EU requires 400 GW of energy from renewable sources to reach netzero

The European Union’s plan to hit carbon neutrality by 2050 and support a 1.5°C limit on average global warming will require the continent to install 400 gigawatts of new solar and wind per year between 2025 and 2035. It has to ramp up hydrogen production, and develop viable carbon capture technology, according to a study

Utkilen to invest hugely on multifuel ships and LNG retrofits

Utkilen, a Norwegian chemical tanker operator, is investing €125m ($131m). The company will invest in four multi-fuel newbuilds and the retrofitting of four existing ships to operate on LNG. It has also contracted Turkey’s Icdas yard for the 6,700 dwt quartet that will be delivered from the beginning of 2024. According to the company sources,

Total Energies to work for NFE LNG project in Qatar

Qatar Energy has signed an agreement with France’s Total Energies for the North Field East (NFE) expansion of the world’s largest liquefied natural gas (LNG) project. As per the agreement, a new joint venture company will be formed in which Qatar Energy will hold a 75% interest while Total Energies will hold the remaining 25%

Equinor and Shell agree with Tanzania for building LNG export terminal

Tanzania signed an agreement with Norway’s Equinor and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) export terminal. The agreement has paved way for a final investment decision in 2025 on the facility. The facility will be located near huge offshore natural gas discoveries in

Biomethane trucks added to Marks & Spencer’s fleet

Marks & Spencer (M&S) is adding 20 trucks powered using biogas to its supply chain fleet, as part of its vehicle portfolio with DHL Supply Chain. The Volvo’s FH Liquefied Natural Gas (LNG) tractor unit models with Globetrotter cabs will be used to transport M&S products across the retailer’s routes in Peterborough, Swindon and Castle

Plug and Play to support H2 startup ecosystem

Plug and Play Tech Center announced a new initiative that focuses on hydrogen by launching the H2 Startup Accelerator program. The program can be a vehicle to foster the necessary dialogue and cooperation to accelerate the development of a hydrogen ecosystem in Europe and beyond. The platform will be supported by the Fraunhofer Institutes for

US still importing Russian oil despite ban

According to a new report that tracks the flow of fossil fuels from Russia, some Russian oil is still making it to the United States as the war drags on. The Helsinki-based nonprofit Centre for Research on Energy and Clean Air produced the new report. India has quickly increased the amount of Russian oil that

ABS, Daewoo, and GasLog to collaborate in developing carbon capture onboard technology

ABS, Daewoo Shipbuilding and Marine Engineering (DSME) and GasLog are joining forces to lead the development of carbon neutral shipping. The three companies have committed to work together to develop an onboard CO2 capture and storage system (OCCS) by signing a joint development project (JDP) at the Posidonia International Shipping Exhibition. This emissions reduction technology

Ethanol procurement price increased by OMCs

State-run oil marketing companies (OMCs) – Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOCL) – have decided to procure ethanol to blend with fuel before selling it. The OMCs have announced an increase in ethanol procurement price for a six months period ending November 30, 2022. This

Proteum Energy partners with University of Regina to develop hydrogen from ethanol

Proteum Hydrogen Technologies Corp. and the University of Regina have agreed to work jointly to produce hydrogen from renewable ethanol feedstock. The project is aimed at advancing Proteum’s patented and proprietary steam non-methane reforming (SnMR™) technology, which can provide fuel cell grade clean hydrogen for heavy-duty transportation, low carbon hydrogen-rich designer fuels for power, and