-- Scotts Contracting - StLouis Renewable Energy

Search This Blog

7.20.2010

Green Basement Ideas and Products

Green Basement Ideas for your Home.  Follow up Post to:
http://stlouisrenewableenergy.blogspot.com/2010/07/wet-basement-suggestions.html

Added bonus is the top 6 Mistakes in Basement Remodeling.

For assistance in your basement renovations Scotts Contracting will supply a free green estimate on your project.

Additional Basement Ideas at:


  • St Louis Renewable Energy: Basement Stairway Ideas Part 1If the upstairs hall and basement floor are both carpeted, you'll likely want to carpet the stairs as well. If you're building new stairs or relocating the current ones, consider which areas you're connecting before you decide on ...
Learn More About How You Can Have A Green Basement!
You aren't going to be gardening with that green thumb, you're going to be remodeling your basement with green basement finishing products and thumbing through all the money you just saved with a more energy efficient finished basement!

Your home isn't going green, it's staying green! Although being more energy efficient and conscious of your energy emissions is the new trend for most homeowners and business moguls, it's time for every homeowner who wants a green basement to have a green basement. Maybe you have believed that going green is more expensive, the way the organic vegetables are nearly double the price of the "had-beens" that are other vegetables.

But, if you want a more energy efficient basement, and lower energy costs, you have got to invest in some green basement finishing products.
What's the Benefit?
So, why are you finishing your basement anyway? If you want to have more living space or update your home with a customized room, or maybe you've heard that you can upgrade your basement with new and/or green products that you will save money -- you're right! If you want any of these for your home, then you can see the great benefit in remodeling your basement, especially to save a dollar, or a couple hundred.
Some basement finishing companies actually offer green products, from ceiling tiles to flooring.

Green Products
Ceiling Tiles: How could a ceiling tile be green? Well, it would have to be able to withstand a lot of damage and last a long time, therefore saving you money from all those replacements. It would also have to be made at such a high quality that it tightly seals and helps maintain the appropriate temperature. And, of course a recyclable product is always a bonus. Did you know that some metal framings, where the ceilings are installed, are actually recyclable and are known to last for decades? It's true.

Wall Panels: You know that insulation helps maintain temperatures, and that's why it's important to have the best quality insulation in your basement.
In particular, some insulation is actually 94 percent less ozone-depleting than all the other insulation on the market.

Not only is the wall's insulation green, but so is the wall board. A wall board can be found that is made with 95 percent certified recycled materials.
So, it might be wise to reconsider using that drywall and fiberglass on your basement walls. Oh, and by the way, by avoiding these two products and choosing the right ceiling tiles you could save up to $400 a year! Is that green enough for you?!

Basement Windows: We've now reached the belt of your head-to-toe green basement transformation; the windows. Some windows are just grisly to the eyes. You know the ones. They resemble the wood that a clan of termites just had for dinner. Wood can rot, corrode, and need updates such as new coats of paint. And, because wood can get moist when it's hot, or obviously if it gets wet, then it can become a habitation for mold.

So, what's your alternative? When you choose the vinyl window design you will own windows that will not corrode, rot, need paint, or welcome mold growth. Considering this vinyl design will also lessen the drafts that are all too common to most windows. Thus, your new windows will be conserving energy.
On average, your vinyl window, when compared to the single-paned, steel-framed window, could save you 30 percent or more!

What's the other part of a window besides the frame? The glass. With something called Low-E glass you can lessen the pounding heat in the summer and the squalls of wind in the winter.

Laminate Flooring: This can become the most essential aspect of your green basement. Think about this: after some research you will find that some floors are made of laminate. According to floor facts, laminate flooring has many more benefits when compared to pre-finished engineered hardwood flooring.
Laminate flooring ranks as having very good or excellent performance in resisting scratches, stains, fades, impacts, and easy maintenance.

Additionally, yes there's more, some laminate flooring is made from post-consumer products, and is recyclable. As for the o-zone, that's coming in at a big, fat ZERO.

Flooring can also have a huge influence on your health, as many other household items or appliances. Chemicals are used more prevalently than you think, and can be polluting your home. But with some laminate flooring, you can sleep better knowing they do not contain lead, cadmium, mercury, or formaldehyde.
Remember, mold loves to grow in moist climates, so it's best to have mold resistant products, like the vinyl windows we just discussed. But, your laminate flooring can come waterproof, and you know that, no water means no mold!
As laminate flooring lasts for what seems forever, your investment in laminate flooring will outlast any other flooring. Therefore, by purchasing laminate, you're saving money while going green.

Tiled Flooring: It has some similar benefits that we saw in laminate flooring. The tiles are made with post-consumer products and are fully recyclable. They are also very long lasting.

Isn't it always a shock to your poor little feet when you scurry across your chilly concrete basement floor? It's almost as if you're playing a game -- the floor's made of ice, get to a carpet for safety! But seriously, cold floors are uncomfortable. With special tiles in your basement, you can expect the floors to be about 8-10 degrees warmer.

Basement Dehumidifier: So, we have learned how to make your basement green from ceiling to flooring, but there's one more thing you must consider; the air.
No one wants a musty, muggy basement, so by choosing not only green materials, but waterproof materials as well, you are almost to the point of completely removing moisture from the basement environment. With an Energy Star rated basement dehumidifier you can remove so much moisture and allergens, too! With particular dehumidifiers you can eliminate up to 110 pints of water each day without even having to empty a bucket!

Top Six Mistakes People Make in Basement Remodeling Projects

June 23rd, 2010 by cynthia
Almost everyone who owns a house with an unfinished basement, dreams of having it finished. How can you not think of it? After all, an unfinished basement is a whole floor's worth of space that can be easily turned into any type of room your family needs.

However, basement finishing projects are hardly inexpensive and, because basements are like no other room in the house, there are special challenges when it comes to choosing the best finishes and configuration. Basements usually house utilities, plumbing, wiring. They are also quite prone to moisture and water accidents. All of which must be taken into consideration before you tackle your project. Making the wrong choices, can literally spell disaster.

Below are the six most common mistakes homeowners make in basement remodeling projects:

1 – Finishing a Wet, Damp or Flood Prone Basement
Because of the way they are built, basements are always prone to moisture and floods.

Your basement is basically a box of porous concrete, buried in wet ground, and when that ground gets saturated with water, the resulting hydrostatic pressure pushes the water against the foundation walls. That water will eventually find its way into your basement, through cracks, the joint between walls and floors, as infiltrating the concrete through capillary action. To make matters worse, basements can also be flooded by plumbing leaks, broken water heater tanks and other water accidents. Without proper drainage, a reliable sump pump system, and proper dehumidification, no basement is dry enough to be finished.

2 – Using wood studs, fiberglass insulation and drywall.

While these materials work well when finishing rooms above grade, in a basement they usually spell disaster. Basements are naturally humid, and all these materials have the tendency to absorb moisture. They are also made with organic compounds: wood, paper and, in the case of fiberglass, a urea based adhesive is used to hold the batch together.

When you combine moisture with organic matter, you create ideal conditions for mold to develop. In addition, fiberglass loses all its R-Value when damp and drywall, in contact with water, will begin to decompose and release toxic fumes. Basement walls should be finished with 100% inorganic and waterproof materials that will survive a basement flood or water accident.

3 – Using wooden subfloors, hardwood floor, cork or bamboo.

Basically, anything that is made with organic materials is a bad idea for basements. Manufacturers might tell you that these products are either naturally "mold resistant" or are chemically treated to be so. Some wooden basement subfloor manufacturers might claim that the product has a vapor barrier and it is raised from the floor to keep the wood from soaking the moisture from the slab. However, read the small print. None of them really stand a chance to survive a flood, which can be caused by a plumbing leak, for example. Look for basement flooring solutions that are specifically engineered to withstand all sorts of basement moisture conditions.


4 – Improper use of vapor barriers

Many contractors will tell you that if you attach poly sheets all over the walls and the floor of the basement, you can pretty much use any type of finish you want, because the "vapor barrier" will protect the materials. Some will have an even worse suggestion: Placing the vapor barrier over the studs and the fiberglass, and then attach the drywall. According to the US Department of Energy's Building America Best Practices recommendations, moisture from basement walls and floors should be allowed to evaporate and dry to the interior. This kind of vapor barrier will only do one thing: trap the water vapor between the concrete and the barrier, where it can condensate, and can cause mold to grow.

5 – Not having a backup sump pump

Every year in Wisconsin, millions of dollars are spent on basement flood cleanup, restoration and replacement of flood-damaged property. To make matters worse, the damage is never covered under homeowners insurance, and even special flood insurance establishes coverage limits when it comes to basements. Even if your basement is properly waterproofed and has a good working sump pump, without a battery operated backup sump pump, you are at risk for a basement flood. Keep in mind that the same storms that have the potential to flood your basement can also cause power outages. No power, no pump! Battery backups are also useful in case of a primary pump failure or other electrical malfunction.

6 – Disregarding moisture control.

You did all the right things when finishing your basement. You provided drainage, a good sump pump with battery backup. You chose all the right materials for the walls, floor and ceiling. Yet your basement smells musty or you found some mold spots growing in the furniture, fabrics or paper. Although proper waterproofing and good basement finishing choices can greatly improve conditions in the basement, in some cases they will not suffice to control the moisture in the basement.

Basement moisture levels tend to be higher because of temperature differences between the basement and the areas above grade. When basement moisture levels go above 60% mold will start to develop, especially in organic surfaces. Even if you don't see it, if the basement smells musty, the mold is present. Basement moisture levels should be closely monitored and a dehumidifier should be used to keep RH levels at or below 55%.


  • For beautiful, impeccably finished, basement remodeling in Milwaukee, Wisconsin trust LakeSide Total Basement Finishing.
  • As an authorized Total Basement Finishing dealer, Lakeside offers 100% waterproof and mold resistant green basement finishing systems.
  • Cynthia Freeney is the Social Media and Web Reputation Manager for Total Basement Finishing.
  • Article Source: http://EzineArticles.com/?expert=Cynthia_Freeney

--
Scott's Contracting
scottscontracting@gmail.com

7.19.2010

Wet Basement Suggestions

2 Posts for Basement Projects and Dealing with wet and damp basements. Great Read for everyone with wet basement troubles. Added bonus is the top 6 Mistakes in Basement Remodeling.

For assistance in your basement renovations Scotts Contracting will supply a free green estimate on your project.

Additional Basement Ideas at:



Think about who will sleep in the basement and the amenities they'll need to help you determine the best dimensions. To comfortably fit a double bed, you'll need a room with a minimum of 125 square feet. If twin beds will serve your ...
If the upstairs hall and basement floor are both carpeted, you'll likely want to carpet the stairs as well. If you're building new stairs or relocating the current ones, consider which areas you're connecting before you decide on ...


Basement Bathroom Ideas Part 1 of 2
clipped from Google - 7/2010


Article 1- by. Superior Basement Systems

How to Dry Out your Wet Basement

How to make your basement dry and keep it dry all the time.
How to Dry Out your Wet Basement
If you have a really wet or flooding basement, the first thing you want to do is find where the water is coming in from. If possible, seal off the water source to keep additional water from entering your basement.
Clean Up Begins

Then, get all carpeting, drywall, boxes of personal belongings, and any other ruined, wet materials out of the basement area all together. Since basements have little to no sunshine, they are breeding grounds for mold and mildew growth. That means you need to remove any wet material from the basement or it will probably mildew, mold and rot. Plus, if you don't remove wet materials, they will probably take on a non-pleasant odor that will permeate your basement space. Be especially careful to check all drywall and boxes, as they may not appear to be wet or damp but in fact are just that.

Conditioning the Air
Once you remove all the wet materials from the basement, condition the air using an industrial strength dehumidifier. What this does is wring out the moisture in the air and dry it. You can even hook up the dehumidifier to a hose to drain outside so you don't have to empty the dehumidifier - it automatically goes outside and away from your home!

An industrial strength dehumidifier is best, as it can handle much more air capacity than a regular home dehumidifier. The dehumidifier's cooling core, which helps condition the moist air, is much larger in an industrial model than in a model you find at your local home improvement store. With an industrial dehumidifier, this means less moisture in your basement and less potential for mold and mildew to grow - who doesn't want that?

Get a Sump Pump
Next you'll want to make sure you have a sump pump installed. Any responsible basement waterproofing contractor will advise you to place the sump pump in the lowest point of the basement. Since water seeks usually seeks the lowest point first, a sump pump is most effective in the low spot. Also, when a drainage system is installed, you'll want the system to be pitched to that low spot to work effectively.

Once enough water is in the sump pump, the pump kicks on and pumps water through a discharge line which then leaves your home. Secondary pumps and back-up sump pumps are also a great idea in case the first pump can't keep up with water demand or if the power is out. Since most homeowners aren't in their basement each and every day, sump pump alarms are a good idea, too. A sump pump alarm alerts you when water rises past the point where the sump should have turned on. This means less worrying and stress for you on a daily basis.

Top Six Mistakes People Make in Basement Remodeling Projects

June 23rd, 2010 by cynthia

Almost everyone who owns a house with an unfinished basement, dreams of having it finished. How can you not think of it? After all, an unfinished basement is a whole floor’s worth of space that can be easily turned into any type of room your family needs.

However, basement finishing projects are hardly inexpensive and, because basements are like no other room in the house, there are special challenges when it comes to choosing the best finishes and configuration. Basements usually house utilities, plumbing, wiring. They are also quite prone to moisture and water accidents. All of which must be taken into consideration before you tackle your project. Making the wrong choices, can literally spell disaster.

Below are the six most common mistakes homeowners make in basement remodeling projects:

1 – Finishing a Wet, Damp or Flood Prone Basement
Because of the way they are built, basements are always prone to moisture and floods.

Your basement is basically a box of porous concrete, buried in wet ground, and when that ground gets saturated with water, the resulting hydrostatic pressure pushes the water against the foundation walls. That water will eventually find its way into your basement, through cracks, the joint between walls and floors, as infiltrating the concrete through capillary action. To make matters worse, basements can also be flooded by plumbing leaks, broken water heater tanks and other water accidents. Without proper drainage, a reliable sump pump system, and proper dehumidification, no basement is dry enough to be finished.

2 – Using wood studs, fiberglass insulation and drywall.
While these materials work well when finishing rooms above grade, in a basement they usually spell disaster. Basements are naturally humid, and all these materials have the tendency to absorb moisture. They are also made with organic compounds: wood, paper and, in the case of fiberglass, a urea based adhesive is used to hold the batch together.

When you combine moisture with organic matter, you create ideal conditions for mold to develop. In addition, fiberglass loses all its R-Value when damp and drywall, in contact with water, will begin to decompose and release toxic fumes. Basement walls should be finished with 100% inorganic and waterproof materials that will survive a basement flood or water accident.

3 – Using wooden subfloors, hardwood floor, cork or bamboo.
Basically, anything that is made with organic materials is a bad idea for basements. Manufacturers might tell you that these products are either naturally “mold resistant” or are chemically treated to be so. Some wooden basement subfloor manufacturers might claim that the product has a vapor barrier and it is raised from the floor to keep the wood from soaking the moisture from the slab. However, read the small print. None of them really stand a chance to survive a flood, which can be caused by a plumbing leak, for example. Look for basement flooring solutions that are specifically engineered to withstand all sorts of basement moisture conditions.

4 – Improper use of vapor barriers
Many contractors will tell you that if you attach poly sheets all over the walls and the floor of the basement, you can pretty much use any type of finish you want, because the “vapor barrier” will protect the materials. Some will have an even worse suggestion: Placing the vapor barrier over the studs and the fiberglass, and then attach the drywall. According to the
 US Department of Energy’s Building America Best Practices recommendations, moisture from basement walls and floors should be allowed to evaporate and dry to the interior. This kind of vapor barrier will only do one thing: trap the water vapor between the concrete and the barrier, where it can condensate, and can cause mold to grow.

5 – Not having a backup sump pump
Every year in Wisconsin, millions of dollars are spent on basement flood cleanup, restoration and replacement of flood-damaged property. To make matters worse, the damage is never covered under homeowners insurance, and even special flood insurance establishes coverage limits when it comes to basements. Even if your basement is properly waterproofed and has a good working sump pump, without a battery operated backup sump pump, you are at risk for a basement flood. Keep in mind that the same storms that have the potential to flood your basement can also cause power outages. No power, no pump! Battery backups are also useful in case of a primary pump failure or other electrical malfunction.

6 – Disregarding moisture control.
You did all the right things when finishing your basement. You provided drainage, a good sump pump with battery backup. You chose all the right materials for the walls, floor and ceiling. Yet your basement smells musty or you found some mold spots growing in the furniture, fabrics or paper. Although proper waterproofing and good basement finishing choices can greatly improve conditions in the basement, in some cases they will not suffice to control the moisture in the basement.

Basement moisture levels tend to be higher because of temperature differences between the basement and the areas above grade. When basement moisture levels go above 60% mold will start to develop, especially in organic surfaces. Even if you don’t see it, if the basement smells musty, the mold is present. Basement moisture levels should be closely monitored and a dehumidifier should be used to keep RH levels at or below 55%.


--
Scott's Contracting
scottscontracting@gmail.com

Wave Power-Renewable Energy

While watching the Great Show: Powering the Future (http://stlouisrenewableenergy.blogspot.com/2010/07/powering-future-episode-guide-discovery.html) Discovery Channel show last night. I've decided to research into Renewable Energy via the Oceans. The 'World of Renewables' has some interesting information I'm sharing in its entirety. What is Wave power? Wave power refers to the energy of ocean surface waves and the capture of that energy to do useful work - including electricity generation, desalination, and the pumping of water (into reservoirs). Wave power is a form of renewable energy. Though often co-mingled, wave power is distinct from the diurnal flux of tidal power and the steady gyre of ocean currents. Wave power generation is not a widely employed technology, with only a few experimental sites in existence. In general, large waves are more powerful. Specifically, wave power is determined by wave height, wave speed, wavelength, and water density. Wave size is determined by wind speed and fetch (the distance over which the wind excites the waves) and by the depth and topography of the seafloor (which can focus or disperse the energy of the waves). A given wind speed has a matching practical limit over which time or distance will not produce larger waves. This limit is called a 'fully developed sea.' The north and south temperate zones have the best sites for capturing wave power. The prevailing westerlies in these zones blow strongest in winter. Wave motion is highest at the surface and diminishes exponentially with depth; however, wave energy is also present as pressure waves in deeper water. The potential energy of a set of waves is proportional to wave height squared times wave period (the time between wave crests). Longer period waves have relatively longer wavelengths and move faster. The potential energy is equal to the kinetic energy (that can be expended). Wave power is expressed in kilowatts per meter (at a location such as a shoreline). The formula below shows how wave power can be calculated. Excluding waves created by major storms, the largest waves are about 15 meters high and have a period of about 15 seconds. According to the formula, such waves carry about 1700 kilowatts of potential power across each meter of wavefront. A good wave power location will have an average flux much less than this: perhaps about 50 kW/m. Challenges The fundamental challenges of wave power are: efficiently converting wave motion into electricity... generally speaking, wave power is available in low-speed, high forces and motion is not in a single direction. Most readily-available electric generators like to operate at higher speeds, with lower input forces, and they prefer to rotate in a single direction. constructing devices that can survive storm damage and saltwater corrosion. Likely sources of failure include seized bearings, broken welds, and snapped mooring lines. Knowing this, designers may create prototypes that are so overbuilt that materials costs prohibit affordable production. low total cost of electricity... wave power will only be competitive when total cost of generation (p/kWhr) is reduced. The winning team will be the one that develops the lowest-cost system (which includes the primary converter, power takeoff system, mooring system, installation & maintenance procedures) While the industry has suffered too many failures to continue, it has benefited in recent years from increases in support from governments, universities, and angel investors. Several promising prototypes are now in operation. State of the art methods Existing wave power devices are categorized by the method used to capture the energy of the waves, by the intended location, and by the power take-off. Method types are wave power point absorber, occupying a small area; wave power attenuator, occupying a line parallel to wave propagation; and wave power terminator, occupying a line perpendicular to wave propagation. Locations are shoreline, offshore, and deep water. Types of power take-off include these: hydraulic ram, elastomeric hose pump, pump-to-shore, hydroelectric turbine, air turbine, and linear electrical generator. Systems include oscillating water column, articulated pontoon, wave pump, anchored buoy, fixed buoy, and overtopping reservoir. Several of these designs incorporate parabolic reflectors as a means of increasing the wave energy at the point of capture. These are descriptions of some wave power systems: The AquaBuOY wave energy device: Energy transfer takes place by converting the vertical component of wave kinetic energy into pressurized seawater by means of two-stroke hose pumps. Pressurized seawater is directed into a conversion system consisting of a turbine driving an electrical generator. The power is transmitted to shore by means of a secure, undersea transmission line. A pontoon lying in the water is driven by wave action to push or pull an electrical generator. (See Pelamis Wave Energy Converter.) Wave action compresses air in a tunnel which drives the vanes of a generator. A device called CETO, currently being tested off Fremantle, Western Australia, has a seafloor pressure transducer coupled to a high-pressure hydraulic pump, which pumps water to shore for driving hydraulic generators or running reverse osmosis desalination. Waves overtop the side of a reservoir, and the water in the reservoir runs hydroelectric generators. Potential Wave power could yield much more energy than tidal power. Tidal dissipation (friction, measured by the slowing of the lunar orbit) is 2.5 terawatts. The energy potential of waves is certainly greater, and wave power can be exploited in many more locations. Countries with large coastlines and strong prevailing winds (notably, Ireland and the UK) could produce five percent or more of their electricity from wave power. Excess capacity (a problem common with intermittent energy sources) could be used to produce hydrogen or smelt aluminum. Article found at: http://www.worldofrenewables.com/knowledge_tech_wave_power.html -- Scott's Contracting scottscontracting@gmail.com http://www.stlouisrenewableenergy.blogspot.com http://www.stlouisrenewableenergy.com scotty@stlouisrenewableenergy.com

Another Oil Spill :(

Another Oil Spill

I believe its time to start looking elsewhere for our Energy Supplies.  Supplying this article as it was found :(

China seals oil port after spill

BEIJING (Reuters) – One of China's biggest ports, Dalian, shut on Monday after an offshore pipeline explosion triggered a major oil spill, forcing a refinery to cut processing and importers to divert cargoes elsewhere.

The aftermath of the weekend fire could disrupt shipments of oil, iron ore and soy and add to pressure for stricter environmental standards in China, already reeling from a toxic copper mine leak in the south of the country which burst into headlines last week amid accusations of a cover up.

The blaze began late on Friday when two pipelines exploded as crude oil was being off-loaded from the Cosmic Jewel, a Liberian-registered ship chartered by PetroChina.

Nobody was hurt, but hundreds of firefighters battled for more than 15 hours to douse the fire, and state media said about 1,500 metric tons of oil had spilled into the sea, causing a 183 sq km (71 sq mile) slick, 50 sq km of which was "severe."

As many as six more Very Large Crude Carriers (VLCCs), or 12 million barrels of crude oil, are set to be diverted, shipping sources said, possibly to South Korea or any one of another half dozen VLCC terminals in China.

Dalian's Xingang oil port is home to a 19 million barrel strategic petroleum reserve facility, one of China's four state storage bases already in operation, as well as commercial storage run by CNPC and PetroChina that may be even bigger.

It is also a transfer spot for two major refineries, Dalian Petrochemical Corp and WEPEC, both operated by PetroChina with a combined processing capacity of 600,000 barrels per day (bpd).

PetroChina has set up a contingency plan to cope with one week's closure of the main oil port that receives crude shipments regularly and is also an export hub for gasoline and diesel.

Industry sources are divided on how long the port will stay shut, with some estimating between seven and more than 10 days, but officials could not give a timeframe.

PetroChina has started trimming refinery operations at one of the plants, the 200,000 bpd WEPEC, by "several thousand tons" per day.

"The port was sealed right after the explosion. We have a one-week contingency plan, but are hoping that the oil spill can be cleaned up as soon as possible," an oil executive said.

The incident drew the attention of top Chinese officials, including President Hu Jintao, Premier Wen Jiabao and security chief Zhou Yongkang, who all issued statements and instructions during the blaze. But port officials did not show up at a news conference on Monday morning, a city government official said.

Workers are using skimmers and dispersants to break up the oil slick and stop it spreading, the official China Daily said. The pollution is concentrated about 100 km (62 miles) offshore.

"By Sunday evening, about 7,000 meters of floating booms had been set up and at least 20 oil skimmers were working to clean the spill," the newspaper quoted local officials as saying.

There are no residents within 3 km (1.8 miles) of the affected site, and little "marine farming," the report added.

MARKET IMPACT EYED

While the main oil facilities at the port were not damaged, a Dalian-based shipping agent told Reuters that 80-90 percent of all the berths of Dalian port, which includes Xingang, were shut, including for iron ore and grain cargoes.

Dalian customs authority has handled about 10 percent of China's soy imports so far this year, with $175 million worth arriving in May, the last month for which figures are available.

"We aren't sure yet how much of the port is closed or for how long it will be closed but if it isn't just confined to the Xingang area then the impact on soybean imports is going to be massive," said Li Qin, an analyst Capital Futures in Beijing.

"If the port is closed the volumes are bound to drop. Imports were actually rising in June and there are a huge number of orders that can't just be canceled or diverted to other ports."

But other soy market participants played down the importance of the accident, saying many buyers were well supplied, and the port was already congested, so a few days more made no odds.

Dalian Port, whose shares fell 5 percent, said the accident had not caused any direct damage to the oil terminal's main facilities, the impact being limited to ancillary facilities such as control systems, but it was still assessing the effect on its operations.

Oil analysts played down comparisons with BP Plc's spill in the Gulf of Mexico and said PetroChina's parent, China National Petroleum Corp, could easily cover the cost of the damage.

"It's not going to be a major cost in the big scheme of things. It's going to be in the tens of millions of dollars, not tens of billions of dollars," said David Johnson at RBS, who estimated the cost at $50 million.

"The question is, who owns the oil in the tanker and whether the oil is insured. But some of them will have to pay the clean-up costs. The question is, who's going to be liable? It's like the BP story -- whose fault is it?"

(Additional reporting by Wee Sui-Lee in Hong Kong, Ruby Lian in Shanghai and David Stanway in Beijing; Luke Pachymuthu, Florence Tan and Naveen Thukral in Singapore; Editing by Ramthan Hussain)



--
Scott's Contracting
scottscontracting@gmail.com
http://www.stlouisrenewableenergy.blogspot.com
http://www.stlouisrenewableenergy.com
scotty@stlouisrenewableenergy.com

Connect with Scotts Contracting

FB FB Twitter LinkedIn Blog Blog Blog Blog Pinterest

Featured Post

Perfect Aircrete, Kitchen Ingredients.