By Devika Syamnath Nov 1 (Reuters) - Singapore and Indonesian stock markets closed higher on Wednesday as an extended gaining run in global oil prices lifted energy stocks, while Thailand slipped, dragged by industrials. Singapore shares gained 0.5 percent, marking their strongest close in nearly two-and-a-half years, as oil prices soared to their highest since mid-2015 on hopes that major producers would maintain their output cuts. "Brent has touched a two-year high and that's providing an uplift to oil and gas stocks. You can see oil and gas heavyweights are up more than 2 percent," said Joel NG, an analyst at Singapore's KGI Securities. Oil-rig builders Sembcorp Industries and Keppel Corp rose 3 percent and 2.1 percent, respectively, with Keppel touching its highest since August 2015. Indonesia rose 0.5 percent on stronger oil and foreign fund inflows, with financials and energy stocks leading the gains. "We expect the market to trend higher on the first trading day of November, supported by foreign net buying and steady price uptick of crude oil," analyst Taye Shim of Jakarta-based Mirae Asset Sekuritas said in a note. Oil and gas explorer Energi Mega Persada rose 3 percent while Indika Energy was up 3.1 percent. Investor sentiment was also boosted by Indonesia's annual inflation rate easing for a fourth straight month in October, reaching its lowest level since January, as price increases of some foods continued to slow. Vietnam surged 0.7 percent, helped by industrial and consumer staple stocks. Builder FLC Faros Construction closed at a record high, gaining 7 percent, and was the biggest boost to the index. Meanwhile, Thai shares lost 0.4 percent, dragged by industrials. Siam Cement shed 2 percent after it reported a 16 percent fall in third-quarter net profit on weak cement demand. Thailand's annual main consumer price index rose for a fourth straight month in October, slightly higher than forecasts, but the rate was still below the central bank's target, giving it room to keep monetary policy accommodative. The Philippine market was closed on Wednesday for a public holiday. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change on day Market Current Previous Pct Move close Singapore 3391.61 3374.08 0.52 Bangkok 1714.55 1721.37 -0.40 Jakarta 6038.146 6005.784 0.54 Kuala Lumpur 1743.93 1747.92 -0.23 Ho Chi Minh 842.71 837.28 0.65 Change on year Market Current End 2016 Pct Move Singapore 3391.61 2880.76 17.73 Bangkok 1714.55 1542.94 11.12 Jakarta 6038.146 5296.711 14.00 Kuala Lumpur 1743.93 1641.73 6.23 Ho Chi Minh 842.71 664.87 26.75 (Reporting by Devika Syamnath; Editing by Amrutha Gayathri)
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The global bioethanol market is estimated at USD 53.19 Billion in 2017 and is projected to reach USD 68.95 Billion by 2022, at a CAGR of 5.3% from 2017 to 2022. The market is driven by the increased demand for bioethanol from various end-use industry segments, such as transportation, pharmaceuticals, cosmetics, alcoholic beverages, and others. The transportation end-use industry segment led the global bioethanol market, in terms of volume, in 2016.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131222570Major Growth Drivers:
Starch-based feedstock is estimated to be the largest feedstock type in the global bioethanol market.
The starch-based segment is estimated to be the largest feedstock segment of the global bioethanol market. This feedstock type uses corn, barley, wheat, and other starch raw materials as feedstocks to produce bioethanol. Corn has the highest percentage of starch, about 70-72%. The growth in this segment is attributed to the rising demand from Asia Pacific and South America and the wide variety of feedstocks that can be used to produce starch-based bioethanol. The feedstocks used are available in almost all over the world.
Alcoholic beverages segment is estimated to be the fastest growing end-use industry segment of the global bioethanol market.
Among end-use industries, the alcoholic beverages segment is estimated to be the fastest growing end-use segment of the global bioethanol market. The growth of this segment is attributed to the increasing purchasing power in developing countries and the growing acceptance of drinking alcoholic beverages in some cultures.
North America contributes as the largest market of bioethanol
In 2016, North America accounted for largest share of the bioethanol market. Currently, the US is the largest market for bioethanol in North America, and is expected to continue to be the largest market till 2022. In the US, the demand for bioethanol is expected to increase due to the increasing government and environment regulations in the country. Regulations such as the Federal Reformulated Gasoline (RFG) and E15 regulations contribute to the growing use of bioethanol in fuels. The other driving factor for the bioethanol market is the low price of corn, which is a prime feedstock used in the production of bioethanol in the country. Many bioethanol manufacturers are based in this region.
Key companies profiled in the global bioethanol market research report include Archer Daniels Midland Company (US), POET LLC (US), Green Plains (US), Valero Energy Corporation (US), Flint Hills Resource (US), Abengoa Bioenergy SA (Spain), Royal Dutch Shell plc (Netherlands), Pacific Ethanol, Inc. (US), Petrobras (Brazil), and The Andersons (US).
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Electricity, coal, renewables, and emissions
Many of Indonesia’s oil and gas fields, both on and offshore, are coming to the end of their commercially viable operational lifespan. More than 60% of Indonesia’s oil and more than 30% of gas production comes from late-life-cycle resources spread across the world's largest island country. Despite investment and use of enhanced oil field recovery measures, as well as increasing automation to extend the economic lifespan of these assets, decommissioning will soon become necessary.
However Indonesia, like many countries new to the prospect of decommissioning energy infrastructure, face many key technological, fiscal, environmental, regulatory and industrial capacity issues, which need to be addressed by both government and industry decision makers.
This report, commissioned by the consulting and advisory arm of London and Aberdeen based Precision Media & Communications, aims to take a look at many of the issues Indonesia and other South East Asian oil producing nations are likely to face with the prospect of decommissioning the region's oil and gas aging energy infrastructure both onshore and offshore... To find out more Click here