UK-based Manor Renewable Energy (MRE) has acquired German crew transfer vessel (CTV) owner and operator Opus Marine for an undisclosed sum. Established in 2006, the Hamburg-based Opus operates in the German and Taiwanese offshore wind sectors. The acquisition will see MRE’s fleet double from eight to sixteen CTVs, the majority of which are certified for
Mexico plans to build an LNG export hub worth between $4 billion and $5 billion in the Gulf of Mexico that will help serve European demand. The planned LNG facility in the port of Coatzacoalcos, in the eastern state of Veracruz, would transport gas by boat to Europe. Mexico does not yet commercially export LNG,
Texas A&M AgriLife Research scientists are using artificial intelligence to set a new world record for producing algae as a reliable, economic source for biofuel that can be used as an alternative fuel source for jet aircraft and other transportation needs. The team’s findings were published in January in Nature Communications. Ongoing research is funded
Tata Motors, one of top automotive companies in India, plans to expand its portfolio of commercial vehicles run by alternative fuel, said the company’s top official. There are six types of alternative fuels available in India — CNG, Compressed Biogas (CBG), autogas (LPG), ethanol-blended petrol, biodiesel and hydrogen energy. The company, he said, has been
Prime Capital is establishing a joint venture to build and operate a green hydrogen and methane plant in Finland, with a total capacity of over 1GW. The Prime Green Energy Infrastructure Fund (PGEIF), managed by Prime Capital, has entered into a joint venture with CPC Finland to develop the project with an electrolyser capacity of
LuftCar announces plans to develop HYDROB, a hydrogen fuel cell – battery hybrid propulsion system for the Advanced Air Mobility market. HYDROB will serve to give enough vertical thrust to lift vehicles up to 8500 lb. GVW. and cover distances up to 500 miles. LuftCar, partnered with Bosch Aviation and a few other automotive fuel
Carbon-neutral marine gasoil will emerge as a strong competitor as future bunker fuels against ammonia and methanol in the shipping industry’s pursuit of decarbonization, maritime classification society DNV has predicted. In its latest annual Maritime Forecast to 2050 report, the Norwegian-headquartered organization presented 24 scenarios of future bunker mix based on which shipping companies can
Increasing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for
Corn-based ethanol, which for years has been mixed in huge quantities into gasoline sold at U.S. pumps, is likely a much bigger contributor to global warming than straight gasoline, according to a published story. The study, published in the Proceedings of the National Academy of Sciences, contradicts previous research commissioned by the US Department of
While the new solar installations rose from January to August by 22 per cent year-on-year, new wind installations increased by only 7 per cent, with only 1.1 GW installed between January to August 2022, shows data. India had set a target of installing 175 GW of RE capacity by 2022 end – 100 GW from