Advent Technologies partners with Siemens Energy for maritime fuel cell solution

Advent Technologies, a wholly-owned subsidiary of U.S. Advent Technologies Holdings, and German Siemens Energy have signed a joint development agreement (JDA) to develop an integrated 500 kW high-temperature proton exchange membrane (HT-PEM) fuel cell solution for maritime applications. According to Advent, the JDA outlines the collaboration between the two parties, combining Advent’s HT-PEM fuel cell

X-Press Feeders signs MOU with six European Ports for green shipping corridors

X-Press Feeders, the world’s largest independent common carrier, signed of a memorandum of understanding (MOU) with six European ports: Port of Antwerp Bruges (Belgium), Port of Tallinn (Estonia), Port of Helsinki (Finland), Port of HaminaKotka (Finland), Freeport of Riga (Latvia) and Klaipeda Port (Lithuania). This landmark agreement signifies a joint commitment to accelerate the establishment

Indian Oil relaunches green hydrogen plant tender

Indian Oil Corporation (IOCL), the country’s largest fuel retailer, relaunched tenders for its maiden green hydrogen plant to be set up in Panipat, with the bidding process set to begin on April 15. The newly launched tender for the nation’s largest green hydrogen plant removed the controversial clause which some bidders labelled as discriminatory. However,

US not asked India to halt Russian oil imports

The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7-imposed $60 per barrel price cap is to have stable global oil supplies while hitting Moscow’s revenue, an American treasury official said. India has emerged as one of the top buyers of Russian sea-borne oil since

Majority of recent CO2 emissions linked to just 57 producers

The vast majority of planet-warming carbondioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers, researchers said. From 2016 to 2022, the 57 entities including nation-states, state-owned firms and investor-owned companies produced 80% of the world’s CO2 emissions from fossil fuels and cement production, said the Carbon

World’s first zero-emissions mooring service of a tanker

Consulmar has achieved a remarkable milestone by successfully executing the world’s first zero-emissions mooring service for a tanker. This groundbreaking operation took place at an offshore multiple buoy mooring site near the BP refinery, situated 2 miles from the Port of Castellón in Spain. Utilizing its electric line handling tug, CASTALIA, Consulmar towed the steel

Corvus Energy’s marine energy storage system gets ClassNK approval

Norway-based energy storage company Corvus Energy has received type approval from Japanese classification society ClassNK for a marine energy storage system (ESS), Orca ESS. As informed, this is the first-ever marine battery to get this type approval since the ClassNK rules for marine energy storage systems came into effect in January 2023. According to Corvus

Avendus Capital says GH2 to drive $125 bln investments by 2030

Green hydrogen (GH2) and green ammonia segments are estimated to drive investments of $125 billion (about ₹10.43 lakh crore) in India by 2030, according to a report by investment banking firm Avendus Capital. The report, titled ‘Green Hydrogen, The Next Frontier In Energy Transition’, said the growth would be driven by an increasing focus on

Amogy and ITOCHU partner to explore application of ammonia fuel in ships

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced today the signing of a Memorandum of Understanding (MOU) with ITOCHU Corporation (“ITOCHU”), a Japan-based global trading and import/export company. This strategic partnership is aimed at exploring the potential application of Amogy’s technology on ITOCHU’s maritime vessels. Amogy has developed a modularized system that

Vessel pooling helps avoid FuelEU Maritime penalties

The FuelEU Maritime regulation entering into force in 2025 aims to reduce greenhouse gas emissions by promoting the use of renewable and low-carbon fuels by ships. Pooling is one way to avoid or minimise non-compliance penalties. But what is pooling, how does it work and how can it help you avoid or minimise the cost