ABS and Pusan National University Chart a Course for Liquid Hydrogen Shipping

The American Bureau of Shipping (ABS) has entered into a Memorandum of Understanding (MoU) with South Korea’s Pusan National University Hydrogen Ship Technology Center to jointly pursue advancements in liquid hydrogen carriers and cryogenic ship systems. The collaboration brings together ABS’s global classification expertise with the center’s specialised knowledge in hydrogen technologies, aiming to overcome

Wood to Oversee Project Management for UAE’s First Methanol Facility

Engineering and consulting company Wood has been selected by TA’ZIZ to provide project management consultancy (PMC) services for the development of the United Arab Emirates’ inaugural methanol production plant in Al Ruwais Industrial City, Abu Dhabi. Slated for completion by 2028, the facility is expected to become one of the world’s largest methanol plants, with

AD Ports Group and Advario Sign Agreement to Explore Joint Venture for Clean Energy and Bulk Chemical Storage

Abu Dhabi-based AD Ports Group has signed a Head of Terms Agreement with international tank storage specialist Advario, setting the stage for a potential joint venture focused on developing and operating clean energy and liquid bulk storage infrastructure in the UAE and beyond. The proposed partnership, in which AD Ports Group would hold a 51%

Infra, investment shortages jeopardize EU’s decarbonization goal: Report

According to the Draghi study on the future of European competitiveness, the shipping industry is one of the most challenging sectors to decarbonize, while easy access to sustainable marine fuels is a major priority. According to estimates, shipping will need investment of over €40 billion a year between 2031 and 2050 in order to meet

South Korea launches $680m green fuel infrastructure fund

South Korea is launching a green marine fuel infrastructure fund to support the development of environmentally friendly fuel facilities and bunkering vessels. The fund, co-established by the Ministry of Oceans and Fisheries and the Korea Ocean Business Corporation (KOBC), will invest a total of Won1trn ($680m) by 2030. Of the total, Won600bn will be allocated

Be8 will produce a new biofuel to decarbonize faster.

Be8 declares that Be8 BeVant will begin manufacturing in the upcoming month. With its revolutionary bio-distilled methyl ester biofuel, Be8 BeVant, fossil diesel can be completely replaced while lowering greenhouse gas emissions by as much as 50%. All the company needs to begin operations is a license from the National Agency of Petroleum, Natural Gas,

ELIRE Infra’s floating infrastructure to accelerate netzero goals

ELIRE Infra, a revolutionary innovation company, operating at the intersection of infrastructure, mobility and clean energy, has announced today, its pioneering ‘Smart Hubs’ – modular, multi-purpose and scalable infrastructure solutions, designed to accelerate decarbonisation across ports, harbours, waterways, and the industries they support. ELIRE Infra’s Smart Hubs address critical infrastructure challenges by offering a sustainable,

Hamburg starts building hydrogen infrastructure

Construction of the hydrogen industry network HH-WIN and the Hamburg Green Hydrogen Hub (HGHH) is underway after Robert Habeck, Germany’s Minister for Economics, handed over funding decisions on Important Projects of Common European Interest (IPCEI) worth over EUR 250 million. Both the network and the hub are being built on the site of the former

Sustainable fuel shift hindered by high costs and weak infrastructure: Survey

A recent survey by global law firm Reed Smith reveals that the high cost of sustainable energy and inadequate supply chain infrastructure are seen as the primary obstacles to transitioning to sustainable fuel sources. Insights were gathered from over 50 respondents across various sectors, including aviation, shipping, logistics, manufacturing, utilities, and environmental services. The study

Shell kicks off sale process of Sprng Energy

Global energy major Shell Plc has kicked off the sale process for its Indian renewable energy unit Sprng Energy and has started reaching out to prospective buyers for the portfolio, which could fetch an enterprise value of $1.6-1.8 billion, two sources aware of the development told Moneycontrol. Shell acquired the Sprng Energy platform from infrastructure