India takes a stand to phase down fossil fuels

India is leading a push for the COP27 climate summit to conclude with a decision on phasing down all fossil fuels, a move that would expand the focus from just coal, but is likely to raise strong concerns from oil and gas-reliant countries. Indian negotiators formally called on the Egyptian Presidency of climate talks for

At COP27 countries committed to cut emissions

Some of the world’s leading economies have committed to reducing greenhouse gas (GHG) emissions from fossil fuels, but said oil and gas consumption will persist as the energy transition takes shape as they seek to balance energy security with decarbonisation. At the Cop 27 UN climate summit today, the US, the EU, the UK, Japan,

IOC to recycle 20 mn PET bottles annually

IOC, which meets as much as half of the nation’s fuel needs, has already committed to a net zero emission target by 2046 and is now venturing into recycling PET bottles. Indian Oil Corporation (IOC), the nation’s largest oil firm, will recycle 20 million discarded mineral water, cold drink and other PET bottles annually to

Federal funding sought for hydrogen hub in the US

A coalition of Southeastern utilities is seeking federal funding for a regional hydrogen hub. The utilities, including Georgia Power’s corporate parent, Southern Company, believe that hydrogen is poised to play a major role in reducing climate-warming carbon emissions. That’s because hydrogen, the most abundant element in the universe, is a clean and versatile energy source

Samsung gets approval from DNV for liquid hydrogen fuel-cell system

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) for the technology based on combining liquefied hydrogen and polymer electrolyte membrane fuel cell (PEMFC) from Norwegian classification society DNV SHI said it is the first shipbuilder in the maritime sector to develop fuel-cell technology for ships. The company said it acquired

India asks for higher global climate finance target

Developing countries require substantive enhancement in climate finance from the floor of $100 billion per year to meet their ambitious goals and rich countries need to lead the mobilisation of resources, India has stressed at the ongoing UN climate summit COP27. At COP15 in Copenhagen in 2009, developed countries had committed to jointly mobilise $100

Halten Bulk to build more hydrogen-fuelled bulkers

Halten Bulk has moved to build a pair of hydrogen-fuelled bulkers following NOK142m ($13.8m) funding from government enterprise Enova. Halten Bulk, owned by Brødrene Nordbø, Egil Ulvan, and Strand Shipping, was founded in 2014 and currently operates seven short-sea bulk vessels. The two new vessels have been designed by Norwegian Ship Design, which now has

Samsung Heavy introduces liquefied hydrogen fuel cell system

Samsung Heavy Industries has debuted a liquefied hydrogen fuel cell system. The South Korean shipbuilding major has received an approval in principle from DNV for its polymer electrolyte membrane fuel cell, which it has developed in association with compatriot firms Bumhan Fuel Cell, Jungwoo ENE and S&SYS. In 2020, Bloom Energy and Samsung Heavy Industries

World’s largest CO2-to-methanol plant starts production

The world’s first commercial scale CO2-to-methanol plant has started production in Anyang, Henan Province, China. The cutting-edge facility is the first of its type in the world to produce methanol — a valuable fuel and chemical feedstock — at this scale from captured waste carbon dioxide and hydrogen gases. The Shunli CO2-to-Methanol plant in Anyang,

MOL books three more LNG newbuilds

Japan’s Mitsui OSK Lines (MOL) has signed another long-term charter contract with QatarEnergy for three newbuild liquefied natural gas (LNG) carriers. The vessels will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and are scheduled for delivery in 2027. MOL signed a long-term charter contract with QatarEnergy in April 2022 for four newbuilds, and the latest deal