Towngas, Global Energy agree to develop green methanol marine fuel supply chain

The Hong Kong and China Gas Company Limited (Towngas) and Global Energy Trading Pte Ltd (Global Energy) in Singapore have signed a memorandum of understanding (MOU) to jointly advance the supply and distribution of green methanol as a marine fuel for the shipping industry.  This strategic collaboration between Towngas and Global Energy integrates production and

Dual-Fuel methanol design receives ABS approval

ABS issued approval in principle (AIP) to Yantai CIMC Raffles Offshore Ltd. for its design of a dual-fuel methanol, heavy-duty, offshore wind turbine installation vessel (WTIV). The WTIV is capable of transporting and installing the largest wind turbines in the world, those capable of producing 16 to 20 megawatts of electricity, and promises to reduce

Shipping is the vehicle for the clean energy transition

The ABS Chairman, President and CEO underscored the pivotal role of shipping in driving the global clean energy transition in a series of appearances at the energy industry conference CERAWeek. Christopher J. Wiernicki told the annual gathering of ministers and CEOs from global energy and utilities, as well as automotive, manufacturing, policy and financial communities,

It’s high time to rev up renewable energy sources

Wind and solar are the renewable sources of energy, which emit very tiny or no greenhouse gases. They are readily available and much cheaper than coal, oil and gas. Indeed, the fossil fuels like coal, oil and gas are the worst contributors to global climate change. Theay account for over 75 percent of global greenhouse

Sugar Prices Soar as Energy Crisis Boosts Ethanol Output

The global energy crunch is putting pressure on the sugar market as the world’s top exporters convert more cane into ethanol. Sugar hit a four-year high in October as energy supply shortages roiled commodity markets from magnesium to tomatoes. Facing rampant fuel inflation, Brazil and India are set to produce more ethanol from sugar cane,