ACWA Power commences work on world’s largest green hydrogen project

ACWA Power and its partners have begun the construction work at the world’s largest green hydrogen project in NEOM. The plant will need around 4.3 GW of clean energy to power it, and ACWA plans to use solar during the day and wind at night to eliminate the need for batteries and expensive storage solutions.

NIOC and Gazprom agree for development of three major gas assets

Iranian state-owned NIOC has signed an agreement with Russia’s state-controlled Gazprom covering co-operation on the development of three major gas assets. As part of the deal, the firms will work together on the 55 trillion ft³ (1.6 trillion m³) Kish and the 57.1 trillion ft³ North Pars fields, and to boost pressure levels at the

CARB offers incentives for carbon neutral port equipment

The California Air Resources Board (CARB) has opened the second round of its Clean Off-Road Equipment Voucher Incentive Project (CORE), providing point-of-sale discounts on off-road zero-emission equipment, including port equipment. The project is administered by CALSTART – a national nonprofit consortium focused on building a prosperous, efficient and clean high-tech transportation industry – and has

Comstock files for patent to produce renewable fuels

Comstock Inc. has filed for a new patent covering breakthrough pathways to produce renewable diesel, marine, sustainable aviation fuel and gasoline from woody biomass. The company has announced a significant expansion of its leading cellulosic technology portfolio, as this dramatically improves yield, efficiency, and cost in comparison to all known methods. Comstock’s plans to decarbonize

Nippon Steel purchases LNG shipment at most expensive price  

Nippon Steel has purchased a liquefied natural gas shipment at the highest price ever paid in Japan amid growing fears of disruptions of LNG supplies from Russia. The world’s second-largest steelmaker bought an LNG cargo for delivery in September at a price of $41 per million British thermal units (mmBtu), most likely supplied by a

Russia defaults on gas supplies to GAIL

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India. India’s largest gas firm GAIL has a long-term deal to import 2.85 million tonnes of liquefied natural gas (LNG) per annum from a Singapore-based

GreenZo Energy to set up 50 MW hydrogen capacity in Nepal

GreenZo Energy will set up green hydrogen capacities totalling 50 MW at various locations in Nepal. The company has signed a memorandum of understanding (MoU) with API Power Company Limied to develop 50 MW green hydrogen plants. The plant can generate 4,000 million tonnes of hydrogen annually within a span of three years. Under the

Gazprom cannot guarantee gas deliveries to Europe

Russia’s Gazprom says it cannot guarantee natural gas deliveries to European customers – as its exports to China hit an all-time high. Russia’s Gazprom has tried to claim “force majeure” — or an act of God — in its natural gas contracts with European buyers. Force majeure clauses allow parties to be released from their

TotalEnergies and Adnoc to work together on supplying diesel

TotalEnergies and Adnoc have agreed to work together on supplying UAE diesel to France as part of a new strategic partnership agreement. The agreement also includes jointly evaluating opportunities for new oil and gas developments in the UAE and assessing the possibility of a carbon capture, utilisation and storage (CCUS) project in the Mideast Gulf

Hexion starts using bio-based methanol

Hexion, the chemical company, has started using bio-based methanol in the production of formaldehyde. The bio-based fuel which can be made from feedstock mixes and technologies will ultimately help the company make more sustainable materials with lower emissions. The formaldehyde will then use bio-benzene to produce methylene diphenyl diisocyanate (MDI), which will have more sustainable