LNG-fueled ships risk losses of $850bn by 2030

The world’s rapidly growing fleet of ships that can run on liquefied natural gas (LNG) are at risk of financial losses of $850bn by 2030, according to a new study by UCL Energy Institute researchers. The study, released at the Marine Money conference during New York Climate Week, found that, if policies that incentivise shipping

Cambridge University researchers develop artificial leaf to turn carbon dioxide into fuel

A team of researchers at Cambridge University developed an artificial leaf that can float on water and absorb sunlight and carbon dioxide from air and turn the water into fuel like hydrogen and syngas. The researchers tested their 100-square-centimetre artificial-leaf device outdoors on a river. The device, depending on the catalyst used, either splits water

HAV Hydrogen to launch containerised hydrogen system for ships

HAV Hydrogen, part of Norway’s HAV Group, is set to launch a deck-based containerised hydrogen energy system for ships. The solution is described as a stand-alone, scalable power supply where all support and safety systems as well as electrical power management are included. Based on 200kW hydrogen fuel cell modules, the system can be set

Essar agrees to supply 60 million litre fuel to D A Roberts

Essar Oil UK Ltd said it has signed a five-year deal to supply 60 million litres of fuel to D A Roberts which runs bunks to sell fuel. The deal will see D.A Roberts’ Grindley Brook garage in Whitchurch, Shropshire, rebranded as an Essar outlet, enabling the business to buy fuel directly from its manufacturing

Triton EV to introduce hydrogen fuel two-wheelers

Triton Electric Vehicle, an American vehicle manufacturer, is all set to launch its first model in India. The company has announced that it will soon launch two wheelers and three wheelers powered by hydrogen fuel. The EV maker will manufacture these models in India. However, the company has not yet announced the official launch date.

Horizon Power signs an MoU with FutureEnergy Australia for renewable fuel

FutureEnergy Australia, an incorporated joint venture between WA based Carnarvon Energy and Frontier Impact Group, was formed to build and operate renewable fuel biorefineries in regional Western Australia. As per the agreement, a clear path forward for the two organizations to explore opportunities for the development and production of renewable diesel in Western Australia. Developing

Indian Govt imposes windfall tax on domestic crude

The union government imposed a windfall tax on crude oil produced locally. The government also levied additional excise duty on exports of petrol, diesel and aviation turbine fuel (ATF) to temper domestic fuel retail prices and ensure availability. While a cess of $295.05 (₹23,250) per tonne has been imposed on crude oil, a special excise

Researchers working on converting plastic waste into clean hydrogen fuel

Academics from the Universities of Oxford and Cardiff are working alongside CarbonMeta Technologies to turn plastic waste into clean hydrogen fuel and high-value carbon nanomaterials. Transforming one tonne of plastic using the microwave machines can take on average two hours, with the material reaching up to 600 degrees. The firm is currently in discussion with

LPG carrier Crystal Oasis delivered

Kawasaki Heavy Industries delivered the 84,000 cubic metre (cbm) capacity liquefied petroleum gas (LPG) carrier Crystal Oasis.The vessel is the 67th LPG carrier built by the company, and the fourth 84,000 cbm capacity LPG carrier adopting a dual-fuel main engine. The very large LPG carrier is powered by LPG, which reduces greenhouse gas emissions and

The first renewable fuel feedstock shipment received by WGT

Willow Glen Terminal LLC (WGT), in St. Gabriel, Louisiana, announced receipt of its inaugural product shipment. WGT has entered into an agreement to supply renewable fuel feedstock to a leading renewable diesel producer in Norco, Louisiana. As per the deal, WGT will serve as a logistics hub, providing marine and truck transloading services as well