The world is not on track for zero-emission fuels to account for 5% of international shipping fuels by 2030, a new analysis has found, jeopardizing the shipping industry’s 2050 decarbonization goal. Launched at the Global Maritime Forum’s annual summit in Athens on Wednesday, the assessment finds that current scalable zero-emissions fuel (SZEF) production in the
A group of scientists recently conducted extensive tests to evaluate emissions arising from the combustion of sustainable aviation fuels, uncovering a substantial decrease compared to traditional jet fuel. Conducted by researchers from the National Center for Atmospheric Science (NCAS) in partnership with the University of Manchester, the study involved a comparative assessment between standard jet
Technology group Wärtsilä has signed a strategic partnership agreement for Decarbonisation Modelling with Raízen, a major Brazilian energy company. The agreement focuses on both newbuilding and existing operation upgrade plans. Its aim is to build and implement a fleet-wide decarbonisation plan with a particular interest in the future marine introduction of ethanol as a marine
To this end, Evergreen and CIP, on behalf of its Energy Transition Fund, have signed a memorandum of understanding (MoU) under which they will jointly explore the production and usage of carbon-neutral e-fuels. The cooperation will have several aspects including the production of e-fuels in Taiwan based on offshore wind, but also the exploration of
Among other challenges is the concentration of manufacturing in one or two countries which needs to be made more diversified geographically. Solar energy has the edge among other renewable energy options and is much more reliable, Power Minister R.K. Singh said on Wednesday. Addressing the 6th assembly of International Solar Alliance (ISA) here, the minister
The percentage of ethanol blended with petrol by oil marketing companies (OMCs) fell to 11.72 per cent in August this year from 11.77 per cent in July, due to unavailability of feedstock such as rice. The Ministry of Petroleum and Natural Gas (MoPNG) attributed the decline in blending to the discontinuation of rice supply by
Deutsche Bank has announced emissions reduction targets for loans to clients in the shipping, coal mining, and cement sectors with 55% of the bank’s loans now covered with a net zero plan. Deutsche Bank today published its initial Transition Plan and consolidates its path to net zero by 2050. This Plan focuses on the bank’s
The Global Maritime Forum, a not-for-profit organisation working to create a decarbonised shipping industry, has identified five key action areas to improve the operational efficiency of vessels with 30 top names in maritime, attending the association’s AGM in Athens, committing to adopt these measures. The five actions cover: data collection and transparency; contractual changes; pilot
Japanese shipowner Mitsui OSK Lines (MOL), along with yards Onomichi Dockyard, Kawasaki Heavy Industries and Japan Engine Corporation (J-ENG) have conducted a risk assessment of a multipurpose vessel powered by hydrogen, which has been granted approval in principle (AiP) for the ship’s parcel layout concept from Nippon Kaiji Kyokai (ClassNK). This marks the world’s first
Union Minister of Petroleum and Natural Gas Hardeep Puri sees green hydrogen as a path to the future. Puri was speaking at a panel discussion at the US India Business Council meeting in New Delhi. “I am wedded to the movement away from fossil fuels, and see green hydrogen as a path to the future.