Russian H1 2021 bunker sales drop 20%

Russian marine fuel sales declined by 20 per cent to about 2.4mn t in the first half of the year, from 3.1mn t during the same period last year, but demand was mixed at the different coasts. Overall Russian demand fell amid strong price competition from other international ports, tighter product availabilities and adverse weather

Biden’s clean cars plan doesn’t mention biofuels

President Joe Biden outlined a new national target for the adoption of electric vehicles in an announcement Thursday, calling for them to represent half of all new vehicle sales by 2030. However, biofuels groups continued to remind the administration the role that low carbon fuels such as ethanol can play in the remaining transportation fleet.

Natgasoline methanol facility in Beaumont, Texas goes offline

The Natgasoline methanol production facility in Beaumont, Texas, is currently offline, several market sources said. The facility, which is a joint venture of Proman and OCI, has a total production capacity of 1.75 million mt/year. The Beaumont facility was heard to have experienced an operational issue related to the gas feed, one of the sources

Ennore – Ramanathapuram LNG pipeline to be ready by Feb 2022

The Ennore – Ramanathapuram liquefied natural gas (LNG) pipeline is expected to be completed by February 2022, P. Jayadevan, Executive Director, Indian Oil Corporation Ltd. (IOCL) said here on Saturday. Addressing presspersons at the company’s LNG terminal, which was commissioned in March 2019, he said that around 85% of the work to lay the ₹6,000

Mammoet completes first project using HVO fuel

Mammoet, the global market leader in engineered heavy lifting and transport, has executed its first operation using low-carbon HVO fuel. The operation, to transport two topsides, is another step towards more sustainable operations for the world’s leading heavy lifting and transportation company.  In the past, Mammoet’s worldwide fleet has run on conventional diesel. With new

HSFO cash premiums surge to 9-month highs, VLSFO firms

Cash premiums for cargoes of Asia’s high-sulphur fuel oil (HSFO) extended gains on Friday, ending the week at multi-month highs amid limited supply and firm demand from utilities and refiners. Cash premiums 180-cst HSFO hit a more than nine-month high of $5.30 a tonne to Singapore quotes, while premiums for cargoes of 380-cst HSFO climbed

Bunker Fuel Market Predicted To Grow Robust at CAGR of 3.1% by 2027

Global bunker fuel market size was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027. Bunker fuel is a type of fuel oil that is used abroad vessels. It is poured into ship’s bunkers to power its engines. Bunker

Is shipping heading in the right direction?

Climate change is high on the agenda for most countries as they look to reduce greenhouse gas emissions significantly over the coming years. The shipping industry is currently one of the biggest polluters but it is responding to the need for lower carbon emissions and, ultimately, green fleets. We speak to experts leading the quest

Asia’s dominance of floating solar is only just getting started

The Asia-Pacific region already dominates the fast-emerging market in floating solar PV (FPV), and it looks set to build on that position as more nations get on board and costs fall. Asia-Pacific is set to increase its market share from 74% in 2020 to 87% in 2026 in terms of global installed FPV capacity. This

Oberon Fuels starts commercial production of renewable DM

Oberon Fuels, producer of clean-burning dimethyl ether (DME) transportation fuel, has begun production of the first-ever renewable DME (rDME) in the United States, and the only current commercial production of this molecule in the world. Because rDME’s properties allow it to cost-effectively store and transport renewable hydrogen, this milestone unlocks Oberon’s ability to reduce emissions