and I've spent a lot of that retirement just fighting Sizewell C. I don't want to spend the last 10 years of my life just watching the destruction.' In the late 1980s and early 1990s, Kirtley also campaigned against neighbouring Sizewell B, and says it turned the next town over, Leiston, into an 'absolute nightmare' as the traffic worsened and an influx of temporary workers pushed prices up and caused trouble in the pubs. 'We went to visit two years into the build of Hinkley Point C, and you have no idea what the traffic was like,' says Kirtley. 'And Hinkley's feeder town is Bridgwater, which has a population of 50-60,000 – we've got 6,000 here in Leiston, and they are already struggling.' These concerns are borne out in the town centre. One young couple in Leiston say 'rent has doubled, or even tripled'. At the time of writing, family homes were listed online for £3,000-£4,000 a month. Nick Darcy, a pub landlord, also remembers the problems Sizewell B caused. 'They tell us that 'it'll be great for business,' but it's not,' he says. 'All that will happen is loads of contractors will come out, and we'll make marginally more money for about 70 per cent more hassle.' During the construction of Sizewell B, he explains, the town was a 'war zone' as locals clashed with out-of-town contractors and fights in the pubs were commonplace. Moreover, he argues the impact – both on traffic and the local environment – has already proved to be greater than the last time. 'A local ex-MP came in with leaflets against Sizewell C a couple of years ago, and I said, 'I run a bar in a nuclear town, that relies on nuclear business,' and wouldn't hear anything against it,' he continues. 'But now seeing them digging out my entire town in the process, my attitude has done a complete 180.' One of his patrons, who introduces himself as Terry, agrees. 'I helped build Sizewell B,' he says. 'This time, they've destroyed the place, ripped all the trees down. It's heartbreaking.' He recognises, however, that there are 'two sides to the story.' The other side, apart from the energy the new nuclear station will provide, is the jobs and opportunities Sizewell C says it will bring to the area. Last month, Sizewell C announced it would build a new post-16 college in the area, due to open in 2027; it has also pledged to deliver 500 jobs for people in Ipswich and 500 jobs for people in Lowestoft. However, critics argue that roughly half of the site's staff – and a much higher proportion of those in highly skilled roles – will be directly transplanted from its sister project at Hinkley Point. Downes describes the government's funding announcement as a 'massive blow.' Still, however, she hasn't given up on campaigning for the project to be dropped entirely. 'There are so many uncertainties down the line,' she says. 'Basically, it isn't over 'til it's over.'
