Oxfam report says world’s richest billionaires responsible for GHGs

The investments of 125 of the world’s richest billionaires yield an annual average of three million tonnes of carbon dioxide emissions a year, more than a million times the average for someone in the bottom 90 per cent of humanity, according to a new report by non-profit group Oxfam. These super rich people have a

A digital framework and collaboration to march towards netzero  

As COP27 gets underway in Egypt shipping knows it needs to work together to decarbonise, and wants to act. What the industry needs now is a clear pathway to walk the talk of collaboration – and that pathway is inherently digital, argues Mikko Kuosa, CEO of NAPA. As COP27 opens in Egypt, collaboration will once

Itochu to deliver SAF to JAL

Japanese trading house Itochu is to deliver sustainable aviation fuel (SAF) produced by Finnish biofuels producer Neste to Japanese carrier Japan Airlines (JAL). Itochu and JAL on 25 October agreed to supply Neste’s SAF blended in Europe to JAL’s flights on 18 November, which will connect Japan’s Haneda airport near Tokyo to Naha in south

Canada announces investment tax credits for green technologies

The recently released 2022 Fall Economic Statement introduces investment tax credits (ITC) for clean technologies and clean hydrogen that will help spur the transition to net-zero energy and make Canada more competitive with the United States. “Following the adoption of the Inflation Reduction Act in the United States, the need for a competitive clan technology

Price of Ethanol from sugar fixed for retailers in India

Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline, oil minister Hardeep Singh Puri said. India, the world’s third biggest oil importer and consumer, has expedited efforts to double ethanol blending with gasoline to 20% from the

New electric vehicle launched by PMV Electric

PMV Electric is set to launch its first electric vehicle in the country. The company will unveil EaS-E on November 16. PMV Electric aims the upcoming EV car to be an everyday car for the city dwellers. It is said to be an affordable electric vehicle that may be offered in three different models. PMV

FFI partners with Enel on green hydrogen development

Fortescue Future Industries (FFI), a Green energy developer, and Enel’s global renewables arm Enel Green Power (EGP) will partner to explore co-development of the green hydrogen value chain with an initial focus on Latin America and Australia. The companies, also through this collaboration, aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this

Taskforce sets priorities for iron ore green corridor

Getting to Zero Coalition members and Australian shipping and energy stakeholders formed a taskforce in June to support the development of the Australia-East Asia Iron Ore Green Corridor. The proposed green corridor would facilitate the transport of iron ore along a shipping route that supports net-zero-emission fuels. Taskforce participants came together for an in-person roundtable

Ocean Yield orders third methanol-ready boxship

Norwegian owner Ocean Yield is buying its third methanol-ready 5,500 teu container vessel under construction in South Korea. The vessel will be built at HJ Shipbuilding and Construction, formerly known as Hanjin Heavy Industries & Construction, with delivery expected in the third quarter of 2023. No price tag has been revealed for the wide beam

Maersk to produce green methanol in Spain

A.P. Moller – Maersk is looking to produce up to 2m tonnes of green methanol a year in Spain by 2030 to supply fuel for its containerships and slash its carbon footprint. The world’s second-largest liner has agreed with the Spanish government to explore the opportunities for large-scale plants in the ports of Andalusia and