Global Shipyards Launch Alliance to Accelerate Maritime Sustainability

Drydocks World has joined forces with four other leading shipyards across Europe and Asia to establish the Global Green Shipyard Alliance (GGSA), a new coalition focused on promoting clean technologies and environmental, social, and governance (ESG) standards in the maritime sector. The alliance brings together Drydocks World (UAE), Astilleros Shipyard Group (Spain), BREDO Dry Docks

MHI inks MoU with TNB Genco on clean energy technologies

Under the MoU, MHI with support from its power solutions brand, Mitsubishi Power, and TNB Genco will conduct studies that examine three key areas related to clean power generation

Emission mitigation technologies key for energy transition

Emission mitigation technologies will play a key role in reducing the environmental impact of oil & gas operations as the industry’s energy transition takes place. Methods and alternatives such as biofuels, carbon capture, electric vehicles, and hydrogen, will be adopted by oil & gas companies to mitigate their net emissions. Biofuels (or ‘renewable fuels’) are

Canada announces investment tax credits for green technologies

The recently released 2022 Fall Economic Statement introduces investment tax credits (ITC) for clean technologies and clean hydrogen that will help spur the transition to net-zero energy and make Canada more competitive with the United States. “Following the adoption of the Inflation Reduction Act in the United States, the need for a competitive clan technology

EU to pump in $1.8bn investment in energy transition projects

The EU announced €1.8bn ($1.8bn) of funding for 17 large-scale renewable energy and decarbonization projects. The projects include hydrogen, renewable power generation and advanced biofuels projects. Collectively, the projects could save 136mn t/CO2 equivalent over their initial decade of operations. Successful applicants include three hydrogen projects, two of which could produce around 70,000 t/yr combined,