The NSW and Victorian Governments have each invested $10 million in grant funding for the Hume Hydrogen Highway, a joint grant initiative to support the development of at least four refuelling stations along the highway and approximately 25 hydrogen-powered trucks. Applications are now open for $20 million in grant funding to support the design and
Ocean Yield has agreed to buy another 5,500 teu container vessel, which will be built at HJ Shipbuilding and Construction in South Korea. The Norwegian owner expects to receive the vessel by May 2023. The vessel designed to be converted to dual-fuel operation with methanol as fuel. The vessel has been fixed to Israeli carrier
Boeing and Alder Fuels under the new partnership agreed to expand production of sustainable aviation fuel (SAF) around the world. Using Boeing airplanes, the companies will test and qualify Alder-derived SAF, advance policies to expedite the transition to renewable energy in aviation, and grow the amount of SAF for the global aerospace market. In January
Australia’s capital plans to ban the sale of new petrol and diesel vehicles starting from the middle of next decade. Up to nine out of every 10 new cars sold in the Australian Capital Territory may be electric by 2030, ahead of a ban on the sale of new petrol and diesel cars from 2035.
Mr B K Bhatia, Additional Secretary General, Federation of Indian Mineral Industries (FIMI) in an exclusive interview with Future Fuels shares his opinion on sustainability and decarbonisation efforts made Indian mining sector. What are the initiatives/steps being taken by FIMI with regard to decarbonisation in mining industry in the country? Ans: FIMI’s efforts in sustainability
The cumulative trading volume of the carbon market reached 194 million tons in China, with a cumulative turnover of 8.49 billion yuan ($1.26 billion). Carbon emissions by 2,162 power companies were covered in the first batch of trading, with a total emission of about 4.5 billion tons in one year. One year on, the carbon
The European Commission approved a 5.4-billion-euro ($5.4 billion) hydrogen project jointly funded by 15 EU countries and 35 companies including Alstom and Daimler Truck, seeking to gain the edge in an innovative sector. The project, called IPCEI Hy2Tech, aims to attract another 8.8 billion euros in private investments. Other participating companies include Ansaldo, Bosch, Enel,
BP Plc is aiming to start producing sustainable aviation fuel (SAF) in Australia by 2025 after converting its oil refinery near Perth to produce renewable fuels. The company however, has not disclosed what volume it plans to produce. Australia has no SAF production so far and has no mandates for the fuel, unlike the European
FutureEnergy Australia, an incorporated joint venture between WA based Carnarvon Energy and Frontier Impact Group, was formed to build and operate renewable fuel biorefineries in regional Western Australia. As per the agreement, a clear path forward for the two organizations to explore opportunities for the development and production of renewable diesel in Western Australia. Developing
Sales of marine fuel in Singapore plunged in June in the wake of soaring oil prices that reduced the number of ships calling at the port to refuel. Vessels calling specifically for refuelling in Singapore, the world’s largest bunkering hub, fell to 2,940 – 7.2 per cent lower than in May and down from 3,242