Credits for energy transition metals enhances decarbonization in mining

The Ukraine conflict has focused politicians’ minds on the need to reduce reliance on Russian hydrocarbon supply and ensure greater energy security. This goes hand-in-hand with an acceleration of the build-out of renewables and electrification of transport – both of which call for ready availability of energy transition metals. But producers are finding themselves in

Wartsila presents various options for energy’s decarbonised future

The technology group Wärtsilä has published an important paper on the role of sustainable fuels in the energy sector’s transition towards decarbonised power generation. Future carbon-neutral fuels and the use of flexible engine power plants capable of utilising such fuels, will be central to this transition. Along with the growing need to decarbonise engine power

Central bank in India warns banks to monitor cos with direct fossil fuel links

According to an RBI report, while banks have relatively small exposure to companies that have direct links to fossil fuels, there are hidden risks in the form of companies that have indirect exposure. The RBI has said that lenders need to be alert of industries that are subject to green transition risks as countries across

MAN invests in hydrogen production

Over the next few years, MAN Energy Solutions will invest up to 500 million euro in its subsidiary H-TEC SYSTEMS to transform the hydrogen specialist into a mass-producer of PEM electrolyzers as quickly as possible. “Our plan is clear,” explained Uwe Lauber, CEO of MAN Energy Solutions. “We are transforming H-TEC SYSTEMS into one of

Maersk investing hugely on greener fuel

The Russian invasion of Ukraine is causing major disruptions for the industry, with many vessels stuck in ports and freight costs rocketing higher. In the wake of sanctions, shipping giant, Maersk has temporarily suspended its container shipping to and from Russia (except for food, medical and humanitarian supplies). These vessels criss-crossing multiple trade routes around

Bridging the gap between big tech’s net zero aspirations and reality

The pressure is mounting on businesses to slash their carbon footprint, driving a flurry of net zero commitments. However, some firms are still lacking the fundamentals necessary to hit their ambitious climate goals and the confident vision is not translating to reality on the ground. Technology companies are no exception. A bank of research and

Wartsila, Solstad Offshore collaborate on fleet decarbonisation ambitions

In its efforts to reduce the carbon footprint of its 90 vessel fleet, Solstad Offshore has turned to the technology company Wartsila for collaboration. The aim is to achieve a 50 percent reduction in CO2 emissions by 2030. Partnership is seen as being key to finding the right solutions. The agreement aims to identify, evaluate,

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

GoI announces step one of National Hydrogen mission

The Ministry of Power on February 17 notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia, aimed to boost production of hydrogen and ammonia using renewable energy. The ministry has waived the power transmission charges for 25 years for these units, allowed them to buy renewable power from