NetZero by 2050 needs $9.2 trillion annual investment

The energy transition will be a very expensive and complicated endeavor in which different countries and regions will be unevenly impacted, analysts and forecasters have been saying for years.  The world cannot just flip the switch off on the current energy systems and start running on renewables, however noble, emission-reducing, and climate-protecting this sounds.  As

LSU chemists discover way to improve biofuel and biomaterial production

Globally, sustainable energy is in demand, and plant biomass has been a front-runner as a renewable resource. Until now, physical and chemical interactions in plant biomass had been a challenge in post-harvest processing, but LSU Department of Chemistry associate professor Tuo Wang and his research team of graduate students have discovered new information that can

Switzerland – Banks risk becoming new fossil fuel villains in 2022

Major banks, like UBS, are coming under increasing pressure to clean up their investments. As businesses were gearing up for the COP26 climate summit in Glasgow last year, one of Europe’s larger banks released an update on how it planned to do its bit to combat global warming. Switzerland’s UBS group said it had become

Wartsila hits methanol milestone with first newbuild engine order

The technology group Wartsila has received its first order for newbuild methanol-fuelled engines. A new Offshore Wind Installation Vessel (WIV) being built for Dutch contracting company Van Oord at Yantai CIMC Raffles shipyard in China will be powered by five Wärtsilä 32 engines capable of operating with methanol. The order, which includes the methanol fuel

DNV-led consortium to conduct ammonia bunkering safety study

The Global Centre for Maritime Decarbonisation (GCMD) has awarded its ammonia bunkering safety study in Singapore to a DNV-led consortium aimed at accelerating the shipping industry’s decarbonisation efforts, the Centre said in a statement on Wednesday. “A precursor to the demonstration of ammonia bunkering in Singapore, the intent of this study is to define a

Getting hydrogen out of banana peels

As the world’s energy demands increase, so does our consumption of fossil fuels. The result is a massive rise in greenhouse gases emissions with severely adverse environmental effects. To address this, scientists have been searching for alternative, renewable sources of energy. A main candidate is hydrogen produced from organic waste, or “biomass”, of plants and

Hambantota Port to begin MGO Fuel Bunkering

Oil tanker ‘Sunny Bay’ carrying 15,000 metric tons of Marine Gas Oil (MGO), called at the Hambantota International Port (HIP) on the 23rd January. The vessel was the first to discharge MGO for storage at the port’s tank farm. HIP, with its global partner Sinopec, launched bunkering operations for VLSFO last year. With the tank

Living and growing with energy: what are the alternatives?

If there is a consensus on this earth, it is that life is worth living. Far from being perfect, which would be very boring, the conditions of this life must be constantly improved, this is called aspiring to progress. As we realise the limits to the burden that human activity can place on the environment,

HSFO demand lifts Singapore’s 2021 bunker fuel sales

Singapore’s bunker fuel sales in 2021 rose by 0.3% on the year to 49.99mn t in response to strong high-sulphur fuel oil (HSFO) demand and record container throughput, according to the city-state’s Maritime and Port Authority (MPA). This is the second-highest total on record after the port of Singapore, the world’s largest bunkering hub, achieved

Nitin Gadkari urges construction sector to substitute diesel with alternative fuels

Expressing concern over the use of diesel in the construction industry, Union Minister Nitin Gadkari on Tuesday said the sector must work for substitution of the fossil fuel with alternative fuels like bio-ethanol, LNG and CNG, which will not only reduce hazardous emissions but also cut the huge import bill. Addressing an event organised by