PDVSA allocates heavy crude cargo to Eni

PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company, people familiar with the matter said. Eni and Spanish oil firm Repsol in May last year received authorizations from the U.S.

TUI lays out sustainability roadmap

By 2030, TUI aims to reduce CO2 emissions across its cruise brands’ fleets by 27.5% compared to 2019 levels, and further establish energy efficiency in ship operations, including from fuel-saving route optimisation, shore power and the use of alternative fuels such as sustainable bio-fuels, bio-LNG and green methanol. Between 2015 and 2019, carbon efficiency from

Auto carbon footprint platform launched in China

China launched the world’s first automotive carbon footprint platform, which is expected to help the automotive industry to realize the country’s dual carbon goals. As the world’s second largest economy, China pledged to peak its carbon emissions by 2030 and reach carbon neutrality by 2060. Vehicle production and use makes up almost 8 percent of

Korean shipping lines to develop nuclear-powered ships

A host of Korean shipping lines including HMM, Sinokor and H-Line Shipping along with the nation’s class society are pressing ahead with plans to develop nuclear-powered merchant ships. Recently, the CEOs of the shipping lines along with the Korean Register, the Nuclear Research Institute and the Korea Atomic Energy Research Institute met in Gyeongju City

Study finds fossil fuel drilling threatens air and wildlife

Environmental problems are already resulting from fossil fuel extraction near four federally protected lands — and could become even wider problems if the federal government doesn’t bolster protections, the Coalition to Protect America’s National Parks said in a recent report. The coalition used four Western case studies to highlight the negative impacts of fossil fuel

UP to become manufacturing hub for e-vehicles

Uttar Pradesh has taken a leapfrog in the field of electric vehicles. Several cities in the states such as Kanpur, Lucknow, Noida, Ghaziabad, and Meerut are aggressively looking at manufacturing e-vehicles and lithium batteries. Union Minister for Road, Transport and Highways Nitin Gadkari said having 25 per cent of the total registered EV in India,

First netzero cement production trial begins

The process developed at Cambridge University combines scrap steel recycling with cement clinker production using recycled concrete as a flux rather than limestone. Over the planned two-year trial period the Cement 2 Zero project will investigate both the technical and commercial aspects of upscaling Cambridge Electric Cement production to produce 20 tonnes of the world’s

BCG, Mærsk Mc-Kinney Møller co-develop ESG playbook

Today, Boston Consulting Group (BCG) and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping launch the ESG Playbook for Shipping. The Playbook combines BCG’s globally recognized expertise in consulting services with the Center for Zero Carbon Shipping’s industry leading research capabilities in maritime decarbonization to empower shipping companies with the tools to navigate the

NTPC gets green signal from AP for new energy park

Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs 1, 10,000 cr in two

UK creates new department for netzero

Prime Minister Rishi Sunak has created four new government departments, splitting the Department of Business, Energy and Industrial Strategy (BEIS) up and creating a dedicated energy security and netzero function. Ahead of a reported Cabinet Reshuffle, the Prime Minister confirmed the changes following a flurry of media reports and a refusal from 10 Downing Street