Inditex partners with Maersk to reduce its maritime emissions

Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with the freight group Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating alternative fuels in all its inbound routes with the carrier. Through the ECO Delivery Ocean programme, Maersk replaces fossil fuels on its ships

India, Saudi Arabia sign hydrogen agreement

India and Saudi Arabia have agreed to jointly develop electrical interconnections and low-carbon hydrogen. The Indian government said the two sides aim to establish a general framework for cooperation in the field of co-production of green/clean hydrogen and renewable energy. The MoU was signed in Riyadh, Saudi Arabia by union minister for power and new

Neste develops marine fuel to lower emissions

A Finnish company has launched the “Marine 0.1 Co-Processed” which is a marine fuel – a substitute for the conventional fuel used in the shipping industry. According to Neste, the company, the new alternate fuel reduces GHG (GreenHouse Gas) by 80% throughout its lifecycle compared to the standard fuel used. Marine 0.1 Co-Processed was initially

Volvo Cars shifts to renewable fuels for shipping its vehicles

Volvo Cars said that it transports tens of thousands of containers of production material each year and that the switch would achieve an immediate reduction in fossil CO2 emissions from intercontinental ocean freight by 55,000 tonnes over a year.

CoolCo buying two LNG carriers newbuilds

LNG shipowner Cool Company (CoolCo) has exercised its option to acquire two newbuild LNG carriers from affiliates of EPS Ventures. CoolCo said that the Mega LNG carriers were scheduled to be delivered from Hyundai Samho Heavy Industries (HHI) in September and December of 2024. The two newbuilds have a cargo capacity of 174,000 cbm, a

Uber to introduce greener choices to become carbon neutral

Uber is adding a new feature to Eats that will allow customers to search for restaurants that offer sustainable packaging. That will only be available in London, Paris, Amsterdam, New York City, San Francisco, and Taipei to start out.

EU prohibits vessels attempt to circumvent sanctions

The European Union proposed prohibiting access to its ports for vessels that attempt to circumvent sanctions on Russian oil as it seeks to deter transport of its crude and products below the price caps set by the Group of Seven nations. The measure is part of a broader package of sanctions on Russia following the

FID is less than 10% for hydrogen project proposals

As many as 680 large-scale hydrogen project proposals have been proposed globally, with an estimated $240 billion in direct investment through 2030. However, only about 10% of those projects, or $22 billion, have reached a final investment decision. According to Daria Nochevnik, director for policy and partnerships with Hydrogen Council, a global, CEO-led hydrogen initiative,

MG Motor launches Comet EV in India

British car manufacturer MG Motor India unveiled its smart electric vehicle – Comet EV, at a starting price of Rs 7,98,000, which offers a certified battery range of around 230 km on a single charge. According to the company, the new Comet EV has been evaluated to provide an encouraging and economical charging cost of

Fortescue to invest in hydrogen startup TES

Australian mining company Fortescue Metals Group is investing €130m ($129m) in Belgian-based hydrogen startup Tree Energy Solutions (TES), a company that is developing a green energy hub in the German port of Wilhelmshaven. Under the agreement, Fortescue’s green energy division, Fortescue Future Industries (FFI), will invest €30m to become a shareholder in Tree Energy Solutions