The Group of Seven nations agreed to accelerate the phase-out of unabated fossil fuels but fell short of sealing a deal on a timeline to exit coal. The ministers are negotiating a joint communique that outlines support from the world’s most advanced economies for the global energy transition. The G-7 has appointed themselves leaders in
Commonwealth Bank of Australia (CBA) is launching a range of new green asset finance solutions to support businesses investing in green vehicles, equipment and machinery and achieving their sustainability goals, while also lowering energy costs and boosting productivity. CBA’s new Green Vehicle and Equipment Finance offers discounts of up to 1 per cent off the
The Port of Rotterdam Authority will develop a green hydrogen plant with a capacity of up to 1GW at a facility in Maasvlakte. The reason for the tender is the Ijmuiden Ver Wind Farm, which will have a capacity of 2GW, is expected to be ready by 2028, with the formal tender process starting later
Idemitsu Kosan has launched a feasibility study of clean hydrogen production in Japan generated from waste, including municipal waste. The goal is to launch the first hydrogen production facility around 2030 capable of processing 200-300 tons of waste per day. The study is conducted in collaboration with California-based H-Cycle, which has developed a thermal conversion
The second round of the California Energy Commission’s (CEC’s) Energy Infrastructure Incentives for Zero-Emission Commercial Vehicles (EnergIIZE) Hydrogen funding lane will open for two weeks from April 27. The funding lane offers the highest incentive funding cap of all four EnergIIZE funding lanes, covering 50% of eligible equipment and software costs for standard projects, up
Dutch companies Vopak and Gasunie have announced a new agreement for Vopak to acquire 50 per cent of the shares in EemsEnergyTerminal. The transaction is expected to be completed by 1 October, following approval from competition authorities. EemsEnergyTerminal has been operational since 15 September 2022 and has a regas capacity of 8 billion cubic metres
A project is underway to deliver the UK’s first green shipping corridor between the Ports of Dover, Calais and Dunkirk. It is part of the UK’s Clean Maritime Demonstration Competition. This landmark project will deliver a green corridor business case and plan that can be rolled out to other UK ports. Dover will map out
The world will likely use fewer fossil fuels to produce electricity this year in a “turning point” for planet-friendly energy, a new report says. It would be the first ever annual drop in the use of coal, oil and gas to generate electricity, outside of a global recession or pandemic. As a result, fewer warming
Mitsui OSK Lines (MOL) and compatriot yards Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have delivered on the project launched last year to develop an ammonia-powered gas carrier. The 40,000 cu m ship, which can carry ammonia and liquefied petroleum gas (LPG), has received approvals in principle (AiPs) from ClassNK and Lloyd’s Register. The vessel, which
Chevron, through its subsidiary Chevron Shipping Co. LLC, and the Angelicoussis Group’s Green Ships division, have formed a joint study agreement to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next-generation