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The new themed area will open Aug. 29 in Orlando with a slew of attractions and Star Wars-related food and merchandise.
Commodity markets may conjure a freewheeling world of high rollers living hard and taking outsized risks, and there’s some historical truth in that image. Commodities affect our lives every day, in other words. How do I “invest” in commodities?
Bearish bets have driven coffee futures down more than 17 percent since the start of the year. Rival breakfast item orange juice has made surprise gains heading into the fall, as futures surged more than 14 percent since the start of the year, making it one of the best performing commodities. Bearish bets have driven coffee futures down more than 17 percent since the start of the year, bringing the price close to a five-year low.
Yogurt is not supposed to be sweet. When it’s natural, it has a tasty sour tang, because yogurt is the result of bacterial fermentation of milk. That’s how people ate yogurt for thousands of years—from its birth in the Anatolian peninsula (now Turkey) between 3000 and 2000 BC, all the way up to the 20th…
A new energy tech start-up has won the support of two of the world’s largest hydrocarbon players with plans to turn coal waste into the world’s cheapest fossil fuel. Arq Fuels has struck a deal with Vitol, the world’s largest oil trader, and Fortune 500 coal mining giant Peabody to develop a fuel which could slash costs within the global shipping industry. At the same time, Vitol and Peabody have invested $10m (£7.6m) each as part of a $50m fund raise which values the Arq business at $500m. Julian McIntyre, the founder and chief executive of Arq, said the coalition of industry players could help develop the cheapest hydrocarbon in the world. The technology uses the wasted coal scraps which are too small to process and transport, to create a super-fine micro dust which is far higher in energy density than traditional coal stones. The technology uses the wasted coal scraps which are too small to process and transport Credit: George Frey/Bloomberg The 99pc pure hydrocarbon powder could be used to create nuggets or pellets with 50pc more energy than coal, and lower carbon emissions. However, in Arq’s first major tie-up, the powder will be used to top-up the bunker fuel used in the shipping industry to lower the overall cost as well as the sulphur dioxide emissions. “Think of it like orange juice concentrate,” said Mr McIntyre, “This concentrate is a tenth of the cost, so you could add just enough to your original juice to lower the overall cost without changing the taste for your customers,” he said. Mr McIntyre said the process could create barrels of oil which cost less than $10 a barrel, compared to a prevailing market rate of around $70 per barrel, which would place the company within the top ten most economic oil producers in the world. The low cost of the fuel should ensure a place in the market, even as the world shifts towards cleaner sources of energy. “If the market shrinks it’s the lowest cost producers that will survive,” he said. The global shipping industry will be the first to benefit from ultra low cost Arq fuel blends In addition, the technology will help to “clean up the vast ponds of waste” from the coal industry, which Mr McIntyre said is the equivalent of “throwing away around 10pc of the world’s oil”. Arq will work on Peabody mining sites across globe to source coal waste, while Vitol will have exclusive rights to market the fuel. Charles Meintjes, of Peabody, said the deal is “a rare opportunity to add value to our product, reduce our environmental footprint and expand the market for our product at the same time". Mike Muller of Vitol, adeed: “Arq fuels will be pure hydrocarbons – combining them with fuel or potentially with crude provides the opportunity for refiners and fuel customers alike to diversify into a new and cost-effective source of supply, whilst the production of Arq fuels also has a beneficial environmental impact.”
As American as apple pie—it’s a phrase that suggests a gingham tablecloth, a plate full of warm pastry cooling in an open window, a grandmotherly type bustling in a tidy kitchen. It’s the invocation of an idealized past. As we barrel toward the Fourth of July this year, let’s set the apple aside for a…
Canada is not backing down from the trade fight started by Donald Trump. The US’s northern neighbor and close ally on Friday imposed tariffs on $12.6 billion worth of US products. The move, which the Canadian government had announced in May, is in response to Trump’s controversial steel and aluminum tariffs on Canada, Mexico, and…