Hydrogen injects reality into gas-fired energy transition

This week’s world’s first shipment of liquid hydrogen from the port of Hastings in Victoria to Japan may prove as important to Australia’s future prosperity as the first shipment of iron ore to depart the Pilbara was in the 1960s. It marks an important milestone in the transition that Australia’s fossil fuel-based resource economy seeks

Research findings of Oldendorff, BHP, GoodFuels, MPA biofuel bunker trial released

Oldendorff Carriers shared a research paper on a biofuel trial voyage which the company performed in 2021 with BHP, GoodFuels and the Maritime and Port Authority of Singapore (MPA). “The paper is prepared under our research agreement with Massachusetts Institute of Technology, exploring numerous alternatives for sustainable shipping, and peer-reviewed by the Royal Society of

Total Energies expects LNG to play an important role in marine bunkers

As we head towards IMO2050, there is no doubt that the future of shipping will comprise a mix of fuel solutions and the shipping industry will need all of them to meet future fuel demands. We believe LNG has an important role, along with bioenergies and hydrogen-based fuels, in shipping’s energy transition. The adoption of

Exxon pledges to cut emissions – but not from its oil

Oil giant Exxon Mobil announced that it aims to achieve net-zero greenhouse gas emissions by 2050. More specifically, it has the “ambition” to reach net-zero emission from its operations within the next 28 years. “We’ve got a line of sight,” Exxon’s chief executive, Darren Woods, said in an interview with the New York Times. “By

Hydrogen costs to fall over 95% by 2050

Investments to the tune of $10 trillion (Rs 744 lakh crore) in the hydrogen sector by 2050 will pull down the cost of the fuel and disrupt the energy sector, according to a new analysis. Hydrogen will be cheaper by 95 per cent by mid-century, according to the analyst group Rethink Energy. The impending hydrogen

Hydrogen projects in focus in Asia-Pacific

India’s Reliance Industries Ltd. has signed a memorandum of understanding with the Gujarat state government to invest Rupee 5 trillion ($67.71 billion) into renewable energy and renewable hydrogen assets, the company said Jan. 13. RIL would invest an additional Rupee 600 billion in component manufacturing for solar PV modules, including polysilicon, wafer, cell and module

A green Budget as the turning point in India’s mission net-zero

India’s gross domestic product (GDP) is projected to grow between $8.5 trillion and $10 trillion by 2030. We can expect every budget in the intervening years to provide the platform to propel the economy at the required rate, but each will have its context. This year’s budget comes at a time when the context is

Fossil-fuel billionaire Ambani boosts green energy ambitions

The conglomerate led by Mukesh Ambani, Asia’s richest man, announced plans to invest $76 billion toward clean energy projects, dwarfing an earlier commitment of $10 billion by the world’s biggest fossil-fuel billionaire. Reliance Industries Ltd., controlled by Ambani, has signed pacts with the state government of Gujarat for a total investment of 5.96 trillion rupees

NYK and Knutsen create CO2 carrier joint venture

Nippon Yusen Kaisha of Japan and Norway’s Knutsen Group of Norway have established a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business worldwide using the Knutsen developed technology PCO2 which allows transport of liquified CO2 at ambient temperatures. NYK and the Knutsen will each hold 50% stakes

How to accelerate the net-zero transition in transport

The role of transport was front and center at COP26 in Glasgow, Scotland. Leaders from nations, cities, international organizations, NGOs – and notably the private sector – zeroed in on the role of transport as one of three critical sources of carbon emissions as well as the only sector still increasing in its greenhouse gas