Astomos, INPEX agree to supply marine biofuel

Astomos Energy Corporation (Astomos) and INPEX CORPORATION (INPEX) announced they reached an agreement to supply B24 biofuel bunker to a Very Large Gas Carrier (VLGC) chartered by Astomos in the United Arab Emirates (UAE). Over the next several months, INPEX will supply B24 biofuel to the VLGC through a bunker vessel operated by Monjasa1 at

ABS explores near-shore green hydrogen production

ABS joined Korean industry leaders in the signing of a memorandum of understanding (MOU) to produce a feasibility study for a near-shore floating platform of green hydrogen production and liquefaction. ABS joins the Korea Institute of Energy Technology (KENTECH); HD Korea Shipbuilding and Offshore Engineering (HD KSOE), part of HD Hyundai Group; Linde Korea; and

A new perspective for bio-energy with CO₂ capture

Hydrogen, seen as the “ultimate energy” for the 21st century, boasts benefits such as being clean and renewable as well as storable and versatile. The International Energy Agency predicts that 115 million tons of hydrogen will be required in 2030 to make global carbon dioxide net emissions zero by 2050. This makes green hydrogen a

Proman to choose methanol for its future fleet

Proman’s shipping division plans to make an eventual full switch to methanol from conventional oil-based fuels, betting on methanol’s potential decarbonization effects and proven propulsion technology. The Switzerland-headquartered methanol producer has established a 50-50 joint venture with Swedish tanker firm Stena Bulk, Proman Stena Bulk, to operate six MR dual-fuel tankers capable of running on

Posco International signs a charter deal with H-Line

Posco International, the trading arm of South Korean steelmaker Posco, has penned a charter deal with compatriot H-Line Shipping for a newbuild liquefied natural gas (LNG) carrier. The 174,000 cu m vessel will be built by Hyundai Samho Heavy Industries and delivered in the first half of 2025. The company, which merged with Posco Energy

Honeywell’s new technology to turn CO2 into lower-carbon fuel

Honeywell International Inc announced a new technology to produce lower-carbon aviation fuel from green hydrogen and carbon dioxide captured from industry, which can help cut greenhouse gas emissions from aviation, one of the hardest sectors to electrify and decarbonize. Sustainable aviation fuel, or SAF, is typically made using biomass-based feedstocks such as soybean oil and

India pressing EU for recognition of carbon certificates

India is pressing the European Union for a mutual recognition agreement for its carbon certificates and exempt MSMEs in certain sectors to insulate the domestic industry from the burden of the EU’s carbon tax, which would kick in from October this year. The EU is introducing the Carbon Border Adjustment Mechanism (CBAM) from October 1

Australia to accelerate clean energy projects

Australia will invest A$2 billion ($1.4 billion) to scale up development of its renewable hydrogen industry, the government announced in its annual budget, as it looks to accelerate clean energy projects in the country. Funds will be allocated under a “Hydrogen Headstart” programme that provides revenue support for large-scale renewable hydrogen projects through competitive hydrogen

Sweden may miss CO2 targets with biofuel cut

Sweden will struggle to hit its 2030 emissions targets, a government agency warned after the country’s minority coalition cut the biofuel that must be added to diesel and gasoline. The right-wing Sweden Democrats-backed coalition government has already cut fuel taxes, raised tax breaks for people driving to work and ended new electric vehicles subsidies. Mixing

ULEMCo bags OCC’s hydrogen fuel cell project

ULEMCo, a developer of hydrogen fuelled vehicle, together with a number of partners has been awarded £3.9m by government, matched by industry to a total £7.9m, for a major project with Oxfordshire County Council (OCC) to develop solutions for hydrogen powered vehicles. The ‘HYER Power’ project will develop a hydrogen fuel cell range extender module