Japan emissions-monitoring startup Asuene backed by SMBC, Murata

Sumitomo Mitsui Banking Corp. and Murata Manufacturing are among 17 Japanese companies investing 4.2 billion yen ($26.7 million) in a startup that helps businesses visualize and cut carbon dioxide emissions down their supply chains, amid growing investor pressure for greater transparency. Asuene, established in 2019, uses artificial intelligence to calculate customers’ Scope 3 emissions —

Helsinki’s CO2 emissions decreased at a record pace

Helsinki’s greenhouse gas emissions decreased at a record pace last year, with the exception of traffic. Helsinki’s goal of carbon neutrality by 2030 has proceeded significantly with the decommissioning of the Hanasaari coal-fired power plant. In 2023, emissions from district heating in Helsinki decreased 35 per cent year-on-year, which is a new record. Emissions from

US oil refining capacity falls for third time

Steel long pipes in crude oil factory during sunset U.S. crude oil refining capacity fell 4% to 17.53 million barrels per day (bpd) this year, a government report showed on Friday amid plant closures and conversions to biofuels. The Energy Information Administration (EIA) said the figures reflect capacity online as of Jan. 1, and the

Methanol Institute welcomes STX Group as a new member

The Methanol Institute (MI)  welcomes STX Group as our newest member. STX Group is a leading global environmental commodity trader and climate solutions provider. For over 25 years STX Group has been at the forefront of the global transition towards a low-carbon economy. Leveraging their long-standing expertise in accurately pricing pollution and emissions, STX Group

MECON seeks bids for use of green hydrogen for steel manufacturing

As part of the government’s move to replace fossil fuels with green hydrogen in steel manufacturing, MECON Limited has invited proposals from prospective bidders for use of Hydrogen in DRI Pilot Plant, in existing Blast Furnace and in existing DRI Vertical shaft. The request for Proposal (RfP) document has been uploaded in e-tender mode in

Daimler Truck, Kawasaki to study liquid H2 supply chains

Kawasaki Heavy Industries and Daimler Truck AG have signed a Memorandum of Understanding (MoU) to study the establishment and optimization for supply of liquid hydrogen for the decarbonization or road freight transportation in Europe. The agreement was signed during the Hydrogen Council annual meeting in Berlin, Germany. The mutual initiative between the two companies includes

FHG Marine Engineering Joins QuantiParts Network

FHG Marine Engineering, Inc. (FHG) recently entered into a distribution agreement with QuantiParts B.V. (QuantiParts), serving spare parts to vessels operating in the USA and with engines supported by QuantiParts. With this agreement, FHG joins the global network of QuantiParts distributors serving classic Wärtsilä engines with the highest quality OEM parts to ensure ongoing operational

EU has failed to agree to a package of sanctions against Russia

The EU has failed to agree to a package of sanctions against Russia, ahead of a peace conference to be held in Switzerland. Member states met during the G7 summit in Italy to discuss a set of sanctions put forward by the European Commission at the beginning of May. The sanctions would have been the

Russia overtook US as gas supplier to Europe in May

Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite the region’s efforts to wean itself off Russian fossil fuels since the full-scale invasion of Ukraine. While one-off factors drove the reversal, it highlights the difficulty of further reducing Europe’s dependence on gas from

G7 leaders issue statement to accelerate transition away from fossil fuels

Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy. Other commitments on climate policy in the draft include a pledge “to phase out