Coal is dirty – it makes up for 40 per cent of carbon dioxide emissions from fossil fuels, its mining wreaks havoc on the environment and burning it produces pollutants like mercury which are linked to acid rain and particulate matter that causes respiratory illnesses. But the war in Ukraine has caused a mini-energy crisis
Ørsted has taken a final investment decision (FID) to build Europe’s largest production facility, FlagshipONE, for green fuel for the shipping industry. Topsoe will provide engineering, procurement and fabrication (EPF) for the project’s e-methanol technology. According to IEA’s Net Zero-scenario for 2050, the shipping industry needs to reduce its emissions by almost 15% from 2021
Emission mitigation technologies will play a key role in reducing the environmental impact of oil & gas operations as the industry’s energy transition takes place. Methods and alternatives such as biofuels, carbon capture, electric vehicles, and hydrogen, will be adopted by oil & gas companies to mitigate their net emissions. Biofuels (or ‘renewable fuels’) are
The European Investment Bank (EIB) is providing a €120 million loan to Repsol to support the construction and operation of the first advanced biofuels production plant at the company’s facilities in Cartagena, Spain. The plant will produce second generation and advanced biofuels from different types of waste primarily from the agri-food industry, such as used
The world’s first netzero transatlantic flight will take off from the UK next year, with Virgin Atlantic set to fly one of its Boeing 787 aircraft from London to New York using solely sustainable aviation fuel (SAF). The airline has received UK government funding for the flight to show how SAF could replace conventional jet
Germany will inaugurate its first liquefied natural gas (LNG) terminal, built in record time, as the country scrambles to adapt to life without Russian energy. The rig in the North Sea port of Wilhelmshaven will be opened by Chancellor Olaf Scholz at a ceremony on board a specialist vessel known as an FSRU, named the
The race to establish green hydrogen production bases in the Asia-Pacific region is heating up, with Western and regional companies cooperating on massive projects to produce what many see as a next-generation power source. Danish multinational Orsted, the world’s largest offshore wind power company, is considering entering the market, as are major Western oil companies.
The Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package that will further reduce emissions and address their social impacts. The deal is provisional pending formal adoption in both institutions. The EU Emissions Trading System (EU ETS) is a carbon market based on a
Marinfloc has initiated delivery of their combined EGR bleed-off and Bilge water separators for a major South Korean newbuilding project. To date, three of a total of twelve shipments for the 16,200 TEU methanol-powered vessels have been sent. ABS, Lloyds, DNV and MAN Energy Solutions have approved Marinfloc’s innovative solution, which also complies with MEPC.107(49)
Iberdrola has announced intentions to invest more than €1.1 billion (around $1.7 billion) in a green hydrogen and methanol plant in Tasmania. Iberdrola is partnering with Australian hydrogen developer Abel Energy to build the plant in Bell Bay. The Australian government is backing the project. Iberdrola and Abel Energy said the plant will be one