Tata Steel launches carbon bank to transform CO2

Private steel major Tata Steel recently launched a carbon bank, a virtual repository through which carbon dioxide will become a value-creating asset for future usage. CO2 is widely recognized as a harmful substance emitted due to the use of various fossil fuels in industry and transportation. The steel industry, in particular, often relies on coal

AGEL raises $400 mn for its solar power projects

Adani Green Energy (AGEL), India’s largest renewable energy firm, has raised $400 million in financing from a consortium of international lenders for its under-construction 750 megawatt (Mw) solar power projects in Rajasthan and Gujarat, the company said. The Rajasthan project, with a capacity of 500 Mw, has a long-term power purchase agreement (PPA) with Solar

KR conducts risk assessment on Korea’s first onboard CCS

 KR has announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing. The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI), and PANASIA. As a result of this collaboration, the system was installed on the

ZeroAvia develops AI Software to cut hydrogen production costs

ZeroAvia announced that it has developed revolutionary AI-driven, scalable smart microgrid optimization software which promises to minimize the cost of hydrogen production for clean aviation and other applications.  Real-world testing of the Smart Hydrogen AI Production Software (SHAIPS) has shown in excess of a 20 percent reduction of the levelized cost of hydrogen (LCOH) compared

X-Press Feeders starts Europe’s first feeder network powered by green methanol

X-Press Feeders, the world’s largest independent common carrier, has started Europe’s first scheduled feeder network in which the vessels are powered by green methanol, a sustainable marine fuel that reduces greenhouse gas emissions by up to 65 percent.  The industry milestone coincided with today’s naming and christening ceremony in Rotterdam of X Press Feeders’ first

Google aims for NetZero emissions by 2030

Tech giant Google has shifted its strategy on achieving carbon neutrality, abandoning its previous practice of mass-purchasing cheap carbon offsets. The company now aims to reach net-zero emissions by 2030 through absolute emission reductions and investment in carbon removal projects. For over a decade, Google claimed carbon neutrality by counterbalancing its emissions with carbon offsets

MPA-NYK join forces to promote safe use of zero-carbon fuels

The Maritime and Port Authority of Singapore (MPA) and Japanese shipping company NYK have joined forces to accelerate maritime decarbonization, digitalization, and manpower development efforts, including the promotion of the safe use of marine fuels. Under the memorandum of understanding signed on July 2, MPA and NYK agreed to deepen their partnership and collaborate on

Reliance, L&T, Adani, John Cockerill to produce electrolysers by 2025

Over half the eight companies that won bids in January for electrolyser manufacturing under the production-linked incentive (PLI) scheme, have conveyed to the government that they will be able to commission their units by next year, ahead of the 2026 deadline. This will be a boost to India’s green ambitions as electrolysers are essential for

Maruti Suzuki takes a big leap in green logistics

Maruti Suzuki India Limited (MSIL) reaffirmed its commitment to green logistics by surpassing a landmark of 2 million cumulative vehicle dispatches using railways. This feat makes Maruti Suzuki, India’s first automobile company to attain this eco-milestone. The company has rapidly scaled up its vehicle dispatches through railways from 65,700 units in FY 2014-15 to 447,750

Wärtsilä to deliver ammonia-fueled gas carriers

Wärtsilä Gas Solutions (WGS), will deliver the fuel supply and cargo handling systems for two new gas carriers that will operate with ammonia fuel. The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner EXMAR LPG, a joint venture between EXMAR and Seapeak. The order with Wärtsilä was booked