Petrobras signed a Memorandum of Understanding (MoU) with Danish company European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil. Petrobras said that e-methanol is a low-carbon substance that can be used in various industrial processes and as a fuel, especially for maritime transport. It is produced from various renewable sources
Allied Market Research reported that the global methanol market is anticipated to generate $54.6 billion by 2030. The report stated that the industry was valued at $35.3 billion in 2021 and is expected to expand at a CAGR of 5.06% during the forecast period of 2022 to 2030. The report states that the Asia-Pacific region
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and subsidiary of China Merchants Heavy Industry (CMHI), has ordered a MAN B&W 7G80ME-LGIM (-Liquefied Gas Injection Methanol) main engine in connection with the construction of a VLCC (Very Large Crude Carrier), which stands for first order for dual fuel methanol for this type of ship.
Garden Reach Shipbuilders and Engineers (GRSE) Limited has signed a MoU with Shift Clean Energy (Shift), Seatech Solutions International (Seatech) and the American Bureau of Shipping to develop Electric Tugs E-VOLT 50. The E-VOLT 50 aims to reduce carbon emissions, improve operational efficiency, and set new benchmarks for performance and environmental sustainability in the tugboat
The Ministry of Ports, Shipping, and Waterways has issued a standard operating procedure for progressive replacement of existing diesel-powered tugs with zero-emission tugs built locally for greening of operations at state-owned ports. The Ministry has set a five-phase timeline ending 2047 by which the 12 state-owned ports must make their tug fleet fully green under
Bihar aims to achieve big in the ethanol production as 9 projects have started production with around 1500 kilo litres per day capacity. According a senior official from the state, Bihar is 6th largest producer of sugarcane in the country. Also, it ranks first in water availability. Along these, supporting policy will help the State
Tamil Nadu is in the process of developing a green hydrogen hub, Industries Minister T R B Rajaa said. He was addressing the India EV Conclave event “Electrifying Tomorrow: Navigating the EV Transition” was the theme of the event. Rajaa said 50% of installed energy capacity in the state was green and added that the
Equatorial Marine Fuel Management Services (EMF) confirmed that it will be building two additional 7,999 dwt IMO Type II Chemical and Oil Tankers that will be used as bunker tankers at the Port of Singapore. EMF earlier has placed an order for two similar newbuildings at Zhejiang Shenzhou Sunshine Heavy Industry Co., Ltd.; the first
ClassNK has granted its Innovation Endorsement 1 for Products & Solutions to a Blue Visby Solution developed by Blue Visby Services Ltd. The company describes Blue Visby Solution as a multilateral platform for reducing shipping GHG emissions by 15% by eradicating the practice of “Sail Fast, then Wait (SFTW)” by overcoming the obstacles of implementing
Recognizing that the rail sector generates 2 percent of US transportation greenhouse gas (GHG) emissions, the Department of Energy has released the Progression to Net-Zero Emission Propulsion Technologies for the Rail Sector request for information (RFI) to understand applicable decarbonization strategies. The purpose of this RFI is to solicit feedback from industry, academia, research laboratories,