MAN Energy Solutions signs with Spire to accelerate digitalisation strategy

MAN Energy Solutions has selected Spire Global, Inc., a global provider of space-based data, analytics and space services, to provide weather data and real-time automatic identification system (AIS) vessel-tracking data. According to McKinsey & Co, the shipping industry can decrease fuel consumption by 1% through optimised vessel execution and performance management mechanisms, utilising AIS and

India’s netzero emissions target of 2070 little too long-term

Union Minister Hardeep Singh Puri said achieving the net zero emissions target by 2070 is “little too long-term”, indicating that the country may achieve the milestone ahead of the deadline. Under the net zero target, India will completely switch to renewables by 2070. The minister said this addressing the 26th Energy Technology Meet. He is

Van Oord contracts Jumbo Offshore for T&I job in Baltic Sea

Jumbo Offshore has been contracted by Van Oord for the transportation and installation of transition pieces for the Baltic Eagle offshore wind project in the German Baltic Sea. Operations on the project are to commence in October 2023. Due to the close cooperation and extensive experience between the Jumbo Offshore and Van Oord project teams, the preparation time has been

Russia opposes plan to phase out fossil fuels

Russia has warned it will oppose a global deal to reduce the use of fossil fuels, as tensions with western powers following Moscow’s invasion of Ukraine threaten to derail this year’s UN climate summit. The US and EU member states are among a large group of countries calling for a timeline to phase out the

Renault Group, Volvo Group and CMA CGM Group join forces to address decarbonization

 Climate change accelerates the need of electrification transition and future CO2 regulations on transport of goods and access to cities are drastically transforming the logistic ecosystem.  The professional customers already face increasing pressure on cost of usage, need for electrified, safer and fully connected vehicles with their business. By 2030, the European market for electrified

Vale, Petrobras to partner on the development of low-carbon solutions

Mining giant Vale signed a protocol of intent with Petrobras to develop low carbon solutions, taking advantage of the technical expertise of both companies and their synergies. The partnership is for a two-year period and will assess joint decarbonization opportunities, including the development of sustainable fuels—such as hydrogen, green methanol, biobunkers, green ammonia and renewable

Essar Oil UK selects Mitsubishi as technology licensor for carbon capture

Essar had announced the proposed construction of the EET Industrial Carbon Capture plant at the Stanlow Refinery in November 2022. Essar Oil UK, owned by Shashi and Ravi Ruia, said it was in talks with the British government on deferring VAT payments. Essar Oil UK Limited (EOUK) said it has selected Mitsubishi Heavy Industries Ltd

Gunvor forms JV with Solvang for five carbon capture-ready VLGCs

Swiss-based commodity trading giant Gunvor has formed a joint venture with Norwegian gas shipowner to own and operate five LPG carrier newbuilds designed for onboard carbon capture. The JV has placed an order at South Korea’s Hyundai Heavy Industries with deliveries scheduled from September 2026 to July 2027. All five vessels will be on long-term

IOC to invest over Rs 2,600 crore to set up greenfield units

Indian Oil Corporation has firmed up plans to pump in over Rs 2,600 crore in setting up several greenfield units and expanding its facilities across the northeast over the next few years. The board of IOC has already approved various new projects, while some are in the process of getting the nod, with the leading

Tata Steel sets goal for UK plant’s decarbonisation journey

Tata Steel aims to complete decarbonisation journey at its plant in the UK in next three years, as part of its decarbonisation plan, the company will shift to low-emission electric arc furnace (EAF) process from the blast furnace (BF) route which is nearing the end of life in the next couple of months. India-headquartered Tata