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Replies to post #56475 on NewStream Energy Technologies Group Inc (NSGP)
05/26/20 6:57 PM
05/27/20 12:45 PM
My next commentary is on the -- and another thing that I want to add on to the cost commentary, if you would. As you're aware, that the government is extremely keen to kind of allocate coal. They want the consumers to get access to coal and consume it as soon as possible and convert the inventory of the country into cash. They have also announced certain incentives that they will provide for coal gasification because that is a nonpolluting way of consuming coal. And we are the only plant that has a coal gasification plant, and we do believe that in due course, we will not only get coal but we will get additional concessions coming in for us to be able to consume coal in our coal gasification plant. So that's one good news, and we are waiting and watching. But eventually, the coal gasification plant will be a very big game changer for our business once the coal and the incentives are in place, right? So clearly, from a raw material security point of view, the availability of coal and the block that we had won in the iron ore, I think both of them are contributing to kind of enhance our raw material security in the country, and that will further provide strength to our cost structure.
06/02/20 2:08 AM
WASHINGTON — The Environmental Protection Agency on Monday announced that it had limited states’ ability to block the construction of energy infrastructure projects, part of the Trump administration’s goal of promoting gas pipelines, coal terminals and other fossil fuel development.
The completed rule curtails sections of the U.S. Clean Water Act that New York has used to block an interstate gas pipeline, and Washington employed to oppose a coal export terminal. The move is expected to set up a legal clash with Democratic governors who have sought to block fossil fuel projects.
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