Fluence Corporation Limited (ASX:FLC) (OTCMKTS:EMFGF) announced today that it has received a EUR3.9M contract for a wastewater treatment and waste-to-energy system for its customer ArcelorMittal. Fluence will design and build these systems for ArcelorMittal's steel mill in Ghent, Belgium, using innovative anaerobic digestion technology to produce biogas from off-gas fermentation byproducts.
2nd Annual Green Fuels & Vehicles China 2011 will be convened on April 7-8 in Beijing, China. This year the event will focus on exploring the technical and commercial roadmaps for alternative fuels and new energy vehicles, discuss the policy incentives, market outlook, technical innovations and charging infrastructure development of the industry. It is China's leading international networking and information exchange platform for new energy vehicle industry.
Latin American Iron and Steel Institute (ILAFA) Present the Latin American Iron and Steel Congress 2010
The Latin American Iron and Steel Institute (ILAFA) are proud to present the Latin American Iron and Steel Congress 2010, from the 24th-26th of October. The Congress will be held at the Hilton Hotel Buenos Aires between 9am and 4pm, with city tours and location visits to see and a beautiful luncheon at the Coleccion Restaurant which specialises in Mediterranean cuisine. After the event people can enjoy the city of Buenos Aires and its hot tourist spots such as the Buenos Aires City Tour, Fortabat Museum and Colon Theatre and a visit to the PROA Foundation.
The Australian market was stronger this morning after European Union finance ministers agreed to create emergency measures totalling more than 500 billion euro to help eurozone countries facing financing trouble. The fund involves 440 billion euro from eurozone governments and another 60 billion euro of loan funds coming from the European Commission.
Asian markets mostly opened lower today despite Wall Street gained for its sixth straight day on Thursday. Australian shares fell slightly as the market is taking a breather after rallies in the past several days. Yesterday Asian shares were encouraged by China's first quarter economic growth. China's National Bureau of Statistics said yesterday that its economy surged by 11.9 per cent in the March quarter, up from 10.7 per cent in the final three months of 2009. Japan's Nikkei 225 Average rose 0.6 per cent and South Korea's Kospi was up 0.5 per cent. Hong Kong and Australia markets posted small gains. China's Shanghai Composite ended flat.
Overnight US shares ended with modest gains helped by better-than-expected retail sales data and upbeat broker comments. But investors were still cautious ahead of the release of the non-farm payrolls data. Most Asian stocks declined Thursday. China's Shanghai Composite lost 1.9 per cent over fears of possible rates rise while Chinese central bank is tightening liquidity in the interbank money markets.
China has become a major coal buyer for Australian miner Macarthur Coal Ltd (ASX:MCC) due to weaker demand from its traditional customers such as Japan, Korea and Taiwan.
ArcelorMittal (NYSE:MT), the world's largest steel producer, is to source more equipment from India and China for its greenfield projects worldwide.