San Diego airport uses renewable diesel as alternative fuel

San Diego International Airport now uses renewable diesel as an alternative fuel. About 30 percent of all airside diesel vehicles and equipment at SAN are now alternative fuel because of the switch from petroleum diesel to renewable diesel. Renewable diesel can reduce emissions by up to 75 percent or more compared to petroleum diesel. It

Lomarlabs collaborates with Seabound to install carbon capture device

Lomar’s new subsidiary lomarlabs is working with London-based climate tech start-up Seabound to develop cost-effective methods to capture CO2 onboard vessels. Lomarlabs works with entrepreneurs who bring deep tech solutions to the maritime industry and helps them de-risk their technologies and optimise their business models. This venture is spearheaded by former Lomar technical director Stylianos

Aimplas joins Threading-CO2 project

Aimplas has joined the Threading-CO2 project, an innovative initiative that aims to produce high-quality polyester textile products from CO2 waste streams. The project will significantly reduce the carbon footprint of the textile industry by promoting a circular manufacturing approach using renewable energy sources. Aimplas, a plastics technology centre in Spain, has announced its participation in

The oil and gas industry in US emits more methane

According to scientists, planet-warming methane pollution from the US oil and gas industry was 70% higher than the Environmental Protection Agency’s own estimates between 2010 and 2019. The new study, published in the Proceedings of the National Academy of Sciences, suggests the federal government’s current system for detecting methane leaks from fossil fuel pipes, wells

NSE to commence crude futures trading in May

India’s National Stock Exchange (NSE) is set to begin trading of rupee-denominated Nymex WTI crude oil and Henry Hub natural gas futures contracts in its commodity derivatives segment from 15 May. The exchange received approval last month from the Securities and Exchange Board of India to launch the contracts. For the WTI crude oil futures

Greek fleet dominant in market share of Russian crude

The tanker fleet engaged in the Russian trade post-sanctions is predominantly Greek-operated and composed mostly of older aframax and MR tankers, according to Vortexa, a data analytics firm. The size of the Greek-operated fleet post-European Union ban is nearly 2.5 times bigger than the next fleet, Russia’s. Nevertheless, the market share Greeks enjoy of this

G-7 agrees to fast-track fossil fuels phase-out

The Group of Seven nations agreed to accelerate the phase-out of unabated fossil fuels but fell short of sealing a deal on a timeline to exit coal. The ministers are negotiating a joint communique that outlines support from the world’s most advanced economies for the global energy transition. The G-7 has appointed themselves leaders in

CBA launches finance to achieve sustainability goals

Commonwealth Bank of Australia (CBA) is launching a range of new green asset finance solutions to support businesses investing in green vehicles, equipment and machinery and achieving their sustainability goals, while also lowering energy costs and boosting productivity. CBA’s new Green Vehicle and Equipment Finance offers discounts of up to 1 per cent off the

Use of fossil fuels likely to fall for power production

The world will likely use fewer fossil fuels to produce electricity this year in a “turning point” for planet-friendly energy, a new report says. It would be the first ever annual drop in the use of coal, oil and gas to generate electricity, outside of a global recession or pandemic. As a result, fewer warming

Cummins, Leclanché to collaborate for low emission power options

Cummins Inc. and Leclanché have announced a memorandum of understanding (MOU) aimed at collaborating to deliver lower-emissions power options for operators in the marine and rail spaces. The collaboration will allow Cummins and Leclanché to offer customers a broad range of hybrid, battery-only and fuel cell power options. Power sources may include engines, hydrogen fuel