Engine maker Rolls-Royce and Italian yacht builder Sanlorenzo are looking to work together on a large luxury yacht that will be powered by two methanol-fuelled mtu engines. The first yacht developed under the new memorandum of understanding (MoU) to make its maiden voyage in 2026. The methanol engine, which is expected to be spark ignited,
Daewoo Shipbuilding & Marine Engineering Co. (DSME) and Samsung Heavy Industries Co. each added 2.37 trillion won ($1.7 billion) and 1.17 trillion won worth contracts to their swelling order book for liquefied natural gas (LNG) carriers, upping the chance of South Korean shipbuilders reclaiming No. 1 rank in global vessel orders this month after losing
A dual-fuel LNG shuttle tanker1 ordered by Knutsen NYK Offshore Tankers AS,2 which is an affiliate of NYK, was delivered at Daewoo Shipbuilding & Marine Engineering Co. Ltd. The vessel has been named “Sindre Knutsen.” Like its sister ship “Frida Knutsen,” which was delivered on 2 August, this vessel will be a dual-fuel shuttle tanker
Ohmium International has announced it will collaborate with Shell India to evaluate hydrogen applications, markets, and project opportunities in India and globally. As part of the collaboration, both parties have intent to launch joint working groups to assess opportunities from technical, commercial and safety perspectives. The collaboration is positioned at further elevating the oil company’s
OQ starts of production of the ammonia project in the Governorate of Dhofar in Oman. This ammonia plant is one of the key strategic projects fully owned by OQ with an investment of $463 million and has a designed capacity of 1,000 metric tonnes per day (MTPD) of ammonia. OQ Trading, the Group’s trading arm
Energy and infrastructure company Jakson Group is planning to build green hydrogen projects across West Asia and North Africa. The overseas green hydrogen projects will be driven by the group’s clean energy arm, Jakson Green Pvt. Ltd. “The intension is not only to look for solar EPC (engineering, procurement and construction) projects, but also for
China explores methanol shipping COSCO and Dalian developed the designs for China’s first domestic VLCC fueled with methanol (COSCO). Methanol is continuing to gain momentum as a leading option for the shipping industry to address decarbonization. Already adopted by an emerging group of shipping lines, two of China’s leading shipping companies are joining the effort
Chhattisgarh’s first ethanol plant will be constructed near Bhoramdev Cooperative Sugar Factory in Kabirdham district. The district administration has identified 35 acres of vacant land adjacent to the factory for setting up the plant. The Chhattisgarh government has decided to involve private players for financial and technical participation in the project to strengthen the state’s
German utility Uniper SE signed a long-term deal with Woodside Energy Group Ltd. to bring in more cargoes of liquefied natural gas to energy-starved Europe. The deal between Uniper and Woodside equates to 1 billion cubic meters of gas per year. That’s about a month of Russian supplies through Nord Stream at the curtailed levels
According to a new analysis by the Organization for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA), the annual support for fossil fuels doubled in 2021 to nearly $700 billion, slowing progress towards global community climate goals. Economic recovery contributed to the increase in subsidies and it will rise even more in