UK exempts Ukraine from ban on offering fuel energy

The UK will exempt Ukraine from its ban on providing public support for fossil fuel energy overseas as ministers try to make sure services can continue to operate during the conflict with Russia. It comes as ministers announced that hundreds more generators are to be delivered to Ukraine to keep hospitals, shelters and phone masts

NYK inks fourth LNG contract with EDF

Japan’s Nippon Yusen Kaisha (NYK), via its subsidiary France LNG Shipping, has concluded a fourth LNG carrier long-term charter with France’s EDF LNG Shipping. A ship order has been placed with South Korea’s Hyundai Samho Heavy Industries. The 174,000 cu m ship will deliver in 2025 and will fly the French flag. No prices for

Algae biofuel industry is expected to reach $9 bn by 2027

The global algae biofuel market is estimated to show growth from $5.022 billion in 2020 to $9.033 billion in 2027 at a CAGR of 8.75%. The key factor driving the growth is the demand for algae biofuel as an essential energy source. Due to the rising prices of petrol and diesel, the demand for algae

Bosch to invest for the development of hydrogen electrolyzers

German conglomerate Bosch said that it will develop components for electrolyzers in the future. The Stuttgart-based group wants to invest up to €500 million ($527.6 million) in the new business area by 2030. The particular focus will be on the development of the stacks for electrolyzers. Bosch wants to develop electrolyzer stacks with control units,

India targets to obtain 500GW non-fossil fuel capacity by 2030

India’s non-fossil energy capacity is projected to reach 500GW by 2030 stated Niti Aayog member VK Saraswat while addressing the Norway-India Business Summit 2022 organised by CII in collaboration with the Embassy of Norway. This will also help India achieve half of its energy requirements by further facilitating a reduction of carbon footprint approximately by

ICRA says India needs to invest hugely to meet the targets of green hydrogen output

According to ICRA research report, India’s drive to enhance green hydrogen production will involve huge investment of $5224 million factoring in renewable energy capacity addition of 60 GW and investment in electrolyser manufacturing facilities. Currently, about 98 per cent of hydrogen is produced with use of fossil fuels (grey or blue hydrogen). However, surge in

Pure Hydrogen seeks leading role in staggering Indian hydrogen market

Pure Hydrogen is looking to take a leading position in India’s hydrogen sector by forming a joint venture with global automotive component manufacturer Advik Hi-Tech Pvt. Ltd. The company already has links with Advik through its investee company H2X Global – which it has a 24% stake in – that had reached a similar JV

Wärtsilä to enable Eastaway’s EEXI compliance through power limitation solutions

The technology group Wärtsilä is supporting Eastaway Ship Management in reaching its decarbonisation targets by providing Power Limitation Solutions for six vessels. The solutions will improve the vessels’ Energy Efficiency Existing Ship Index (EEXI) rating in line with requirements coming into force in 2023. The orders were placed in February and March 2022. Wärtsilä will

CF Industries plans to build low-carbon ammonia plant in US

Fertilizer maker CF Industries Holdings expects a roughly $2 billion price tag for a U.S. plant it plans to build with Mitsui & Co to produce low-carbon ammonia for fuel, Chief Executive Tony Will said. The project, announced this week, aims to meet rising global demand for clean energy. The companies will share the cost,

CNOOC awards 12 LNG carriers construction contract

China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to build 12 liquefied natural gas tankers. China is the world’s largest buyer of the super-chilled gas, while CNOOC is the country’s largest importer of the fuel and among the state majors leading a drive to expand their LNG