Ship owners save $8 bn and 41 mn tonnes of CO2 with Intersleek® 1100SR

Real-world performance data compiled from ships applied with International® brand Intersleek® 1100SR over the past 10 years shows the coating has slashed ship fuel bills by $8 billion and reduced 41 million tonnes of CO2 emissions. The world-leading biocide-free, foul release coating revolutionised the coatings industry when it was launched by AkzoNobel in 2013, and

POET, Summit Carbon Solutions to partner for biofuel

POET and Summit Carbon Solutions have announced a new partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project. This collaboration will capture the value of the biogenic CO2 from the bioethanol production process. The partnership expands the carbon opportunity across the Midwest by incorporating POET’s 12 facilities in

BPCL ties up 1 mn tonnes of LNG from Mozambique LNG project

State-run Bharat Petroleum Corporation (BPCL) has tied up a supply of 1 million tonnes (mt) of liquefied natural gas (LNG) from the upcoming $20-billion project in Mozambique, which is expected to commence operations by FY28. BPCL subsidiary Bharat PetroResources (BRPL) through its Netherlands-based step-down subsidiary BPRL Ventures Mozambique holds a 10 per cent participating interest

Japan to offer $20bn towards subsidies for hydrogen producers

According to reports, Japan will make a decision on which companies will be in receipt of subsidies from its massive ¥3trn ($20.3bn) fund for clean hydrogen supply by the end of 2024. Domestic producers and importers of low-carbon hydrogen are hoping for a slice of the government’s Contracts for Difference-style (CfD) subsidy programme, announced in

ReNew to invest for green hydrogen project in Kerala

ReNew, a Nasdaq-listed decarbonisation firm plans to invest an estimated  Rs 26,400 crore towards setting up a green hydrogen project in Kerala, with a production capacity of approximately 220 Kilo tonnes per annum (KTPA). The project will be developed near the Vizhinjam Port in Kerala to make the green hydrogen produced suitable for export. The

TFG Marine welcomes LNG dual-fueled bunker tanker

TFG Marine, an international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has christened the first liquefied natural gas (LNG) duel-fueled bunker tanker to join its fleet. The 5,000 dwt newbuild vessel, the MT Diligence, will join the company’s low sulphur fuel oil and biofuel supply operations in the major bunkering center

Clean energy growth gives ammonia and methanol export trades the green light

The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol. In a new Foresight article*, Maritime Strategies International predicts that the next 25 years are likely to see ammonia trade transformed with clean ammonia providing new demand for close to 400 very

CONCOR and Indian Oil sign MoU

In a significant event witnessed by dignitaries including Sanjay Swarup, CMD CONCOR, and Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a Non-Binding Memorandum of Understanding (MOU) was signed between Container Corporation of India Ltd (CONCOR) and Indian Oil Corporation Ltd (IOCL) on January 29, 2024, at CONCOR Bhawan, New Delhi. The purpose of

Seatrium delivers MOL’s LNG bunkering ship

Seatrium has delivered MOL’s LNG bunkering vessel which will serve Pavilion Energy and TotalEnergies in the Port of Singapore. The group, previously known as Sembcorp Marine and renamed as Seatrium following its merger with Keppel Offshore & Marine, announced the delivery of the Singapore-flagged vessel, Brassavola. Seatrium handed over what it says is Singapore’s first

ONE advances net-zero commitment with ammonia dual-fueled vessel

Ocean Network Express Pte. Ltd. (ONE) is proud to announce the award of Approval in Principle (AiP) for an Ammonia Dual-fueled vessel. Along with the investment in 12 methanol dual-fueled vessels, this marks another milestone for ONE on its journey towards net-zero by 2050. The newly AiP-awarded 3,500 TEU vessel was jointly developed by ONE,