MOL and Petronas develop liquified CO2 shipping

Mitsui OSK Lines (MOL) and Petronas have showcased the results of their joint efforts aimed at shipping and storing liquified carbon dioxide (CO2). The duo, in collaboration with Shanghai Merchant Ship Design & Research Institute (SDARI), has developed and secured approval in principle for liquefied CO2 carriers and a floating storage and offloading (FSO) unit.

EUs CBAM to hit aluminum sector in India

The EU’s implementation of the CBAM, aimed at achieving net-zero emissions by 2050, threatens India’s position as a leading low-cost aluminum producer due to its higher emission intensity compared to European counterparts. Indian aluminum manufacturers are taking steps to address GHG emissions, but CBAM’s implementation and growing capacities in Middle Eastern countries still pose challenges

India likely to achieve one million barrel refining capacity

Hindustan Petroleum Corporation (HPCL) is carrying out expansion plans at Bhatinda and Vizag as well as the greenfield refinery at Barmer, which are expected to be completed in FY24.

TotalEnergies to work with Green Marine Bunkering on methanol study

Shipowners are increasingly interested in methanol as a marine fuel. Industry data showed methanol was the second most popular alternative fuel choice for new vessel orders in 2022.

Equinor launches project to establish ammonia bunkering

Azane, a joint venture between ECONNECT Energy and Amon Maritime, said the project will focus on optimising the value chain for ammonia, from production to use, with a particular focus on efficient distribution and the establishment of bunkering terminals in strategic locations.

USDA to invest $500 mn in biofuel projects

USDA earlier announced it was making $50 million available through its Higher Blends Infrastructure Incentive Program.

Wärtsilä to carry out methanol conversions

During the conversion projects, which are scheduled to take place in 2025, engineers will modify the fuel supply system and engines, including adding automation for the engine control room. The new installations will be integrated with the ships’ existing systems

Study shows CO2 emission from biofuels might exceed fossil fuels

Before bioenergy can contribute towards climate-related goals, the team has argued that international agreements must ensure the protection of forests and other natural lands by introducing carbon pricing.

CMF publishes bunkering checklists for alcohol-based fuels

Methanol, which can be carbon-neutral when produced from sustainable hydrogen and carbon dioxide (CO2) by direct air capture (DAC), has been used as a fuel alternative in the shipping industry on a small scale since 2015.

India mulls kicking off to seek equity in three big refineries

The Oil Ministry asked state-controlled Indian Oil Corp (IOC.NS) and Bharat Petroleum Corp Ltd (BPCL) (BPCL.NS) to launch rights issues, and asked Hindustan Petroleum Corp Ltd (HPCL) (HPCL.NS) to make a preferential share allotment to the government.