Spain rejects Brussels’ plan to classify nuclear power and natural gas as green energy

Spain is rejecting the European Commission’s proposal to classify nuclear energy and natural gas-powered plants as green technology. In a statement released on Saturday, the Commission said it had begun consulting with EU member states on a text that will later be sent to the European Parliament and Council for scrutiny. The document is part

First green hydrogen plant starts operations in New Zealand

Production of New Zealand’s first green hydrogen plant has officially begun. The 1.5 MW green hydrogen plant, located in Taupo, was built by Halcyon Power and uses electricity generated from the nearby Mokai geothermal power plant. Halcyon Power is a 50/50 joint venture between Tuaropaki’s trust and Japan-based Obayashi Corporation. According to Halcyon Power project

Keeping Pace with the Climate Transition

The transition to a low-carbon economy could occur faster than investors may think. Climate change has already become one of the most prominent line items on the world’s agenda. But we believe that its impact on the global macroeconomy is just beginning and increasing in pace. In our view, investors should think of the transition

The world has a new path to sustainable energy – green hydrogen

The time is right to tap into hydrogen’s potential to play a key role in tackling critical energy challenges. The recent successes of renewable energy technologies and electric vehicles have shown that policy and technology innovation have the power to build global clean energy industries. Hydrogen is emerging as one of the leading options for

Prices continue to rise as OPEC + celebrate its founding

As the OPEC+ group commemorates the 5th anniversary of its founding, oil prices continued to rise despite the ongoing increase in the rate of infections with the Omicron variant, as Brent crude rose 3.3 percent. The cancellation of many flights did not affect the price rise, which amounted during this year to more than 45

Asian industrial ethanol import prices may rise in 2022

Asian industrial and beverage grade ethanol import prices may rise in 2022 as key exporter Brazil sees higher domestic prices and strong sugar valuations. Brazilian hydrous ethanol values, FOB Santos, closed at $612/cu m on Dec. 23, higher than $416/cu m on Jan. 4, S&P Global Platts data showed. Ethanol prices have been climbing toward

Norwegian ammonia-powered shipping project moves ahead

Ammonia bulker startup Viridis Bulk Carriers and consortium partners have moved one step closer to realising a carbon free short sea transportation service comprising cargo, ships and fuel logistics as part of the project called FlexBulk. The project has been awarded NOK13.75m ($1.5m) in development funding from the Norwegian Pilot-E program, a collaboration between the

China targets 16.2 million mt fuel oil imports by non-state-owned enterprises in 2022

The Ministry of Commerce of the People’s Republic of China (MOFCOM) on 23 December issued the 2022 Refined Oil (Fuel oil) Non-state trade import allowance application conditions, distribution principles and related procedures document. The import of fuel oil is subject to state-owned trade management, states MOFCOM. However, certain provisions between China and the World Trade

Essar jointly invests $300 million in Vietnam’s offshore hydrocarbon block

In a bid to increase its investment opportunities overseas, the Essar group via its exploration entity Essar Exploration and Production Ltd (EEPL) is investing in hydrocarbon block 114, located offshore of Central Vietnam. To be developed jointly with Ente Nazionale Idrocarburi (ENI), an investment of $300 million has been made in the project so far.

What to Expect for Alt Fuels in 2022

Emissions reduction pressure and sustainability goals will continue to mount as more fleets, consumers seek to reduce carbon footprint. As many of us do around this time of year, I’ve been reflecting on 2021 and thinking about what may happen in 2022. When it comes to alternative fuels, there’s a lot to consider. So here