December 31

Goldman Sachs: Coal construction in Western Europe is over

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Western Europe may already have built its last coal power plant as governments everywhere crack down on greenhouse-gas pollution.That’s the view of Gonzalo Garcia, the global co-head of natural resources at Goldman Sachs Group Inc. While U.S. President Donald Trump is seeking to revive the industry, politicians across Europe are working hard to stop using the dirtiest fossil fuel.German Chancellor Angela Merkel has named a panel of lawmakers from the main political parties to consider when the nation can close its last coal plant. The U.K. has vowed to do so by 2025. And financiers, notably Standard Chartered Plc earlier this week, are getting cold feet about writing loans for new coal plants.“I personally believe that we’re not going to see a new coal plant being built in western Europe ever again,” Garcia said at a conference in Oslo on Wednesday. “It will be very challenging in most OECD countries to build new coal plants. It’s going to become increasingly expensive.”The coal plants that remain open are becoming more expensive to run. Coal for delivery in Rotterdam is approaching $100 a ton, its highest in five years, and the cost of carbon emissions allowances is near the most it’s been in a decade.“It’s going to become increasingly more controversial to keep burning coal,” Garcia said. “So there’s no question the big loser is going to be coal.”More: Goldman says Europe may have built its last coal power plant Goldman Sachs: Coal construction in Western Europe is overlast_img read more

September 28

Mobile Pulley Works to Equip CSD General MacArthur

first_imgArtist’s rendition of the CSD General MacArthur (Callan Marine photo)Mobile Pulley Works (MPW) of Mobile (Alabama), USA, has been awarded an important new contract by BEAN Coastal LLC, a subsidiary of Callan Marine Ltd from Galveston (Texas).MPW Owner, Billy Prine said that the contract includes the design, construction, delivery and installation of the complete dredging equipment package for a new powerful cutter suction dredger (CSD), which, when completed, will be one of their newest major assets within its dredging fleet.This new CSD, which will carry the name “General MacArthur”, will have a total installed power of 24,000 HP (approx. 18,000 kW) and the diameter of its discharge pipe will be 31.5 inch. (approx. 800 mm).Robert Jonk, Vice President of Sales at MPW, has announced that MPW’s delivery includes all major dredging components, such as the cutter ladder, A-frame, suction and discharge pipeline, gate valves, submerge dredge pump, two onboard dredge pumps, 5 and 6 blade cutters, christmas tree, anchorboom system and spud carrier installation.The latest innovations will be incorporated in the design of these components, which will be cast, machined and constructed at one of the facilities of MPW in Mobile.In addition to the equipment for the CSD itself, MPW will also deliver the ball joints and pontoons for the floating discharge pipeline.last_img read more