Press straw into cattle and sheep feed through feed pellet machine, which is a popular method in recent years. The emergence of the grass pellet machine has realized the reuse of straw. In a sense, it is an environment friendly equipment. Te world have abundant grass resources. If they are used effectively, they can not only solve the problem of grass straw, but also increase income for farmers and improve the rural environment.
The grass pellet machine press crushed stalks and grass into pellets. This kind of pellets can be used as feed for cattle and sheep and used in livestock breeding.
The feed pellet machine can not only compress corn stalks, but also various feed materials such as corn, bran, soybean meal, and cotton meal. Therefore, farmer can use these raw materials with reasonably matched and pressed into nutrient-rich pellet feed for cattle and sheep. Moreover, no additives are needed in the pressing process of pellet feed. The pellet feed will experience high temperature during pressing, which will kill a lot of bacteria, and will make the pellets appear semi-cooked state, which makes them taste natural and sweet.
Many farm owner have started to make their own feed. Using the raw materials around farm, They can combine with his own actual situation, suppresses the feed that belongs to his own poultry and livestock. This is the special feature of the feed pellet machine.
How much does the feed pellet machine price ?
There are several factors related to the feed pellet machine. That is output and power. Each machine has its power and output. Feed pellet machine manufacturers provide a variety of models of pellet machines, and the output of each model is different. Since the output is different, the power is also different, and the price is naturally different. This point needs to be clearly understood by everyone.
The large output of the grass pellet machine can reach 1200kgs per hour, and there are various engine types such as electric motor, diesel engine and gasoline engine. When each user chooses his own feed pellet machine according to his own situation. And provide a variety of pellet machine grinding disc aperture, 2.5-10mm are available, a variety of grinding disc aperture settings, which means that a variety of different diameter particles can be compressed, suitable for a variety of livestock.
Corn stalks and grass are made into feed for cattle and sheep, which reduces the phenomenon of human and livestock competing for food, and enables the rational use of corn stalks. The feed pellet machine has become a new type of environmental protection equipment. People also use pellet machines to press straw into pellet fuel for use. This fuel is pollution-free and is a clean energy source. In short,the pellet machine has great market in the future.
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It makes for a great headline. “Supermajor X reports bumper financials and a return to pre-pandemic profit levels.” After taking a hammering over 2020 as Covid-19 drastically reduced fuel consumption, a combination of the global economy re-opening and crude oil prices strengthening back to pre-Covid levels have allowed the world’s energy supermajors to record strong Q1 2021 financial results. And those great results are to the benefit of shareholders too.
BP kicked off this earnings seasons with a headline just like that. Trumpeting ‘better-than-expected’ earnings for Q1 2021, its results heralded a return to stabler footing after a prolonged period of uncertainty, with CEO Bernard Looney stating that the ‘results really answer many of those questions (of risk).’ Net profits came in at US$2.6 billion, significantly higher than the market estimate of US$1.4 billion and above the Q1 2020 net profit of US$791 million. BP attributed its performance to strong oil prices and refining margins, as well as exceptional natural gas marketing and trading performance. Net debt also fell to US$33.3 billion, meaning BP had hit its target of reduction to US$35 billion as planned. The latter raised some eyebrows, given suspicions that BP’s canny trading unit may have struck a bonanza during the chaotic winter storm that plagued Texas in March, although BP was coy on the extent to which it had profited from that crisis. Still, the results speak for itself. And shareholders will now benefit with BP stating its intention to resume share buybacks of some US$500 million in Q2 2021. It seems to be proof that even though BP has created many headlines about transitioning into a post-oil and gas supermajor, it is and will remain a traditional energy powerhouse for a while.
Royal Dutch Shell followed, announcing net profits of some US$3.23 billion, up from US$2.86 billion y-o-y and above the average analyst expectations of US$3.06 billion. This was, again, a return to pre-pandemic levels of profit. Like BP, Shell had also taken advantage of its stronger financial position to pare down net debt by US$4.1 billion. And like BP, Shell has also restored its dividend position, raise payouts by 4% after slashing it (though not entirely) in 2020. Chemicals were a particular bright spot in its portfolio, and many Wall Street and City analysts believing that Shell will also resume its share buyback programme – once one of the largest in the world – in 2022, if not earlier.
France’s Total rounded off the European swathe of earnings announcements, which included a restoration to 2019 of net profits for the likes of Equinor, Eni and Repsol. Unlike BP and Shell, which had either halted or reduced dividends throughout the pandemic, Total had maintained its payout over the period. Net profits hit US$3 billion, up 69% y-o-y and above market expectations of US$2.35 billion, driven by the natural gas and power segment, with gas trading also singled out as a bright spot, for the same reasons as BP. With less pressure on Total to up its dividends payout, the French supermajor announced that it would be funnelling cash into new energy projects to fuel its transition into a clean energy powerhouse, just like BP.
On the other side of the (Atlantic) pond, the results were slightly different. Chevron managed to report a net profit of US$1.72 billion, which was lower than Q1 2020 net profits of US$2.45 billion. This was attributed weaker refining margins and the aftermath of the Texas winter storm that affected US supermajors and majors more given their wider footprint in the downstream sector there. Nonetheless, free cash flow was a major bright spot, supporting an increased dividend payout, though that itself was driven by a 43% reduction in capital expenditure as Chevron retreated from its most risky and costly mega projects.
ExxonMobil rounded off this earnings season, with net profits of some US$2.7 billion, a rebound from last year’s first quarter loss of US$610 million. This was probably the most closely watched of all the supermajor results, given the swings that ExxonMobil had taken financial across the Covid-19 pandemic period in regards to asset impairments. Like Chevron, ExxonMobil announced that it had been severely impacted by the Texan winter storm – to the tune of some US$600 million. Unlike BP and Total, ExxonMobil (and Chevron) does not have as strong a trading desk presence in natural gas globally to offset the on-the-ground operational and production losses from the deep freeze. The results are still exemplary though, but pressure will now build on ExxonMobil to restore its share buyback programme that was halted in 2016, especially now that BP has jumped the gun on that area.
All in all, this earnings season will be a relief to the energy industry and its investors. It is proof that the industry has weathered the largest disruption to the global economy since World War II, and is capable to reorganising quickly to bounce back when conditions change. The threat of Covid1-19 is still ever present – particularly with the risk of virus mutations – but for the investors that stuck with the supermajors throughout the crisis, it is time to reap rewards.
End of article
Energy exports from the United States exceeded imports by 3.4 quadrillion British thermal units (quads) in 2020, the largest margin on record, according to EIA’s Monthly Energy Review. U.S. energy exports totaled 23.4 quads, nearly equaling the record high set in 2019, and energy imports fell 13% to 20.0 quads, the lowest level since 1992. The United States exported more energy than it imported for the second consecutive year.
Our Monthly Energy Review reports aggregate totals of energy data in different physical units (barrels, cubic feet, etc.) by converting them into common units of heat, measured in British thermal units. The aggregate heat contents of petroleum, natural gas, and coal vary based on the mix of component products being consumed.
Source: U.S. Energy Information Administration, Monthly Energy Review
Decreases in crude oil and natural gas imports largely drove last year’s change in U.S. energy trade. U.S. crude oil exports have increased every year since 2010 and reached another record high in 2020. In 2020, the United States exported more crude oil—3.2 million barrels per day (b/d)—than any other petroleum product. U.S. crude oil imports fell to 5.9 million b/d, the lowest level since 1991.
Gross exports of natural gas, which have increased every year since 2014, reached a record high of 14.4 billion cubic feet per day (Bcf/d) in 2020. Gross imports of natural gas fell to 7.0 Bcf/d, the lowest level since 1993.
Trade volumes of coal and other fuels account for relatively small portions of U.S. total energy trade. U.S. coal exports, which had increased in 2017 and 2018, decreased in both 2019 and 2020. More information about total energy consumption, production, trade, and emissions is available in our Monthly Energy Review.
Based on all announced corporate press releases, the amount of debt and equity issued among publicly traded independent U.S. exploration and production (E&P) companies totaled $4.4 billion in March 2021, the most since August 2020. EIA analyzed and compiled the amounts via Evaluate Energy, a data service that tracks financial information for all publicly traded oil companies. Since September 2020, the amount of issued debt and equity has increased from the previous month in all but one month.
We based our analysis primarily on the published financial reports of publicly traded companies, so the conclusions do not necessarily represent the sector as a whole because the analysis does not include private companies that do not publish financial reports.
One reason U.S. E&P companies are issuing more debt and equity is to take advantage of increasing crude oil prices. Crude oil prices have been steadily increasing since reaching multiyear lows in 2020. Brent crude oil prices averaged less than $40 per barrel (b) from March 2020 to May 2020 and have since increased, averaging more than $65/b in March 2021. Since crude oil prices began increasing, U.S. crude oil producers have been raising debt and equity to refinance debts, resume drilling activities, or purchase acreage.
In addition to higher crude oil prices, low interest rates have lowered the cost of debt and have likely contributed to the recent growth in issuing debt and equity. The Federal Reserve System’s Federal Open Market Committee has held the federal funds rate, which affects interest rates across the market, at a target of 0.00% to 0.25% since March 2020.
Corporate bond yields have also been low in the United States, contributing to lower interest rates on new bonds that companies issue and reducing the cost of issuing debt. For example, the Moody’s seasoned AAA corporate bond yield, which represents average bond yields for investment grade companies across the market, averaged 2.70% in February, which is lower than the 2011–20 average of 3.78%. In addition, corporate bond yields specific to energy sector companies with a rating lower than investment grade are at multiyear lows.
Because U.S. producers have increased access to debt and equity (among other factors), we forecast that U.S. crude oil production will increase from 10.7 million barrels per day (b/d) in first-quarter 2021 to 12.2 million b/d in fourth-quarter 2022.
Source: U.S. Energy Information Administration, based on Evaluate Energy
Note: Analysis includes only publicly traded U.S. exploration and production companies.