New consortium to explore green corridor between South Africa and Europe

A new consortium will explore the options for developing a maritime green corridor for the zero-emission shipping of iron ore between South Africa and Europe, in a first for the continent of Africa. The consortium brings together Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE, convened by the Global Maritime Forum, to

ReNew Power looks to enter into development of African green hydrogen projects

ReNew Power Ltd is looking to foray into Africa by developing green hydrogen projects in Egypt, Morocco, and Oman. ReNew has announced several initiatives to expand its renewable energy business, including green hydrogen and energy storage. In April, it entered a joint venture agreement with state-run Indian Oil Corp. Ltd and engineering and construction major

ARDA says refining sector accounts for 3% of global energy emission

According to the African Refiners and Distributors Association (ARDA) the refining sector only accounts for 3% of the global energy sector emission. This was revealed at the second Refining and Specifications Virtual Workshop organised by the ARDA and monitored by Investors King. According to them, as the fuel combustion accounts for 80% of refinery carbon

EU plans to cut energy dependence on Russian gas drastically

The European Commission has outlined a new energy roadmap designed to cut reliance on Russian gas by two-third in just a year, BBC reported. The plan envisages ending reliance on all Russian fossil fuels “well before” 2030. In the short term, gas should be sourced from the US and Africa while some countries may need

Europe looks to Africa to fill the gas gap arisen due to Ukraine war

Russia’s invasion of Ukraine is forcing Europe to diversify its energy supply. “Germany and Europe must now quickly make up for what they have missed over the last twenty years,” Stefan Liebing, chairperson of the Africa Association of German Business, said in a press release. He advises Germany’s Economics Minister Robert Habeck to travel to

Developing an Understanding of the Role of Hydrogen in Africa

As the African continent looks towards cleaner sources of fuel in a bid to address climate change, hydrogen has emerged as both a viable and critical resource. With renewable energy resources widely available across the continent, Africa has the potential to establish strong hydrogen markets, driving socio-economic growth and alleviating energy poverty. With hydrogen expanding

Europe, Africa Bunker Fuel Availability Outlook

Bunker fuel oils are tight for prompt dates with several suppliers in Rotterdam, while ships face bunkering delays from weather suspensions in Malta and Algoa Bay. Longer lead times should be considered for HSFO380 stems in Rotterdam after supply tightened last week. Prompt product is more difficult to source, especially for larger quantities. Backwardation in