Japan’s Mitsui OSK Lines (MOL) is growing its LNG-fuelled fleet, announcing today orders for gas-powered newcastlemaxes to be built at CSSC Qingdao Beihai Shipbuilding and two VLCCs to be constructed by Dalian COSCO KHI Ship Engineering. This marks the first time a Japanese company has ordered LNG-fuelled VLCCs. The MOL news is also the first
According to Rystad Energy research, investments in new liquified natural gas (LNG) infrastructure are set to increase, reaching $42 billion annually in 2024. New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia. These greenfield investments are 200 times the amount in 2020 when just $2 billion
ABB has signed an agreement with Canadian technology innovator Hydrogen Optimized Inc. (HOI), a company that is engaged in unlocking green hydrogen production at scale, aimed at expanding the partnership and including an investment in HOI’s parent company Key DH Technologies Inc. (KEY). The partners are seeking to accelerate the fast-emerging green hydrogen production segment
Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility. With this project, the onsite solar plant capacity of Tata Motors’ Jamshedpur
India’s crude oil production during July 2022 was 2453.19 thousand metric tonnes (TMT), which is 5.57% lower than target for the month and 3.76% lower than the production of July 2021. Cumulative crude oil production during April-July, 2022 was 9912.42 TMT, which is 2.17% lower than target for the period and 0.50% lower than production
The Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT), a fully owned subsidiary of MPBCDC, and the Indian Renewable Energy Development Agency Ltd. (IREDA) signed a memorandum of understanding. According to the terms of the Memorandum of Understanding, IREDA will provide MAHAPREIT with financing options for the renewable energy projects that will be developed
A fleet of 14 trains powered entirely by hydrogen is launched in Germany’s Lower Saxony state. Germany has inaugurated a railway line powered entirely by hydrogen, a “world premiere” and a significant step forward for green train transport despite nagging supply challenges. A fleet of 14 trains provided by French industrial giant Alstom to the
INOXCVA, an Indian multinational, among the world’s leading manufacturers of cryogenic equipment and solutions, flagged-off the largest bulk Liquid Hydrogen Storage Tank ever made in India. Built with a massive storage capacity of 238 m3, the Tank embarked on its journey from INOXCVA’s Kandla facility to its destination for a clean energy demonstration project in
US. pipeline operator Energy Transfer LP said it agreed to supply 2.1 million tonnes of liquefied natural gas (LNG) per year to Shell Plc for 20 years. The deal for supplies from its proposed Lake Charles, Louisiana, facility comes as demand and prices for LNG are soaring over Russia’s February invasion of Ukraine. LNG prices
Leaders of a South Korean advanced technology company are in the Mountain State meeting with economic development officials, university researchers, and state and federal representatives to explore potential sites for a hydrogen gasification facility that would create green energy from forest, plant, and plastic waste products. Plagen Co., Ltd., technology produces hydrogen from various wastes