Vessels calling at Israeli ports will need to burn marine fuels with a 0.10% maximum sulphur content under new regulations taking effect in February 2023. Although the Mediterranean Sea Emission Control Area for Sulphur Oxides and particulate matter was recently adopted at MEPC 79, it will not take effect until 2025. The State of Israel,
Vessel FSRU Exemplar, the floating liquefied natural gas (LNG) terminal, chartered by Finland to replace Russian gas, is seen moored at the Inkoo port, west of Helsinki, Wednesday Dec. 28, 2022. Finland has agreed a 10-year charter for the Exemplar floating storage and regasification unit (FSRU) that will serve both its domestic and the Baltic
Researchers of the Indian Institute of Technology-Guwahati (IIT-G) have studied the efficacy of a specific multifunctional enzyme that can break down woody biomass for conversion to bioethanol fuel. The researchers have reported that the bacterial endoglucanase enzyme, RfGH5_4 derived from a bacterium called Ruminococcus flavefaciens, can break down woody bio-matter into a simple sugar that
Maersk has launched the construction of its 16,200 TEU dual-fuel containerships that can run on green methanol. Namely, South Korean shipbuilder Hyundai Heavy Industries hosted a steel-cutting ceremony for what is believed to be the first vessel from the series, based on a social media update from Maersk. The steel-cutting ceremony was attended by the
Indian Energy Exchange (IEX) announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunities in the voluntary carbon market. ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent and reliable platform and facilitate reduction of global GHG emission by 45% by
Indian Oil Corporation Ltd (IOCL) is hopeful to commission Paradip-Hyderabad Pipeline Project (PHPL) by the end of next year. The company is investing Rs 3,338 crore to execute this project for enhanced fuel supplies to its retail outlets in three States. This project links Paradip refinery in Odisha to Hyderabad in Telangana via Andhra Pradesh.
All Nippon Airways and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development signed a Memorandum of Understanding to mutually cooperate on initiatives aimed at manufacturing and procuring sustainable aviation fuel (SAF) overseas. Based on this MOU, ANA will provide advice and other support to JOIN’s SAF projects overseas, based on its experience and
A major green hydrogen project planned for development in the south of the Sultanate of Oman is anticipated to draw in foreign direct investments to the tune of around $6.5 billion. H2Oman is backed by a consortium comprising leading Saudi-based global energy and water services group ACWA Power, OQ Group of the Sultanate of Oman,
Neste Oyj said that it won a EUR-27.7-million ($29.4m) grant from state-run organization Business Finland for its green hydrogen projects in Porvoo as a result of their IPCEI designation. In July, Neste was selected by the European Commission to receive national public funding under the IPCEI Hy2Tech initiative of the State aid framework for Important
Caterpillar Marine said it has agreed with Jackson Offshore Operators LLC to pilot an integrated hybrid energy solution aimed at reduction of fuel consumption and diesel exhaust emissions. The companies will demonstrate the technology on Jackson Offshore’s M/V Thunder Platform Supply Vessel, jointly working towards the reduction of greenhouse gas emissions while at the same