Carrier Transicold, GIZ agree to advance cold chain development and decarbonization

Carrier Transicold and the Greener Reefers in International Maritime Transport initiative of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have agreed to collaborate to advance cold chain development and training in Costa Rica and South Africa. The memorandum of understanding, which was signed at the 2023 UN Climate Change Conference (COP28) in the United

Wison Offshore & Marine’s FGMP gets approval-from BV

In China, I Marine reported that Bureau Veritas (BV) issued an Approval-in-Principle (AIP) to Wison Offshore & Marine’s Floating Green Methanol Plant (FGMP) solution. The report highlighted that the recognition is a required step for the commercialization and industrialization of this technology. Wison Offshore & Marine’s Floating Green Methanol Plant is a floating plant that

AT&T to buy Rivian EVs as part of electrification program

Electric vehicle startup Rivian has found a new Fortune 500 customer for its delivery vans after ending an exclusivity deal earlier this year with Amazon. On Dec. 14, Rivian announced that telecommunications giant AT&T will purchase Rivian electric vans as well as vehicles in its R1 platform of trucks and SUVs. The purchases are part

Ready to import oil from any country not under sanctions

India will buy crude oil from Venezuela as a number of Indian refineries are equipped to process heavy crudes, Petroleum Minister Hardeep Singh Puri said. With the United States (US) easing sanctions on Caracas in October, India’s imports of Venezuelan oil are set to resume after three years. The minister said that as a major

India aims for 20% ethanol blending in petrol

The Indian government has successfully met the target of achieving a 10 percent average blending of ethanol in petrol under the Ethanol Blended Petrol (EBP) Programme in June 2022, surpassing the scheduled target of November 2022 by five months. The next ambitious goal is set at achieving 20 percent blending of ethanol in petrol by

Scientists warn of threatening methane monster beneath Arctic ground

Scientists have warned that the Arctic has hidden beneath its frozen ground a methane monster that is threatening to show its ugly head. Scientists are still unaware of how big the threat is and who will suffer the most, however, what remains clear is that the permanently frozen soil – which is called permafrost –

Does hydrogen remain an environmentally friendly practice?

While hydrogen production is currently not deemed a water-intensive industry, there are indications that it can exert significant pressure in regions with scant water resources. In September 2020, China announced its goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. The country’s hydrogen energy industry has entered into an upswing phase,

JERA to study ammonia supply to ships with NYK and Resonac

Japan’s top power generator JERA said that it would conduct a joint study with shipping major NYK Line and chemical company Resonac to supply ammonia to ships, as it seeks to expand the use of the low-carbon fuel beyond power plants. The study is the latest among shippers including North Sea Container Line, MOL and

Singapore moves to secure methanol bunker supply

The Maritime and Port Authority of Singapore (MPA) is seeking proposals for the supply of methanol as a marine bunker fuel in Singapore from 2025. MPA said the call is aimed at ensuring a resilient supply of methanol to meet the international bunkering needs in the Port of Singapore, given the expected delivery of methanol-capable

Ship finance lenders make headway on emission targets

The 34 banking signatories to the Poseidon Principles, representing a loan portfolio to global shipping of about $240 billion, have reported a joint improvement in emissions reduction scores in 2023 based on initial IMO targets. In its fourth annual report, the framework for measuring and reporting the alignment of lenders’ shipping portfolios with climate goals