Tesla isn’t completely alone in this strategy. This was the basis of Nissan’s approach too, and we’ll see if their huge new factory in Tennessee pans out . But this strategy is risky. If the market doesn’t materialize you’re stuck with this huge factory on your hands. Several other companies tried this just a couple of years ago, with government money no less, based on some pretty aggressive ideas on how quickly the market would materialize.
A worker clears dead fish floating on the banks of the polluted Fuhe river in Wuhan, Hubei province, September 3, 2013. Feb 18 — China plans to spend 2 trillion yuan (RM1 trillion) on an action plan to tackle pollution of its scarce water resources, state media said today.
China has a fifth of the world’s population but just 7 per cent of its water resources, and the situation is especially precarious in its parched north, where some regions have less water per capita than the Middle East. The plan is still being finalised but the budget has been set, exceeding the 1.7 trillion yuan China plans to spend battling its more-publicised air pollution crisis, the China Securities Journal reported, citing the Ministry of Environmental Protection.
It will aim to improve the quality of China’s water by 30 to 50 per cent, the paper said, through investments in technologies such as waste water treatment, recycling and membrane technology.
The paper did not say how the funds would be raised, when the plan would take effect, or what time frame was visualised, however. Groundwater resources are heavily polluted, threatening access to drinking water, Environment Minister Zhai Qing told a news conference in the capital, Beijing, last week.
According to government data, a 2012 survey of 5,000 groundwater check points found 57.3 per cent of samples to be heavily polluted. China emits around 24 million tonnes of COD, or chemical oxygen demand, a measure of organic matter in waste water, and 2.45 million tonnes of ammonia nitrogen, into its water each year, Zhai said. Over the next five years, China has previously estimated it will need to spend a total of 60 billion yuan to set up sludge treatment facilities, and a further 10 billion yuan for annual operation, the environment ministry says.Over the next five years, China has previously estimated it will need to spend a total of 60 billion yuan to set up sludge treatment facilities, and a further 10 billion yuan for annual operation, the environment ministry says.
I appreciate all the thoughtful work that you put into your analysis Votingmachine, Moly will come along in its own time, until then, you can cut me another slice of that cake.
You are correct, Lanthanum is used more than Cerium as a cracking catalyst. The MCP web site states that "Cerium is an environmentally critical component in the manufacture of all kinds of environmental protection and pollution-control systems, from automobiles to oil refineries. One of the crucial chemical components in catalytic converters is Cerium oxide (or other Cerium compounds). Other Cerium-based pollution control catalysts help to significantly reduce the sulfur oxide emissions from oil refineries."
Perhaps some of the excess Cerium will find a use. With all the oil currently being produced, the need for alternative sources of energy has diminished quit a lot.
Oil is a commodity that will go to the highest bedder who is willing to pay the most for it. The oil from North Dakota is shipped by train to Antacortes Washington for export to Asia, if that oil stayed in the US perhaps prices at the pump would go ever lower however, there is not patriotism when it comes to making money in businesses. No matter who produces the oil, the US, Canada or the Saudis, the market will determine the price and who gets it. Japan and China don't have oil, if the pipeline didn't run thru the US to the refineries in Texas, they will build a pipeline across Canada for export to China at Vancouver,CA.
My point is the increse use of Cerium in the production of gasoline, Grace buy a lot of Cerium from MCP for cracking proposes, Increase production of gasoline will require more Cerium even with their changed cracking formula requiring less Cerium. I don't like paying more for gas, but higher gas prices would require the auto companies and the public to manufacture and purchase more fuel efficient cars that require rare earths. Who will by a Prius when you can drive a Ford 150 on cheap gas? We need production jobs in this country not low paying service jobs. I was hoping to see the Obama push alternative energy like wind, solar, etc now he talks about Natural Gas and jobs from the Keystone pipeline, so more false promises. What' s new!
In an environmental impact statement released on Friday, the state department said that approval was "unlikely to significantly impact the rate of extraction in the oil sands or the continued demand for heavy crude oil at refineries in the United States". The 1,179-mile (1,897km) pipeline would carry tar sand oil from Alberta in Canada to Nebraska.
The oil would then be transported on existing pipes to refineries in Texas. The southern section of the project was finished last year.
The Keystone XL project aims to carry some 830,000 barrels of heavy crude a day from the fields in Alberta.
IMHO, if this pipeline gets approved by President Obama which appear likely, the oil refinery's in Texas will require a lot of Cerium for oil cracking, this may prove to be good for Molycorp excess Cerium production.
KUALA LUMPUR, Jan 22 — Himpunan Hijau said today it will “make sure” Lynas Corporation would not be able to operate in Kuantan if the Australian mining firm does not pack up and leave in six months’ time.
Posted 1/23/14, google Lynas news
The anti-Lynas lobby said it will give the company until June 22 to comply, and has also demanded that the Australian government make a stand on the matter within the next seven days.
“We will shut you down on June 22. We are giving you six months. One-point-two million Malaysians have already signed a petition supporting us,” Himpunan Hijau chairman Wong Tack told reporters here.
When asked whether the group would resort to violence if Lynas Corp does not cease its operations, Wong simply said the “people will make sure they will not operate.”
“That is what I can say, the people will gather and a mass rally will be held right outside the plant in Gebeng,” he said.
Himpunan Hijau led a 20-man protest today and attempted to gatecrash the Australian High Commission’s National Day celebrations at the Kuala Lumpur Convention Centre (KLCC) here.
A minor scuffle ensued when Wong and several Himpunan Hijau protestors were stopped by security officials.
After some pushing and jostling, the security manager for the Australian Commission spoke to Wong and promised to convey the group’s demands to the acting high commissioner tomorrow morning.
Malaysia’s regulator Atomic Energy Licensing Board (AELB) said last year that no final decision has been made on Lynas’ plan to recycle waste from its Kuantan rare-earth plant.
According to AELB, Lynas had already submitted the results of its research on the recycling of its Water Leached Purification (WLP) residue for commercial use as road base aggregates or road building materials, but further study was required.
The WLP is reportedly the only one of three residues produced as by-products of the refining process that is radioactive, with a reading of six becquerel per gram.