Grimaldi Group has signed an order for the construction of up to seven ammonia-ready pure car and truck carriers in China, worth around $630m. The Naples-based company has booked five firm 9,000 ceu units at CSSC-affiliated Shanghai Waigaoqiao Shipbuilding and China Shipbuilding Trading Company, with an option for two additional ships. The first five 200
The Climate tech start-up C1 has raised growth capital from Maersk Growth, the Venture Capital Arm of A. P. Møller – Maersk to faster scale their ultra-efficient catalysis, which will enable the mass production of green methanol without the usual premium paid for sustainably produced methanol. Besides the ability to function as a carbon-based feedstock
India will by May invite bids for subsidies for setting up green-hydrogen manufacturing and utilisation hubs, fertiliser and steel plants based on the fuel, and factories for making electrolysers. The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut
The Chhattisgarh government has signed memorandums of understanding (MoUs) with both the companies — Unity Industries Private Limited and Suruchi Foods Private Limited — for setting up the plants. Both the proposals are likely to create jobs for 920 people in the state. According to industry department officials, Unity Industries signed an agreement for ethanol
Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world’s largest bunkering hub Singapore in 2022. Equatorial overtook PetroChina International Singapore Pte Ltd, who dipped from its top ranking in 2021 to second spot in 2022, while Trafigura’s TFG Marine Pte Ltd climbed two spots to
Project Air is an industrial collaboration to build a unique production facility for sustainable methanol in Stenungsund in Sweden. The country will now receive EUR 97 million in support from the EU Innovation Fund. The announcement marks an important milestone for the project, which is being led by chemicals company Perstorp AB. The facility is
Fossil fuel companies should be forced to “take back” the carbon dioxide emitted from their products, handing them direct responsibility for cleaning up the climate, a group of scientists has argued. The principle that the producer of pollution should pay for its clean-up is established around the world, but has never been applied to the
Rio Tinto announced it is progressing with its plans to swap conventional diesel for renewable fuel in haul trucks at its U.S. mining operations to reduce the carbon footprint of its fleet. The company said it successfully completed a renewable diesel trial at its U.S. Borax mine in Boron, Calif., and is now conducting a
The Minister of Petroleum and Natural Gas said at Auto Expo 2023 that India has also advanced the 20 per cent ethanol blending target to 2024-25 from 2030. The minister asked automobile manufacturers to move from the prototype stage and start introducing green vehicles in the market, saying the time has come for biofuels and
The Mangalore Refinery and Petrochemicals Limited (MRPL) will set up in Harihar of Davangere district an unit for the production of second generation Ethanol. Ethanol will be produced by processing the waste from jowar and cotton crops. The plant would be operational by 2025 and will produce 60,000 litres of ethanol per day. MRPL will