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Indian Renewable Energy Development Agency Ltd. (IREDA) has opened an office in GIFT City, Gandhinagar, which will specialize in providing debt options denominated in foreign currencies. This will facilitate natural hedging and significantly reduce the financing costs for Green Hydrogen and Renewable Energy Manufacturing projects. The strategic initiative which would contribute to the country’s journey
Electric, the leader in the digital transformation of energy management and automation, has announced it will join a collaborative effort to develop and deliver the first cold-ironing buoy designed to power cruise ships at anchorage. The project – which is being led by Orcades Marine Management Consultants – aims to reduce emissions from cruise ships
Marine robotics pioneer Ocean Infinity is actively pursuing the decarbonisation of its Armada fleet of lean-crewed, uncrewed and remotely operated vessels in alignment with its goal to achieve net-zero across the business by 2040. In an exclusive interview with Max Hartvigsen, Marine Director, and Oliver Hibbert, Engineering Director at Ocean Infinity, we delve into the
More than 2,400 vessels are equipped to operate on LNG globally, with another 1,000 vessels ordered, yet to be delivered. It’s worth noting that half of the operational LNG-fueled vessels are LNG carriers. These ships use boil-off gas as fuel, reducing their reliance on external LNG bunkering. Even excluding LNG carriers, the fuel remains the
The Methanol Institute (MI) and SEA-LNG, key representatives of the methanol and liquefied natural gas (LNG) industries respectively, express their deep concerns following the recent announcement by the European Commission impacting the trade of biomethane and biomethane-based biofuels such as biomethanol, according to the company’s release. The Commission has noted the intention to exclude the
MOL Group has inaugurated a 10-megawatt capacity green hydrogen plant in Százhalombatta, which is the largest in Central and Eastern Europe. The €22-million investment will reduce the Danube Refinery’s carbon dioxide emissions by 25 000 tons. MOL will be able to produce 1,600 tons of clean, carbon-neutral green hydrogen per year. The 10-megawatt electrolysis unit
Responding to report findings, AAPA has issued several recommendations for policymakers and relevant stakeholders to help create a level playing field and expedite decarbonization activities for ports. While most American ports have decarbonization plans in place, a new report from ABS and the American Association of Port Authorities (AAPA) shows there are significant challenges to
Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed that the hydrogen and biofuel hybrid passenger ship Hanaria started service in Kitakyushu. The ship was built at the Hongawara Ship Yard for MOL’s company MOTENA-Sea, backed by investments from MOL Techno-Trade. According to MOL, this is the first passenger ship in Japan that can select
More than 2,400 vessels are equipped to operate on LNG globally, with
The Methanol Institute (MI) and SEA-LNG, key representatives of the methanol and
MOL Group has inaugurated a 10-megawatt capacity green hydrogen plant in Százhalombatta,
Responding to report findings, AAPA has issued several recommendations for policymakers and
Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed that the hydrogen
The Global Maritime Forum and RMI (founded as the Rocky Mountain Institute),