GLG News by Elevators and Escalators Experts

The announced new scrubber installations at major eastern coal fired plants by TVA, Southern Company and American Electric Power will increase the demand for high calcium lime production staring in 2008.  Most of these installations will utilize "wet scrubber" desulfurization equipment with for...

    Coal plants utilize high-calcium limestone as a reagent in flue gas desulphurization (FGD or “scrubbers”) to remove the sulfur from the coal rather than it going up the stack as air emissions. The usage of this limestone will increase as scrubbers are included on new coal plants...

    Many previously announced coal plants have been formally cancelled or delayed this year. This is the result of either regulatory rejections or uncertainty, cost increases because of materials and labor, or environmental (CO2 emissions) issues.     U.S. Department...

    There have been several published reports of coal plant cancellations due to lack of the perceived need by regulators, differences in cost recovery in rates to consumers, the belief surrounding CO2 emissions or other reasons, Cancellation of the coal plant projects does not...

    As a quick background, a “paper barrier” is a provision contained in an agreement when a Class I Railroad sells a line segment to a Class III Railroad preventing or limiting the acquiring Class III Railroad from interchanging traffic with a connecting railroad other than the...

    Coal prices delivered into Europe are currently above $100/tonne (metric ton) as measured by the API 2 Index. This is up approximately 50% from prices being quoted for this same period at the beginning of 2007.     The commentary that follows evaluates the...

    Current delivered coal prices into Europe have crossed over the $100/tonne (metric ton) threshold as measured by the API 2 Index into Northern Europe. That is up ~50% from prices for this period quoted at the beginning of 2007.     The commentary discusses...

    The upgrade by Stifel Nicolaus & Co. of Massey Energy is representative of the bullishness in the U.S. coal sector. The commentary section discusses the positives in the coal sector.

Consol Energy’s acquisition of Tri-River Fleeting Harbor Services and Ti-River Marine towboat fleet continues its shrewd investment of Ohio River and Monongahela River assets. This follows Consol Energy’s 2006 acquisition of the Guttman Group Mon River and J.A.R. towboat and barge assets.

    As the article points out China’s demand for coal has impacted the global coal situation. This and other issues discussed below are bullish for US coal producers.