ABS highlights role of PPP in realizing netzero by 2050

The decisive role of public-private partnerships in delivering net zero for shipping by 2050 was spotlighted by Christopher J. Wiernicki, ABS Chairman, President and CEO in his keynote address at the 2022 SHIPPINGInsight conference. “We are clearly in the early innings of a decade of change. For shipping, the challenge and opportunity lies in two

NTPC, Siemens ink MoU for demonstrating hydrogen co-firing in gas turbines

NTPC and Siemens Ltd signed a Memorandum of Understanding (MoU) for feasibility to demonstrate hydrogen co-firing blended with natural gas in Siemens V94.2 gas turbines installed at NTPC Faridabad gas power plant. Under this significant collaboration, the two companies will jointly explore the pathways to reduce CO2 emissions from Faridabad gas power plant and further

KSOE signs a consortium agreement to demonstrate fuel cells for ships

Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of Hyundai Heavy Industries Group’s shipbuilding sector, said that it signed a consortium agreement to demonstrate fuel cells for ships with global energy company Shell, Doosan Fuel Cell, HyAxiom, and DNV. Hyundai Heavy Industries Group speeds up the era of eco-friendly ships by launching a

WB invested nearly $15 billion in fossil fuel projects

In December 2018, the World Bank made a public commitment: The international financial institution, known for providing funding and policy advice to developing countries, would align its spending more closely with the goals of the 2015 Paris Climate Accord. But that promise didn’t exactly pan out. According to a new report, the World Bank Group

Neste partners with EDi to supply renewable diesel

Neste is partnering with EDi Energie-Direkt Hohenlohe GmbH and TOOL-FUEL Services GmbH to jointly enable the supply of Neste MY Renewable Diesel in Germany and contribute to reducing greenhouse gas emission in the transport sector. The two companies will distribute and sell Neste MY Renewable Diesel in Germany, while Neste will ensure sufficient volumes of

OPEC and Russia aim to raise oil prices with big supply cut

Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed to their first large production cut in more than two years in a bid to raise prices, countering efforts by the United States and Europe to choke off the enormous revenue that Moscow reaps from the sale of crude. President Biden

BOEM completes environmental review of wind energy

The US Bureau of Ocean Energy Management (BOEM) has completed its environmental review of potential impacts from offshore wind energy leasing activities in the Morro Bay wind energy area (WEA), located 20 miles offshore central California. The environmental assessment (EA) was undertaken with close coordination and engagement with the State of California, the Department of

De Nora joins hands with GES on hydrogen battery project

Italian electrode maker De Nora and Green Energy Storage (GES) said they had established a partnership to develop a hydrogen battery prototype. The companies said they will build a platform to test, develop and optimise the battery, which is in a pre-industrialised stage. The partnership will focus on, among other things, making the battery more

World’s largest wind-solar power plant commissioned by AGEL

Adani Green Energy Ltd (AGEL) has commissioned the world’s largest wind-solar power plant of 600 MV capacity in Jaisalmer, Rajasthan. The project consists of 600 MW solar and 150 MV wind plants. The plant has a power purchase agreement with Solar Energy Corporation of India (SECI) at Rs 2.69/kWh for 25 years. The project consists

BV launches well-to-wake future fuels study

Bureau Veritas (BV) has launched a detailed outlook on future maritime fuels in a new 85-page white paper, which calls for a well-to-wake (WtW) approach to assessing the climate impact and sustainability of alternative fuels. This is one of the key conclusions of the white paper, which evaluates alternative fuels such as methanol, LNG, biofuels,