Amid cash crunch, refineries in Pakistan decline to increase production

Refineries in Pakistan declined the government’s call to raise output to ward off possible fuel shortages down the road as world oil markets are far from stable, citing multiple challenges including cash flow constraints. Local refineries in Pakistan after a meeting with Petroleum Division high-ups expressed their inability to increase production citing cash flow and

Methanol-powered vehicles testing begins in China

China’s Zhejiang Geely Holding Group started testing three methanol-powered vehicles in Demark with a goal of selling the vehicles in European markets. The three models, two Geely-badged Emgrand compact sedans and one Farizon-brand M100 heavy-duty truck, will undergo testing for 15 months. The methanol vehicles have already been tested and passed China’s State VI emissions

‘Transition to netzero shipping is a complex challenge’

Mr. Vijay Arora, Managing Director, Indian Register of Shipping (IRS), in an exclusive interview with Future Fuels, reveals how IRS is helping ship owners to face the existing vessel certification challenges and elaborates on the short-, mid-, and long-term measures on path to decarbonisation. Q. What are initiatives taken by IRClass to help Indian ship

E ON signs an MoU with Forrest for $50 billion green hydrogen project

Australia iron ore billionaire Andrew Forrest has struck a potential $50 billion green hydrogen agreement with German energy giant E.ON to produce up to five million tonnes of green hydrogen by 2030. The landmark agreement could deliver one third of Forrest’s hugely ambitious plans to produce 15 million tonnes of green hydrogen by 2030, a

Mærsk Mc-Kinney Møller Center launches port partnership for European Green Corridors

Green corridors – cited by many decarbonisation experts as the best hope for fast-track shipping’s path to zero emissions – have been given a significant boost with news that the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has established the European Green Corridors Network with the port authorities of Hamburg, Gdynia, Roenne, Rotterdam, and

Germany thinks of alternative ways to replace Russian oil dependence

As Germany attempts to reduce its dependence on Russian gas, the strong fumes from manure and other organic waste on farms could act as an alternative energy source. An hour’s drive west of Berlin, a strong smell emanates from three large cylinders in the middle of a muddy field on Kaim’s property, which is shared

Amid global oil and gas crisis, support increases for nuclear-powered ships

Support is growing for Mikal Bøe-led Core Power, a high-profile developer of nuclear propulsion for merchant ships. First launched in 2018, Core Power today can boast 49 shipping companies as backers of the UK firm, a grouping made up of owners, operators and managers who, combined, control more than 4,000 ships. James Marshall-led Berge Bulk

G2 Ocean targets to become netzero by 2050

G2 Ocean, a Norwegian bulk shipping joint venture between Gearbulk and Grieg Star, has committed to becoming net zero emissions by 2050 and to bring in zero emission vessels by 2030. The company said that in addition to the reduction of greenhouse gas emissions per transported unit by a minimum of 40% by 2030 from

Credits for energy transition metals enhances decarbonization in mining

The Ukraine conflict has focused politicians’ minds on the need to reduce reliance on Russian hydrocarbon supply and ensure greater energy security. This goes hand-in-hand with an acceleration of the build-out of renewables and electrification of transport – both of which call for ready availability of energy transition metals. But producers are finding themselves in

US considers hydrogen as solution for energy security

Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a number of major economies have laid out plans to reduce their reliance on its hydrocarbons. On Friday, the