Volvo Penta provides power solution for retrofit electric CTV

Gothenburg-based Volvo Penta will provide the power solution for the world’s first retrofitted electric crew transfer vessel (E-CTV). Volvo Penta will power an existing vessel in one of just 10 projects awarded UK government funding as part of an industry-led transition to net zero. For the project, the company will supply a fully electric propulsion

Shipowners welcome 40% production benchmark

European shipowners welcomed the inclusion of clean fuels for shipping, including advanced biofuels and e-fuels, in the list of net-zero technologies adopted yesterday at the European Parliament under the Net-Zero Industry Act.    The new law introduces a benchmark for the European Commission and EU member states to match 40% of the deployment needs for clean

SEB adds shipping to 2030 net zero target

Swedish bank SEB has set a net zero-aligned 2030 target for the shipping sector in line with its commitment to the Net Zero Banking Alliance. The Net Zero Banking Alliance is a group of global banks committed to financing climate action to transition the real economy to net zero greenhouse gas emissions by 2050 and

Electric vessels leading Singapore’s decarbonization journey

The Maritime and Port Authority of Singapore (MPA) recently commenced the country’s first pilot trial for an electric harbor craft charging point. Alongside other recent advances in maritime electrification, it marks another important step toward the city-state’s target of net zero emissions by 2050. Located at Marina South Pier, the new charging point features a

Marriott International commits to achieve netzero by 2050

Marriott International has announced that its near and long-term science-based emissions reduction targets have been verified by the Science Based Targets initiative (SBTi), committing the company to achieving net-zero emissions across the value chain by 2050. The target boundary will include emissions removal from bioenergy feedstocks. The global hospitality company is aiming to reduce absolute

Maersk hopes customers will help it hit net zero by 2040

Danish shipping giant Maersk in February became the first company in its industry to commit to achieve net-zero status by 2040, validated by the Science Based Targets initiative. It’s a massive, ambitious and logistically complex project: The marine shipping sector uses an estimated 300 million tons of fuel annually, making it responsible for approximately 3

ASM unveils its climate transition plan for reaching netzero

ASM International N.V. announces the launch of its Climate Transition Plan aimed at detailing its sustainability efforts with a path to reach its net-zero emissions target by 2035. ASM’s plan outlines a strategic pathway to decarbonize its operations, products, and supply chain, playing a leading role in transitioning the semiconductor industry towards an environmentally sustainable

Europe’s gas use to surge despite netzero promises

Europe plans to build enough new gas power stations to supply 60 million homes despite a target of decarbonising electricity grids by the middle of the 2030s. About 72 gigawatts-worth of new gas-fired power stations are planned across the Continent, according to a report from pressure group Beyond Fossil Fuels. Gas power capacity across the

Alfa Laval sustainable solutions support IMO’s netzero ambitions

There is an increasing focus within Alfa Laval to support customers towards the energy transition to meet the IMO’s recommendations for reducing GHG & CO2 by 2030 and to achieve net zero target by 2050. By innovations supporting alternative fuels like biofuels, methanol & ammonia and new technologies like air lubrication, wind propulsion & carbon

IATA updates netzero carbon emissions 2050 progress

IATA’s update on the path to net zero emissions presents some encouraging progress, particularly in developing the SAF supply chain. Global aviation community focused on SAF development for net zero emissions by 2050.  Major players like Neste and IAG making significant strides in SAF supply chain. New technologies like hydrogen fuel cells and ethanol production