The US International Development Finance Corporation has approved a financial aid of up to $425 million (Rs 3,521 crore) to Tata Power Renewable Energy Ltd for setting up a 4.3 GW solar cell in Tamil Nadu by its subsidiary. The plant’s first module production is expected by year-end and the first cell production is expected
Swire Shipping, a leading provider of sustainable and innovative shipping and logistics solutions, has published its Sustainability Report, which details its goals and achievements in the areas of sustainability and decarbonisation for the calendar year 2022. The Company’s sustainability strategy provides the framework and structure to ensure that it meets its sustainability commitments across Environmental,
Using the power of the wind, ocean-going vessels can sail more efficiently. Dutch company Econowind builds ‘VentoFoils’ in Zeewolde and Warten. These sails enable ship owners to reduce fuel consumption by up to 30%. This contributes to making the shipping industry more sustainable. The Investment and Development Agency for the Northern Netherlands (NOM) and Horizon
Carbon capture, energy efficiency and green fuels are the roadmap to net zero by 2050. That’s the pathway outlined by the 2023 Outlook, Beyond the Horizon: View of the Emerging Value Chains, the latest industry-leading research from ABS into shipping’s progress on the green energy transition. Released at the ABS Sustainability Summit during London International
According to the latest report by Lloyd’s Register Maritime Decarbonisation Hub, e-ammonia might become the most widely used marine fuel among hydrogen-based fuels, while liquefied bio-methane is expected to lead among biofuels. More specifically, the Future of Maritime Fuels report reviews a broad variety of fuel mix estimates and identifies two potential transportation paths: hydrogen-based
Highly respected British shipping emissions consultancy UMAS has delivered an updated verdict on arguably this year’s single most important news item, the outcome of July’s 80th gathering of the Marine Environment Protection Committee (MEPC), heaping plaudits on member states of the International Maritime Organization (IMO) for the leap in green targets. The new analysis from
Prime Minister Narendra Modi announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance. The prime minister launched the alliance in
Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water. Billionaire Gautam Adani’s group said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. Adani Global Pte Ltd, Singapore,
What just happened? Swedish truck maker Scania last week unveiled a unique hybrid solar-powered truck. The vehicle is now being tested on public roads in Sweden as part of a two-year research collaboration between Scania, Uppsala University, Eksjö Maskin & Truck, Midsummer, Ernsts Express, and Dalakraft. In a press release, the company said that the
The Global Centre for Maritime Decarbonisation (GCMD) and the Society for Gas as a Marine Fuel (SGMF) have signed a 2-year Coalition Partnership agreement during Gastech 2023. Under the agreement, GCMD and SGMF plan to collaborate on reshaping standards by developing guidelines on the use of ammonia as a marine fuel. SGMF’s guidelines for LNG