AYK Energy hails price drop in electrical propulsion tech for ships

Marine battery manufacturer AYK Energy has hailed a significant breakthrough in electric propulsion technology for ships with what it claims is the first battery sold at $300 per kWh. AYK founder Chris Kruger said the milestone will accelerate the adoption of battery powered vessels. He said the previous industry standard price was around $450 to

BPCL to invest Rs 75,000 cr in expanding refining capacity

State-run Bharat Petroleum Corporation Ltd (BPCL) will invest Rs 75,000 crore to expand refining and petrochemicals capacity over the next five years, company chairman G Krishnakumar told shareholders at the company’s annual general meeting.The ethylene cracker project at Bina refinery in Madhya Pradesh, conceived at a gross cost of Rs 49,000 crore, involves brownfield expansion

Technological developments key to reducing maritime sector emissions, finds new DNV report

Reaching shipping’s 2030 decarbonization goal of 20% emission reductions, set by the International Maritime Organization (IMO), will not happen without significant energy savings, according to DNV’s latest Maritime Forecast to 2050. The report stresses that, until carbon-neutral fuels become viable, prioritizing the development and use of technologies that reduce energy consumption is crucial for lowering

Hapag-Lloyd hails delivery of another LNG dual-fuel 23,600 TEU giant

German liner major Hapag-Lloyd has taken delivery of the new liquefied natural gas (LNG) dual-fuel 23,660 TEU containership from South Korean shipbuilder Hanwha Ocean. Hamburg Express is the seventh newbuild of the company’s latest Hamburg Express class, a series of twelve ships that are “the largest containerships” ever to sail under the German flag. In total,

White paper shows China’s progress in energy transition

China has made notable progress in energy transition over the past decade, with “historical breakthroughs” achieved in green and low-carbon energy development as the country is moving toward building a clean, diversified, secure and resilient energy supply system, according to a white paper titled “China’s Energy Transition” released by the State Council Information Office. The

APMT welcomes Maersk’s methanol-enabled containership

APM Terminals (APMT) has welcomed A.P. Moller-Maersk’s (Maersk) methanol-enabled containership to Los Angeles’ Pier 400. The terminal, one of eight APMT facilities worldwide participating in an electrification project, aims to deploy cutting-edge technology and electric container handling equipment to achieve the group’s net zero ambition by 2040. In September, the terminal will receive two new

GH2 Solar Pvt Ltd wins major SECI tender for green hydrogen

GH2 Solar Pvt Ltd has secured a landmark 105 MW electrolyser manufacturing capacity tender from the Solar Energy Corporation of India (SECI), marking a significant advance in India’s green hydrogen sector. This achievement is supported by a substantial Rs. 157.5 Crore subsidy under the Production Linked Incentive (PLI) scheme. The project, expected to be completed

Hygreen Energy and Coxabengoa partner with Andalusia for green hydrogen

Hygreen Energy, a prominent global electrolyzer manufacturer, and Coxabengoa, a leading integrated water and energy utility, have announced a major strategic partnership to advance hydrogen technology, expand the market for electrolyzer solutions in Europe, and increase production capacity. This collaboration was formalized with a signing ceremony at Hygreen Energy’s Beijing headquarters, attended by Juanma Moreno,

FuelEU Pooling could accelerate biofuel adoption

The FuelEU pooling mechanism introduces a new economic incentive to accelerate adoption of biofuels, according to OceanScore. The company has identified tangible savings on the cost of compliance with FuelEU Maritime that can be made through burning biofuels to generate surpluses for vessel pooling. This enables companies to capture financial gains from overcompliance with carbon

EcoCeres joins forces with Evos for European expansion

EcoCeres Inc., a leading pure-play renewable fuel producer, delivered its first vessel with 10 million liters of a sustainable blending component for jet fuel to the Evos Ghent terminal. This marks the start of a new relationship between Evos and EcoCeres. Evos Ghent is the first European storage partner for EcoCeres.  Evos Ghent has a