The International Energy Agency (IEA) said in a 2023 update of its ‘Net Zero by 2050’ report that shipping will primarily turn to ammonia to decarbonise the sector. The ‘Net Zero by 2050: A Roadmap for the Global Energy Sector‘ report was published in 2021. It translated the goal of limiting global warming to 1.5°C
Norwegian government enterprise Enova has decided to grant NOK 152m ($14.1m) to Viridis Bulk Carriers for the construction of two ammonia-powered bulk carriers. Viridis Bulk Carriers expect to place orders for the two ships near the end of 2023, with deliveries starting in 2025. The two ammonia-powered bulkers, designed by Kongsberg Maritime, will have a
Japan’s three largest shipowners are joining forces with Kawasaki Heavy Industries and industrial gas firm Iwatani Corporation to develop hydrogen carriers together. Mitsui OSK Lines (MOL), Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) are each taking a 16.6% in new firm JSE Ocean, designed to quickly build up Japan’s maritime hydrogen supply
In a groundbreaking development, Rolls-Royce has achieved a remarkable milestone in its hydrogen research project, setting a world industry first. This endeavor represents a significant stride towards pioneering hydrogen combustion engine technology, capable of propelling various aircraft, including those in the narrow-body market segment, starting from the mid-2030s. Partnering with easyJet, Rolls-Royce has been relentless
The V O Chidambaranar (VOC) Port, located in Tamil Nadu has made history by becoming the first port in India to handle green ammonia. V O Chidambaranar Port Authority, a state-owned entity responsible for operating the port at Thoothukudi in Tamil Nadu. Three 20-inch tank containers filled with this environmentally friendly fuel arrived at the
Union Minister Hardeep Singh Puri flagged off India’s first green hydrogen-powered bus that emits just water. The minister said hydrogen will be India’s transition fuel for moving away from fossil fuels. India’s top oil firm IOC unveiled the bus. IOC will produce close to 75 kg of hydrogen by splitting water using electricity from renewable
This transition to new and renewable sources of energy would not come cheap, with India needing around $15 trillion in investments to achieve net zero between 2022 and 2070, according to a Deloitte-FICCI study. India’s total energy demand would likely double by 2070 from the 2020 level, due largely to aggressive energy efficiency and the
Denmark-based NKT has certified its cable-laying vessel (CLV) NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) as part of its decarbonization goals. NKT reported that the certification allows the reduction of carbon footprint from the vessel’s fuel consumption by more than 98%. According to the Danish company, this HVO certification is an
General Authority for Suez Canal Economic Zone (SCZONE) recently met with Shell officials, during its roadshow tour to the Netherlands, to discuss the development of alternative fuels bunkering. The SCZONE delegation, headed by Waleid Gamal El-Dien, met with Shell officials, Roberto Maria Batumli, Regional lead of the Hydrogen industry EU, and Rene Smeets, Marine LNG
A partnership between ports, carriers, and cargo owners has published an outline of a Green Shipping Corridor Implementation Plan which will accelerate emissions reductions on one of the world’s busiest container shipping routes across the Pacific Ocean. As part of the historic plan, the carrier partners will begin deploying reduced or zero lifecycle carbon capable