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French liner CMA CGM and French public sector investment bank Bpifrance have launched a €200m ($214.5m) fund to push forward the French maritime industry’s energy transition. Of the €200m, €20m will go to help decarbonise fleets of French shipping firms, €110m and €50m will be assigned to grants and equity investments, respectively, for maritime decarbonisation
Swedish bank SEB has set a net zero-aligned 2030 target for the shipping sector in line with its commitment to the Net Zero Banking Alliance. The Net Zero Banking Alliance is a group of global banks committed to financing climate action to transition the real economy to net zero greenhouse gas emissions by 2050 and
MB Shipbrokers, formerly known as Maersk Broker, and maritime engineering firm Azolla have started a strategic collaboration aimed at accelerating the decarbonisation efforts of ship owners, operators, and charterers. This partnership addresses the issues of technology, future fuels, regulations, and global standards, as it provides a comprehensive turnkey solution covering technical, commercial, and implementation considerations
SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh. The green hydrogen produced from the project will be utilized for High Velocity Oxygen Fuel (HVOF) Coating Facility of
ZeroAvia announced that it will be offering some of its key components designed for its hydrogen-electric engines to other clean aviation innovators. The move allows ZeroAvia to build upon the multi-billion dollar per annum market for its hydrogen-electric powertrain family, maximizing the company’s investment in R&D and its strategy of vertical integration, as well as
The Maritime and Port Authority of Singapore (MPA) recently commenced the country’s first pilot trial for an electric harbor craft charging point. Alongside other recent advances in maritime electrification, it marks another important step toward the city-state’s target of net zero emissions by 2050. Located at Marina South Pier, the new charging point features a
Korean shipbuilder Hanwha Ocean has partnered with sibling company Hanwha Aerospace to use technology from ammonia-to-power business Amogy in a fuel cell system to power ships with ammonia. The shipbuilding company will use Amogy’s technology for ammonia-powered vessels as part of its drive to support sustainable shipping solutions. The contract will see Hanwha Ocean, part
Neste and New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources, look to reduce greenhouse gas (GHG) emissions with Neste MY Renewable Diesel™. NJNG announced it is switching its medium-duty trucks and associated equipment to renewable diesel to help reduce GHG emissions. NJNG is now the first natural gas utility on the
SJVN Limited has achieved a significant milestone with the inauguration of India’s
ZeroAvia announced that it will be offering some of its key components
The Maritime and Port Authority of Singapore (MPA) recently commenced the country’s
Korean shipbuilder Hanwha Ocean has partnered with sibling company Hanwha Aerospace to
Neste and New Jersey Natural Gas (NJNG), the principal subsidiary of New
Marriott International has announced that its near and long-term science-based emissions reduction