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Simon Nicholas

@simonjnicholas

Energy finance analyst at IEEFA following the energy technology transition. Views are my own.

 Blackheath, New South Wales
ieefa.org
Joined February 2015
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Our new report finds that carbon capture utilisation and storage (CCUS) looks unlikely to play a major role in decarbonising the global steel sector, despite support for the technology at COP28. #steel #coal #energytransition #CCUS #CCS #carboncapture ieefa.org/resources/carbon-c…
Carbon capture for steel? | IEEFA

Carbon capture for steel? | IEEFA

Over several decades of implementation in a range of sectors, carbon capture, utilisation and storage (CCUS) has accumulated a track record of underperformance and failure.

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As the market for its lower-grade ore goes into permanent decline, Australia must choose: shift attention to its higher-quality reserves; or let overseas competitors dominate the growing high-grade market. #ironore #ausbiz #mining ieefa.org/resources/chinas-f…
China’s falling iron ore demand is only half the story | IEEFA

China’s falling iron ore demand is only half the story | IEEFA

Although Chinese steel demand is dropping, it is demand for lower-grade ore used for coal-consuming blast furnaces that is entering decline, while demand for higher-grade ore suitable for lower-car...

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WA faces challenger South Australia in race for green steel jobs #ironore #iron #greeniron #mining #ausbiz #GreenHydrogen canberratimes.com.au/story/8…
Ore-some state tipped to win race for green steel jobs

Ore-some state tipped to win race for green steel jobs

Higher-grade iron ore, deep water ports and a 100-per cent renewable energy grid give South Australia the edge...

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Multiple long-term threats to Australia’s biggest export are now growing. It’s time Australia made a long-term iron ore plan. #iron #ironore #energytransition #China #mining #ausbiz #steel #Investing ieefa.org/resources/its-time…
It’s time Australia made a long-term iron ore plan | IEEFA

It’s time Australia made a long-term iron ore plan | IEEFA

With the global iron ore market entering a period of major oversupply later this decade, and demand in China in decline, and a steel technology shift accelerating, Australia needs to seriously think...

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Sellafield nuclear waste site pleads guilty to criminal charges over cybersecurity failings UK nuclear site pleads guilty to IT security breaches from 2019 to 2023 #nuclear #nuclearpower #auspol #ausbiz theguardian.com/environment/…
Sellafield pleads guilty to criminal charges over cybersecurity failings

Sellafield pleads guilty to criminal charges over cybersecurity failings

UK nuclear site pleads guilty to IT security breaches from 2019 to 2023

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UK’s nuclear plant will cost nearly three times what was estimated Initially due to be operational in 2017 and to cost about A$35 billion, it is now not expected to open before 2031 and will cost about A$90 billion #nuclear #nuclearpower #ausbiz #Auspol afr.com/politics/federal/uk-…

UK’s nuclear plant will cost nearly three times what was estimated

Expert analysis of nuclear power in Australia and the experience of countries overseas suggests the Coalition may have to spend $60 billion on its energy plan.

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Glencore’s coal spin-off plan: Responsible investors are right to be concerned #coal #glencore #mining #investing ieefa.org/resources/glencore…
Glencore’s coal spin-off plan: Responsible investors are right to be concerned | IEEFA

Glencore’s coal spin-off plan: Responsible investors are right to be concerned | IEEFA

Although Glencore states it is committed to responsibly reducing its coal production and Scope 3 emissions, it will no longer have control over these factors if it proceeds with plans to spin off its...

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J-Power - Japan's second-biggest coal-fired power generator - may close up to five coal power plants by fiscal 2030. Japan is Australia's largest thermal coal export destination by far. #coal #Japan #ausbiz #investing #energytransition japantimes.co.jp/business/20…

J-Power may close up to five coal power plants by fiscal 2030

The company’s objective is to slash emissions by 46% from 2013 levels by 2030.

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BHP’s Carbon-heavy Bid for Anglo-American #coal #BHP #EnergyTransition #steel #ccswipe esginvestor.net/bhps-carbon-…
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Met coal’s biggest exporter wants to get even bigger #coal #BHP #energytransition #steel #investing #mining worldcoal.com/coal/02052024/…
Met coal’s biggest exporter wants to get even bigger

Met coal’s biggest exporter wants to get even bigger

Simon Nicholas Lead Analyst Global Steel at IEEFA comments on BHPs takeover bid for Anglo American and its potential implications for the steel and coal industries

worldcoal.com
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Another carbon capture and storage project falls over. #carboncapture #CCS #CCUS #fossilfuels #energytransition #investing westernstandard.news/busines…

Edmonton's Capital Power cancels $2.4 billion carbon capture project at Genesee

Carbon Capture and Storage (CCS) was supposed to be a silver-bullet to save the world from the impacts of climate change — or at least slow Alberta’s growing emissions profile.

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SIMON NICHOLAS: Africa’s LNG projects threatened by global wave of new capacity businesslive.co.za/bd/opinio… via @BusinessLiveSA #LNG #Mozambique #Tanzania #energytransition #Africa
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BHP weighs potential takeover of Anglo American #mining #investing #coal #ironore #ausbiz smh.com.au/business/companie…
BHP confirms non-binding $60b takeover offer for rival Anglo American

BHP confirms non-binding $60b takeover offer for rival Anglo American

BHP, the world’s largest miner, has approached London-listed Anglo American with an offer that could turn into this year’s biggest deal.

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Carbon capture will not play major role in steel decarbonisation, report says #steel #coal #CCUS #CCS #carboncapture reuters.com/business/energy/…(,in%20a%20report%20on%20Wednesday.
Carbon capture will not play major role in steel decarbonisation, report says

Carbon capture will not play major role in steel decarbonisation, report says

Carbon capture, utilisation and storage (CCUS) is unlikely to play a major role in decarbonising the global steel industry due to low capture rates, high costs and a track record of underperformance,...

reuters.com
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The March issue ST International is out now! This issue includes features on the technology transition from @ieefa_institute, global decarbonization from @MightyEarthWA, and 20 questions with Rob Woodings, CEO of Woodings Inc. Read here: lnkd.in/eH4c9XBt
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Japan's power sector is accelerating the phasing out of inefficient coal-fired plants to help reduce the country's greenhouse gas emissions. #coal #ausbiz #EnergyTransition argusmedia.com/en/news-and-i…
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Don’t believe the spin: New Australian government forecasts show that risks for metallurgical coal’s outlook are mounting on the downside. ieefa.org/resources/dont-bel… #coal #steel #energytransition #ausbiz
Don’t believe the spin: Coal is no longer essential to produce steel | IEEFA

Don’t believe the spin: Coal is no longer essential to produce steel | IEEFA

The Australian government’s March 2024 Resources and Energy Quarterly (REQ) report highlights declining world trade for metallurgical coal, with mounting risks to its outlook. Australian metallurgi...

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Glencore abandons coal production cap as another climate pledge fails afr.com/companies/mining/gle… #Glencore #coal

Glencore abandons coal production cap as another climate pledge fails

Five years after it promised to cap annual coal production at 150 million tonnes, Glencore has withdrawn the policy.

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China, decarbonisation present Australia's iron ore miners with costly choices reuters.com/markets/commodit… #ausbiz #ironore #steel #coal #EnergyTransition
COMMENTARY: China, decarbonisation present Australia's iron ore miners with costly choices

COMMENTARY: China, decarbonisation present Australia's iron ore miners with costly choices

The opinions expressed here are those of the author, a columnist for Reuters.

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How the European steel industry is going green #steel #EnergyTransition #coal fastmarkets.com/insights/how…

How the European steel industry is going green

To comply with the ambitious target of the European Union to become a net zero-emitter by 2050, the steelmaking industry needs to transform. Fastmarkets looks at the key milestones, opportunities,...

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