State-owned Indian Oil Corporation (IOC) will invest over $9.35 mn (Rs 740 crore) to raise the capacity of the nation’s oldest oil refinery at Digboi in Assam. IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities at an estimated
NATO aims to cut its civilian and military greenhouse gas emissions by at least 45% by 2030 and be carbon neutral by 2050, Secretary-General Jens Stoltenberg said. By committing to eliminate its net greenhouse emissions by 2050, NATO aligns the alliance with the pathway to deliver the Paris Agreement’s goal of limiting global warming to
Pacific International Lines (PIL) has placed an order at Yangzijiang Shipbuilding in China for the construction of four 8,000 teu dual-fuel containerships. The shipbuilder will deliver the vessels in 2025. No price has been revealed for this order. The vessels will initially be powered by liquefied natural gas (LNG), but will also be equipped with
Academics from the Universities of Oxford and Cardiff are working alongside CarbonMeta Technologies to turn plastic waste into clean hydrogen fuel and high-value carbon nanomaterials. Transforming one tonne of plastic using the microwave machines can take on average two hours, with the material reaching up to 600 degrees. The firm is currently in discussion with
Government of India’s Ministry of Steel has urged the stakeholders in steel industry to develop a time-bound action plan to lower emissions. In a meeting held recently, Steel Minister Ram Chandra Prasad Singh urged the stakeholders to develop a time-bound action plan and make intensive efforts for lowering the emissions from the steel industry in
Elkem has entered into an agreement with North Sea Container Line AS (NCL) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships to further improve Elkem’s North Sea logistics. The agreement will also enable NCL to become the first container vessel operator in Norway to put methanol-powered ships
FortisBC Energy Inc. to collaborate with Suncor Energy Inc. and Hazer Group Ltd. to build a hydrogen pilot project in Port Moody, BC. The project will be located at Suncor’s Burrard Terminal site and will produce hydrogen from natural gas. The project is currently in the engineering and design phase. FortisBC says a prototype for
The National Refinery Limited in Pakistan has excused from the import of Russian crude oil. The refineries in the country showing their limitations said that the transportation cost, increase voyage time, low/no capacity to process it, payment procedure and the long-term contract with Middle Eastern suppliers are the main hurdles in the way of
Advanced Polymer Coatings (APC) has agreed with Turkish ship management firm Chemfleet to recoat ten tankers. The new contract followed a third special survey of the chemical tanker fleet, which takes place after APC’s MarineLINE tank coating system had been in place for 15 years. The tank coating needs to be recoated to maintain its
The world’s first hydrogen-powered crew transfer vessel (CTV) is being developed by Vestas in association with Windcat Workboats, part of Compagnie Maritime Belge (CMB), as a pilot program. The project is aimed at exploring to see how it can help reduce carbon emissions from offshore service operations. The CTV is powered by a dual-fuel solution,