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India has set ambitious targets to become one of the world’s biggest LNG importers by more than doubling the share of gas in its energy mix to 15 per cent by 2030, helping attract a wave of infrastructure investment.
Moving from unsustainable fossil fuels to renewable energy sources is the only way to repair and protect our planet. Hydrogen represents a great opportunity in the transition to renewable energy. It is estimated that hydrogen production capacity may to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023.
Green hydrogen, which is made with renewable energy, is typically produced with electrolyzers that break down water molecules into hydrogen and oxygen.
In response to the maritime net zero carbon emission target by 2050, Yang Ming is continuously building a green and energy-saving fleet.
The company announced that it has formed a consortium with a total of 14 European academia-industry institutions, including the American Bureau of Shipping (ABS) and the Dresden University of Technology, and will begin joint development of large-scale liquid hydrogen cargo tank technology starting next month.
Grieg Maritime Group said the 225 m long newbuilds will dwarf the 50,800 dwt L-class, previously the latest and largest vessels in its fleet.
The firm said the plants would be located in the port cities of Kokkola and Kristinestad (Kristiinankaupunki in Finnish) on Finland's west coast as well as in Porvoo in the southeast.
The oil marketing firm will utilise a third-party venture to set up the electrolyser-making facility, whereby the alkaline electrolyzers thus produced will likely cost 20 to 30 percent less than the current rate of about $800 per kW. BARC's technology enables the production of cost-effective electrolysers, with the potential for reducing the cost led by technological and economic innovations.
The off-shore projects commissioned from January 1, 2033, would be given graded ISTS charges. Earlier, all wind energy projects were provided waivers up to June 30, 2025.
Eesti Gas, which is branded internationally as Elenger, said in a statement issued on May 25 that it has “committed to bring 14 LNG cargoes from different suppliers to its customers by the fall and plans to add some more in the fourth quarter.”
