New hydrogen production plant at Pyeongtaek launched in South Korea

South Korea has launched a 2,555 t/yr hydrogen production plant in Pyeongtaek, its first such facility in a metropolitan area, according to the country’s industry and trade ministry. The Pyeongtaek hydrogen plant is the country’s second such facility, following the launch of the Changwon production plant in Gyeongsangnam-do that has been operating since the end

First LNG dual fuel shuttle tanker delivered

A dual-fuel LNG shuttle tanker ordered by Knutsen NYK Offshore Tankers AS, which is an affiliate of NYK, was delivered at Daewoo Shipbuilding & Marine Engineering Co. Ltd. The vessel has been named Frida Knutsen. The shuttle tanker will be chartered to ENI Trade & Biofuels S.p.A, a subsidiary of Ente Nazionale Idrocarburi S.p.A, and

Dual-fueled Tiger Bintulu made Bintulu Port its maiden port of call

The world’s largest and first dual-fueled LNG ISO tank carrier, the Tiger Bintulu, has made Bintulu Port its maiden port of call. Bintulu Port Sdn Bhd (BPSB) said the 192-metre-long vessel arrived at BPSB’s Bintulu International Container Terminal carrying 400 units of empty LNG ISO tanks. The vessel belongs to Tiger Gas Group. Bintulu Port

James Fisher, NMDC Group to work together on energy transition projects

James Fisher and Sons plc and Abu Dhabi’s NMDC Group have signed an MoU to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide. The collaboration will enable James Fisher and NMDC to expand their capabilities jointly in offshore wind,

Indian government revised windfall tax on Crude

The government has once again revised the newly-introduced windfall tax levied on crude, diesel and jet fuel (ATF). The tax on domestically produced crude oil has been raised to ₹17,750 ($226.14) per tonne from ₹17,000 per tonne, while export taxes on jet fuel has been cut to zero from ₹4 per litre. The excise duty

NYK and Astomos Energy participate in marine biofuel data collection

NYK and Astomos Energy Corporation have participated in a marine biofuel demonstration project launched by the Global Center for Maritime Decarbonisation (GCMD), a non-profit organization aiming to promote decarbonization of the maritime industry. Biofuels can be used without remodeling the existing ship’s engines and infrastructure. Furthermore, although biofuels generate CO2 when combusted, they are considered

Enbridge and Pacific Energy to invest in Woodfibre LNG project

Enbridge Inc. and Pacific Energy Corp. formed a partnership agreement to invest in the construction and operation of the C$5.1 billion ($3.98 billion) Woodfibre LNG project in British Columbia. The Woodfibre LNG project is a 2.1 million-metric-ton-per-year export facility being built near Squamish, underpinned by two offtake agreements with BP Gas Marketing Ltd. for 15

Reduce fuel costs and emissions with energy storage

Currently, fuel prices are touching the sky in the wake of Russia-Ukraine conflict and its impact on supply chain systems across the world. In addition to that the COP26 global climate summit held in Glasgow in November 2021 has recommended the move away from fossil fuels and to encourage decarbonisation for meeting the global climate

Wah Kwong teams up with BV and Shanghai Qiyao for study on CCS

Wah Kwong Maritime Transport has teamed up with French class society Bureau Veritas and Shanghai Qiyao Environmental Technology Co., to study the feasibility of installing carbon capture and storage (CCS) units on existing ships. This is aimed at meeting 2030 carbon intensity indicator (CII) targets. The agreement will see the three entities focus on two

Telefónica obtains SBTi validation

Telefónica is the first telecommunications operator in the world to obtain the validation of the Science Based Targets Initiative (SBTi). The company confirms that its decarbonization route is in line with science. Telefónica is committed to achieving net zero greenhouse gas (GHG) emissions across the entire value chain by 2040, which represents an effective reduction