REC to finance green H2 projects with $6bn

Financier of energy projects in India REC has signed preliminary agreements worth 500bn Indian rupees ($6bn) to develop green hydrogen and ammonia projects, REC’s chairman and managing director Vivek Kumar Dewangan said. REC made its first major publicly-announced contribution to a green hydrogen and ammonia project in July, with a Rs40bn loan to Indian renewables

IEA sees ammonia as alternative solution for shipping

The International Energy Agency (IEA) said in a 2023 update of its ‘Net Zero by 2050’ report that shipping will primarily turn to ammonia to decarbonise the sector. The ‘Net Zero by 2050: A Roadmap for the Global Energy Sector‘ report was published in 2021. It translated the goal of limiting global warming to 1.5°C

Viridis Bulk to order construction of two ammonia carriers

Norwegian government enterprise Enova has decided to grant NOK 152m ($14.1m) to Viridis Bulk Carriers for the construction of two ammonia-powered bulk carriers. Viridis Bulk Carriers expect to place orders for the two ships near the end of 2023, with deliveries starting in 2025. The two ammonia-powered bulkers, designed by Kongsberg Maritime, will have a

MOL, NYK and K Line join forces to develop hydrogen carriers

Japan’s three largest shipowners are joining forces with Kawasaki Heavy Industries and industrial gas firm Iwatani Corporation to develop hydrogen carriers together. Mitsui OSK Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) are each taking a 16.6% in new firm JSE Ocean, designed to quickly build up Japan’s maritime hydrogen supply

Rolls-Royce’s hydrogen research project achieves historic milestone

In a groundbreaking development, Rolls-Royce has achieved a remarkable milestone in its hydrogen research project, setting a world industry first. This endeavor represents a significant stride towards pioneering hydrogen combustion engine technology, capable of propelling various aircraft, including those in the narrow-body market segment, starting from the mid-2030s. Partnering with easyJet, Rolls-Royce has been relentless

VOC Port handles first green ammonia shipment

The V O Chidambaranar (VOC) Port, located in Tamil Nadu has made history by becoming the first port in India to handle green ammonia. V O Chidambaranar Port Authority, a state-owned entity responsible for operating the port at Thoothukudi in Tamil Nadu. Three 20-inch tank containers filled with this environmentally friendly fuel arrived at the

IOC unveils first green hydrogen-run bus

Union Minister Hardeep Singh Puri flagged off India’s first green hydrogen-powered bus that emits just water. The minister said hydrogen will be India’s transition fuel for moving away from fossil fuels. India’s top oil firm IOC unveiled the bus. IOC will produce close to 75 kg of hydrogen by splitting water using electricity from renewable

Grid, industry, transport decarbonisation crucial to meet netzero targets

This transition to new and renewable sources of energy would not come cheap, with India needing around $15 trillion in investments to achieve net zero between 2022 and 2070, according to a Deloitte-FICCI study. India’s total energy demand would likely double by 2070 from the 2020 level, due largely to aggressive energy efficiency and the

NKT cable-laying vessel moves to biofuel

Denmark-based NKT has certified its cable-laying vessel (CLV) NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) as part of its decarbonization goals. NKT reported that the certification allows the reduction of carbon footprint from the vessel’s fuel consumption by more than 98%. According to the Danish company, this HVO certification is an

Suez Canal, Shell considers alternative fuel bunkering

General Authority for Suez Canal Economic Zone (SCZONE) recently met with Shell officials, during its roadshow tour to the Netherlands, to discuss the development of alternative fuels bunkering. The SCZONE delegation, headed by Waleid Gamal El-Dien, met with Shell officials, Roberto Maria Batumli, Regional lead of the Hydrogen industry EU, and Rene Smeets, Marine LNG