Woodside Energy Group said it would invest $9.9 million in String Bio, a greenhouse gases recycling firm from India to recycle methane in its facilities. Woodside said the technology of Indian firm could also be deployed at third-party sites. The investment is a part of Woodside’s goal to spend $5 billion on new energy and
Neste, MAN and Altens have entered into an agreement aimed at promoting biofuels in France. The objective of this partnership is to promote the common vision of Neste, MAN and Altens of the crucial role that biofuels can play in the sustainability transformation. France is a strong market for biodiesel and FAME, but many OEMs
Hyundai Mobis Co said its operations around the world will use renewable energy for 65% of its electricity needs by 2030, and all of its electricity needs by 2040. This goal is a decade earlier than the global 2050 standard required by the RE100 initiative. The auto parts making unit of Hyundai Motor Group will
Hydrocat 48, the world’s first hydrogen-powered crew transfer vessel’s (CTV), pilot test run will be executed by Vestas. Vestas is partnering with Windcat Workboats to test the CTV. The CTV features a dual-fuel engine supplied by MAN engines. The combination fuel will be hydrogen and marine gas oil. The pilot program will examine how Vestas
Matheson Tri-Gas has signed a long-term Supply Agreement to meet hydrogen requirements for a 75,000 bpd refinery in Mobile, Alabama owned by Vertex Energy. The Matheson Facility will have a nameplate capacity exceeding 30 mmscfd hydrogen production and the capability to process a range of feedstocks, including renewable naphtha and other co-products from Vertex’s Renewable
TNG Limited, a mineral processing technology company, has received export finance funding for its Mount Peake vanadium-titanium-iron project in the Northern Territory. Vanadium is used to strengthen steel and as electrolyte in the emerging technology of vanadium redox flow battery energy storage, while titanium is a high strength, light weight metal used in aerospace and
Rail industry leaders of Europe met in Lyon, France recently to discuss the potential expansion of their rail systems. Their current vision involves doubling rail use by 2030 and tripling it by 2050. The end goal is to have these trains connecting all these major cities. However, Europe is hoping to cut down on this
Shell said that surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 billion. The increased refining margin is expected to boost the division’s earnings by $800 million to $1.2 billion in the second quarter compared with the first quarter. The upgrade will
Golden Ocean Group has placed an order for the construction of three dual-fuel kamsarmax bulk carriers, and offloaded two 2015-built ultramax vessels. It currently has seven ships under construction at China’s Dalian Shipbuilding Industry Corp (DSIC), and the 85,000 dwt eco-type trio will be built at the same shipyard and delivered in the third quarter
The Japanese government will team up with local shipping lines and shipbuilders to develop new types of vessels fueled by ammonia or hydrogen. The country relies on sea-based transportation for much of its food and natural resource needs, intends to start commercial runs of ammonia-fueled ships in 2028. The council will work to expedite the