IOC to recycle 20 mn PET bottles annually

IOC, which meets as much as half of the nation’s fuel needs, has already committed to a net zero emission target by 2046 and is now venturing into recycling PET bottles. Indian Oil Corporation (IOC), the nation’s largest oil firm, will recycle 20 million discarded mineral water, cold drink and other PET bottles annually to

Federal funding sought for hydrogen hub in the US

A coalition of Southeastern utilities is seeking federal funding for a regional hydrogen hub. The utilities, including Georgia Power’s corporate parent, Southern Company, believe that hydrogen is poised to play a major role in reducing climate-warming carbon emissions. That’s because hydrogen, the most abundant element in the universe, is a clean and versatile energy source

Maersk in favor of setting up an end date for heavy oils in shipping

The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said. Aside from the exact end date for fossil

Samsung gets approval from DNV for liquid hydrogen fuel-cell system

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) for the technology based on combining liquefied hydrogen and polymer electrolyte membrane fuel cell (PEMFC) from Norwegian classification society DNV SHI said it is the first shipbuilder in the maritime sector to develop fuel-cell technology for ships. The company said it acquired

India asks for higher global climate finance target

Developing countries require substantive enhancement in climate finance from the floor of $100 billion per year to meet their ambitious goals and rich countries need to lead the mobilisation of resources, India has stressed at the ongoing UN climate summit COP27. At COP15 in Copenhagen in 2009, developed countries had committed to jointly mobilise $100

Halten Bulk to build more hydrogen-fuelled bulkers

Halten Bulk has moved to build a pair of hydrogen-fuelled bulkers following NOK142m ($13.8m) funding from government enterprise Enova. Halten Bulk, owned by Brødrene Nordbø, Egil Ulvan, and Strand Shipping, was founded in 2014 and currently operates seven short-sea bulk vessels. The two new vessels have been designed by Norwegian Ship Design, which now has

Chevron, MOL to jointly study CO2 shipping

Chevron Corporation and Mitsui OSK Lines (MOL) have signed a joint study agreement on the feasibility of transporting liquified carbon dioxide (CO2) from Singapore to permanent storage locations offshore Australia. Chevron and MOL will explore the technical and commercial feasibility of initially transporting up to 2.5m tonnes per annum of liquified CO2 by 2030. The

Samsung Heavy introduces liquefied hydrogen fuel cell system

Samsung Heavy Industries has debuted a liquefied hydrogen fuel cell system. The South Korean shipbuilding major has received an approval in principle from DNV for its polymer electrolyte membrane fuel cell, which it has developed in association with compatriot firms Bumhan Fuel Cell, Jungwoo ENE and S&SYS. In 2020, Bloom Energy and Samsung Heavy Industries

World’s largest CO2-to-methanol plant starts production

The world’s first commercial scale CO2-to-methanol plant has started production in Anyang, Henan Province, China. The cutting-edge facility is the first of its type in the world to produce methanol — a valuable fuel and chemical feedstock — at this scale from captured waste carbon dioxide and hydrogen gases. The Shunli CO2-to-Methanol plant in Anyang,

Yara teams up with Amogy for shipping projects

Yara Clean Ammonia has partnered up with US-based energy tech startup Amogy to explore the latter’s ammonia-to-power system as a zero-emissions solution for use in future shipping projects. The Amazon and Saudi Aramco-backed Amogy has developed a platform, already demonstrated in a drone and heavy-duty tractor, which relies on ammonia cracking technology in which hydrogen