First methanol dual-fuel bulk carrier launched by Tsuneishi

The first dual-fuel bulk carrier with a capacity of 65,700 metric tons of methanol was launched by Tsuneishi Shipbuilding Co., Ltd. The ship is expected to be delivered in the spring of 2025 and is built to run on methanol fuel with minimal environmental impact, according to the business. In comparison to heavy oil, the

Jakson runs a pilot project for the conversion of CO2 to methanol

As part of a pilot project funded by power giant NTPC, energy transition business Jakson Green in India used a synthesis process to create methanol from CO2. “Jakson Green has achieved a global first. Jakson Green has successfully synthesized methanol from captured carbon dioxide at NTPC’s Vindhyachal Thermal Power Plant,” the firm said. The pilot

EU bioethanol refineries produced more food than fuel

EU ethanol biorefineries produced more food and animal feed than fuel in 2023, according to audited data  by ePURE, the European renewable ethanol association. ePURE members – representing 85% of EU installed capacity – and other European producers of renewable ethanol produced 6.5 million tonnes of food and feed co-products including high-protein animal feed and

BIMCO to create first CO2 time charter party

BIMCO has started work on developing a new time charter party specifically designed for the maritime transportation of carbon dioxide (CO2). This ‘industry first’ will be particularly relevant for the emerging carbon capture and storage (CCS) market, which is part of global efforts to combat climate change. Christian Hoppe, General Counsel highlights that the target

FuelEU Pooling could accelerate biofuel adoption

The FuelEU pooling mechanism introduces a new economic incentive to accelerate adoption of biofuels, according to OceanScore. The company has identified tangible savings on the cost of compliance with FuelEU Maritime that can be made through burning biofuels to generate surpluses for vessel pooling. This enables companies to capture financial gains from overcompliance with carbon

Centre working on a national mission to promote CCUS: NITI Aayog member

The Centre is working on a national mission that will provide financial incentives to promote carbon capture, utilization and storage (CCUS) to help the country achieve its ambitious net-zero goals. The Union power ministry, NITI Aayog and the office of the principal scientific adviser to the Prime Minister’s Office (PMO) are working on the mission,

Roadmap for decarbonisation of steel will be put for public consultation

India’s steel sector accounts for about 12% of total greenhouse gas emissions, with an emission intensity of 2.55 tonnes of CO2 per tonne of crude steel compared to a global average of 1.9 tonne The ministry of steel has prepared a roadmap on decarbonisation of steel, which will be put up for public consultation shortly,

Methanex Corporation and Entropy Inc. partner to reduce emissions

Methanex Corporation and Entropy Inc. have entered into an agreement to invest in a Preliminary Front-End Engineering and Design study for carbon capture, utilization and sequestration deployment at Methanex’s Medicine Hat, Alberta facility. This collaboration will leverage Entropy’s proprietary modular post-combustion carbon capture technology and Methanex’s manufacturing expertise to utilize a portion of the captured

Tata Steel launches carbon bank to transform CO2

Private steel major Tata Steel recently launched a carbon bank, a virtual repository through which carbon dioxide will become a value-creating asset for future usage. CO2 is widely recognized as a harmful substance emitted due to the use of various fossil fuels in industry and transportation. The steel industry, in particular, often relies on coal

Suzuki trials sustainable marine fuel

SUZUKI Motor Corporation’s subsidiary in the US, Suzuki Marine USA, will participate in a project aimed at promoting the widespread use of sustainable fuel for recreational boating. This project is an initiative by the National Marine Manufacturers Association (hereinafter NMMA) to promote the adoption of sustainable fuels as part of their efforts to decarbonise recreational