Methane regulations were one victory of the Glasgow climate talks. What comes next?

This year’s global climate talks in Glasgow, Scotland, came with the usual sense of anticlimax: lots of lofty rhetoric, too little action. But world leaders made at least one meaningful pledge. More than 100 nations, including the United States, committed to reducing methane emissions by 30% by the end of decade. This commitment is a

LNG bunker fuels are only transitionary: Will hydrogen take over in the long run?

LNG bunker fuels are gaining traction as a way to reduce emissions “right here and right now” among many members of the shipping community. However, it’s only ever going to be a bridging fuel. In its latest weekly report, Gibson said that “the world is changing rapidly around us. One thing that has significantly changed

Renewable energy is getting cheaper, it could replace fossil fuels soon

The global energy sector has an impressive record of scaling-up renewables like wind and solar – but it is not so good at predicting future price changes of the clean energy these renewables produce, according to a new report. Researchers at the University of Oxford’s Institute of New Economic Thinking suggest early pricing prediction models

Methanol’s growing traction as alternative shipping fuel

Among the mix of possible alternative fuels available for marine use, methanol—a chemical building block for hundreds of everyday products—is fast emerging as an attractive option for shipping companies looking to reduce their carbon footprint and meet sector-wide emissions targets. In November 2020, the International Maritime Organization announced that it aims to reduce absolute shipping

The VLSFO crack in Asia fuel oil rises to more than a week high

Asia’s front-month crack for 0.5% very low-sulphur fuel oil (VLSFO) rose to their highest level in more than a week on Friday, and traders expect the market to remain tight until the end of this month. The front-month VLSFO crack against Dubai crude came to $14.62 per barrel during Asian trade on Friday, the largest

New bunker terminal launched at port of Duqm

Oman Oil Marketing Company (OOMCO) says the opening of a new bunker terminal at the Port of Duqm marks the first step in its quest to be a top Gulf Cooperation Council (GCC) marine fuels supplier by 2027. The new terminal will offer high sulphur fuel oil (HSFO), very low sulphur fuel oil (VLSFO) and

Methanol market is projected to increase $66.06 bn by 2030

The latest independent research document on Methanol Market Size by Derivatives (Formaldehyde, Acetic Acid, Gasoline, Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP), Biodiesel, Others), Application (Automotive, Construction, Electronics, Paints and Coatings, Marine, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030 announced by The Brainy Insights is a great composition of a detailed examination of the

Canada on track to reduce fossil fuel use by 62% by 2050

A new forecast says Canada is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues. In a new report on long-term Canadian energy supply and demand outlook, the Canada Energy Regulator (CER) predicts unabated fossil fuel use (meaning fossil fuel combustion

US companies seeking 100% renewables still use fossil fuel

US companies with contracts to buy only renewable power are still relying heavily on fossil fuels because of a lack of clean-energy supplies, a Columbia University study has shown. American firms have to draw between 20% and 50% of their electricity from regional electric grids — heavy on fossil fuels — even when they’ve signed

IOC, Praj Industries to partner in exploring opportunities for green transition

Indian Oil Corporation (IOC) and Praj Industries have inked an MoU to explore opportunities to fast-track India’s transition to cleaner and greener sources of energy by exploring avenues such as the production of Alcohol to Jet (ATJ) fuels, 1G and 2G Ethanol, Compressed Bio-Gas (CBG) and related opportunities in the bio-fuels industry. Exploring these green