PM Modi pitches for green credit initiative

Prime Minister Narendra Modi today pitched for a ‘pro-planet, proactive, and positive initiative’ to combat carbon emission at the 28th Conference of Parties being held in the UAE. PM Modi also urged world leaders to join the initiative and work towards a green future. PM Modi also thanked the world leaders for their continous support

Buyofuel announces 5X growth in 2023 by reducing 80K MT emission

Against the backdrop of rising air pollution concerns across India, Buyofuel, a tech-driven biofuel marketplace, announces a momentous threefold growth in the fiscal year 2023. While struggling with nationwide air quality challenges, the company has emerged as a key player in driving environmental change, successfully reducing approximately 80,000 metric tons of CO2 emissions through strategic

TotalEnergies Marine Fuels Wins Marine Fuels 360 Award

TotalEnergies Marine Fuels is proud to announce it has won the Marine Fuels 360 Supply Chain & Logistics Excellence of the Year Award for the establishment of its commercial marine biofuels supply chain in Singapore. The award recognised the swift professionalism and level of safety, quality and operational excellence with which TotalEnergies Marine Fuels built

Shipping CEOs join forces to accelerate the decarbonization

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate the transition to green fuels. Global temperatures are breaching critical levels,

UCL explores role of ship financiers in shipping’s green transition

A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping’s transition to zero emission fuels. Using a novel theoretical framework which categorises financiers into five enabling or disabling categories, it finds that most expressed an ambition

GTRI says India should not take new commitments at COP28

The Global Trade Research Initiative said that India has already made significant commitments at COP27 and the Paris Agreement, aligning with its Long-term Low Emissions and Development Strategy India should not take new commitments at the ongoing United Nations COP28 climate talks in Dubai and continue its green transition without additional assurances, think tank GTRI

Golden Island switching to 100% e-BDN operations

Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) will be fully adopting the electronic Bunker Delivery Note (e-BDN) for commercial bunkering operations from 1 December 2023 onwards. According to Bunker Programmer Sam Kang, Golden Island started its first internal e-BDN trial using the solution from BTS Pte Ltd (a wholly-owned subsidiary

COP28 okays $475 mn loss and damage fund

On the opening day of the United Nations Framework Convention on Climate Change, or COP28, the UAE has greenlit a crucial decision, making the loss and damage fund for developing nations operational. The European Union committed around $275 million, while the host, UAE, pledged an additional $100 million. Germany and the UK pledged $100 million

MAN Energy Solutions to build reactor for renewable fuels

Cleantech start-up, CAPHENIA, to establish production plant for synthesis gas as feedstock for industrial production of Sustainable Aviation Fuel for aviation decarbonisation Cleantech start-up, CAPHENIA, has commissioned MAN Energy Solutions to build a Plasma Boudouard Reactor (PBR). This will form the core of CAPHENIA’s first production plant, ‘GERMANY I’, located at Industriepark Höchst in Frankfurt

Proman Stena welcomes final pair of methanol tankers 

These 49,000-dwt tankers are the final two vessels in Proman Stena’s initial six-strong methanol-fuelled tanker fleet. The joint venture between Stena Bulk and methanol producer Proman was initially meant for three long-term time-chartered vessels but has been extended to cover three additional Proman-owned vessels. GSI built Proman Stena Bulk’s fleet over the last three years