Indian oil refiners are snapping up cheap Russian crude

Indian refiners are loading up on Russian oil as prices of the nation’s crude plunge to unprecedented lows. Processors from the world’s fastest-growing importer bought about 6 million barrels of Urals crude from the Black Sea port of Novorossiysk in recent days, traders said. That’s the most India has purchased in at least three years,

High-powered marine fuel cell concept wins AiP

ABB and Ballard have received an approval in principle (AiP) for a high-power fuel cell concept designed for marine applications. The companies said the AiP from DNV is a major milestone in developing new technology, since it is an independent assessment of the concept and confirms that the design is feasible and no significant obstacles

Methanol Reactor for HIF eFuels Project Starts Cross-Atlantic Journey

MAN Energy Solutions has completed the construction of the methanol-synthesis unit for a pilot plant in southern Chile to produce synthetic fuels known as eFuels. The methanol-synthesis unit uses Johnson Matthey proprietary CO2 to methanol technology. After commissioning, scheduled for fall 2022, the plant will produce up to 750 metric tons per year of green

India must act on mining and exploration of critical minerals for green technologies

The COP26 meeting held in Glasgow on climate change issues discussed accelerating action and strategies toward achieving objectives outlined in the Paris Agreement. Consequently, India has committed to increasing its non-fossil fuel energy capacity to 500 GW by 2030, reducing the economy’s carbon intensity to less than 45% in 2030 compared to 2005 levels, and

Shipping industry faces higher costs as marine fuel rises 23% this year

The shipping industry is starting to feel the full force of surging diesel and petrol costs. Ship fuel can be made from some of the same ingredients that refiners can also put into diesel and petrol. But soaring margins of the latter two fuels are making their production more attractive, resulting in tighter supplies for

IOC Chairman seeks budgetary support for refiners for using green hydrogen

With oil refineries expected to be the largest consumers of green hydrogen, Indian Oil Chairman Shrikant Madhav Vaidya on Monday said that a budgetary support for the refining sector will help achieve the net zero target. Speaking at the post budget interaction of the Maharashtra industry with the Union Finance Minister Nirmala Sitharaman here, Vaidya

Decarbonizing marine shipping: Clean fuels for a greener future?

Ship fuels manufactured using renewable electricity, and made purely from water and the gases found in the atmosphere, are being proposed as the solution to decarbonizing marine shipping. Net-zero by 2050 Countries around the world, including Canada, are adopting greenhouse gas (GHG) emissions targets of zero emissions by 2050. The global marine shipping industry is

MAN Energy Solutions signs cooperation agreement with Hyundai

MAN Energy Solutions has signed a cooperation agreement with Hyundai Global Services (HGS) – after-sales division of shipbuilder and engine maker, Hyundai Heavy Industries Co.- Ltd. (HHI) – to deliver its Overridable Power Limitation (OPL) solution to MAN B&W-branded low-speed engines manufactured by HHI’s Engine & Machinery Division, HHI-EMD. Effective immediately, the agreement is set

Cosco and DSIC float methanol-fuelled VLCC design

China’s Cosco Shipping Energy Transportation (CSET), the tanker operation unit of Cosco Shipping Group, and Dalian Shipbuilding Industry Co (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), have developed a methanol-fuelled very large crude carrier (VLCC). The vessel’s conceptual design is based on the latest generation of 310,000 dwt VLCCs designed and built by

US refiners seek alternatives to Russian oil amid tensions

Some U.S. producers of gasoline that have relied on imports of Russian oil are looking for alternative supplies amid heightened tensions in Eastern Europe. At least two major Gulf Coast refiners are seeking to diversify their purchases of fuel oil that can be used as a feedstock to produce gasoline and diesel, according to people