MI and Indonesia’s Ministry of Energy and Mineral Resources collaborate on developing production and consumption of methanol as an energy product in Indonesia.
MI and Indonesia’s Ministry of Energy and Mineral Resources collaborate on developing production and consumption of methanol as an energy product in Indonesia.
Methanol Institute Formalizes Collaboration with Indonesia’s Ministry of Energy and Mineral Resources
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MI and Indonesia’s Ministry of Energy and Mineral Resources collaborate on developing production and consumption of methanol as an energy product in Indonesia.
I believe that we have a lot to learn from each other, and this partnership will facilitate our shared growth.” Gregory Dolan, CEO, Methanol InstituteWASHINGTON, DC, UNITED STATES, April 12, 2021 /EINPresswire.com/ The Methanol Institute (MI) and Indonesia’s Ministry of Energy and Mineral Resources (MEMR) held a signing ceremony of a Letter of Interest (LOI) on March 30, 2021. The LOI was signed to formalize their partnership on developing methanol as an energy product in Indonesia.
Indonesia’s March HBA thermal coal price falls 3.8% on month on sagging China demand
Indonesia’s Ministry of Energy and Mineral Resources has set its March thermal coal reference price also known as Harga Batubara Acuan, or HBA at $84.49/mt, down 3.8% month on month, but up 26% year on year, according to a ministry spokesperson March 5.
The ministry had set the HBA for February at $87.79/mt and March 2020 at $67.08/mt.
“After the Lunar New Year and towards the end of winter, electricity consumption in China’s business centers fell,” Agung Pribadi, the ministry’s spokesperson, said.
Both India and China are also focused on boosting their own domestic production, which has also impacted demand for Indonesian thermal coal, Pribadi noted.
Indonesia sets Feb HBA thermal coal price 16% higher on month amid China demand
Indonesia’s Ministry of Energy and Mineral Resources set its February thermal coal reference price also known as Harga Batubara Acuan, or HBA at $87.79/mt, up 16% on month and up 33% on year, a ministry spokesman said Feb 8.
Strong Chinese demand and higher gas prices led to a boost in thermal coal prices in January as buyers scrambled to stock up before the Lunar New year holidays.
“China’s domestic coal supply could not meet the demand from power plants,” said Agung Pribadi, spokesman for Indonesia’s Ministry of Energy and Mineral Resources.