Hyundai’s auto parts making unit to use 100% renewable energy by 2040

Hyundai Mobis Co said its operations around the world will use renewable energy for 65% of its electricity needs by 2030, and all of its electricity needs by 2040. This goal is a decade earlier than the global 2050 standard required by the RE100 initiative. The auto parts making unit of Hyundai Motor Group will

Vestas to introduce the first hydrogen-powered CTV

Hydrocat 48, the world’s first hydrogen-powered crew transfer vessel’s (CTV), pilot test run will be executed by Vestas. Vestas is partnering with Windcat Workboats to test the CTV. The CTV features a dual-fuel engine supplied by MAN engines. The combination fuel will be hydrogen and marine gas oil. The pilot program will examine how Vestas

Matheson Tri-Gas signs hydrogen supply agreement with Vertex Energy

Matheson Tri-Gas has signed a long-term Supply Agreement to meet hydrogen requirements for a 75,000 bpd refinery in Mobile, Alabama owned by Vertex Energy. The Matheson Facility will have a nameplate capacity exceeding 30 mmscfd hydrogen production and the capability to process a range of feedstocks, including renewable naphtha and other co-products from Vertex’s Renewable

TNG receives funding from Export Finance Australia

TNG Limited, a mineral processing technology company, has received export finance funding for its Mount Peake vanadium-titanium-iron project in the Northern Territory. Vanadium is used to strengthen steel and as electrolyte in the emerging technology of vanadium redox flow battery energy storage, while titanium is a high strength, light weight metal used in aerospace and

Europe considering to replace planes with high-speed trains

Rail industry leaders of Europe met in Lyon, France recently to discuss the potential expansion of their rail systems. Their current vision involves doubling rail use by 2030 and tripling it by 2050. The end goal is to have these trains connecting all these major cities. However, Europe is hoping to cut down on this

Golden Ocean places order for three dual-fuel vessels

Golden Ocean Group has placed an order for the construction of three dual-fuel kamsarmax bulk carriers, and offloaded two 2015-built ultramax vessels. It currently has seven ships under construction at China’s Dalian Shipbuilding Industry Corp (DSIC), and the 85,000 dwt eco-type trio will be built at the same shipyard and delivered in the third quarter

Second methanol-fuelled tanker to Proman Stena Bulk delivered

Proman Stena Bulk takes delivery of second methanol-fuelled tanker Stena Pro Marine. Proman Stena Bulk is a joint venture (JV) between global methanol producer Proman and one of the world’s largest tanker shipping companies Stena Bulk. Both 49,990 DWT IMOIIMeMAX dual-fuel mid-range (MR) tankers were built at GSI in China. Stena Pro Marine, like Stena

Huge spending needed to decrease methane from the world

According to a report from the Climate Policy Initiative, a tenfold increase in methane abatement spending is needed to sharply cut global emissions of the potent greenhouse gas and avoid the worst of climate change. The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases. The potent

Global dependence on China for solar panels needs to be curtailed: IEA

International Energy Agency (IEA) says that countries must reduce dependence on China’s production of solar panels to reach net-zero emissions. IEA in its report said that while China’s policies and innovation have made solar power more affordable, its domination of the sector has also resulted in “imbalances” in supply chains. China has been instrumental in

Tata Power plans invest in renewable energy

Tata Power announced to invest over $946.55 mn (₹75,000 crore) in renewables in the next five years. The company has decided to ramp up clean energy portfolio as India is transitioning to green fuels from fossil fuels. Tata Power chairman N Chandrasekaran said the firm aims to have an electricity generation capacity of 30 GW