Proman’s shipping division plans to make an eventual full switch to methanol from conventional oil-based fuels, betting on methanol’s potential decarbonization effects and proven propulsion technology. The Switzerland-headquartered methanol producer has established a 50-50 joint venture with Swedish tanker firm Stena Bulk, Proman Stena Bulk, to operate six MR dual-fuel tankers capable of running on
Posco International, the trading arm of South Korean steelmaker Posco, has penned a charter deal with compatriot H-Line Shipping for a newbuild liquefied natural gas (LNG) carrier. The 174,000 cu m vessel will be built by Hyundai Samho Heavy Industries and delivered in the first half of 2025. The company, which merged with Posco Energy
A new project has been launched to facilitate emission-free inland and nearshore shipping. A consortium that brings together the Port of Rotterdam, the Province of Zuid Holland, five other ports and more than 40 project partners, aims to have the first vessels sailing on hydrogen in 2025 and to enable 50 emission-free vessels by 2030.
The Indian government has unveiled plans to make green hydrogen-based fuels available at the nation’s biggest ports by 2035, part of a broader climate program for its ports sector. The new “Harit Sagar” guidelines call for “quantifiable reductions in carbon emissions over defined timelines,” according to Shipping Minister Shri Sarbananda Sonowal. The overall objective is
Honeywell International Inc announced a new technology to produce lower-carbon aviation fuel from green hydrogen and carbon dioxide captured from industry, which can help cut greenhouse gas emissions from aviation, one of the hardest sectors to electrify and decarbonize. Sustainable aviation fuel, or SAF, is typically made using biomass-based feedstocks such as soybean oil and
India is pressing the European Union for a mutual recognition agreement for its carbon certificates and exempt MSMEs in certain sectors to insulate the domestic industry from the burden of the EU’s carbon tax, which would kick in from October this year. The EU is introducing the Carbon Border Adjustment Mechanism (CBAM) from October 1
Australia will invest A$2 billion ($1.4 billion) to scale up development of its renewable hydrogen industry, the government announced in its annual budget, as it looks to accelerate clean energy projects in the country. Funds will be allocated under a “Hydrogen Headstart” programme that provides revenue support for large-scale renewable hydrogen projects through competitive hydrogen
Sweden will struggle to hit its 2030 emissions targets, a government agency warned after the country’s minority coalition cut the biofuel that must be added to diesel and gasoline. The right-wing Sweden Democrats-backed coalition government has already cut fuel taxes, raised tax breaks for people driving to work and ended new electric vehicles subsidies. Mixing
ULEMCo, a developer of hydrogen fuelled vehicle, together with a number of partners has been awarded £3.9m by government, matched by industry to a total £7.9m, for a major project with Oxfordshire County Council (OCC) to develop solutions for hydrogen powered vehicles. The ‘HYER Power’ project will develop a hydrogen fuel cell range extender module
French LNG containment specialist GTT and Chinese shipbuilder Shanghai Waigaiqiao Shipyard (SWS) have obtained approval in principle from classification society Bureau Veritas (BV) for the design of LNG dual-fuel very large crude carrier. This approval is part of a joint development project (JDP), started by the partners in May 2022. SWS has designed the vessel