Fortescue expects renewables to play major role

Fortescue, one of the five largest iron producers in the world, expects renewables to play a very big part of our overall earnings in the future. Speaking at the World Economic Forum in Switzerland, former Fortescue chief executive officer Elizabeth Gaines said the company would continue building its iron ore business, but the scale of

Leading companies from EU ask for future fuels’ clarity

Leading companies from across Europe’s fuel production chain have joined with NGOs to press the European Union’s legislators to provide the clarity and certainty they need to make long term investments in the renewable fuels required for the clean energy transition. In a letter to the EU Council, Parliament and Commission, 47 entities, representing the

Can green hydrogen offer cost competitive replacement?

Fossil fuels consumption for energy has been significantly increasing over the last fifty years across the world. In spite of the recent escalating gas and oil prices due to Russia-Ukraine conflict, the demand for these fuels is not dying down. However, keeping in mind the evil effects of the fossil fuels on the climate conditions,

Wärtsilä continues to speed energy transition with biogas upgrading and liquefaction solution

The technology group Wärtsilä will supply a biogas upgrading and liquefaction solution for a new biogas plant in Sweden. The plant will be used to reduce carbon emissions from transport, and to speed the transition to cleaner energy. The order was placed by the energy company St1 and will be located at the Borås Energi

CMA CGM forms $1.5 bn fund for decarbonization

The CMA CGM Group is creating a “Special Fund for Energies,” backed by a five-year, $1.5 billion commitment designed to accelerate its energy transition and achieve net zero by 2050. The mission of the fund is both to invest in projects to secure the supply of renewable energies for all the group’s businesses and to

Reliance’s Mukesh Ambani expects its green energy to emerge as growth engine

Reliance Industries chairman Mukesh Ambani expects RIL’s green energy segment to emerge as the major growth engine for the conglomerate, which could potentially help India have the world’s most affordable green energy within this decade. In his message to the shareholders in the company’s annual report for 2021-22, Mukesh Ambani RIL has entered into a

James Fisher, NMDC Group to work together on energy transition projects

James Fisher and Sons plc and Abu Dhabi’s NMDC Group have signed an MoU to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind and marine civil construction industries worldwide. The collaboration will enable James Fisher and NMDC to expand their capabilities jointly in offshore wind,

‘Methanol is already widely available globally in key ports’

Mr Chris Chatterton, Chief Operating Officer (COO), the Methanol Institute (MI), shared his views with Future Fuels in an exclusive interview on the solutions offered to the shipping industry, with a focus on methanol as an option. What are the milestones achieved by Methanol Institute towards decorbonisation so far? MI actively participated and supported the

Fossil fuel vehicles production and import to be restricted in Vietnam from 2040

Vietnam will begin imposing restrictions on the import and manufacture of vehicles that run on fossil fuels from 2040. The Vietnam government’s energy transition programme outlined targets for the reduction of carbon and methane emissions from the transport sector, aimed at making it a zero-emissions industry by 2050. This programme dictates that all road vehicles

Decarbonization and energy transition: how does the utility sector change?

After the COP-26 climate summit held at Glasgow in UK, climate change has become an important subject for several industries to rethink of the emission standards implemented their operations or processes. The power, utilities and renewables (PU&R) sector is one among which has a substantial role to play in the transition to clean energy. Decarbonisation