Proman Stena Bulk takes delivery of second methanol-fuelled tanker Stena Pro Marine. Proman Stena Bulk is a joint venture (JV) between global methanol producer Proman and one of the world’s largest tanker shipping companies Stena Bulk. Both 49,990 DWT IMOIIMeMAX dual-fuel mid-range (MR) tankers were built at GSI in China. Stena Pro Marine, like Stena
According to a report from the Climate Policy Initiative, a tenfold increase in methane abatement spending is needed to sharply cut global emissions of the potent greenhouse gas and avoid the worst of climate change. The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases. The potent
International Energy Agency (IEA) says that countries must reduce dependence on China’s production of solar panels to reach net-zero emissions. IEA in its report said that while China’s policies and innovation have made solar power more affordable, its domination of the sector has also resulted in “imbalances” in supply chains. China has been instrumental in
Tata Power announced to invest over $946.55 mn (₹75,000 crore) in renewables in the next five years. The company has decided to ramp up clean energy portfolio as India is transitioning to green fuels from fossil fuels. Tata Power chairman N Chandrasekaran said the firm aims to have an electricity generation capacity of 30 GW
The government of India announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends. The tax exemption originally applied to E10 blends, but has now been expanded to blends of E12-E15. The exemption will also apply to B20 made from vegetable oils. India recently set an ambitious goal
NTPC REL has signed an agreement with Gujarat Alkalies and Chemicals (GACL) to mutually explore the opportunities for establishing commercial-scale green ammonia and green methanol project. NTPC REL is a subsidiary of state-run power Genco NTPC, while GACL, a Gujarat government PSU, is engaged in the production of industrial chemical products. This would be the
UNICA, the Brazilian sugarcane industry association, has announced that ethanol production picked up in June. Mills in the south-central region of Brazil processed 38.6 million tons of sugarcane during the first half of June, up 5.76 percent when compared to the same period of last year. Since the start of the current harvest season, which
Classification society Korean Register (KR) has given Approval In Principle (AIP) to a methanol dual fuel 300,000 DWT crude oil carrier (VLCC). The methanol dual-fuel VLCC, which was developed under a joint project between KR and shipbuilder Hyundai Heavy Industries (HHI), is powered by methanol and marine gas oil (MGO). HHI has developed the vessel
DHL Global Forwarding has signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, for the use of advanced biofuels. The two companies share the vision of decarbonizing container shipping and logistics. As per the agreement signed between the two companies, Hapag-Lloyd will ship 18,000 TEU of DHL’s volume using advanced biofuels, which is
Prime Minister Narendra Modi dedicated 500 boats converted to run on environment-friendly Compressed Natural Gas (CNG) from petrol and diesel to the Nation. The conversion of the boats running on petrol/diesel to run on CNG also was carried out under GAIL’s Corporate Social Responsibility initiative in association with Varanasi Nagar Nigam (VNN). VNN appointed Varanasi