How governments are tempting corporates with CCS

Companies around the globe are increasingly looking to deploy carbon capture and storage technology. They’re acknowledging the huge potential of CCS in strengthening corporate sustainability efforts and decarbonising the global economy and we’re already seeing a steady rise of such projects worldwide. As of 2021, all operating CCS facilities that were operational or in construction

India’s technology path key to global steel decarbonisation

The global steel industry is poised to shift from coal to hydrogen. With enough high-quality iron ore and low prices for hydrogen, India could play a pivotal role in global steel decarbonisation given its large and growing economy. Recent announcements by global steel companies in India highlight how important the nation’s steel technology path will

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

Wartsila solutions open route to decarbonisation for Poland’s first LNG-fuelled RoPax vessels

The technology group Wärtsilä has been contracted by Remontowa shipyard in Poland to supply engines, fuel storage and supply systems for three new RoPax vessels, the first LNG-fuelled RoPax vessels to be built for the Polish maritime sector. The ships will be operated by ferry companies Unity Line and Polferries. The contract with Wärtsilä was

Liner shipping is first sector to charter the course towards major energy transition

A successful and efficient transition to green energy requires an expanded IMO GHG Strategy. Container shipping and car carriers have joined forces in the World Shipping Council to call on the International Maritime Organization for swift and concrete regulation to accelerate the industry’s decarbonisation. 10 February 2022 Today, for the first time, an entire shipping

Mærsk  teams up to advise in defining  decarbonisation roadmap and strategy

To accelerate the maritime decarbonisation journey, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) is teaming up with Maersk Broker Advisory Services and McKinsey & Company to offer data-based advisory services on decarbonisation pathways. The service called ‘Fleet Decarbonisation Optimizer’ combines deep industry knowledge and techno- economic analytical capabilities across the three

[WEBINAR]Decarbonising Shipping: Issues and Challenges

COP26 Climate Summit held at Glasgow in November 2021 has brought the focus back on to environment and climate change issues in the world. Several countries have pledged to take steps to cut down the carbon emissions and tread on the path towards green transition with set targets for NetZero emissions. In the series of

Advanced atomic to power affordable production of green ammonia for shipping

Core Power, a leader in advanced nuclear energy technology for ocean transportation and heavy industry released a special report on the mass-production of zero-carbon fuels for shipping, using advanced nuclear technologies offshore. The production of green ammonia is a key component of the decarbonisation plans for international shipping. While the largest 17,000 ships are unlikely

Australia must shift from fossil fuels or risk more than 100,000 jobs

A failure to engage with the global shift towards decarbonisation is putting thousands of jobs in regional Queensland and Western Australia at risk, as global demand for coal and gas plummets. New research published by the Centre for Policy Development (CPD) estimates that between 100,000 and 300,000 Australian jobs in emissions-intensive industries – and mostly

Budget 2022 must focus on India’s new energy transition

India imports 80 percent of crude oil, and 54 percent of LNG representing ~38 percent of India’s energy consumption. For every 10 percent increase in crude oil price, there is an impact on India’s current account deficit by $10 billion, or negative 0.4 percent of GDP. Crude oil prices have increased by nearly 28 percent