Inox Air plans to foray into green hydrogen business

Inox Air Products Ltd, India’s largest manufacturer of industrial and medical gases, plans to tap the equity market to finance an expansion into green hydrogen. India has announced a National Green Hydrogen Mission to create 5 million tonnes of capacity by 2030, as it aims to become a world leader in green hydrogen. Inox Air

Breakthrough achieved in ammonia engine test

NYK Line, IHI Power Systems, Nihon Shipyard, Japan Engine Corporation, and ClassNK have announced that the world’s first four-stroke ammonia-fuelled engine has successfully completed a land-based test for the stable combustion of ammonia having an 80% co-firing ratio as part of a demonstration project for the commercialisation of vessels equipped with a domestically produced ammonia-fuelled

EU agrees to promote sustainable fuels in shipping

European Parliament (EP), the Council of the European Union, and the European Commission (EC) have reached an agreement on the FuelEU Maritime regulation, with the objective to increase the share of renewable and low-carbon fuels in the fuel mix of maritime transport in the EU. In particular, from 2025, for ships trading in the EU/EEA,

Vast and Mabanaft agree on green methanol

Australian renewable energy company Vast has executed a letter of intent with Hamburg-based fuels trader Mabanaft for potential offtake and equity investment in a green methanol demonstration plant called Solar Methanol 1 (SM1). Vast is developing the SM1 project in Port Augusta, South Australia which will deliver up to 7,500 tonnes per annum of green

EU to crack down on fuel imports from India

Josep Borrell, the European Union’s foreign policy chief, has said that the bloc will act against the importation of Indian petroleum products that use Russian oil, in rare explicit criticism of India’s role in helping Russia evade Western sanctions amid the war in Ukraine. India has emerged in the past year as a top buyer

Stolthaven terminals to explore green methanol bunkering hub

Stolthaven Terminals has signed a Memorandum of Understanding (MoU) in Australia to explore the commercial feasibility of establishing a green methanol bunkering hub at Port of Melbourne in Victoria. The MoU, led by Port of Melbourne, also includes Maersk, ANL (a subsidiary of CMA-CGM), Svitzer, HAMR Energy and ABEL Energy. Together, the companies will examine

First Hydrogen LCV trials exceed expectations

First Hydrogen has revealed its fuel-cell-powered light commercial vehicles (LCV) currently being trialled are performing ‘better than expected’. Fleet management provider Rivus is evaluating the operation trials, which in its first phase of commissioning, saw the LCVs accumulate over 6,000km on UK roads. The mileage enables First Hydrogen to gather performance data, such as fuel

Green hydrogen market could hit $850 billion in 2050

Rethink Energy predicts the green hydrogen market to reach a $850 billion valuation in 2050, driven by the installation of over 5 TW of electrolysis capacity. The report highlights the importance of approximately 650 GW of electrolyzer manufacturing capacity and expects cumulative sales of $2 trillion, resulting in a significant return on the $111 billion

Fujairah bunker sales rebound in April

Sales of marine fuel, also known as bunker fuel, recovered in April at the UAE’s Fujairah after hitting record lows in March, latest Fujairah Oil Industry Zone [FOIZ] data showed. Bunker sales at Fujairah provide a gauge of shipping market sentiment in the middle east, as Fujairah is the world’s third-largest bunkering port and a

Wärtsilä reliquefaction system selected for FSU retrofit

Wärtsilä is to supply the reliquefaction system for a retrofit project on an LNG carrier converted to operate as a floating storage unit (FSU). The vessel, the Energos Grand, is owned by Stamford, Conn., headquartered based operator Energos Infrastructure, and is being chartered by New Fortress Energy. The Wärtsilä Compact Reliq system allows the boil-off