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Showing posts with label Production. Show all posts
Showing posts with label Production. Show all posts

Monday, May 31, 2021

Coronavirus vaccine: Hungary to produce China′s Sinopharm jab

The Hungarian goverment on Monday announced plans to produce the Chinese-developed Sinopharm COVID-19 vaccine locally.

Hungary is the only EU country to inoculate its citizens with the Chinese jab after domestic regulators approved its use.

Speaking in China, Hungarian Foreign Minister Peter Szijjarto said officials would open a planned €157 million ($193 million) vaccine plant in the eastern town of Debrecen.

Read more at Coronavirus digest: Hungary to produce China′s Sinopharm jab | News | DW | 31.05.2021

Sunday, February 21, 2021

Decarbonising Food – Making the case for Green Fertilizers

The fertilizer industry has identified the most promising technologies for making green fertilizers. The challenge is to make the business case for decarbonised products. This can be achieved by driving down the cost and addressing technical challenges on the supply side at the same time creating a market for premium food products with a low-carbon footprint.

Today, 50% of global food production is possible thanks to mineral fertilizers. But its production is energy-intensive, with the production of ammonia being responsible for about 5% of the world gas consumption. To decarbonise this process, the fossil fuels used to produce ammonia (a key component of mineral fertilizers) must be replaced by renewable energy. The so-called green ammonia could help decarbonise food production through low-carbon fertilizer.

Read more at: Decarbonising Food – Making the case for Green Fertilizers – EURACTIV.com

Thursday, February 14, 2019

European Aircraft Industry: Airbus to scrap production of A380 superjumbo around 2021 - by Tim Hepher

Europe's Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

The world's largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing's legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.

Read more at: Airbus to scrap production of A380 superjumbo

Wednesday, September 19, 2018

Colombia: Potential Colombian cocaine production jumps 31 percent

Illegal coca plantations in Colombia reached record levels last year following a 17 percent increase from 2016 to around 423,000 acres (171,000 hectares), the United Nations said on Wednesday.

The UN Office on Crime and Drugs (UNODC) said that translated to a potential 31 percent increase in cocaine production from last year to almost 1,400 tons.

Coca leaf is the primary ingredient in the production of cocaine and current plantations generate 33 percent more leaves than they did in 2012.

"I want to express my deep concern about the amount of money that is moving around illicit drugs," said Bo Mathiasen, the UNODC representative to Colombia, at a press conference in Bogota.

Colombia remains way ahead of the rest of the world in terms of illegal coca plantations, while it is also the top producer of cocaine, much of it destined for the United States, the biggest consumer of the white powder.

Read more: Potential Colombian cocaine production jumps 31 percent | AFP.com

Friday, January 22, 2016

Oil Prices Rebound Above $30. Is A Rally Finally Here?

Oil prices plumbed new lows this week, dropping below $28 per barrel. But oil also closed out the week on a positive note, with huge gains on Thursday and Friday, rallying back above $30 per barrel. The price increase could be a sign that the markets think that oil has been far oversold, that trading this low has been “irrational,” as the head of Saudi Aramco put it this week.

Adding to the upsurge was growing speculation that central banks around the world will take additional action to provide some monetary stimulus amid worrying signs of faltering growth. EU central bank chief Mario Draghi provided the clearest indication yet that his institution may act as soon as March.

It’s a little premature to say a rally is on, but oil prices are going to have to rise at some point with so much production currently underwater. CMC Markets, a UK-based trader, says that $34 is the next resistance point for oil, from a technical perspective. If oil can break above $34 per barrel, then the rally could have some momentum.

At the World Economic Forum in Davos, Nigeria’s oil minister Emmanuel Kachikwu said that he expects oil to rise to $40 by the end of the year. Oil prices could get worse in the short-term, but “the second half of this year holds more promise,” he said.

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