Subsidies for fossil fuels increased in 2021

According to a new analysis by the Organization for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA), the annual support for fossil fuels doubled in 2021 to nearly $700 billion, slowing progress towards global community climate goals. Economic recovery contributed to the increase in subsidies and it will rise even more in

Shell forms partnership to develop hydrogen from ethanol

Shell Brazil, Raízen, Hytron, University of São Paulo (USP) and SENAI CETIQT have agreed to develop hydrogen from ethanol production plants in Brazil. For the production of hydrogen, biofuel will be supplied by Raízen, using technology developed and manufactured by Hytron, supported by the SENAI Institute for Innovation and Biosynthetics and Fibres from SENAI CETIQT,

Sasol and ITOCHU agreed for joint study on green hydrogen and ammonia

Sasol and ITOCHU Corporation have agreed to jointly study and develop the market and supply chain for green ammonia with a focus on its use as bunkering fuel and for power generation. The parties will also evaluate ITOCHU’s potential involvement and participation in Sasol’s green ammonia export-orientated project, including product offtake as well as financial

First LNG-fueled truck manufacturing plant launched in India

Blue Energy Motors has launched India’s first Liquified Natural Gas (LNG) fueled green truck manufacturing plant at Chakan, Pune. The facility was inaugurated by Nitin Gadkari, Union Minister, Road Transport and Highways. Blue Energy Motors has already signed an agreement with FPT Industrial, the global powertrain brand of Iveco Group, headquartered in Italy, to introduce

Renewable Energy Investment Can Create Huge Revenue By 2030

According to a report titled ‘Investing for Impact: Renewable Energy & Cleantech’, India has the potential to generate a whopping 212 billion in revenue by investing in renewable energy and cleantech focused ventures by 2030. The report said that about 3.4 million jobs can be created by 2030 with an investment of $350 billion in

A New Method Of Producing Green Hydrogen From Water Discovered

University of California scientists have discovered a novel method of producing hydrogen gas from water at room temperature, according to a report from Newsweek. The simplest and most abundant element in the universe is hydrogen. Only one proton and one electron make up this atom. According to Santa Cruz Works, the distinctive aluminium nanoparticles combine

Accenture Acquires Carbon Intelligence for Sustainable Impact

Accenture has acquired Carbon Intelligence, a leading carbon and climate change strategy consultancy, adding more than 160 professionals to its rapidly growing group of data scientists, consultants and sustainability experts. Carbon Intelligence is focused on helping global businesses understand their overall carbon footprints, and ways to reduce them, using Science Based Targets Initiative (SBTi) strategies

Proman & Stena JV Completed First Methanol Bunkering Operation

The joint venture (JV) of Proman and Stena Bulk have completed first methanol bunkering operation at Ulsan Port in South Korea. The bunkering was executed despite South Korea not being a methanol-producing country and neither vessel – Stena Pro Patria and Stena Pro Marine, was carrying methanol as cargo. Proman Stena Bulk’s fully operational methanol-fuelled

ZIM Signs Agreement With Shell For $1bn LNG Supply

ZIM has signed a 10-year agreement with Shell, valued at more than $1bn, for the supply of liquified natural gas for ten LNG-fueled vessels chartered from Seaspan, the world’s largest containership leasing company. The agreement with Shell may also cover other trades where ZIM LNG vessels could be deployed. The 15,000 teu vessels are expected

Carbon Offset Program Unveiled By G2 Ocean For Its Customers

G2 Ocean has launched a carbon offset program for its customers enabling them to digitally offset the emissions of their shipments by choosing to fund one or multiple climate projects. The introduction of the carbon offset program is a step for G2 Ocean toward its targets of becoming a net-zero emissions company by 2050 and