Brunvoll invests 100 MNOK in production technology

Brunvoll’s strategy for production in Norway was established as early as the 1990s, with the forward-thinking Brunvoll family at the forefront. This has led to continuous and significant investments in enhancing the factories’ competitiveness and raising internal expertise to meet our customers’ high demands and expectations. “We are convinced that having a fully integrated value

ClassNK issues approval in principle for MOL’s FSRU

ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsubishi Shipbuilding Co., Ltd.  Ammonia, which does not emit CO2 during combustion, is projected to be widely used as a source of clean energy for decarbonization, while the

ACWA Power to develop $4 bn green hydrogen project

The project will have a capacity of 600,000 tonnes per year of green ammonia, with an investment of more than $4 billion. AWCA investor and operator of power generation, water desalination and green hydrogen plants worldwide, The agreement was signed between ACWA Power and The Sovereign Fund of Egypt (TSFE), the Suez Canal Economic Zone

CCS, Accelleron partner to develop green fuels

China Classification Society (CCS) has signed a strategic cooperation agreement with Swiss turbocharger producer Accelleron to work on the development of green fuels and upgrade of ammonia and methanol engines for ships. As informed, the cooperation agreement was signed during this year’s Marintec in China. CSSC Power (Group) Corporation also joined the partnership. Under the

Billerud keeps leading position in sustainability index for 2023

Billerud – including Billerud North America – retains its position as one of the world’s most sustainable companies in its industry sector. This year’s results from the globally recognized Dow Jones Sustainability Indices show that Billerud continues to be one of the leading companies in the Containers & Packaging category. The Dow Jones Sustainability Indices

Angola leaving OPEC

Angola is leaving the Organization of the Petroleum Exporting Countries because membership is not serving its interests, oil minister Diamantino Azevedo said. Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day, compared with 28 million barrels per day for the whole group. Confirming an earlier report by local news

Rolls-Royce starts hydrogen research tests

British engine maker Rolls-Royce announced it has started a new set of ground-breaking hydrogen research tests. Both Rolls-Royce and its partner easyJet are committed to being at the forefront of the development of hydrogen combustion engine technology capable of powering a range of aircraft, including those in the narrowbody market segment, from the mid-2030s onwards.

Climate financing needs to be stepped up: NITI Aayog

Climate financing needs to be stepped up via a number of reforms for the global push for sustainable growth to be fruitful. These reforms include that of multilateral institutions, debt management strategies and regulation of credit rating agencies, the NITI Aayog said. “Financial safety nets need strengthening, bilateral swap lines need to be expanded, and

Biofuels comeback will give West a rare energy win

A global drive to replace combustion engines with electric cars has threatened to undermine biofuels. In 2024, planes and ships will open a new avenue for propellants made from food and plant waste. That could offer a lifeline to fossil-fuel majors such as BP (BP.L), TotalEnergies (TTEF.PA) and Eni (ENI.MI) – and benefit the West.

Sumitomo Chemical constructs plant for converting CO2 to methanol

Sumitomo Chemical, based in Tokyo, Japan, has successfully finalized the construction of a pilot facility designed to establish a highly efficient process for producing methanol from carbon dioxide (CO2). The facility, situated at the Ehime Works in Niihama City, Ehime Prefecture, Japan, has now initiated its operational phase. Sumitomo Chemical’s strategic objectives involve completing the