Hyundai Heavy unit says technology to ship hydrogen ready by 2025

Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major source of clean energy. The development by KSOE 009540.KS, the shipbuilding arm of Hyundai Heavy Industries Group 267250.KS, one of

Chevron HDAX 9700 oil gains unique approval for MAN four-stroke engines

Chevron Marine Lubricant’s low sulphated ash trunk piston engine oil Chevron HDAX 9700 has become the first lubricant to gain time-unrestricted approval for use with MAN Energy Solutions’ four-stroke engines running on either LNG or distillate fuels (with a sulphur content of up to 0.10%). This approval is the first of its kind and offers

Want to derail the energy transition? Take fossil fuels out of the mix

Amid steadily increasing atmospheric carbon dioxide levels, governments worldwide face a multidecade challenge: how to decarbonize without jeopardizing their hold on power. Energy is modern civilization’s blood oxygen—an afterthought unless something crimps access to it, at which point a multiple organ crisis rapidly ensues. Consider the tumult following staple fuel price increases in Kazakhstan in

Wärtsilä launches major test programme towards carbon-free solutions

The technology group Wärtsilä continues to lead the ongoing transformation of the energy and marine sectors towards carbon-free solutions through its future fuel development work. The company is pioneering the adoption of hydrogen and ammonia as viable engine fuels through advanced testing in Wärtsilä’s fuel-flexible combustion engines. Hydrogen and ammonia contain no carbon, meaning the

Haryana CM urges one-year exemption for use of CNG, PNG fuels

Haryana Chief Minister Manohar Lal Khattar on Monday met Union Cabinet Minister Bhupender Yadav and demanded at least one-year exemption for the use of CNG, PNG fuels in the industrial sector in the state. Bhupender Yadav is Union Minister for Labour & Employment and Environment, Forest & Climate Change.During the meeting held in New Delhi,

First Large E-Methanol Project Moves Forward with Ørsted Investment

Efforts to develop what could become the world’s first large-scale sustainable e-methanol project are moving forward as the maritime industry looks for sources of alternative fuel. Danish energy company Ørsted, looking to build its leadership position within green fuels and renewable hydrogen, will invest in FlagshipONE, Liquid Wind’s late-stage development project which could be commissioned

Biden weighing cuts to 2022 ethanol blending mandate proposal

The Biden administration is considering lowering the 2022 ethanol blending mandate below the proposed 15 billion gallons amid backlash from the oil refining lobby and unions arguing the shrinking US ethanol industry can no longer support the target, according to two sources familiar with the administration’s thinking. US President Joe Biden vowed to bring some

Hainan bunkering volume up 113% on year to 217,500 mt during 2021

Hainan Maritime Safety Administration supervised 420 bonded oil bunkering operations and recorded a bonded bunkering volume of 217,500 metric tonnes (mt) in 2021, representing respective increases of 158% and 113% on year, according to state media CCTV. The Hainan Provincial Department of Commerce, Hainan Maritime Safety Administration and Hainan Provincial Department of Transportation jointly issued

HSBC slammed for ‘unbelievable’ 2022 fossil fuel investment

Despite “warm words” on climate action during COP26 in Glasgow, HSBC’s continued investment in fossil fuels is “unbelievable”, climate groups have said. Environmental activist group Market Forces has said it has obtained figures which show HSBC is continuing to finance oil and gas deals in 2022. The group claims this flies in the face of

EU delays deadline on green finance taxonomy rules for nuclear and gas

The Commission drafted a plan late last year to add some gas and nuclear investments to the European Union’s “taxonomy,” its rule book to define which investments can be labelled as climate-friendly in the EU. The EU executive quietly distributed a text to member states in the final hours of 2021 after the much-delayed document