Atlanti Gaz Sun, 23 Jan 2022 18:52:04 +0000 en-US hourly 1 Atlanti Gaz 32 32 Abandoned Power Plant In Armenia Will Host Cryptocurrency Mining Farms – Mining Bitcoin News Sun, 23 Jan 2022 10:38:40 +0000

Armenia will invite cryptocurrency miners to install their coin minting equipment in an old thermal power plant. The TPP will be decommissioned and the government intends to lease it to industrial companies, including mining companies.

Miners are welcome to set up data centers in the former TPP in Armenia

Hrazdan’s TPP equipment was deemed outdated and inefficient, producing expensive electricity, and Armenian authorities decided to shut down the old power plant in the near future. Its premises and infrastructure, including power lines, water and gas pipes, will be offered to other more profitable businesses.

The former spa’s rental plan was approved at a meeting of the Public Utilities Regulatory Commission on Wednesday, Sputnik Armenia reported. A company manufacturing refrigeration units has already organized the transfer of part of its production to TPP, the news portal revealed.

In another part of the factory, a free economic zone called Ecos has been established and is now open. Entities involved in mining digital currencies will be allowed to set up their crypto farms in this area. A law legalizing crypto mining in Armenia was introduced in 2018.

Even after the dismantling of the Hrazdan TPP, the mining facilities will have access to sufficient electrical power. A new thermal power plant with four generators, Hrazdan-5, was built nearby by the Russian giant Gazprom. In November 2021, another TPP was completed by the Italian company Renco and the German Siemens.

With the state-run Yerevan TPP, Armenia now has three modern thermal power plants. The report notes that the electricity they produce is more expensive than the energy produced by hydroelectric power stations and the Armenian nuclear power plant west of the capital.

However, the tiny Caucasian nation exports around 75% of its electricity to neighboring Iran which supplies Armenia with cheap natural gas used for power generation. This cooperation will be expanded after the construction of a new transmission line between Armenia and the Islamic Republic in 2023.

Cryptocurrency mining has grown in Iran, which recognized it as a legal industrial activity in 2019. The sector’s energy needs have also increased, and both licensed and illegal miners have been blamed for the growing energy deficit of the sector. country last year.

In May, then-President Hassan Rohani announced a temporary ban on cryptocurrency mining amid rising demand and insufficient electricity supply caused by extremely hot weather and droughts. Tehran lifted the restrictions in September when electricity consumption declined with cooler weather, but reintroduced them in December to avoid winter blackouts.

Keywords in this story

Armenia, Armenian, Crypto, crypto farms, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, downgraded, Demand, Electricity, Energy, Hrazdan TPP, Iran, Miners, mining, mining farms, power, power plant electricity, shortages, Supply, thermal energy plant, TPP

Do you think Armenia will take further steps to create favorable conditions for cryptocurrency miners? Share your expectations in the comments section below.

Lubomir Tassev

Lubomir Tassev is a tech-savvy Eastern European journalist who loves Hitchens’ quote: “Being a writer is who I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image credits: Shutterstock, Pixabay, Wiki Commons

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High food prices dash India’s hopes of cutting cooking oil imports Sun, 23 Jan 2022 05:48:14 +0000

Consumption is expected to rise in India by 17% over the next four years, according to BV Mehta, executive director of the Solvent Extractors’ Association. Such a steep rise would further widen the manufacturing gap: India is likely to produce around 10 million tonnes of edible oils in 2021-22, against local consumption of up to 23 million tonnes.

India, one of the world’s biggest buyers of vegetable oils, is struggling to wean itself off imports. Farmers have generally focused on growing cotton and staples like rice, wheat, and sugar, in part because the government sets price floors for these crops and buys some of them — like food grains — in exchange. bulk for its social programs.

A change in mentality is not likely overnight. High-yielding rapeseed and sunflower varieties and remunerative prices could boost domestic production. But the incentives for Indian farmers to grow oilseeds are still weak, according to Siraj Chaudhry, managing director and chief executive of National Commodities Management Services Ltd., a warehousing and trading company.

Change must start locally, he said, by closely monitoring the crop cycle. Rice farmers should be encouraged to grow sunflower during India’s rainy months, for example, and wheat farmers to grow rapeseed in winter. Higher production of rice bran oil and expensive peanuts could also serve as supplements, he said.

Palm oil, in particular, has the potential to close the production gap. Indians often prefer it over sweet oils because they are cheaper and can be mixed easily with other fats. It also lasts longer than other choices, making it cost effective for bulk users such as restaurants and hotels.

Moving part of the supply chain locally can help. Commodity experts have been lobbying the Indian government to import soybeans and crush them domestically, rather than just buying soybean oil. This would potentially increase the supply of soybean oil at home and meet the growing demand for animal feed from the poultry industry.

“It has to be a combination of factors, including providing new technologies to increase productivity,” Chaudhry said.

The cost problem

Cooking oils are an integral part of the Indian diet. They play a prominent role in the feasts served at massive festivals across the country. They are used to fry jalebis, the sticky roadside candy, and for virtually every other staple. Their ubiquity has made India the world’s largest importer of palm, soy and sunflower oil.

Increasing domestic palm oil production would increase the overall supply of vegetable oil in the country, according to Mehta. India aims to produce 1 million tonnes by 2026 and further increase production to 2.8 million tonnes by 2030 from 300,000 tonnes, he said.

But price control is increasingly a ride. India’s attempts to dampen inflation by reducing duties on edible oil imports and imposing limits on stocks have so far failed to reduce costs. Most commodities are tied to world prices which have recovered over the past year due to a shortage of supply and increasing use of biofuels.

India’s consumer food prices rose in December at their fastest pace in six months amid soaring vegetable oil prices, which jumped more than 24% from a year earlier, according to the Ministry of Statistics. The increase comes despite a reduction in duties on imports of edible oils, which have further pushed up global prices on expectations of higher purchases from India.

Food prices are rising all over the world. Crops that can be converted into fuel have been particularly hard hit due to soaring crude oil prices. In Kuala Lumpur, the price of palm oil, the most consumed vegetable oil, rose by more than 30% in 2021. Soybean oil in Chicago saw a similar spike over the same period.

Meanwhile, in New Delhi, vegetable oils – such as those extracted from rapeseed, sunflower, soybean and palm – have increased from 12% to more than 30% in 2021, according to the food ministry.

“It will probably be better if the country can meet 60-70% of its demand from domestic production and the rest from imports, reversing the current trend,” Chaudhry said.

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Saudi Arabia’s ambitious space program gives a taste of exciting collaborations to come Sat, 22 Jan 2022 23:09:30 +0000

JEDDAH: Over half a century ago, Neil Armstrong and Buzz Aldrin became the first to set foot on the surface of the moon. Since this historic milestone, governments, scientists and now entrepreneurs have set their sights on more distant and ambitious goals.

From Jeff Bezos’ forays into space tourism with Blue Origin and Elon Musk’s dream of establishing colonies on Mars to NASA’s launch of the James Webb Space Telescope and the UAE’s Hope probe mission to Mars, space, it seems, is all the rage again.

The Apollo astronauts’ memorable moon walk of July 20, 1969, marked the culmination of more than a decade of dizzying scientific advances, fueled by fierce Cold War-era competition between the United States and the United States. Soviet Union known as the ‘Space Race’.

Decades later, and with the benefits of vastly superior technologies, private sector funding and a global wealth of scientific and technical talent, a new space race led by the world’s emerging economies and the most rich is now underway.

Saudi Arabia is well positioned to take advantage of falling rocket launch costs, technological advancements and growing public interest in space exploration. (Provided)

The Saudi Space Commission, or SSC, launched three years ago by royal decree, recently participated in this new space race. Its mission is to accelerate economic diversification, improve research and development, and increase private sector participation in the global space industry.

Since its launch in December 2018, the Kingdom’s state-funded space program has entered into agreements with the European Space Agency, the United Kingdom, France and Hungary to strengthen cooperation.

The agency has also signed agreements with aerospace giant Airbus, joined the International Astronautical Federation and launched illustrious scholarship programs to allow Saudi students to attend top universities in the world offering space science courses. and in aerospace engineering.

Although its space agency is relatively new, the Kingdom has a long history of involvement in satellite technology, much of it stemming from King Abdul Aziz’s City of Science and Technology in Riyadh.

Saudi Arabia also played a key role in the creation by the Arab League of Arabsat, a satellite communications company, which launched its first satellite in 1985.

“The beauty is that you’re not starting from scratch,” Colonel Chris Hadfield, a retired Canadian astronaut and former commander of the International Space Station, told Arab News in an exclusive interview.

“Even NASA, when it was formed in the late 1950s, it wasn’t starting from scratch. NACA, which was NASA’s predecessor, had been around since the 1920s when the government recognized that aeronautics was coming.

According to Colonel Chris Hadfield, the SSC should now clearly define its objectives for the future of Saudi space exploration. (SPA)

Hadfield is well known for his hugely popular video segments depicting life aboard the ISS, which included a weightless guitar rendition of David Bowie’s “Space Oddity.”

A highly decorated astronaut, engineer and pilot, he has received numerous awards, including the Order of Canada, the Meritorious Service Cross and the NASA Distinguished Service Medal. He was also named the top US Air Force and Navy test pilot, and was inducted into the Canadian Aviation Hall of Fame.

Hadfield flew three space missions, built two space stations, performed two spacewalks, outfitted the shuttle and Soyuz, and commanded the ISS.

Now retired, he is an adjunct professor at the University of Waterloo, Ontario, an advisor to SpaceX and Virgin Galactic, chairman of the board of the Open Lunar Foundation, and author of three international bestsellers. His TED talk on fear has been viewed 11 million times.

According to Hadfield, the SSC should now clearly define its goals for the future of Saudi space exploration.

“The real key is to have a clear goal for what the space agency is trying to accomplish, goals that are consistent with serving the Saudi people in the short and long term,” he said.

The ISS remains a powerful symbol of human brotherhood and of the immense technological and scientific possibilities offered when societies work towards a common goal.

The history of the space station began on July 17, 1975, when Russian cosmonaut Alexei Leonov and American astronaut Deke Slayton shook hands in microgravity, after docking their spacecraft above the French city of Metz .

Colonel Chris Hadfield said it is this kind of human brotherhood, coupled with an enduring sense of duty, that will enable new innovations and milestones in space exploration. (Provided)

The handshake was the byproduct of a 1972 agreement between the two nations to cooperate on the Apollo-Soyuz test project. The United States built a docking module for the Apollo shuttle that was compatible with the Soviet docking system to allow for seamless rendezvous.

Their meeting became a powerful symbol of unity, which paved the way for the joint Shuttle-Mir program and later the ISS itself.

Building a space agency is no small feat. As a multidisciplinary field, the industry requires a wide range of skills and expertise. Saudi Arabia has invested heavily in the sector and already has several achievements to its credit.

In February 2019, the Kingdom launched its first locally developed communications satellite – SGS-1 – from the Guiana Space Center. The launch is the result of a partnership between KACST and US aerospace giant Lockheed Martin.

In 2020, Saudi Arabia announced plans to invest $2.1 billion in the space program as part of its Vision 2030 reform program, the Kingdom’s long-term plan to diversify its economy away from oil. and adopt a wide range of next-generation industries.

Prince Sultan bin Salman (closest to camera) is the first Arab, Muslim and royal in space. (Provided)

“In the times we live in now, space is becoming a fundamental sector of the global economy, affecting all aspects of our life on Earth,” Prince Sultan bin Salman, the first Arab, said at the time. muslim and royal in space.

“The space sector and the space economy are expected to reach trillions of riyals as we move forward. We believe that there are many opportunities in the space sector and we in Saudi Arabia intend to exploit these opportunities. at all levels.

To excel in space, the Kingdom will need an army of technical specialists in fields as diverse as cybersecurity, avionics and robotics, as well as experts in propulsion, machine learning and artificial intelligence.

“If you look across the governments of the world, there’s a subset that works in areas that are naturally tied to space, like telecommunications, atmospheric physics, weather forecasting, or the military side of threats; there is always the advantage of high ground,” Hadfield told Arab News, highlighting the advantages of building a national space industry.

“It’s science to just try to understand the Earth better. If you can go around (the Earth) 16 times a day, if you can tune a geostationary satellite that looks at the whole (Arabian) peninsula, this whole part of the world, there is an enormous amount of information to be collected which is really difficult to collect from the surface.

“Then there is the technological development side. If you want to challenge yourself to build a satellite or build rockets or train people to fly in space or be part of the space station, start putting a permanent human habitation on the moon, that’s it. is a great technological challenge and it is good for the country, from the university side to the manufacturing side.

But more than the obvious economic, scientific and strategic benefits, Hadfield believes investing in space technologies also gives societies a sense of optimism and raises public aspirations.

Hadfield believes investing in space technologies also gives societies a sense of optimism and raises public aspirations. (Provided)

“Besides scientific research and technical development, it lifts people’s eyes beyond the horizon,” he said.

“Space exploration has an important role to play in inspiring people to visualize a different future, to try things out with their own lives, to train for a new set of skills, and to transform into someone different in pursuit of being an astronaut that they might otherwise have never been done with themselves. To me, that’s an important part.

Saudi Arabia is well positioned to take advantage of falling rocket launch costs, technological advancements and growing public interest in space exploration. Its willingness to work with other space agencies is also a taste of exciting collaborations to come.

Reflecting on his own career in space, Hadfield said it is this kind of human brotherhood, coupled with an enduring sense of duty, that will enable new innovations and milestones in space exploration.

“It’s a life of service,” he says. “Service to agency, service to country and service to others.”

Environmentalists vow to fight latest Kimberley fracking proposal to unearth Australia’s biggest oil resource Sat, 22 Jan 2022 01:29:16 +0000

An energy economist says the world will watch as a proposal by an Australian onshore oil fracking company in the Kimberley is being reviewed by Western Australia’s environmental watchdog.

The WA Environmental Protection Agency this week released Theia Energy’s request for seven days of public comment, which outlines plans to drill and frack two exploration wells 155 kilometers southeast of Broome.

This is the second application for hydraulic fracturing in the region since a moratorium on the practice was lifted in 2018, with a proposal from Texas-based Black Mountain Energy currently under review by the EPA.

Roberto F Aguilera, a researcher at Curtin University, said that if proven viable, Theia Energy’s proposal had the potential to become Australia’s biggest oil project.

“It could theoretically be a huge project if you consider the resource of almost six billion barrels of oil and compare that with the proven oil reserves in Australia which are around two and a half billion,” did he declare.

“But of course it’s one thing to have abundant resources, it’s another to be able to access them.”

Unleashing Australia’s Largest Oil Supply

There has been much speculation about the potential of Theia Energy’s Great Sandy Desert project, located in the northwest Canning Basin – which has some of the largest onshore oil and gas reserves in the country.

A project fact sheet produced by the Perth-based company and dated 2018 suggested that of the estimated tens of billions of barrels of oil to be locked up in shale rock on their oil lease, six billion barrels were recoverable.

The oil discovery is described as “unconventional”, meaning it is encased in dense rock that will require hydraulic fracturing, or fracturing, to allow the oil to flow to the surface.

The company, which has been contacted for comment, also previously released a concept graphic showing a network of wells, pipelines and a new port on the Kimberley Coast to support the project should it develop successfully.

The conceptual development of Theia Energy’s oil project shows a network of pipelines, roads and ports.(Supplied by: Theia Energy)

Economic and social challenges ahead

Dr Aguilera, who is also an oil consultant, said the idea was promising, but there were many financial, logistical and social challenges for this fledgling industry.