Marine Fuel Cell Markets: An Ocean of Opportunity

The maritime sector accounts for approximately 2.9% of global carbon emissions, and it is the largest vessels, such as sea-going cargo vessels, which tend to make the greatest contributions. While it is prosaic to say no single ‘silver bullet’ exists for marine decarbonization, multiple solutions are emerging and IDTechEx sees fuel cells, powered by green

KSOE wins order for LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said that it has bagged a 971.4 billion-won (US$784 million) order to build three liquefied natural gas (LNG) carriers from an Oceanic shipper. KSOE said Hyundai Heavy Industries Co., one of its three affiliates, will build the 200,000-cubic-meter LNG vessels at its shipyard in the southeastern port of

Grimaldi gets order for ammonia-ready car carriers

Grimaldi Group has signed an order for the construction of up to seven ammonia-ready pure car and truck carriers in China, worth around $630m. The Naples-based company has booked five firm 9,000 ceu units at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding and China Shipbuilding Trading Company, with an option for two additional ships. The first five 200

C1 start-up raises growth capital from Maersk

The Climate tech start-up C1 has raised growth capital from Maersk Growth, the Venture Capital Arm of A. P. Møller – Maersk to faster scale their ultra-efficient catalysis, which will enable the mass production of green methanol without the usual premium paid for sustainably produced methanol. Besides the ability to function as a carbon-based feedstock

India to invite bids for green hydrogen plants in May

India will by May invite bids for subsidies for setting up green-hydrogen manufacturing and utilisation hubs, fertiliser and steel plants based on the fuel, and factories for making electrolysers. The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut

Unity Industries and Suruchi Foods to set up Ethanol plants

The Chhattisgarh government has signed memorandums of understanding (MoUs) with both the companies — Unity Industries Private Limited and Suruchi Foods Private Limited — for setting up the plants. Both the proposals are likely to create jobs for 920 people in the state. According to industry department officials, Unity Industries signed an agreement for ethanol

Equatorial Marine becomes the top fuel supplier at Singapore

Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world’s largest bunkering hub Singapore in 2022. Equatorial overtook PetroChina International Singapore Pte Ltd, who dipped from its top ranking in 2021 to second spot in 2022, while Trafigura’s TFG Marine Pte Ltd climbed two spots to

Project Air in Sweden to receive $105 mn from EU funding

Project Air is an industrial collaboration to build a unique production facility for sustainable methanol in Stenungsund in Sweden. The country will now receive EUR 97 million in support from the EU Innovation Fund. The announcement marks an important milestone for the project, which is being led by chemicals company Perstorp AB. The facility is

Fossil fuel producers should help world reach netzero, say scientists

Fossil fuel companies should be forced to “take back” the carbon dioxide emitted from their products, handing them direct responsibility for cleaning up the climate, a group of scientists has argued. The principle that the producer of pollution should pay for its clean-up is established around the world, but has never been applied to the

Rio Tinto to test renewable fuel in haul trucks

Rio Tinto announced it is progressing with its plans to swap conventional diesel for renewable fuel in haul trucks at its U.S. mining operations to reduce the carbon footprint of its fleet. The company said it successfully completed a renewable diesel trial at its U.S. Borax mine in Boron, Calif., and is now conducting a