Singapore bunker fuel sales continue to surge during July

Bunker fuel sales at Singapore port increased by 9.7 per cent on year during July 2023, according to Maritime and Port Authority of Singapore (MPA) data. In total, 4.52 million metric tonnes (mt) (exact 4,517,500 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in July, an increase from 4.12

Denmark postpones tender for second CO2 storage licences

The Danish Energy Agency has postponed the second tender round of carbon dioxide (CO2) storage licences in the North Sea. The tender was set to open on August 15, 2023, according to the executive order on CO2 storage license tenders, with a deadline of October of the same year. The first tender round was opened

Toyota Fortuner unveiled with 100% bioethanol engine

Toyota has revealed a new version of its popular SUV, the Fortuner, at the Gaikindo Indonesia International Auto Show (GIIAS) 2023. This prototype SUV, named the Toyota Fortuner Flexy Fuel, operates using bioethanol, which is made from organic materials. Unlike regular ICE-powered, which is derived from fossil fuels, bio-ethanol is considered more environmentally friendly. The

ClassNK issues AiP for ammonia fuel supply system for ship developed by SHI

ClassNK has issued an Approval in Principle (AiP) for an ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy Industries (SHI). Ammonia is expected to be used as a ship fuel for decarbonization since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative as it has

Cathay Cargo receives IATA’s CEIV lithium batteries accreditation

The airline-specific CEIV Li-batt accreditation joins Cathay Cargo’s existing mitigations for lithium-ion battery shipments, which include a full range of fire containment bags (FCBs) and fire-resistant containers (FRCs).

India buys Russian crude despite narrowing discounts

Indian buyers, key consumers of cheap Urals crude since the invasion of Ukraine, have no plans to turn away from Moscow even as the discount to global benchmarks narrows, arguing Russian barrels remain among their most affordable options. India’s consumption of Russian crude has soared since last year, with the country becoming a leading supplier,

Tesco reveals netzero targets

Tesco has revealed a set of netzero targets, approved by the Science Based Targets Initiative (SBTi), in a bid to achieve carbon neutrality within its operations by 2035 and across its value chain by 2050. Tesco was one of the first businesses to set approved 1.5C science-based targets. The targets encompass interim aims to cut

GPS Renewables acquires Proweps

Indian biofuels technology firm GPS Renewables has acquired Germany-based Proweps Envirotech, a design and engineering company that specializes in technologies to utilize municipal and industrial organic waste for biogas production. According to the report, GPS Renewables has set up over 100 biogas plants across India. Meanwhile, Proweps’ flagship projects include the largest organic waste-to-biogas power

Scientists warn US forests could become carbon emitters by 2070

A new concerning report issued by the US Department of Agriculture has projected that by 2070, the forests in America could be emitting significantly more carbon into the atmosphere than they are able to sequester. According to experts, forests across the United States, except for those in Alaska, are expected to cease absorbing 150 million

Taylor Machine Works, Cummins to integrate hydrogen engines

Cummins Inc. and Taylor Machine Works Inc., a leading American manufacturer of heavy industrial lift equipment, announced a signed letter of intent with plans to integrate the Cummins 6.7-liter and 15-liter hydrogen engines into the Taylor product line. This collaboration will help realize the decarbonization goals of industrial steel, wood products, concrete, oil and gas,