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From there, the carbon can either be moved directly to permanent underground storage or it can be used in another industrial purpose first, variations that are respectively called carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS). Another form of carbon capture is direct air capture (DAC), in which carbon emissions are captured from the air. REUTERS/David Stanway/File Photo Acquire Licensing RightsOne stumbling block to rapid deployment of carbon capture technology is cost. Countries including the U.S. have rolled out public subsidies for carbon capture projects. The Inflation Reduction Act, passed in 2022, offers a $50 tax credit per metric ton of carbon captured for CCUS and $85 per metric ton captured for CCS, and $180 per metric ton captured through DAC.

Persons: David Stanway, Benjamin Longstreth, Petra Nova, Simone Stewart, Stewart, Leah Douglas, Marguerita Choy Organizations: 28th United, United, United Arab Emirates, CCS, Global CCS Institute, Drillers, International Energy Agency, REUTERS, U.S, CCUS, DAC, Task Force, U.S . Department of Energy, Navigator, U.S ., National Wildlife Federation, Thomson Locations: 28th United Nations, United Arab, U.S, Norway, Iceland, China, Canada, Qatar, Australia, Texas, Louisiana, Wuhu, Anhui province, North America, East Africa, U.S . Midwest

☆ Trump Focuses on Iowa as He Looks to Close Out the Republican Race
▼ + stars: | 2023-11-18 | by ( Michael Gold | More About Michael Gold | ) www.nytimes.com time to read: +1 min

But speaking in Fort Dodge, Mr. Trump projected confidence. Mr. Trump suggested that those funds alone should secure him a win in January. “My guys say: ‘Please, sir, don’t take it for granted that you’re going to win Iowa. It doesn’t sound good,’” Mr. Trump told the crowd. I got them $28 billion.

Persons: Trump, ”, “, ” Mr, you’re, ’ Organizations: Iowa Locations: Fort Dodge, Iowa, China

☆ Stock market winners and losers are already emerging from the next extreme weather cycle
▼ + stars: | 2023-11-14 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The market is beginning to price in the effect of the new El Niño weather pattern, Morgan Stanley said. Mentions of "El Niño" in earnings conference calls have also been on the rise. That's because the upcoming El Niño phenomenon has come into clearer focus, allowing Wall Street to predict who the top winners and losers could be. "Extreme weather events are broadening and strengthening," Morgan Stanley analysts led by Javier Martinez de Olcoz wrote in a note issued Tuesday. On the flip side, insurance stocks as well as Brazilian sugar and ethanol producers trading way higher.

Persons: Morgan Stanley, It's, —, Javier Martinez de Olcoz, El Niño, Mor, Niño Organizations: Service, El, El Niño Bloomberg Locations: Panama, El, America, Southern California, United States, Australia

Biden sought to kickstart SAF production with a $1.25 per gallon production tax credit in the IRA. To be eligible for the credit, SAF producers must demonstrate their fuel is 50% lower in emissions than conventional jet fuel. The DOE spokesperson confirmed that ethanol producers must cut emissions of they want a long-term role in SAF production. Still, ethanol producers need carbon pipelines because many ethanol plants are not near geologically appropriate underground storage sites. Other options for reducing ethanol's carbon intensity include using renewable energy at ethanol plants, or climate-friendly farming practices for corn.

Persons: Tom Mihalek, Valero, Joe Biden's, Homer Bhullar, Biden, MARK, Barry Glickman, Nikita Pavlenko, Pavlenko, Leah Douglas, Laura Sanicola, David Gregorio Our Organizations: Eco Energy, REUTERS, Rights, SAF, U.S, Carbon Solutions, Valero Energy, U.S . Department of Energy, DOE, Honeywell, Biofuels, Growth Energy, Navigator, CCS, International Council, Clean Transportation, Thomson Locations: Philadelphia , Pennsylvania, U.S, Omaha, Iowa, Denver, Maine, North Dakota, South Dakota, Wolf's, Illinois

☆ The clean energy transition is a likely headwind for ethanol demand, says Bernstein's Chad Dillard
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe clean energy transition is a likely headwind for ethanol demand, says Bernstein's Chad DillardChad Dillard, Bernstein senior analyst, joins 'The Exchange' to discuss the impact of the clean energy transition on agriculture, the outlook for electric vehicles, and more.

Persons: Chad Dillard Chad Dillard, Bernstein

☆ Navigator CO2 Ventures cancels carbon-capture pipeline project in Midwest
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +2 min

Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 million metric tons of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground, the company said on Friday, citing "unpredictable" state regulatory processes. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. In September, the company's permit application was denied by South Dakota regulators and this month the company asked Iowa regulators to pause its permit process. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota.

Persons: Joe Biden's, Jess Mazour Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit Locations: Gowrie , Iowa, U.S, Midwest, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota

The museum this fall acquired tens of thousands of reptile and amphibian specimens from Oregon State University, many of which are snakes. The development places the university in a unique position, according to Schneider, the research museum collections manager for the museum's division of reptiles and amphibians. “I’m fairly confident we’ll have the largest snake collection in the world,” he said. The extensive new additions also will allow scientists to conduct new snake and amphibian research, perhaps looking at trait evolution in mothers and their offspring. The "largest snake collection" title would be nice, but Schneider said the true promise of a big collection is new research opportunities.

Persons: — Greg Schneider, Schneider, ”, Lynne Houck, Stevan Arnold, ” Schneider, “, Hernán, Dan Rabosky Organizations: University of Michigan Museum, Oregon State University, Oregon State, Michigan, Smithsonian, American Museum of, University of Kansas, Michigan's, Michigan's Department of Ecology, Museums Center Locations: Mich, U.S, Michigan, Washington, New York, Oregon, Michigan's Department

☆ Mubadala raises stake in Brazilian ethanol producer Atvos
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Oct 20 (Reuters) - Abu Dhabi state investor Mubadala Capital raised its stake in Brazilian ethanol producer Atvos, the latter said on Friday. Mubadala, through investment fund FIP MC Green, acquired the stake owned by Grupo Novonor, formerly known as Odebrecht, in the holding company that controls Atvos, representing about 6.85% of the firm's equity. Mubadala already had a direct stake of 31.5% in Atvos. In a statement, the sugarcane ethanol producer said it also aims to enter new markets, such as corn ethanol; biomethane from vinasse and sugarcane straw, in addition to producing sustainable aviation fuel. Reporting by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Atvos, Green, Mubadala, Peter Frontini, Leslie Adler Organizations: SAO PAULO, Mubadala, FIP, Grupo Novonor, Thomson Locations: Abu Dhabi, Atvos, vinasse

It is also a blow to the ethanol industry, which sees CCS as key to cutting emissions from producing the fuel. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota. Summit recently said its pipeline will start operating in 2026, a delay from its initial timeline of 2024.

Persons: Joe Biden's, Jess Mazour, Leah Douglas, Richard Chang, Rod Nickel Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit, Thomson Locations: Windsor , Colorado, Midwest, U.S, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota

☆ Analysis: Bumper US corn harvest sinks prices, pushes global supply to surplus
▼ + stars: | 2023-10-19 | by ( Mark Weinraub | ) www.reuters.com time to read: +5 min

A bumper harvest will strain storage capacity and hold down prices of the world's most traded commodity crop. Already corn prices are trending near three-year lows at a time when some food prices are rising due to tight supplies of other staples like rice, stoking inflation worries. Just 16 months ago corn prices were at their highest in a decade as the war in Ukraine disrupted supplies from the Black Sea breadbasket. USDA forecast that domestic corn supplies would jump 55% to 2.111 billion bushels in the 2023/24 marketing year, helping push the global stockpile to a five-year high by September 2024. Some growers need to take out loans to fund their operations as they wait and hope corn prices will rise.

Persons: Shannon Stapleton, Steve Pitstick, Pitstick, Stephen Nicholson, Bill Roenigk, Harold Wolle, Wolle, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: REUTERS, U.S . Agriculture Department, Brazil, Rabobank, Corn, Maine Foods, U.S, Growers, Thomson Locations: Kelley , Iowa, U.S, PARK , Illinois, Chicago, Illinois, Ukraine, Cal

(AP) — Navigator CO2 Ventures announced Tuesday that it is putting on hold one of the two biggest proposed carbon dioxide pipeline projects in the Midwest so it can reassess the project. The company withdrew its application for a key permit in Illinois and said it it was putting all its permit applications on hold. The proposed 1,300-mile (2,092-kilometer) project would carry planet-warming carbon dioxide emissions from more than 20 industrial plants across South Dakota, Nebraska, Iowa, Minnesota and Illinois. The Illinois permit is crucial because that’s where the company planned to store the carbon dioxide underground. The Summit pipeline would carry carbon dioxide emissions from more than 30 ethanol plants in Iowa, Minnesota, Nebraska, North Dakota and South Dakota.

Persons: Jane Kleeb Organizations: Alliance, Keystone XL, The Locations: OMAHA, Neb, Illinois, Dakota, South Dakota , Nebraska , Iowa, Minnesota, The Illinois, Nebraska, Iowa , Minnesota , Nebraska, North Dakota, South Dakota

[1/2] A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The move comes more than three years after it pulled out of a billion-dollar deal to buy the commercial division of local planemaker Embraer (EMBR3.SA). Boeing sees both firms aligned in the goal of developing Brazil's aerospace ecosystem. Boeing's expansion in the South American nation led two domestic defense and aerospace industry groups to sue the U.S. company for hiring local talent, a move they see harming Brazil's industry. Both groups have Embraer as a member,Boeing defended its move, saying its presence will boost Brazil's aerospace ecosystem.

Persons: Benoit Tessier, DOS CAMPOS, Brendan Nelson, Nelson, Sao Jose dos Campos, We're, Landon Loomis, Gabriel Araujo, David Gregorio Our Organizations: Boeing, Paris, REUTERS, SAO, DOS, Embraer, EMBR3, Reuters, SAF, GOLL4, U.S ., America & Caribbean, Thomson Locations: Le Bourget, Paris, France, Brazil, U.S . Brazil, Sao Jose, Sao Paulo, American, U.S, America

☆ 'There's no greater canary in the coal mine': Renowned energy analyst Paul Sankey shares why oil prices will continue to nosedive — and 4 stocks that can hold up anyway
▼ + stars: | 2023-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.

Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio

☆ Trump taunts GOP rivals as legal clouds loom
▼ + stars: | 2023-10-01 | by ( Daniel Strauss | ) edition.cnn.com time to read: +6 min

But without any obvious threat to his dominance of the GOP field, Trump is embracing brash tactics such as belittling his opponents and fundraising off of his possible court appearances. In the latest update to the CNN Poll of Polls on the race, from before the second GOP debate, Trump holds an average of 58% support, Florida Gov. Trump wants to be in her head,” he said, alluding to Haley. This goes back so long ago and it’s just Trump being Trump.”What’s different this year is the bevy of indictments and serious legal woes threatening Trump. In the first six months of 2023, Trump’s joint fundraising committee took in more than $53 million.

Persons: Donald Trump, Nikki Haley, “ Birdbrain, ”, Haley, birdseed, Trump, He’s, Ron DeSantis, hasn’t, ” Trump, MAGA, ” Trump’s, harken, Sen, Marco Rubio’s, “, It’s, Scott Howell, Vivek, Ramaswamy’s, Tim Scott’s, ” Howell, Hands Rubio, ’, Rubio, Little Marco, Howell, Joe Biden, Sleepy Joe, Massachusetts Sen, Elizabeth Warren “ Pocahontas, Trump’s Organizations: CNN, Republican, South Carolina Gov, Trump, GOP, Florida Gov, Florida Republican, Florida, Sunday, Left Democrats, ” Locations: Iowa, New York, Florida, dinging, Ottumwa, Massachusetts, Manhattan, State

☆ Renault to maintain mixed ethanol combustion engines in Brazil
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. "It still pays to invest in combustion in Brazil," top executive Ricardo Gondo said at an event, adding that the industry will need more federal incentives to accelerate its EV transition. Renault is planning to launch Brazilian sales of an electric version of its French-made Kangoo van in October, when it will also launch its Kardian combustion engine SUV, set to be manufactured locally. Earlier this month, Renault CEO Luca de Meo warned a "very competitive" industry in China and that it will need to "catch up fast". ($1 = 4.9256 reais)Reporting by Alberto Alerigi Jr.; Writing by Carolina Pulice; Editing by Sarah Morland and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Ricardo Gondo, Gondo, van, JAC, Luca de Meo, Luiz Inacio Lula da Silva, Jair Bolsonaro, Alberto Alerigi Jr, Carolina Pulice, Sarah Morland, Marguerita Choy Organizations: Renault, Viva Technology, Porte de, REUTERS, SAO PAULO, EV, Wall Motor Co, Chery, Qualcomm, Nissan, Brazilian, Thomson Locations: Porte, Paris, France, Brazil, French, Parana, China

It’s usually an inexpensive, efficient way to transport crops, as a typical group of 15 barges lashed together carries as much cargo as about 1,000 trucks. A narrowed shipping lane also means barges from different companies must squeeze into limited space, forcing backups and delays. Months of dry and warm weather have hit the Midwest hard, damaging crops in much of the region west of the Mississippi River. In Kansas, 40% of the soybean crop was reported in poor or very poor condition, with the same conditions for 40% of the corn crop in Missouri. From his work site beside the Mississippi River in Red Wing, Minnesota, Jim Larson watches as the river rises and falls through the seasons.

Persons: Farmer Bruce Peterson, chuckled, ” Peterson, “, Louis, Paul, that’s, Nature, ”, Merritt Lane, Lane, Tom Heinold, ” Heinold, Heinold, Mike Steenhoek, Steenhoek, Jim Larson, Larson Organizations: DES, Canal Barge, New, Engineers, “, Soy Transportation Coalition, Red Locations: DES MOINES, Iowa, Mississippi, Gulf of Mexico, Minnesota, New Orleans, St, Minneapolis, Illinois, Ohio, Wisconsin, Davenport , Iowa, Savanna , Illinois, Rock, Missouri, In Kansas, U.S, United States, Red Wing , Minnesota

South Dakota regulators on Monday rejected a permit application for a proposed carbon dioxide pipeline through the state, dealing a fresh setback to the company behind the multistate project after North Dakota refused a siting permit for another leg there. The decision complicates an already complex process for Summit Carbon Solutions as it seeks similar authorization in other states amid opposition from landowners and environmental groups. Political Cartoons View All 1152 ImagesThe South Dakota panel's vote came on a motion made Friday by commission staff. They said Summit's proposed route would violate county ordinances involving setback distances. North Dakota regulators last month denied Summit a siting permit for its 320-mile (515-kilometer) proposed route through the state.

Persons: Summit, Summit's, Kristen Edwards, Brett Koenecke, Gary Hanson, ” Hanson, Lee Blank, Koenecke, Brian Jorde, ” Organizations: North Dakota, South Dakota Public Utilities Commission, Carbon Solutions, ”, Summit, Iowa Utilities Board, Public Service Commission Locations: Dakota, North, Iowa , Minnesota , Nebraska, North Dakota, South Dakota, ”, Omaha, . Minnesota, Minnesota, Fergus Falls

☆ Several injured in blast at Archer-Daniels-Midland plant in Illinois
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Sept 11 (Reuters) - Several employees were injured at an Archer-Daniels-Midland (ADM) (ADM.N) facility in Decatur, Illinois, after an explosion within its processing complex, the company said in a statement on Sunday night. ADM said the incident happened at 7:11 p.m. CDT (0011 GMT) and that the injured had been taken to a hospital. The company said it did not have a confirmed cause of the incident as of Sunday night. The Decatur site, ADM's North American headquarters and its largest facility globally, houses a soybean crushing plant and one of the largest corn wet mills in the world. It was not immediately clear whether the blast would impact the processing facilities.

Persons: Archer, Dan Kline, Evelyn Nikhila S, Baranjot Kaur, Gerry Doyle, David Holmes Organizations: Daniels, Midland, ADM, Renewable Fuels Association, Thomson Locations: Decatur , Illinois, Decatur, Bengaluru

☆ India makes clean energy push at G20 with global biofuel alliance
▼ + stars: | 2023-09-09 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

A general view of the venue for the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Amit Dave/File Photo Acquire Licensing RightsNEW DELHI, Sept 9 (Reuters) - India announced on Saturday the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels. "We are launching the Global Biofuel Alliance. The push for a biofuels alliance mirrors the International Solar Alliance launched by New Delhi and Paris in 2015 to bring clean and affordable solar energy within the reach of all. The alliance will help by encouraging global biofuels trade, developing concrete policies on lesson-sharing and promoting provision of technical support for national biofuels programmes worldwide, Oil Minister Hardeep Singh Puri said in July.

Persons: Amit Dave, Narendra Modi, Hardeep Singh Puri, Nidhi Verma, Shivam Patel, Jacqueline Wong, Kim Coghill Organizations: REUTERS, Global, Alliance, India, Solar Alliance, New, International Energy Agency, Oil, Thomson Locations: New Delhi, India, DELHI, United States, Brazil, Paris

South Dakota regulators on Wednesday denied a construction permit for a carbon dioxide pipeline project, one month after a North Dakota panel did the same to a similar project by another company. The South Dakota Public Utilities Commission voted unanimously to deny Navigator's application for its Heartland Greenway pipeline. The proposed South Dakota route encompassed 112 miles (180 kilometers) and would serve three ethanol plants. Other states continue to weigh Summit's project, which would encompass a 2,000-mile network from 30-some ethanol plants throughout Iowa, Minnesota, Nebraska, North Dakota and South Dakota to an underground storage site in North Dakota. Summit this week withdrew its applications to Oliver County for two permits related to construction of injection wells for its underground CO2 storage site in central North Dakota.

Persons: Kristie Fiegen, Brian Jorde, It's, Oliver, Jaden Schmidt, Sabrina Ahmed Zenor, Oliver County's Organizations: The South Dakota Public Utilities Commission, Summit Carbon Solutions, Navigator, The Iowa Utilities Board, Dakota's Public Service Commission Locations: Dakota, Illinois , Iowa, Minnesota , Nebraska, South Dakota, Illinois, The, Heartland, Iowa, Midwest, Iowa , Minnesota , Nebraska, North Dakota, Oliver County, Summit, Oliver

☆ Chevron evacuates Gulf platforms, Kinder Morgan to shut pipeline ahead of Idalia
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Gaby Oraa/File Photo Acquire Licensing RightsHOUSTON, Aug 29 (Reuters) - U.S. oil producer Chevron (CVX.N) on Tuesday said it evacuated staff from three U.S. Gulf of Mexico oil production platforms while Kinder Morgan (KMI.N) planned to shut a petroleum pipeline, as the energy companies braced for Hurricane Idalia. Blind Faith and Petronius are up to 160 miles (257 km) southeast of New Orleans in the central Gulf of Mexico. Production was continuing at Chevron-operated Gulf of Mexico oil and gas facilities. Meanwhile, Kinder Morgan shut its Port Manatee, Port Sutton and Tampaplex terminals, which handle commodities such as fertilizers, scrap metal, pet coke and coal. "Our Orlando refined products facility remains operational at this time, but we are closely monitoring the storm’s progress to prepare for any impacts," Kinder Morgan said.

Persons: Gaby Oraa, Kinder Morgan, Idalia, Petronius, Faith, Gary McWilliams, Arpan Varghese, Chizu Nomiyama, Cynthia Osterman Organizations: Chevron, U.S, REUTERS, Rights, Idalia, Gulf, Central Florida Pipeline, Florida Pipeline, Thomson Locations: Venezuela, Caracas, U.S, Gulf, Mexico, New Orleans, Port Manatee, Port Sutton, Tampa, Morgan's

☆ Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.
▼ + stars: | 2023-08-29 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Redwood Materials, the battery and e-waste recycling startup founded by former Tesla CTO JB Straubel, announced Tuesday that it has closed a $1 billion funding round to expand operations in the U.S. The company takes spent electric vehicle batteries, breaks them down, and uses the metals from them —including nickel, copper, cobalt, and lithium — to produce new components that can go into electric vehicle batteries. One of Redwood's major goals is to produce battery components domestically to reduce some of the global trade and geopolitical risks around the electric vehicle industry. As CNBC previously reported, earlier this year Redwood locked in a $2 billion loan commitment from the Department of Energy. For its new growth funding round, Goldman Sachs Asset Management, Capricorn's Technology Impact Fund, and other un-named funds advised by T. Rowe Price Associates led the deal, according to a company statement.

Persons: JB Straubel, Redwood, Straubel, Energy Jennifer M, Granholm, Goldman, Rowe Price Organizations: Materials, U.S, CNBC, Department of Energy, Energy, Energy Information Administration, Argonne National Laboratory, Asset Management, Technology, Fund, Rowe Price Associates, Caterpillar Inc, Innovation Fund Locations: U.S, Carson City , Nevada, Charleston , South Carolina . U.S, Argonne

☆ India set to ban sugar exports for first time in 7 years, Reuters reports
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: +1 min

Sacks of refined sugar are stacked at a wholesale store in New Delhi on May 25, 2022. India is the world's biggest sugar exporter after Brazil and restricted exports to protect its own food supplies. "For the upcoming season, we will not have enough sugar to allocate for export quotas." India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season. In 2016, India imposed a 20% tax on sugar exports to curb overseas sales.

Persons: Sacks Locations: New Delhi, India, Brazil, New York, London, Maharashtra, Karnataka

[1/2] Sugar mill workers load harvested sugar cane in a tractor trolly in Sangli district, in the western state of Maharashtra, India, December 3, 2022. India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season. In 2016, India imposed a 20% tax on sugar exports to curb overseas sales. Patchy rains would cut sugar output in the 2023/24 season and even reduce planting for the 2024/25 season, an industry official, who declined to be named, said. The recent increase in sugar prices eliminates any possibility of exports," said another government source.

Persons: Rajendra Jadhav, Mayank Bhardwaj, Barbara Lewis Organizations: REUTERS, Rights, Thomson Locations: Sangli district, Maharashtra, India, Rights MUMBAI, DELHI, New York, London, Karnataka, New Delhi, Mumbai, Thailand, Brazil

A corn field waiting to be harvested near Defiance in Shelby County, Iowa, one of the counties on the route of Summit Carbon Solutions' proposed pipeline. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsAug 22 (Reuters) - Iowa residents living along the route of the U.S.'s largest proposed carbon capture and storage (CCS) pipeline told state regulators they were worried about possible ruptures and land takings at the start of a hearing that will determine the fate of the project. The hearing, which could last weeks, is a major test for the $5.5 billion pipeline proposed by Iowa-based Summit Carbon Solutions, and for CCS, which the administration of U.S. President Joe Biden sees as a critical tool in fighting climate change. Jessica Marson told the board she feared the pipeline could rupture and that its construction could harm her 80 acres of cropland. Summit told Reuters it has secured agreements from nearly 75% of residents along its Iowa route, accounting for 499 miles, and that it is working to sign on the 480 remaining landowners.

Persons: Lucas Jackson, Joe Biden, Jessica Marson, Leah Douglas, Andy Sullivan Organizations: Carbon Solutions, REUTERS, U.S, CCS, The Iowa Utilities Board, Summit, Reuters, Sierra Club, Iowa Farm Bureau, Fort Dodge . Summit, Thomson Locations: Defiance, Shelby County , Iowa, Iowa, Midwest, North Dakota, Summit, Fort Dodge

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