UK offers investment deal with Chile; Maldives terminates waste management deal; Facility to transform waste cooking oil into aviation biofuel; Bio-mass plant restarted in Texas
UK offers investment to Chile miner
Britain has offered up to $1bn in loans and guarantees to support UK business deals with the world’s biggest copper producer, Chile’s state-owned Codelco.The agreement is aimed at stimulating deals between UK companies and Codelco including building infrastructure such as railways, selling mining equipment or making financial investments. “It strikes me that Chile is a natural partner for us in the UK,” said David Godfrey, chief executive of the government’s UK Export Finance department.
Maldives terminates waste management deal
The Maldives government has decided to terminate an agreement made with India–based Tatva Global Renewable Energy to provide waste management services in the Malé and adjoining areas. A company source said this was because of unfavourable relations with the city council and the government’s inclination for a state-owned service.
Facility to transform waste cooking oil into aviation biofuel
Boeing and the Commercial Aircraft Corporation of China are jointly financing a project to clean contaminants from waste oils and convert them into jet fuel at a rate of 160 gallons a day. The aim of the project is to evaluate the technical feasibility and cost of producing higher volumes of biofuel.
Waste heat recovery power generator in Indonesia
Semen Indonesia has begun the construction of a waste heat recovery power generator plant at Tuban, East Java. The IDR 638bn (£33m) plant is expected to take 26 months to complete and will commence operation in the second half of 2016. The power plant would use waste heat from gas generated by cement production to fuel its operation.
Bio-mass plant restarted in Texas
NRG Energy is to restart a 50 MW biomass plant in Texas for InventivEnergy, a clean energy consulting and asset management firm. The US plant had shut down nearly two years ago.
Coal mining and geology
Copper mine in Peru
MMG, a China-based mining firm, is planning to invest between $2.7bn (£1.7bn) and $3.2bn in completing the construction of its Las Bambas copper mine in Peru. The mine was acquired in August from Glencore and was expected to start production in 2015. However, increased costs, variations in design, availability of skilled labour and other factors forced the company to delay the start of operations. The firm expects the first production of concentrate in early 2016